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Oi 2014 Masterclass MICHAEL BRACKPOOL & BEN HACKETT Travel & Hospitality Report 2014

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Slides from the Oi'14 Masterclass presented by Brandwatch

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Page 1: Oi Masterclass

Oi 2014 Masterclass

MICHAEL BRACKPOOL & BEN HACKETT

Travel & Hospitality Report 2014

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Disruption

© 2014 Brandwatch | www.brandwatch.com 2

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© 2014 Brandwatch | www.brandwatch.com 3

“ Bigger change is looming. Even dissatisfied customers who can’t afford $1000 each time they

want to voice a complaint have already started forming groups online, on platforms that are

specifically being developed to help them get their voices heard... There is simply no time for companies

to kick back and ignore the revolution. ”

Ryan Holmes, HootSuite CEO

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Navigating the social media universe presents a number of challenges

© 2014 Brandwatch | www.brandwatch.com 4

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Volume

5© 2014 Brandwatch | www.brandwatch.com

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Variety

6© 2014 Brandwatch | www.brandwatch.com | Photo: Jenni Douglas/ Flickr

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Velocity

7© 2014 Brandwatch | www.brandwatch.com

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What if you can’t find what you’re looking for?

8© 2014 Brandwatch | www.brandwatch.com

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There are other issues too:

9© 2014 Brandwatch | www.brandwatch.com

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10© 2014 Brandwatch | www.brandwatch.com | Photo: freezelight / Flickr

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“THE NUMBER OF SIGNIFICANT FINDINGS DON’T REPLICATE THE EXPANSION OF NOISE TO SIGNAL.”

Source/ David Brooks, NY Times

© 2014 Brandwatch | www.brandwatch.com 11

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But it is undeniable that there are significant opportunities:

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•Customer service

•Market and consumer research

•Understanding Brand perception

•Campaign measurement and improvement

•Influencer identification

•Lead generation

•Crisis management

•To infinity and beyond

© 2014 Brandwatch | www.brandwatch.com

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How can we help?

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© 2014 Brandwatch | www.brandwatch.com

Brandwatch/ Company Overview

1000+Clients in 15 Markets

94% Customer Satisfaction

Twitter Certified Product Supporting

Clients in

27 Languages

World Class Development & Services Team

180Employees

60 Product Developers

7 PhD Staff Members

Rapidly Growing Client Base

137% YoY

International Presence•Brighton

•Berlin

•Chicago

•New York

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Brandwatch Analytics

Our flagship product: web based social media monitoring platform

© 2014 Brandwatch | www.brandwatch.com 15

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© 2013 Brandwatch | www.brandwatch.com

A reimagining of 1st-gen social media ‘command centres’

Flexible, configurable visual displays of data and insights for varied use cases

Powered by Brandwatch’s flagship social monitoring & analytics platform

Brandwatch Vizia/ Beautiful data at your command

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How does the Analytics platform work?

© 2014 Brandwatch | www.brandwatch.com 17

• Crawl 70M+ sites including key social networks

• 27 languages

• Powerful search operators

• 20Bn + indexed URLs

• Years of historical data

• Automated topic & sentiment analysis in all 27 languages

• Automate common tasks including alerts

• Advanced analytics modules

• Automatic categorisation with rules

• Custom dashboards

• Reporting & alerts

• Action insight via integrations

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Campaign Measurement

© 2014 Brandwatch | www.brandwatch.com 18

Measure the impact of your

campaigns

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Influencer Identification & Outreach

19© 2014 Brandwatch | www.brandwatch.com

Isolate your most important

& relevant authors

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Marketing Research

20© 2014 Brandwatch | www.brandwatch.com

Uncover actionable

insights about your market

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Competitor Benchmarking

21© 2014 Brandwatch | www.brandwatch.com

Compare your position to the

competition

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Reputation Management

22© 2014 Brandwatch | www.brandwatch.com

Monitor your brand’s

reputation in real-time

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Industry Use Cases

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Airlines, Accommodation & Travel Agencies

© 2014 Brandwatch | www.brandwatch.com 24

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Cyclical Nature of Travel Decisions

© 2014 Brandwatch | www.brandwatch.com 25

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Airlines

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Volume of customer service data

Traditionally, the Airline Quality Ratings report was the standard, measuring On-Time Arrivals, Denied Boardings, Mishandled Baggage and Customer Complaints to determine quality. Yet the AQR “relied on subjective surveys of consumer opinion that were infrequently collected.”

