improved speed + accuracy for research with datasift demographics

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Improved Speed + Accuracy for Research with Datasift Demographics Tim Barker Chief Product Officer DataSift Paul Hallet CEO & Co-founder Demographics Pro

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Page 1: Improved Speed + Accuracy for Research with Datasift Demographics

Improved Speed + Accuracy for Research with Datasift Demographics

Tim BarkerChief Product Officer

DataSift

Paul HalletCEO & Co-founder

Demographics Pro

Page 2: Improved Speed + Accuracy for Research with Datasift Demographics

Surveying Public Opinion Can Be a Headache

With traditional research methods

• It takes weeks

• It’s costly

• Wisdom gained can only be applied to areas of your

business worth the large investment of resources

Page 3: Improved Speed + Accuracy for Research with Datasift Demographics

But It Doesn’t Have to Be This Painful!

At Any Given Moment on Twitter…

Page 4: Improved Speed + Accuracy for Research with Datasift Demographics

At Any Given Moment on Twitter…

Conversations about…

• Brands

• Products

• Events

• Celebrities

• Current Events

• Basically anything

Page 5: Improved Speed + Accuracy for Research with Datasift Demographics

Over 1,200 Posts About Pumpkin Spice Latte Yesterday

Tim BarkerChief Product Officer

DataSift

Paul HalletCEO & Co-founder

Demographics Pro

Page 6: Improved Speed + Accuracy for Research with Datasift Demographics
Page 7: Improved Speed + Accuracy for Research with Datasift Demographics

A Single Tweet Contains 120 Items of Data

Page 8: Improved Speed + Accuracy for Research with Datasift Demographics

Largest Record of Human Opinion on the Planet

1 Billion Tweets Every 2 Days

Page 9: Improved Speed + Accuracy for Research with Datasift Demographics

Market Research with Twitter Demographics as...

A New Way to Think About Research

Page 10: Improved Speed + Accuracy for Research with Datasift Demographics

A New Way to Think About Research

• Extract targeted Twitter data for analysis

• Rich Twitter demographics

• Create a balanced audience with

a research panel

Page 11: Improved Speed + Accuracy for Research with Datasift Demographics

Eliminate Research Participant Bias

• Research panels enable companies to target their

research to key demographics

• Remove population bias

• Benchmark their opinion vs general population

Building research panels with Twitter Demographics allows companies to:

Page 12: Improved Speed + Accuracy for Research with Datasift Demographics

But There are Challenges in Identifying Demographics within Twitter Data...

Page 13: Improved Speed + Accuracy for Research with Datasift Demographics

Challenge 1: Extracting Data from Text

ReplyFavorite

.

.

.

TEXTTEXTTEXTTEXTTEXTTEXTTEXTTEXTTEXTTEXTTEXTTEXTTEXT

TEXTinteraction_id interaction_typecreated_atauthor_username author_language source interaction_linkklout_scoregender geo_latitudecontent language

Interaction

interaction_id interaction_typecreated_atmention

TEXTTEXTTEXT

TEXT NOT NULL

Mentions

normalized_url

interaction_id interaction_typecreated_atauthor_username url title domain

TEXTTEXTTEXTTEXT

TEXT NOT NULLTEXTTEXTTEXT

Links

interaction_id interaction_typecreated_athashtag

TEXTTEXTTEXT

TEXT NOT NULL

Hashtags

interaction_id interaction_typecreated_athashtag

TEXTTEXTTEXT

TEXT NOT NULL

Hashtags

Page 14: Improved Speed + Accuracy for Research with Datasift Demographics

Challenge 2: Extracting Additional Demographic Insights from Your Twitter Audience

User Bio#Followers

Missing Audience Insights LocationGenderAge rangeProfessionInterests

Page 15: Improved Speed + Accuracy for Research with Datasift Demographics

Challenge 2: Extracting Additional Demographic Insights from your Twitter Audience

Twitter Data is a Form of Human Data, and Datasift is the Human Data Platform

that Has Resolved These Challenges.

