Social Media Measurement: Dashboards vs GPS
Categories: Social Media Measurement, Web AnalyticsPosted on October 16th, 2008 Left Image: The dashboard in a car measures key health metrics, but the most important screen is the GPS, it tells me where I’m headed, where I am. and how to get there.
Yesterday, I attended Federated Media’s Conversational Marketing Summit in the gorgeous Presidio (my family has history there, my Grandfather was a First LT in the Airforce in WW2 and spent much time there) and moderated a panel on one of my favorite topics: Social Media Measurement. On the panel I had Rob Crumpler, President and CEO, BuzzLogic, Avinash Kaushik, Author, Blogger, Analytics Evangelist, Google, Shahar Nechmad, Founder and CEO, NuConomy, and David Veneski, representing demand from the brands at Intel. These guys were smart.
Although I wasn’t there, apparently the first panel on this topic broke the rules on panels (pushing their products) and didn’t give the audience what they wanted, and we had a fiery conversation. Essentially, we pushed why measure, starting with questions to the brand side, as you may know Intel, a culture of engineers takes measurement very seriously, then learned about the different types of measurement from NuConomy’s X Engagement measurement, Google’s Web Analytics, and Buzz Logic’s Influence measurement style.
[Although Social Media Dashboards tell us key health readings, to be successful, brands need "GPS" to find out where are you headed, where are you now, and where are you going. Measure against an objective]
I questioned them to prove that their methdology was really going to help brands know if this triggered a true conversion all the way to buying cycle –they group could not prove it except with one off anecdotes. This is not a fault of the panel at all, but a major challenge with social media marketing –it’s generally unproven.
Also, FM (who have fielded some impressive campaigns) launched a brand new metrics dashboard called the Conversational Marketing Toolbox that aggregates data from many conversational sources (including Twitter) and was one of the first aggregated dashboards that I’ve seen out of the box, I certainly will take a closer look. I’ve seen the measurement dashboards of quite a few social media measurement companies, and have also advised large brands on how to configure their own dashboards internally, and I’ve noticed a trend across many of them.
Everyday we prescribe the POST methodology (someone published some slides), essentially, we want brands to have an actual objective before they set off and and experiment with social media tools. The same applies here:
The one piece of insight I provide them, and now you, is that social media measurement is like driving a modern car. You may have a dashboard with all the lights, toggles, gauges, and metrics, but remember, the most important piece of data to have in front of you is the GPS screen. The GPS screen indicates where you want to go (your objective), where are you now, and how to get there.




Thanks to Brett Crosby for taking these pics of the panel yesterday.
This entry was posted on Thursday, October 16th, 2008 at 2:33 am and is filed under Social Media Measurement, Web Analytics. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
-
Tim Wilson
-
jeremiah_owyang
-
ray
-
Jason Alexander
-
Whitney Mathews
-
Jodi McDermott
-
Joe Cothrel
-
Yann Ropars
-
dominic
-
frank
-
jeremiah_owyang
-
Rob Murray
- Advertising
- Advocacy
- Aggregation
- Altimeter
- Analysis
- Analyst
- API
- Asia
- Augmented Reality
- Blogger Dinner
- Book Review
- Career
- Case Study
- Challenges
- Citizen Journalism
- CMO
- Collaboration
- Community Manager
- Community Marketing
- Conference
- Content Management System
- Content Management Systems
- Culture
- Curated Social Content
- Data Portability
- Data Storage
- Digest
- eCommerce
- Economy
- Enterprise Web
- Ethics
- Europe
- Events
- Extranet
- Facebook Strategy
- Fansumer
- FAQ
- Feedback
- Forbes
- Forrester
- Funding
- Future of Social Web
- Generations
- Geo Tagging
- Global Web
- Groundswell
- Hitachi
- Hitachi Data Systems
- Identity
- Industry Index
- Influence
- Information Architecture
- Intelligent Web
- Intention Web
- Interactive Marketing
- Interview
- Intranet
- IPTV
- IT
- Job Survey
- Legal
- Live Video
- Mashups
- Media 2.0
- Microformat
- MicroMedia
- MicroMeme
- Middle East
- Mmorpg
- Mobile
- MySpace
- Non Profit
- On the move
- Open Research
- OpenSocial
- OperationBluewater
- Other
- Personalization
- Platform
- Podcasts
- Podtech
- Politics
- Pollination
- PR
- Privacy
- Process
- Publication
- Quicktake
- Reading Sampler
- Real Time
- Rich Media
- Ruminations
- Search Strategy
- Second Life
- Security
- Silicon Valley Sightings
- Site Updates
- Social CMS
- Social Computing
- Social CRM
- Social Gaming
- Social Graph
- Social Media
- Social Media Job
- Social Media Measurement
- Social Media Services
- Social Media Stats
- Social Networking
- Social Strategist
- Social Support
- Socialgraphics
- storyboard
- Support
- Sustainable
- Syndication
- Technographics
- Technology
- Travel
- Trends
- User Experience
- VCs
- Venture Capital
- Video
- Virtual Events
- Virtual World
- Voice of the Customer
- VoIP
- Walkthrough
- Web Advertising
- Web Analytics
- Web Design
- Web Industry
- Web Law
- Web Marketing
- Web Strategy
- Web Strategy Show
- Web Team
- Web Theory
- Web Tools
- Web Usage
- White Label Social Network
- Widget Strategy
- Wireless
- Word of Mouth
- Word of Mouth Marketing
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- June 2009
- May 2009
- April 2009
- March 2009
- February 2009
- January 2009
- December 2008
- November 2008
- October 2008
- September 2008
- August 2008
- July 2008
- June 2008
- May 2008
- April 2008
- March 2008
- February 2008
- January 2008
- December 2007
- November 2007
- October 2007
- September 2007
- August 2007
- July 2007
- June 2007
- May 2007
- April 2007
- March 2007
- February 2007
- January 2007
- December 2006
- November 2006
- October 2006
- September 2006
- August 2006
- July 2006
- June 2006
-
Jobs for the Web Strategist- Sales Director at GasPedal (Chicago, Illinois)
- Digital Marketing Strategist at Imagination Publishing (Chicago, Illinois)
- Social Media Marketing Strategist - Spanish Speaking at Crimson Consulting Group (Los Altos, California)
- Yahoo! News Social Media Editor at Yahoo! (Santa Monica, California)
- Online Editor - Marketing and Communications Department at Environmental Defense Fund (District of Columbia)
- Community Technology Manager at The Washington Post Company (District of Columbia)
- Fees from these job postings pay for web hosting
My Flickr Photos
About
Jeremiah Owyang
SF, Silicon Valley
Partner, Customer Strategy
Altimeter Group
Columnist for Forbes CMO Network
Client Disclosure Policy















Connect with Jeremiah:- twitter
- friendfeed
- linkedin
- flickr
- technorati