July 22nd, 2012 by Tan Wei Shen under Commentary, Technology

The need for real-time analytics

The baseline for all social media interactions (it is “social” after all) demands two-way conversation, interaction, and response. At the end of the day though, with every status update or wall post entered, we still have to ask ourselves:  what is happening, and what does the data mean?

Real-time analytics is particularly useful in this area as a means to instantly view and track our performance. Rather than batch analytics, which measures the data collected in the timeframe between two events, real-time analytics allows us to make sense of data while more data is being gathered during the course of an event. Below, let’s explore 3 reasons why real-time analytics is so crucial in social media today.

  1. You need to know what is happening. Chances are, unless you have an analyst or marketing background, you will not be entirely clear on the interactions that are constantly happening on the social web. On our end, we need to know how people react when we tweet, or reveal offers and promotions on our Facebook page. Do they immediately start sharing this information? Does buzz take a while to build? Real-time analytics can provide data such as reach, views and shares, which provides crucial numerical data to analyse and measure
  2. You need to adjust to what’s happening. Depending on how people take to your posts or promotions online, you need to be able to adjust and react accordingly. For instance, if a promotion for a buy-2-get-1-free deal was offered, the amount of people who click on the link (either via a shortened link or tracked through Google Analytics for instance) and share the deal will provide a rough indication of whether there will be sufficient demand, and if supply should be adjusted accordingly.
  3. You need to measure everything that goes on in order to accurately determine the full extent of your efforts. For instance, measuring everything that is said in reaction to your posts on your Facebook wall (comments, shares), including sentiment, will provide you with a quick snapshot of how people react to posts in these categories. Through testing, you should be able to determine in the long-run which posts your audience is most enthusiastic about, as well as whether promotions are generally welcome by the audience.

Social media is constantly moving and evolving, which makes it all the more important to track and monitor the social media in real-time. Why not try out JamiQ’s social media monitoring solution while you are here?

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