On the phone with @jtobin we met up at SXSW too. 2 hrs ago

Archive for the ‘Analyst’ Category

Two weeks ago I crossed the one year mark as an industry analyst, in retrospect, I approach the role differently than others before me. Recently, Forrester published a report signaling evolution to the Connected Agency, and states that agencies of yesteryear will evolve from ‘pushing’ messages to ‘pulling’ interactions and faciliating conversations. I know the same evolutionary steps applies to analysts, but to be clear, these tenets are just my opinion, and doesn’t necessarily represent that of any others.


[Rather than analyze from afar, the connected analyst should listen, join, and lead the online discussions in the market they cover]

Summary
Social technologies allow individuals to connect and get what they need from each other rather than from institutions –including analyst firms. Rather than analyze from afar, the connected analyst should listen, join, and lead the online discussions in the market they cover. As a result, they will be a trusted first resource to their market, and a profitable investment to the firm.


The 7 Tenets of the Connected Analyst
The connected analyst should:

1) Conduct community based research
The connected analyst’s relationships to the market using social technologies that the research subjects, vendors, and end users are at links reach. The connected analyst will use social media tools to improve the research process by: finding topical hot spots, conducting social research, and then promoting the findings using the same tools. Learn how crowdsourcing helps some –but not all research activities.

2) Lead the online discussion
Industry analysts are paid to learn, think, and provide guidance, as a result a tremendous amount of tacit knowledge is left outside of the reports. In this Google world, thought leadership can be measured by links, and the connected analyst should use social tools to lead the conversations in their marketplace –not just behind “paywalls”.

3) Be an accessible and transparent public resource
The connected analyst listens, responds, and helps the market they are part of. The connected analyst could provide indexes, digests, wikis, and other online resources to help the market find information –include pointing to other sources. The connected analyst will provide a behind the scenes look at the research process, findings, and interesting meetings.

4) Allow for community feedback
The connected analyst knows they can always improve, and is on a mission to constantly increase their insight, as well as improve how they relate to others. The connected analyst should allow for public feedback, ackwnoledge valid criticisms, and improve.

5) Converse with competitors
The connected analyst is on a quest for knowledge, and recognizes that smart analysts are not just at their firms, as a result, the connected analyst will participate in public discourse will fellow analysts, and is always gracious and respectful. Also, when findings from multiple independent research firms point the same direction, this can only reinforce market direction.

6) Be human
The credo of some analysts is to be god, yet ironically, like all humans, come with many faults (just ask my wife). The connected analyst should quickly correct mistakes in public, learn, then grow. Oh, yeah, it also helps to have a sense of humor once in a while.

7) Be profitable
All of the above tenets make the connected analyst more relevant, a public thought leader, and therefore, more likely to be a first resource to their industry and clients. Although laborious, the connected analyst must be a profitable investment for the firm by extending their thought leadership, I make sure this is top of mind.


So how well am I doing? Not that great actually, looking back at my tenets, I need to improve on 3 of the 7 tenets: I should join more conversations where they exist, run a public survey to get market feedback on my efforts as an analyst, (maybe analyst watchers Carter Lusher or Jonny Bentwood will survey on my behalf) and I’m not as accessible and responsive to the market as I want to be, but I simply can’t scale more than I am now.

I look forward to your feedback below, what’s missing? Is this a good approach for analyst firms?

Briefings are a core part of being an analyst, this constant input fuels me with new ideas, examples, and vendors to recommend to our vast client base in our inquiry calls, speeches research reports, and even blog posts.

I want you to be effective and efficient in your communications, although keep in mind that each analyst may have their own preference.

Thanks to all who have requested briefings to meet with me, here’s a few things to know that’ll help you to quickly communicate your value proposition to me, so I can best understand your company. First of all, see this list of the dreamteam, in many cases, I may not be the right analyst to cover your company. In most cases, I’m limiting my briefings to 30 minutes rather than an hour, if you can’t communicate your value in that time, we’ve other issues to consider. Powerpoint slides are good, but only as a supplement for discussion, allow me to ask questions, I can learn far more when it’s a dialog. Rushing through your presentation just to make sure you hit each slide isn’t going to do you –or me– any good, I can read slides on my own.

Lately, my schedule has gone awry, (my lack of blogging is one indicator) and I’m on average 30 days out for most briefings. I’m very unlikely to blog about your announcement for a few reasons: 1) I leave that for the smart bloggers with far more traffic and press folks to break news, but I’m happy to provide them with 3rd party quotes 2) In most cases, I just don’t have the time. With that said, I’ll likely link to an announcement from Twitter if I think it’s relevant (so be sure to include URLs).

As an analyst, I serve the Interactive Marketer at Enterprise class companies, and I primarily focus on social media, with a primary focus on social networks, communities, widgets therefore, on a briefing, I’m going to filter your company that way. I’ve been getting quite a few briefing requests, I hope this helps you to understand how to best approach me.

I really look forward to learning about your company, I hope these suggestions help make your time –and mine –efficient and effective.

I’m writing this from 30,000 feet as I fly back from Chicago to SF, it took nearly 2 hours to clean out my inbox, and that’s not even my personal one.

Thank you for all the wonderful suggestions and kudos for hitting my one year mark, without a doubt the demand for social computing research, inquiry (client calls) and vendor briefings is increasing.

If you can’t tell, we’re working overtime to make sure our clients are happy and we’re completing research. Frankly, I’m a bit behind on where I need to be, and am putting in extra hours to get caught up on the wave report, take excellent care of my clients (I really love helping folks), being part of the conversation, and watching –and commenting on the industry.