Page 16: Improved Speed + Accuracy for Research with Datasift Demographics

Platform

DataSift is the Human Data Platform

• We partner with the world’s social networks

to enrich and mine data for analysis

• We process more than 2 billions data items per day

• We provide a platform for companies that want to go

beyond basic use-cases for social

Page 17: Improved Speed + Accuracy for Research with Datasift Demographics

By Using the Datasift Platform, Businesses Are Able to Turn Human Data into Meaning

UNLOCK

USE

UNIFY

ENRICH • MINE • CLASSIFY

INTEGRATE • REAL-TIME • NORMALIZED

BRAND HEALTH • MARKET OPTIMIZATION • CUSTOMER EXPERIENCE • REVENUE GENERATIONOPERATIONAL IMPROVEMENTS • INNOVATION

ANALYTICS • APPLICATIONS • PROCESSES

Page 18: Improved Speed + Accuracy for Research with Datasift Demographics

Compared to Traditional Research Methods, Market Research with Datasift and Demographic

Twitter Data is Vastly More Economic.

Page 19: Improved Speed + Accuracy for Research with Datasift Demographics

Gives You the Real Time, Vast Opinion of the Market….

Page 20: Improved Speed + Accuracy for Research with Datasift Demographics

Removes Bias Due to Traditional Research by Self Selection…

Page 21: Improved Speed + Accuracy for Research with Datasift Demographics

Gives Much Faster Results. Instead of Weeks, You Get Results in Hours….

Page 22: Improved Speed + Accuracy for Research with Datasift Demographics

Let’s You Collect Multiple Data Points over Time….

Page 23: Improved Speed + Accuracy for Research with Datasift Demographics

Therefore, It Helps to Shape and Define the Questions that You Can Ask….

Page 24: Improved Speed + Accuracy for Research with Datasift Demographics

Build segments for your social audience

Measure how your messaging resonates for each social segment

Identify similarities and trends and optimize your campaigns for each social group

Practical Applications

1

2

3

Page 25: Improved Speed + Accuracy for Research with Datasift Demographics

• Survey data confirmed what retailers thought.

• Profiles for Lulu + competitors were

similar (women, 23-34)

• The brands also believed this to be their

core demographic

Why LuluLemon was able to maintain its market position, while other brands have difficulty challenging them

DataSift Customer Case Study

Page 26: Improved Speed + Accuracy for Research with Datasift Demographics

Age Breakdown for LuluLemon vs Competitors

• LuluLemon was the only brand to show significant traction in the 19 and under crowd

• More than 100% more than next nearest

Page 27: Improved Speed + Accuracy for Research with Datasift Demographics

Conclusion

• This demographic (women, 19 and under) was raising the

overall profile of the brand

• As younger women transition into the work force and

become buyers, LuluLemon already has the mindshare lead

• Any brand that wants to challenge LuluLemon will have to

appeal to this audience as well

Page 28: Improved Speed + Accuracy for Research with Datasift Demographics

Build segments for your social audience

Measure how your messaging resonates for each social segment

Identify similarities and trends and optimize your campaigns for each social group

DataSift Demographics

• Analyze and segment socialconversations based on detailed audience demographics

• Go beyond conversation analysis tounderstand if you’re hitting your target market socially

• Up-to 23 demographic details based on statistical analysis of public tweets

• Respects user-privacy removes identifying details of user and tweet removed

Page 29: Improved Speed + Accuracy for Research with Datasift Demographics

What's Included? The Demographics Pro Methodology

Page 30: Improved Speed + Accuracy for Research with Datasift Demographics

What's Inside Demographics Pro Data

Page 31: Improved Speed + Accuracy for Research with Datasift Demographics

Demographics Pro Profiling Methodology

Page 32: Improved Speed + Accuracy for Research with Datasift Demographics

• Up-to 23 demographic details based on statistical analysis of public Tweets

• Respects user-privacy removes identifying details of user and tweet removed

Datasift with Demographics Twitter Data from Demographics Pro Summary

• Create new products and value from demographic and

audience insights

• Go from measuring # mentions to market research

• Privacy-safe approach

Page 33: Improved Speed + Accuracy for Research with Datasift Demographics

Get started with DataSift: www.datasift.com/get-started

Free Demographics Consultation: [email protected]