Social Media Analytics - Detailed Notes
1. Business Analytics
Business Analytics refers to the skills, technologies, and practices for continuous exploration and
investigation of past business performance to gain insight and drive business planning. It
involves data-driven decision-making using statistical methods and predictive modeling to
enhance business outcomes.
Key Aspects:
- Descriptive Analytics
- Predictive Analytics
- Prescriptive Analytics
- Data visualization and dashboarding
- ROI measurement
2. Seven Layers of Social Media Analytics
The Seven Layers include:
1. Text Analytics
2. Network Analytics
3. Action Analytics
4. Hyperlink Analytics
5. Sentiment Analytics
6. Trend Analytics
7. Influencer Analytics
Each layer serves to uncover insights about users, content, influence, and engagement.
3. Types of Social Media Analytics
- Descriptive Analytics: Understand past social media performance
- Diagnostic Analytics: Identify reasons behind performance
- Predictive Analytics: Forecast future trends
- Prescriptive Analytics: Recommend optimal actions
- Sentiment Analysis: Gauge public opinion
4. Social Media Analytics Cycle
Steps include:
1. Data Identification
2. Data Extraction
3. Data Cleaning
4. Data Analysis
5. Visualization
6. Insight Generation
7. Decision Making
5. Challenges to Social Media Analytics
- Handling unstructured data
- High volume and velocity of data
- Privacy and ethical concerns
- Sentiment ambiguity
- Platform-specific APIs
- Language diversity
- Bot/spam detection
6. Social Media Analytics Tools
- Hootsuite
- Sprout Social
- Google Analytics
- Brandwatch
- Tableau
- Power BI
- IBM Watson Analytics
7. Importance of Social Media Analytics
- Real-time customer feedback
- Brand monitoring
- Campaign effectiveness
- Competitor analysis
- Customer segmentation
- Influencer collaboration
8. Applications of Social Media Analytics
- Marketing optimization
- Customer service
- Product development
- Crisis management
- Political campaign monitoring
- Event tracking
- Recruitment and HR
- Healthcare awareness
9. Social Media Text Analytics
Analyzes user-generated content such as posts, tweets, comments.
Types of Text:
- Posts, comments, hashtags, captions
Purpose:
- Understand sentiment, trends, feedback
Steps:
1. Collection
2. Preprocessing
3. Feature extraction
4. Sentiment analysis
5. Topic modeling
6. NER
7. Insight generation
Tools: TextBlob, spaCy, IBM Watson, Google NLP
10. Social Media Action Analytics
Studies user interactions such as likes, shares, comments.
Actions:
- Likes, shares, replies, clicks, follows
Benefits:
- Measure content performance
- Detect viral trends
- Identify influencers
Tools: Hootsuite, Sprout Social, BuzzSumo, Facebook Insights
11. Social Media Hyperlink Analytics
Analyzes shared links on social platforms.
Types:
- Internal, external, UTM, shortened, affiliate
Metrics:
- CTR, source tracking, conversions, location, device type
Tools: Bitly, Google Analytics, Rebrandly, ClickMeter