You’ve probaly noticed a decrease in my blogging and believe me, I’m learning so much and have a lot to share, but things are getting pretty busy, I’m getting close to the burn out stage.

Some vendors are getting impatient with me as my briefings dates are getting pushed back to Nov, travel has been heavy, and I go to Japan, then Dallas this month for Forrester’s Consumer Forum.

So, to be upfront, I want the market to know I’m not the only guy, in fact, Forrester takes this space very seriously, (learn about our first team meetup), and with the recent acquisition of Jupiter Research, and I’d like to introduce to our other analysts focused on this space:

Josh Bernoff: Do I really need to introduce him? He’s one of my favorite people at Forrester, and we’ve become friends, if you’re looking for the strategic view, he’s the guy, and has a long background in media. Like me, Josh serves Interactive Marketing professionals

David Card: Hailing from Jupiter, David has a strong background in media, and when we had drinks a few weeks ago, it was quickly apparent he’s very quick and will speak his mind –as an analyst should.

Laura Ramos: With a strong focus on B2B Marketing, Laura gets how companies (esp tech) need to approaching social computing in a strategic web, we’ve done a few projects together, and have more to come.

Emily Riley: The reports I was the most impressed with from Jupiter were Emily’s, she and I have covered quite a few of the same topics but our insight and recommendations were very similar.

Steven Noble (APAC): Having recently joined the Forrester team, Steven is in Australia and covers the Asia Pacific space, covering marketing, and has a strong focus on social computing. Also like me, he serves the Interactive Marketing professionals

Oliver Young: Is one of the top minds when it comes to Enterprise 2.0, and we frequently talk in the Foster City office. He’s a strong analytical mind, and can spot weaknesses quickly, if you’ve enterprise focused products, talk to him esp if your a Vendor Strategy Professional.

Rob Koplowitz: Also covers the Enterprise 2.0 space, and has a strong background in serving the Information & Knowledge Management professionals

Gil Yehuda: Also new to Forrester, Gil has impressed me with his passion for enterprise 2.0 and how it impacts internall communications. He practices what he preaches and coordinates many of our internal discussions on the topic of social computing. Gil serves Information and Knowledge Management professional.

Mary Beth Kemp (EMEA): Her coverage succint, her wit and charm impressive, Mary Beth has a strong focus on serving Marketing Leadership professionals.

Rebecca Jennings (EMEA): Has done quite a bit of social computing research from a European aspect –and has quite the cool accent. She serves the Interactive Marketing professionals

Nate Elliott (EMEA): Although I’ve never met Nate, we chatter on Yammer, Twitter, and the occasional email. He’s an expert at marketing and advertising, and has a strong nose for social media, Nate’s based in Germany as I last recall.

Suresh Vittal: Although he serves the direct marketer, Suresh is now picking up the brand monitoring space, which would of course include companies that are measuring, monitoring, and reporting on social media.

Barry Parr: When I have questions about media, I’ll turn to bay area local Barry, as a former media executive, Barry knows how media –and technology are intersecting. I hear he also cooks an award winning cheesecake.

Mike Gualtieri: Mike and I started Forrester at the same time, and as an analyst serving the Application Development & Program Management professional, he’s published research on Software, Mashups, SOA, and website infrastructure. I remember our white board talks on AJAX when we were in training, I’d turn to him first if I had questions on the technology side of the space.

Many other analysts: I’ve noticed that the social computing topic is crossing over to other analysts that cover other roles, most recently, I was impressed with Sarah Rotman Epps report on the intersection of social media and traditional media companies. It doesn’t stop with her, there are over 300 reports with the keyword social computing, and over 600 reports with the keywords web 2.0.

There’s a ton of other folks that I didn’t mention, such as researchers, consultants, and our management team, inquiry team, briefing team, marketing, pr, and of course helpdesk!

Also, did you know our CEO George Colony is blogging? He’s on Twitter too, and as I’ve mentioned before, we’ve hired a community manager, John Cass, find him on Twitter.

Hmm who did I miss? I’m sure a quite a few others.

Some have commented to me that I link a lot to Forrester (I recently learned that I’m the fourth top referrer to Forrester.com) , but I link to many other firms too, and point to any research that’s relevant in my space.

Key takeaways: I’m doing all that I can to serve the industry, but I’m just one guy, that’s having a hard time scaling. While I may be very visible, Forrester takes this space seriously and has the all-star team that’s watching this space, get to know us!

One Year as a Forrester Analyst

Categories: AnalystPosted on October 1st, 2008

Today marks my one year anniversary as an industry analyst at Forrester. It’s been an amazing journey so far, from conducting research to presenting it, advising clients, traveling the world, and following my passion for the web. I’ve learned a lot, messed up a few times and self-corrected (or have been market-corrected), met amazing leaders in the social space, and have helped brands and vendors move forward. Analysts are known for being critical (both positive and negative) of their market, and I certainly have given my fair share, now’s the chance for you to critique me back. I’d love to know what you think I could do better to improve as an analyst, a blogger, and as a professional, I’m listening.

Welcome Gartner Analyst Blogs

Categories: Analyst, Social MediaPosted on September 11th, 2008

As of yesterday, Gartner analysts are now able to blog about topics related to their industry, judging by their posts, this looks like an internal battle they were finally able to win, fantastic news. In light of their upcoming Web Innovation Summit (see the official blog), there is a great deal of focus on social media, the cloud and web 2.0. For many IP companies, making decisions on whether to join the company always requires some degree of uncomfort and a whole lot of trust.