Challenges

•Evaluating the best means of optimizing the customer experience

•Ensuring you meet the service expectations of your customers

•Competing in a price-first marketplace and justifying price premiums

© 2014 Brandwatch | www.brandwatch.com 27

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What actually matters to your customers?

Airlines looking to optimize their experience can use insights gleaned from social data to understand and adapt accordingly to their customers’ concerns.

© 2014 Brandwatch | www.brandwatch.com 28

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Optimising customer service

© 2014 Brandwatch | www.brandwatch.com 29

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What did we learn?

The rich conversation data now available for airlines to mine through social listening presents a series of opportunities never seen before.

•Listen to customer conversation to truly understand the perception of your brand and align your strategy accordingly

•Identify influencers

•Automatically segment your data into specific categories to better comprehend the quality of your service

•Social can represent a new, responsive and cost effective service channel.

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Accommodation

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Researching and understanding a Variety of sources

Hoteliers must both deliver excellent service and understand how social reviews influence their existing and prospective customers.

Current Challenges

•What is being said about your brand online, by who and on which sites?

•How do customers perceive different aspects of your offering?

•How can you use social media to generate new business?

© 2014 Brandwatch | www.brandwatch.com 32

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Social media changes the way we make decisions

© 2014 Brandwatch | www.brandwatch.com 33

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What matters to customers?

© 2014 Brandwatch | www.brandwatch.com 34

Analysis of Hilton Hotels’ online conversations reveals customer service is the most frequently discussed topic, followed by comfort, cleanliness and price.

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© 2014 Brandwatch | www.brandwatch.com 35

Finding new business in strange places

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What did we learn?

36© 2014 Brandwatch | www.brandwatch.com

The LateRooms and Hilton Hotels examples show that advanced, granular listening is an extremely powerful weapon for brands to understand what, where and why customers are talking about them online.

•Dissect and isolate your data by site and topic to monitor, in real time, the reviews and reviewers that matter most to you.

•Segment data into different themes to enhance your service offerings and cultivate a positive reputation.

•Use sophisticated Boolean language to identify potential prospects, crises and partnership opportunities.

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Travel Agencies

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Campaign refinement: at Velocity

By monitoring campaign related discussion brands can optimise campaign impact in real time.

Challenges

•Proving the overall ROI of campaigns

•Differentiating between engagement and profitable business impact

•Deciphering the reaction to your campaigns as they are happening

© 2014 Brandwatch | www.brandwatch.com 38

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“Violins”

© 2014 Brandwatch | www.brandwatch.com 39

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Just over half of all conversation relating to this advert was negative.

© 2014 Brandwatch | www.brandwatch.com 40

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“Getting on your nerves?”

© 2014 Brandwatch | www.brandwatch.com 41

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Expedia’s self-effacing and daring response let customers truly know “we’re listening.”

© 2014 Brandwatch | www.brandwatch.com 42

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What did we learn?

43© 2014 Brandwatch | www.brandwatch.com

Intelligent marketers are using emerging technologies and innovative techniques to:

•Measure real time performance

•Track consumer discussion types to understand intent

•Adapt appropriately and quickly if required

•Generate much greater ROI from their marketing spend.

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Questions?

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45© 2014 Brandwatch | www.brandwatch.com

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46© 2014 Brandwatch | www.brandwatch.com

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Say hello:

@brandwatch

www.brandwatch.com

UK: +44 (0)1273 358 635

[email protected]

© 2014 Brandwatch | www.brandwatch.com