Wide Angle

A few weeks ago, I pulled 10 nuggets from The Economist’s special report on social media. Fittingly, The Economist followed that this week with a special report on managing information.

Managing and making best use of all the data trails that consumers create via digital and social media is critical for marketers (see this prior post on managing information richness). This capability is one of a few that will separate winning marketing functions (and even enterprises) from losing ones in the next 3-5 years.

So, without further delay, here are 10 of my favorite takeaways from the report. Read More »

Plenty of Council members are asking us questions about social media ROI.  As our research team scans all that’s been written on the topic, we occasionally come across little gems.  One that may have escaped your attention is a section of a larger 2007 study, Never Ending Friending, which may provide some valuable rules of thumb and benchmarks for those of you diving into social media ROI.

The study was commissioned by MySpace which, at the time, was on the top of the social networking heap.  You’ll likely want to skip the first 34 pages (unless you have a keen interest in MySpace circa 2007), and get right to the meat.  Read More »

So, you’ve decided to bring some analytics hotshots onto your marketing team.  What should you do first? Whatever you do, don’t let them near the data!

Not yet.  It’s too dangerous.  More peril than you could shake a stick at.

Don’t get me wrong.  I’m a huge fan of analytics to improve marketing decision making. I spent four years leading a team in CapitalOne’s marketing and analysis group.  I have a deep appreciation for organizations that have built competitive advantage on analytics.  In fact, one of my “must reads” for marketers is Davenport’s Competing on Analytics (good introductory excerpt here). 

But what I have also observed with high-powered analytics is real-world myopia. Read More »