While Gartner has official corporate blogs (as most analyst firms do) the following list of Gartner blogs appear to be personal blogs maintained by individual analysts, I’m great at lists, so here’s a start.

Mark Driver, focus on large scale distributed computing and web technologies.

Ray Valdes, Vice President, Engineering, 2 years, his research on social software is interesting to me.

Gene Phifer: Managing VP of Web Technologies Group

Jeff Mann: As VP of Research, Jeff has a personal blog, but discusses analyst related duties from his Twitter account. Aside from being interesting, he’s been a real gentleman towards me.

What’s interesting in Gene’s comments is that he writes the following: “Thanks to all for the welcome aboard. Several of us have been chomping at the bit to get out into the blogosphere. Stay tuned–the last I heard about 50 Gartner analysts will be joining me”.

As a friendly tip to these new bloggers, I always reccomend to my clients to use Feedburner in order to track growth of subscribers –a great way to measure the ROI of your efforts, but it’s important to do it now from the start, to accurately benchmark growth.

I believe in being a gentleman in business and want to lead community, not break it –it always seems better to respect competitors, and to get energized when they do something interesting. When we’ve smart people from multiple areas of the industry sharing online and talking, the hope is that new information can be shared, confirmation of existing premises, or new ideas can start to form, or at least that’s my answer to Carter’s question. Please take the time to welcome Gartner’s analysts to the conversation, I look forward to being in dialog with them.

Should Analysts use Twitter?

Categories: Analyst, MicroMediaPosted on September 10th, 2008

I was recently asked this by a fellow analyst: “I don’t get Twitter, should I use it?” Well first of all, the mechanics of the tool are pretty simple to use, you simply share with others like you would in a chat room. In fact, despite my heavy volume, I’m strategic in my usage, see how I use Twitter.

Often, analysis do a great job of analyzing and researching their assigned market, they forget to look inwards, this guide should help.

Survey your environment
Since you’ll never understand microblogging till you try it, to truly understand, you’ll have to dive in. Since analysts tend to be calculated in their ways (understatement) here are three questions to answer that will help you make your decision to dive in, add one point if you say yes to any of the following three criteria:

1) Is your research market using microblogging tools? For example, at Forrester, we’re role based research, this means I’m conducting research for the Interactive Marketer, and others may be researching for the Enterprise Architect, or the Security & Risk professional. For those that are industry focused (see twitter packs), you’ll have to conduct a survey (or use the search tools) to find out who’s using them. BusinessWeek reports that the CEOs of Mzinga and SocialText (companies in my space) are connected with me.

2) Are your clients using microblogging tools? If your customers (those that buy your reports or services) are using these tools, then as a responsible product manager you’d best understand your customers by listening to them, conversing with them, and understanding their needs. For example, I know my clients (interactive marketers) at tech companies here in Silicon Valley are using twitter, and it’s spreading to other industries. In fact, I’ve made it a habit to ask at my inquiries if folks are using twitter, and for now, after asking 20 clients, the rate is over 75% (estimate)

3) Is it your job to analyze communication technologies or their impacts? If your job as an analyst is to understand and measure the impacts of technologies on communication, then you’d better add a point to this assessment. My job is to cover social technologies and how they impact business and relationships with customers so there really is no question.

The simple scorecard
Twitter is simple, and so shall this scorecard:

If you scored one point, then you should experiment with these tools, perhaps create an account that doesn’t reflect your full name and experiment with the mechanics.

If you scored two points, you should do the previous experimentation, then begin a trial period of at least 30 days to test the tool out. Add folks in your market to follow, and start to converse.

If you scored three points, you should take a proactive approach and plan on integrating this tool within your work life. This isn’t suggesting that you tweet 20 times a day, but you should at least take an active approach on monitoring and observing the market you cover –and those that are buying your research and services from.

Caveat
Despite having a base of 11k followers, I never use Twitter for quantitative research, instead, I rely on Forrester’s survey methodology. Read more about how I use –and don’t use– social technologies for my own research.

See this list by Carter Lusher, a list of analysts that Tweet. It would be helpful if Carter had another column for the analysts coverage area.

There’s been a lot of trash talk about the PR industry (again), this time a small group of successful CEOs (and VP bloggers) claim they don’t need public relations efforts. When you look closely, you realize, this is true, as they’ve primarily made it part of their ongoing effort as media experts –they’re using their own tools to reach out to folks. On the other hand, most companies don’t have CEOs that can afford to constantly be part of ‘the conversation’ or have time to be interacting with influencers all the time.

I’m a faithful listener of For Immediate Release Podcast Series with Shel Holtz and Neville Hobson, and they’ve been discussing this on the last few episodes.

Having observed this for a few years, it’s become very clear to me that the PR industry suffers the cobblers’ children syndrome. PR, an industry designed to help companies and industries have an improved reputation is inflicted with a bad reputation of their own. Why doesn’t the PR industry self promote their own value? Physcian, heal thyself! (I added this paragraph after I posted)

As an industry analyst, here’s where I’ve noticed a difference between companies with PR and those who don’t:

Ability to hire PR services is sometimes an indicator of maturity
I’m mainly looking for briefings from companies that are ready for prime time. They are established, have a solid product, and are ready for adoption by Fortune 5000 enterprise companies. These companies don’t have time to deal with a startup that may not last the test of time, or have weak infrastructure. As a result, often established companies may have significant funding, or a revenue stream and thereby are able to afford a few thousand dollars a month for PR services. Having PR services is one indicator that a startup is beyond the garage (but not always)

Outsource listening, but don’t replace –enhance
Secondly, some PR folks at companies have an actual job to follow all the tweets and blogs posts of analysts (wow what a job, yikes), but they don’t just have to watch analysts but also, media, press, bloggers as part of their full time job. Since a lot of what we do (myself included) is likely noise to any specific person, the role of PRs job to listen makes them a valuable filter, who can bubble up key findings to the client. The only caveat being is that startups should of course monitoring and part of the conversation, you can’t completely outsource this.

