The Benefits of Social Network Analytics for Marketing

Posted: August 14th, 2012 | Author: | Filed under: Industry Insights | Tags: , , , , , , , , , , , | Comments Off on The Benefits of Social Network Analytics for Marketing

Social network analytics (SNA) is becoming increasingly popular as communications service providers (CSPs) look to better understand their customers and secure a competitive edge in the market. As part of an advanced analytics approach, SNA enables CSPs to dive into the billions of daily transactions on their networks and utilise the calling patterns to identify influencers and better segment their subscribers – and ultimately realise more value.

For instance, call detail records provide CSPs with a unique insight into social interactions through the daily communication of their subscribers. This network may be even more important for CPSs than most online social networks, for example, which are just snapshots of a person’s interactions, many of which may not be very relevant, especially with regards to the activities of CSPs.

However, SNA alone is not the ultimate end-all solution and is, instead, one very valuable aspect of the larger scope of analytics. And when combined with predictive analytics, SNA truly offers a distinct advantage for CSPs. For instance, they can use SNA to power their predictive capabilities and generate insight regarding data that is otherwise unavailable on the single subscriber level. On top of this, SNA and predictive analytics can help CSPs benefit from the interactions between subscribers, help with overall customer experience management and automate operational actions to increase productivity. And let’s not forget, perhaps the best known application of SNA, viral marketing – an approach that remains one of the strongest, most effective marketing techniques. But again, it’s crucial to take into account that understanding the social network alone is not enough. Rather, when combined with the right product, predictive analytics powered by SNA can really make a difference.

Take, for instance, a teenager who texts frequently. If he or she receives an appealing SMS rate reduction that’s just right for them – perhaps one that predictive models have indicated would be suitable – this subscriber will be more likely to spread the word to those in his or her network, causing a positive ripple effect. As a result, many of these connections may pursue that same SMS rate, providing an increase in revenue for the CSP.

Ultimately, recommendations from family and friends can be far more effective than traditional advertising. In this way, combining predictive analytics and SNA can play a key role in any CSP’s arsenal. And of course, a well-executed SNA strategy balances providing personalised offers without infringing on subscriber privacy.

If you’d like to read more about combining predictive analytics and SNA— and taking this even one step further to understand and act upon the context of each interaction — download our recent whitepaper with Heavy Reading on Contextual Intelligence. What are your thoughts on SNA? Is it of value? Are there actual network influencers whose recommendation you follow regardless of the topic? Or would you say you’re more swayed by having CSPs make the right offer, and it holds more weight when the offer is recommended by those whose opinion you trust in the context of what is being offered?


Around The World

Posted: July 13th, 2012 | Author: | Filed under: Around the World | Tags: , , , , , , , , , , , , | 1 Comment »

GigaOM…
Why Are MVNOs So Hot Right Now? Thank the Carriers

The number of mobile virtual network operators (MVNOs) nearly died out in the past decade due to over-segmentation. Today, however, they are making an astounding recovery by reselling bundled voice and data services at affordable prices. According to GigaOM journalist Kevin Fitchard, “MVNOs are thriving because the big network operators are letting them.”

Historically, the larger operators made it difficult for MVNOs to take advantage of their data networks. They would charge prohibitive rates and force partners to pay for megabytes up front. But the market has recently changed, and operators like AT&T and T-Mobile are selling more airtime, while others are working directly with MVNOs to craft plans in exchange for a percentage of revenue. There are pros and cons to working with each operator, but it’s clear this shift is benefitting MVNOs.

The trend, however, hasn’t been as good for operators who risk losing their competitive advantage. The article points out that they, most likely, either feel forced to cooperate or are trying to reap the wholesale benefits of selling to MVNOs. Ultimately, these types of customised offerings and bouquet of service options benefit customers that now have more choices when it comes to selecting their network operators.

Pipeline…
Moving Customers to Tiers

Data capacity and bandwidth constraints continue to be a major concern for communications service providers (CSPs).  According to Cisco, the consumption of over-the-top (OTT) video is predicted to quadruple by 2016, at which point more than 1.2 million minutes worth of video will be travelling through the Internet every second. Additionally, as smartphone quality increases so too does their use for bandwidth-intensive activity, like video streaming. And as users are increasingly becoming data-centric, CSPs must figure out the most effective method for implementing controls on usage.

Some operators, like Comcast, are offering tiered data services to manage the network. While this may be a viable option, it’s also likely that subscribers will push back on this change in plan. However, keeping customers satisfied could simply come down to the variety of tiers a provider is offering like charging based on the type of data used instead of the volume, or paying more for priority data during peak hours. Ultimately, CSPs have the ability to differentiate diverse types of data in ways that they never have before. This means more targeted services and the potential to really stand out in the market.

What options other than tiered pricing do you think can be effective?

MarketingLand…
Airlines & Telecom Companies Are Best At Facebook Page Customer Service

A recent study revealed telecom and airline industries are tops when it comes to providing customer service on Facebook. T-Mobile and Sony Mobile were the most active brands in responding to customers and prospects, while telecom companies showed their customer-centricity by replying to 60.4% of user posts between March and May of this year.

This is crucial as Conversocial, a social media tracking site, indicated in a recent study that 88% of consumers are less likely to buy from companies that ignore complaints on Facebook. It’s clear customer service should play a key role for CSPs not just on social media channels, but also as a standard practise throughout the business. For instance, CSPs can tap into the customer data they have on hand and determine – at an individual level – who to engage with, the right message to use, and the right time to do so. They can also monitor for issues within the network and proactively reach out to customers– before they head to Facebook to address the issue, the CSP has already responded. Now that’s customer service!