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Social Intelligence-Leveraging Social Intelligence for Business Reach 

The expanse of the globalized business world into online trading and e-commerce demands the need for understanding of customer behaviour. The vast uses of the Internet and the various technological innovations like social gaming and networking have only paved way for organizations to analyze and understand end-users, their demographic profile and behaviour.

 

 
 
Tags:  social intelligence  Facebook analytics  social media analytics  engagement metrics 
Views:  116
Published:  February 21, 2012
 
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Slide 1: Social Intelligence: Leveraging Social Intelligence for Business Reach The expanse of the globalized business world into online trading and e-commerce demands the need for understanding of customer behavior. The vast uses of the Internet and the various technological innovations like social gaming and networking have only paved way for organizations to analyze and understand end-users, their demographic profile and behavior. In today’s technological scenario, social intelligence has become an essential gateway to understanding human behavior. This further paves way for social media analytics, which helps in deriving consumer and organizational psychology. Understanding the social media is a mindboggling exercise, hence there are a number of service providers who have ventured into the process of providing social intelligence solutions. By following exclusive strategies, and social media analytics, these enterprises achieve valuable real-time insights. Social intelligence as defined by E.L. Thorndike is about the capability to act wisely in human relationships. However, from the business point of view, this refers to the online practice of business houses to monitor, gather, and analyze data such as product comments, posts, reviews and service issues to be well informed about customer reactions and help create responsible business strategies and decisions. In other words this is all about using technology as engagement metrics to build social networking website of their own or use Facebook analytics for study of social analytics. Though the use of social intelligence as a analytical tool is still at its nascent stage and most organizations have not embraced the technology, the designing of good social intelligence strategies will help organizations to know their consumers better, incorporate branding, create business lead generation techniques, and provide quality customer service. Social Intelligence, with its three basic steps of monitoring, collecting and analyzing the social content, is advantageous for any organization that embraces the process. By judicious use of the information, enterprises are able to strategize their social media analytics effectively. For enterprises, irrespective of these being a large-scale business conglomerate or a small and medium business one, adopting social intelligence strategies has a number of advantages. The right set of engagement metrics helps a company understand the starting point, the target audience, and creation of messages, which would resonate time and again. Besides, this would help organizations track a number of social platforms and access data for a deeper insight into customer behaviour so as to strategize for a broader e-commerce market. The leaders in the field of social media analytics have designed and developed tools which has transformed analytics into mechanized process to help improve an organization’s user-reach, customer retention and revenue generation.

   
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