Sometimes, they have successful pitches
Setting up meetings and the pitch. PR folks are professionals at pitches (granted, many of them are sub-standard) and going to be pitching to me, I’ve found that many who get me to respond know my coverage area (social networks, community platforms, applications, widgets) also pay attention to my schedule and know when to reach to me. Some savvy PR folks know that they can automatically submit to my weekly digest of social networking events –making their clients happy

Benefit from refined communications
Also, I’ve found that during briefings, companies that have PR services often do a better job at communicating to me. How is it different? The entrepreneur without professional communications help may often yammer about how great their technology is, or spend time sharing his passions. The entrepreneur who has professional communications help often focuses on business solutions, able to talk at the market level, and puts the value statement right up front. They’re trained, rehearsed, and more refined in presentations.

Truly successful PR pros become –then lead– the community they represent
Some PR folks have become their own hubs. What’s this mean? They should up to so many tech events, that they’ve developed real relationships with influencers regardless of who their client list is. There’s a handful in silicon valley you can identify at any event or party, they literally are “hubs” and people are constantly surrounding them. These folks throw their own parties (regardless of who their client set is) introduce folks (regardless of who their clients are) and are active members of the community, as a result, they are trusted, connected, and more effective with their relationships. I’m much more likely to respond to them as they are here for the long term, and I build a real relationship with them over the years.

This is just my perspective, as one industry analyst, so you’ll have to do your own research on how to spend your marketing dollars. It is very important to note: no company, regardless of how busy they are, should completely outsource listening and talking to the market, they way I see this is PR is a competitive edge over those that don’t, or if your communication skills need improvement.

teampic2 Above Photo (Click to view notes): The combined Forrester and Jupiter Social Marketing and Social Computing Research teams (missing: Christine Overby, Nate Elliott, Tom Grant, Laura Ramos, Peter Burris, Steven Noble, Rebecca Jennings, Lisa Bradner, and Tom Cummings.)

The last time I participated in an acquisition I was part of the company that was getting bought, it was exciting –yet very scary.

The last two days, I’ve been relatively quiet online (despite my trying to start some rumors on twitter) as Jupiter and Forrester research teams met for the first time at Cambridge HQ. We had folks travel from Amsterdam, Paris, NY, Silicon Valley, as well as teleconferenced in from London and dial in from Silicon Valley.

Although this is just the start of a long road, this is significant in a few ways: 1) This is perhaps one of the largest research teams assembled at an analyst firm that’s primarily focused on the impacts of social computing to marketers. Although there are 16 analyst that we’ve identified as covering some aspect of the social space, not all focus on it full time as I do. 2) This was the first group of many within Forrester to integrate and ‘mashup’. It only seems fitting that a group focuses on ’social’ would be the first to try. 3) The combined brain power yielded some interesting insights to where this market is currently and where it’s headed, while size doesn’t always indicate quality, with this larger team we can dig deeper into very specific areas of social media.

Many of us are going to blog our perspectives (I’ll link to them below) from both Forrester and Jupiter sides, so I’m just going to speak for myself. The key takeaway for is that we’re more alike than apart. While the Jupiter analysts would often approach the problem at a different angle than we were used to thinking about, almost always we would end in ‘head noding’ when it came to insights, findings, and recommendations. It was good to get to know Emily Riley, Michael Greene, David Card, Barry Parr, (Nate Elliott wasn’t able to join us) as well as some fellow Forrester colleagues I don’t get to see that often. I was particularly glad to meet Emily Riley, who’s research on communities, influence, and marketing were both impressive –yet strangely familiar in insights (and confirmation) as our own findings.

Aside from the fact that we got to know each other and were able to share a common bond for analyzing the same area, we were able to focus in on future research topics, take inventory of our areas of coverage, and socialize the POST process, Technographics, and learn about each research culture.

Now back to my story about getting acquired, it was at the tail of the dot bomb in Santa Clara, right in the heart of Silicon Valley, I was a junior web professional, working on the UI for the enterprise intranet at Exodus Communications, the company was falling at a rapid pace after a meteoric climb. We were snatched up by British Cable and Wireless, and spent the next few months integrating and filtering people, tying together systems, and eventually becoming one entity that is now still in existence. I remember so many questions being unanswered, uncertainty and my boss John Perera constantly telling me to ‘embrace change, embrace change’.

Recently, I’ve spoken with a few clients who’d expressed concern about a few of our very smart analysts moving on, and I asked them what could I do to reassure them that we’re still heavily focused on giving them the same insights as before, and we agreed that we should transparently blog about the two new teams coming together, so I’m making it a point to do just that.

To be clear, this is just the start, and we’re all going to ‘embrace change’, as we’ve identified many areas that we’ll have to work on as a team, there is some overlap of coverage, we all have individual approaches to the same problems, and the mixing of any two cultures will take time to settle. The key that we were able to come together, stand on common ground, and agree to move forward to deliver quality research that will help our clients make the right decisions. Personally, I’m reinvigorated and looking forward to what comes next.

Updates:
I’ll be linking to my colleagues perspectives as they appear. It’s refreshing to hear their honest takes on the last two days.

  • Aug 29: Emily Riley writes she’s Going Corporate, and observes my silicon valley lens.
  • Aug 29: David Card changes colors by Going Green, Embracing the Groundswell, etc, First Take, he notices the process too. Yup, but like good jazz, structured chord changes allows for amazing improv solos. The first step is to learn those chord progressions.
  • Aug 29: Blend master Josh Bernoff declares “It blends”
  • It was good we all met, I just got a project come in the day after the meeting that needs more than my expertise, I sent an email to David with details.
  • Below are some picture from the last two days which include some rare pictures of the research team at 400 Technology Square.

    0827200881708262008812blender08262008811P8260113onsitejoshPreparing for the picture

    Many of these pics were taken by Zach Hofer-Shall, who uploaded to our internal wiki, which I then snagged and put on Flickr with attribution.

    gartner-generation-virtual-engagement-levels-june-2008
    Above Image: Gartner’s Generation V Quadrant, found via Marketing Charts.

    Gartner: Generation Virtual not defined by demographics
    Gartner has recently published research on the topic of “Generation Virtual” (Generation V) which essentially define as two things: 1) This generation isn’t specified by demographics (age) but instead by technology usage. 2) There are four major behaviors

    Gartner suggests that Generation V isn’t a demographic categorization, but instead behavioral:

    “Unlike previous generations, Generation Virtual (also known as Generation V) is not defined by age — or gender, social demographic or geography — but is based on demonstrated achievement, accomplishments and an increasing preference for the use of digital media channels to discover information, build knowledge and share insights.”

    This is an interesting notion, but I’d suggest that having a demographic overlay is actually very important. First of all, demographics are how brands develop personas of who they are trying to reach, bucketing all internet contributors into one classification may be too broad. Secondly, within Generation V, demographics influences the different tools they use. For example, youth may be more inclined to participate in Club Penguin, while an older professional may be more inclined to participate in Linkedin or Xing –demographics do matter. We focus on Social Technographics, which is also behavioral yet closely tied to demographics (age, country, gender, etc).

    Gartner: Four major behaviors with Generation Virtual
    Secondly, Gartner focuses on four different behavior types: creators, contributors, opportunities, and lurkers:

    “Gartner has identified four levels of engagement within Generation V, addressing both the extent to which customers will engage with other customers, as well as the level of engagement needed from businesses to enable the community. The four levels of engagement include: creators, contributors, opportunists, and lurkers.”

    This is a helpful segmentation, it indicates that while Generation V composes of a movement of those participating, there are different levels to each behavior. One suggestion is to forgo the term “lurker” (reminiscent of someone standing in the shadows) and instead focus on “spectator”. We note that there are other behaviors beyond the four listed, such as creators, critics, collectors, joiners, spectators, and inactives. Furthermore we do not view these behaviors as mutually exclusive, a creator on one site could be inactive on another. They suggest only a limited number of activity per each behavior:

  • “Up to 3 percent of individuals will be creators, providing original content and can be advocates that promote your product and services.
  • Between 3 percent and 10 percent of individuals will be contributors, essentially followers, who add to the conversation, but don’t initiate it. They can recommend products and services as customers move through a buying process, looking for purchasing advice.
  • Between 10 percent and 20 percent of individuals will be opportunists, who can further contributions regarding purchasing decisions. Opportunists can “add value” to a conversation that’s taking place, while walking through a considered purchase.
  • Approximately 80 percent of individuals will be lurkers (and all users start as such), essentially spectators, who reap the rewards of online community input, but only absorb what is being communicated. However, they can implicitly contribute and validate indirectly reporting the value from the rest of the community.”
  • I’ve not read the full report to get the context (but would like to) but his coverage seems to slant the CRM side. I believe it’s important to note that demographics indeed influence behaviors, see this technographic profile tool, and you’ll quickly notice different behaviors, with an increase in adoption from those younger –particularly see the US charts.

    Gartner’s Analyst Adam Sarner does an excellent article featured in Forbes that lists more, it’s a good read with some very practical recommendations. I hope to meet Adam someday (see his Gartner profile), and discuss communities more in detail.

    To Consider: Demographics do matter
    In summary, while this breakdown of “Generation V’ is certainly telling of where things are headed, demographics are critical, as behaviors and where they participate will radically differ.

    As an analyst at Forrester Research primarily covering social networks and communities for interactive marketers, it’s confirmation to hear of other analyst firms discussing my same coverage area. For some, it may seem counter-intuitive for me to discuss about another firm’s work, but it’s important to me that I provide helpful information to my network, regardless of source, and hopefully they’ll continue to trust me and come back to me –even when I send them away.

    Update: There’s more conversation on Friendfeed. Carter Lusher (analyst watcher) is impressed we can have a civil discussion, why couldn’t we? Also, I’ve made some edits to this blog, post-publication around the area of indicating that our technographics is tied to both behavior and demographics, and discussing how our behaviors (creators, critics, etc) are not mutually exclusive to provide additional explanation.

    Left Image: Here’s some sample data that is derived from NACTAS 2007 North American Social Technographic Online Survey.

    Although I primarily rely on the proven Forrester Research methodology, when it makes sense, I tap into my network to discuss concepts and get examples. While only a part of methodology is evident to the public (what you see on this blog, or on twitter) this post will make it crystal clear what works –and what doesn’t.

    Forrester methodology
    For all of my reports, I follow the research methodology that many other analysts have used before me for the past 25 years. This tested process may involve analyzing Forrester’s large technographic and consumer data banks, work with our data research team, conduct interviews, surveys, talk with clients (buyers), talk with vendors (sellers) discuss with fellow analysts, venture capitalists, and research online –it’s a thorough way to see the market holistically.

    A social computing analyst uses social technologies
    As an analyst that covers Social Computing for the Interactive Marketer, it’s natural to use the very tools that I’m researching –in fact, it was one of the factors in how I earned the role. Using the tools is a great way to learn what works and what doesn’t, a key step before I make recommendations to clients. Also, this blog serves as a supplamant to clients as well as myself, for example I’m known for building many “industry index” lists in the space, it helps me to keep track of who’s doing what, and since I screen each submission, the signal to noise ratio is higher than a wiki.

    In tune with my market: the Interactive Marketer
    At Forrester, we’re client centric, and as such, I serve the Interactive Marketer. Recently, we ran a survey of my blog readers, and found out that the largest group of my blog readers (14k subscribed) are interactive marketers or work at an interactive agency. Also having a twitter network of 10k followers is an amazing resource. Fortunately, this audience is a match to the role that I serve, making the following two uses cases possible:

    When crowdsourcing makes sense
    These tools make it easy to flesh out concepts and find examples –but deeper research is always required, here’s some examples where it does work:

    Use Case 1: Fleshing out concepts
    I’ve found that asking questions from my blog and from my Twitter account are helpful for certain information gathering, but not for other needs. For example, I used a discussion on my blog and twitter from social media experts to vet a definition for the term “Online Community”, given this is the crowd of experts on this topic (and they are very willing to collaborate), this was an appropriate way to use this. I then scrubbed the answers, and was able to extrapolate the general key ideas (crowd sourcing is often rough on the edges) and come to agreement with my editor. In the endnotes of the report Online Community Best Practices we referenced the crowdsourcing effort. Please note in that report Online Community Best Practices, I interviewed 17 companies, and relied ton Technographic data, a standard procedure in report methodology –less than 5% of the report was crowdsourced

    Use Case 2: Finding case studies and examples
    Also, Forrester reports are chockfull of examples of companies doing it right –and wrong. Given my network is tuned into what’s happening with brands and social media, I can easily get an answer if I don’t know it. It’s a direct example of using a social computer (and since my coverage is on social computing) this is a good fit. Of course, finding the examples is just the start, often, I need to understand the case study, and that often involves a typical research phone interview.

    For both of the above use cases. additional follow-ups and analysis are required.

    Traditional methodologies are core
    Asking my blog readers and twitter followers to provide broad responses that represent mainstream North America, Europe, or Asia isn’t effective. Fortunately, Forrester has a great deal of Technographic data (we’ve large data teams) at my disposal around user behaviors and consumer preferences –I don’t need to crowd source crowd source to get this, and rely on this for my data collection. I’m currently focused on a Forrester Wave of the online community platforms, this particular methodology does not call for any social media use –I’m using a tried and true methodology, learn more about it on the Forrester site.

    Sometimes, I engage in discussion on twitter that appeals to me personally: movies, music, events, art, sports, and occasionally politics. Being the curious individual I am, I’ve been known (before Forrester) to ask questions of my network and get responses –if’s a fascinating use of social media. Although some may not see the separation, it’s important to note that these discussions often have nothing to do with my role as an analyst.

    Summary:
    I primarily rely on Forrester’s data, process, and methodologies that have been tested and refined over the last 25 years. This includes input from our large survey data, interviews, client meetings, vendor briefings, and talking with fellow analysis. When it makes sense, I can rely on my large network of Interactive Marketers and Social Computing experts to flesh out concepts and find examples –although additional analysis is almost always required.

    As I discover new ways to use these tools, I’ll update this post, I’d love to hear your responses

    Graded by Analysts

    Categories: Analyst, RuminationsPosted on July 29th, 2008

    Way back in the start of my career, I was a lowly UI designer for a customer facing web application –an extranet called MyExodus. Sitting with a team of engineers, my job was to help deliver a consistent, usable experience that would help our clients quickly ascertain the status of their web hosting systems.

    I remember how management would scramble, hustle, and work hard to meet the demands of an Analyst Research firm that was reviewing our product –I was involved in helping to scrape together presentations, gather the right screenshots, and mockup scenarios of where we were headed on the roadmap. Tier 1 Research graded our product (along with over a dozen others) and I remember how stressful it was for us to deliver all of this, show our secret sauce, let them take a peek behind the curtains and letting management beam or scour with the results. It felt exposing, but helped us in the long run, as we knew where we stood in our marketplace, and what we had to improve on.

    As I embark on this Forrester Wave Report for Community Platforms, I’m just reminded of what the experience was like.

    So if you’ve ever been graded or rated great or poorly by an analyst, I just want you to know, I remember what it was like on the vendor side of the table, but I won’t let it deter me from doing an objective analysis.

    Oh, if you’re wondering how we did, we scored pretty well in out category, esp in the UI rankings –I was proud and it was a bullet point on my resume. Of course, Exodus is long gone (although I tell my story here), the remnants were acquired by Cable and Wireless.

    Earlier this week, I spoke to a group of AR and PR professionals, and one gentleman from an agency indicated of an interesting phenomenon that was happening among some press –they’re starting to act like analysts.

    Mainstream Press acting like Analysts
    Apparently, some press are demonstrating their subject matter expertise in some areas, and are interviewing analysts and vendors but publishing the findings as their own insight –at the coaxing of their management. The gent suggested that some press are evolving to be more like analysts, forming their own opinions with the story. This isn’t anything new, we’ve seen editorial columns do this for decades, take Mossberg, for example.

    Analysts act like Mainstream Press
    While some analysts would find this downright encroaching, I embrace this type of change, why? Well, many analysts are starting to act more like press, with the advent of blogs. Aside from myself, there are many other analysts that are using blogs to respond to industry news, in fact many analysts have been doing this for sometime. Some press pick up on this, and directly quote off the blog posts, saving a typical phone call. Take for example respected analyst Michael Gartenberg of Jupiter Research who regularly publishes his take about changes in the mobile and social world, in this recent blog post, he gives his take on the new iPhone software, there’s enough info for a reporter to glean quotes without a call.

    Bloggers act like Analysts
    On the flip side, blogger Louis Gray, and Marshall Kirkpatrick day in and day out flex their analytical chops over the social media space writing from their blogs. They dissect products, find out what makes them tick and publish their take (often with recommendations) that many follow.

    Bloggers become Mainstream Press
    I get a real chuckle out of “blogger” Robert Scoble (friend and former colleague) who wails about how Tech Blogging has failed us. To me, this is ironic, while he uses the consumer tools like blogs/video/twitter, he’s actually more akin to mainstream media. As the VP (management) at Fast Company (mainstream media), he has access to the technology leaders, CEOs, and has a total readership greater than many local newspapers. Of course, we know Robert had a humble start, but now, large media brands are either hiring bloggers, or encouraging their journalists and editorial staff to use these tools.

    Mainstream Press become Bloggers
    For effect, let’s examine Kara Swisher, whose roots stem from traditional technology reporting with the Wall Street Journal. Over the last year, she’s amplified her coverage on blogs and with her FLIP camera, covering events as she always has, but is primarily getting her take on things through her irreverent and entertaining blog. While more akin to an editorial coverage, she now leads the conversations on techmeme, interacts with bloggers, and in my mind, is more like an A-list blogger –not mainstream media.

    Finding: Business models influence intent
    It’s interesting to see how people get paid, for example, Mainstream press relies on subscriptions to newspapers/magazines, as well as advertising. Analysts have clients who they provide council and research for, and bloggers often monetize from ad networks and sponsorships. Analysts don’t need lots of eyeballs to monetize. Often, I’m pre-briefed before press or bloggers, yet I don’t break news. I do end up working a lot with the press, who are often on deadline to get the scoop or a unique take. Some bloggers often seek to break news (Techcrunch), yet some choose to hold back to then discuss it amongst themselves.

    Conclusions
    While the individual duties (and business models) highly differ between the Mainstream Press, Analysts, Bloggers, they are all starting to look alike as they adopt social media tools. In the end, if we took the mediums away, and just focused on the type of content that is being published, we’ll start to see the differences of the roles, it is interesting to see how all the viewpoints start to emerge into the online dialog.

    This is an expanded riff, based off my previous post of how bloggers and mainstream media look the same, this post is now inclusive of analysts. I’m curious on your take, are you seeing coverage (esp in tech) start to merge into one gray ball of discussions? What place do you think I should play?

    Yesterday, I spoke to a room full of Analyst Relations (AR) and Public Relations (PR) professionals at a large tech vendor. I was asked to lead a discussion about the impacts of social media to their daily life.

    I’ve been hearing about these questions from AR folks themselves, as well as from Forrester’s AR services team, and analysts such as Ray Wang . Hopefully, this will kick off a discussion and we can collaboratively share and learn.

    10 Questions Analyst Relations Professionals Have About Social Media

    1. Is social media a medium to influence the influencers?
    2. Are influencers impacted by social media usage of clients, vendors, and media?
    3. Now that many are creating their own messages is message control realistic?
    4. Can AR and PR benefit from listening to social media?
    5. Can AR and PR benefit from using social media to talk?
    6. How do AR folks, who are traditionally accustomed to deep, often in person relationships benefit from this?
    7. Does this really mean more work for me?
    8. If our competitors use this, do they have a leg up on us?
    9. How to we quantify the ROI of our efforts?
    10. Leave a comment if you’ve got a point of contention.

    Self admittedly, I’m new to this topic, and many others have been thinking this through more carefully. I do however represent a new type of analyst that uses these tools to support, promote, and enhance, some parts of my research (it’s not good for deep analysis nor accurate trending), so you’ll want to observe my behaviors carefully as I make mistakes and also figure things out.

    If you want to learn more, subscribe to Jonny Bentwood, SageCircle’s Carter Lusher, or talk to the Forrester AR folks that are thinking this through much deeper than I am. Also, see this List of Resources, Profiles, Indexes, Blogs, Companies and Information for the Analyst Industry.

    Update: Carter Lusher just pointed me to this list of Analyst Relations pros that are on Twitter, half are from Tech, and half are from agency.

    Update 2: Carter responds to my questions, with his take on the answers, read part 1 and part 2.

    It’s true, most social network marketing isn’t being done effectively, why? Many brands (and their agencies) are deploying “interactive marketing” (user to website) experience rather than relying on the tools of social networks “social marketing” (member to member). As a result, many brands are wasting their time, money, and resources to reach communities in social networks without first understanding that the use case is very different than a microsite campaign. Don’t just take my word for it, research from Deloitte also suggests the same –WSJ (link via Fabrice)

    In this latest report, we created a scorecard (which you can use to checklist your own efforts) which amplifies the real opportunities of social network; the community themselves. This report is great for anyone brand deploying a social network marketing effort, or for agencies that are trying to enter this new world. Marketing efforts did best when the control was turned over to the hands of the community.

    [We tested marketing efforts on Social Networks using 'Social' criteria (rather than traditional marketing tactics) that meets the needs of the community, sadly, only 1 out 16 brands passed]

    We took a multi-industry approach, and reviewed 16 firms from four industries: automotive, media, technology, and consumer products. Sadly, out of this 16 contenders that were appropriate, only the BMW Series 1 received a passing grade, and half of the firms scored a zero or lower. We also tried to find examples in many social networks including Facebook, MySpace, LinkedIn, Imeem, and Microsoft’s Windows Live Spaces. I was already asked on Twitter if there were B2B examples, unfortunately, we only found one that made the report, Microsoft Live Server.

    Despite these dismal scores, there were some great examples such as the The Dell/Microsoft (Red) program provided a rich media theme that was easily sharable, Sony’s BMG page for Alicia Keys was personable and interactive, and Kraft’s DiGiorno Pizza delivered a unique interactive experience with its members. To improve social network marketing, brands must develop community-centered content and activities, measure success based on new criteria, and be prepared to participate.

    Forrester Report: Best And Worst Of Social Network Marketing, 2008


    If you leave a question on Forrester report page, I promise to respond to the best of my ability.
    If you’re a client, you can download instantly, or if you’re not a client, you can purchase the report, and if you’re not fully satisfied you can return with no questions asked –we stand by our work.

    Also, I propose we do away with the term “campaign” when it comes to social networks, it derives images of military movements, and short term commitments –exactly what not to do when it comes to communities.

    Although some of them have changed since we first started to judge the 16 social network marketing efforts are:
    Note: A passing score is a minimum of 8.

    Automotive
    BMW 1 Series scores a 9 (Pass) read more
    Mazda3 scores a -1
    Chevy scores a 3 (who sponsored the effort at the time)
    Ford scores a -4

    Media
    HBO’s Entourage scores a 2
    FOX News scores a -4
    Disney: Enchanted Movie scores a -4
    Sony BMG’s Alicia Keys scores a 7

    Technology
    Samsung’s Blast scores a -3
    Dell/Microsoft (RED) scores a 6
    Microsoft’s Windows Server Live scores a 6
    Intel scores a -5

    Consumer Products
    Nike scores a 2
    Kraft’s DiGiorno Pizza scores a 5
    Pepsi’s Aquafina scores a -2
    Mars: Skittles & Starburst scores a 0

    The whole process was a tremendous amount of work, we spent hours testing, reviewing, and compiling data, you should use this report as a benchmark and a checklist for your future efforts on social networks. It was a lot of work, but should really help you to all move forward and reach communities even more effectively.

    Lastly, I use social media tools as a small percentage of my research methodology, for example, I asked the 12,000+ readers of this blog (and 9000+ on Twitter) to help define what they think are success metrics for campaigns, some of this was factored into the scorecard requirements. At Forrester we serve different roles, mine being Interactive Marketers, it’s also important to know the largest segment of readers to this blog are Interactive Marketers according to a recent survey. So I use the same tools that I cover, and try to practice what I preach. Last by not least, thanks to Christine Overby, Harley Manning, Sarah Glass and Scott Wright at Forrester for all their help.

    Scope Clarification:

    Update: One brand was unsure of the scope of this research report. To be clear, this report encompassed only the marketing efforts on a social network. It does not include blogs, podcats, youtube, communities that a brand may create on their own site, or efforts within the intranet. Also, some brands may have had multiple marketing efforts on social networks, this report would have only examined and graded one.

    The humorous and thoughtful Redmonk Analyst Michael Cote’ has put together this infotaining slideshare on how to deal with analysts. Here’s a tip to vendors, if you’re briefing me, be sure to ask me questions and get my take, you don’t have to do all the talking, chances are, I can tell you something about clients, the market direction or what your customers really think about you.

    If you’re not sure what Analysts do, see what my readers said, much of the comments were fairly accurate, some dead on. The Redmonk monastery does a good job telling their story: how to work with them, what they do, how to reach them.

    In your opinion, how well do other analyst firms do at telling their story?

    What Do Analysts Do?

    Categories: AnalystPosted on June 17th, 2008

    Well of course I have my answer, but I’ve come to realize there’s a lot of misconception out in the market as to what we really do.

    Rather than me tell you, I’d want to first learn what you think, so perhaps we, as an industry can better explain our value –and place in the market.

    So give it a shot, try to first explain what you think our day job is, then explain the business model. I want open and candid responses, but please try to backup your assertion, so we can better learn. This should be interesting, I’m listening.

    Please Rate my Reports

    Categories: Analyst, ForresterPosted on June 9th, 2008

    If you’re a Forrester client (many readers here are) I’m encouraging you to exercise your right as a customer.

    If you’ve read the Groundswell, then you’re familiar with the term Embracing, in which employees and customers work together to build next generation products and services.

    For each report (one of our products) we’ve a rating system, and the ability for customers to leave comments. Quite frankly, I only see a few, and I’d like to get more feedback. Why? I want to improve and make sure that I’m doing everything I can to help our customers answer questions about my coverage area in social computing.

    So, if you’re a client, and have read my reports, I’d love your feedback: rate and/or leave a comment on the report of what you liked and what could be improved. I promise to read and respond to any questions to the best of my ability.

    We’ve made a two-way channel for you to respond, I’m listening. Here’s a list of my reports on the Forrester site.

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