Let’s Talk Knowledge

I sit here at Louie Armstrong International airport, waiting for my flight back from SLA 2010. It was a great conference this year, and there seemed to be a lot of energy and enthusiasm, perhaps more so than last year. It’s possible this could have been a direct result of the Dow Jones Factini happy hours, but it is more likely from a sense of optimism the crowd had about what’s ahead.

From my perspective I did a few sessions this year on using Social Media for business research. I’d like to thank those in attendance (especially the brave souls who stood in the hall, or sat on the floor for my last session!). I had a lot of great conversations, and learned much from you all.

I wanted to quickly summarize the three key things that information professionals should be thinking about with respect to social media and social technologies in general.

1. Social as a research tool. A few key ways social can be used as a serious tool in your research toolbox:

• • There is a lot of great information in social media about companies, people, products, and industry topics.
  • Social is also a great way to find new sources, especially for niche topics, and private company info.

2. Social as a way to build your expert network. Social networks are about easily connecting people. Take advantage of the fact you have unprecedented access to expertise that previously you may not have even known existed, let alone had a way to connect with.

3. Social as a mechanism for customer communication. People are rapidly becoming accustomed to having content pushed to them, and curated for them by experts. Information professionals are uniquely positioned to help (and shine) in this model.

Remember that as a source of information, social media should be considered as just another source. Information that you find should be verified and validated, just as you would information from mainstream media. As far as social technologies go, don’t wait to long to embrace them.  Social is rapidly causing a fundamental shift in the way we communicate and share knowledge, and discover and navigate information. The sooner you begin to build your network, and communicate with your customers, the better off you will be positioned as adoption and usage of these technologies and networks continues to explode.

- Ken

A lot has been happening recently in the realm of Social. Major announcements from Twitter and Facebook over the past two weeks are sure to have implications beyond what we can conceive right now. The popularity of the two sites alone are growing in unheard of percentages with a combined user base of over 500 million.

One of the most interesting things that is happening as a result of this is how traffic is being directed on the web. More and more these social networking sights are actually driving traffic to major web properties. In the case of USA Today for example, social networking sites are in fact driving 6X more traffic than Google (full report from Gigya can be found here http://bit.ly/c8HLDA – free registration required).

I think this is actually a beginning of a fundamental shift in the way people discover and navigate information. Rather than relying on an empty search box to direct you, people are relying on their friends, colleagues, and other experts to guide them. This really shouldn’t be surprising. Before Google convinced us all that search was the best way to get to the information you need, we all relied on our networks much more heavily in order to gather and analyze information. If you were looking for competitive intelligence, the first thing you’d do is pick up the phone and talk to a sales rep, or a customer, or an industry analyst (not saying you CI professionals don’t still do this btw!).

But Search seemed so convenient. It was always there, and easy to use. People could be more self-reliant. In some ways, Search was an improvement. But the reality is that Search is also very inefficient. Depending on the research you look at, we see that people using web search engines fail to find what they are looking for anywhere from one-third to one-half of the time. But as the amount of information online became more and more vast, it seemed like Search was the only solution. The reality is we search because we have to, not because we want to.

Until the rise of the social networks. Easy to use and prolific, these sites are helping turn the web from a network of documents, to a platform that connects people. And a platform that not only connects people, but removes the friction involved with communication between people.

Now we are starting to see the beginning of how these social networks can be so much more than Search. Need to find something, as your network. Chances are someone you know has had the same or similar question and can guide you to their research or even analysis. Not sure what you are looking for, let your trusted network of experts tell you what is important around any given topic. This is why these sites are beginning to overtake Search when it comes to directing traffic online.

There is a lot more to discuss and understand about this topic. This post could get very lengthy if I tried to even scratch the surface. I’ll leave you with this thought though. Search will have a place for many years to come of course. However sooner rather than later, our ability to find the information we need will be more influenced by the power and reach of our networks, than our ability to craft elegant queries for the big white search box.

My advice to anyone today is to begin to understand these new tools and platforms. And to more importantly begin to build your networks on them. The investment you make today will be well rewarded in the near future. IMHO

- Ken

Today,  April 1, 2010, is a big day in the United States (and although I am not referring to April Fools’ Day, it still remains one of my favorite holidays).  Today is, of course, “Census Day”, the official kick-off date of the 2010 United States Census project.  The 2010 Census is one of the largest primary research projects ever undertaken, and is likely the most extensive measure of a population to date.  Largely administered via mail surveys and individual interviews, the census takes place every 10 years to measure different aspects of the US population, and is used to help determine everything from municipal budgets to the number of seats a state occupies in the United States House of Representatives.

The US Census Bureau estimates that the total cost of the 2010 Census, including materials, staffing, and administration, will come close to approximately $14.5 billion, over 3 times the cost of the previous census that took place in 2000.   Of course, this increase in price is directly related to the dramatic growth in the population of the US, but I am willing to bet that an increased technology and advertising budget might have something to do with it as well.

With the large changes in population and demographics over the last 10 years came another noticeable trend in the US population as well.  The number of internet users in America has nearly tripled since the date of the last census, and with that, the Census Bureau has been quick to adopt new technologies and communication strategies.  Most notably, the US Census Bureau has developed a fairly large social media marketing campaign to promote this year’s census.  Their Youtube Channel hosts promotional and educational videos (some are actually quite entertaining), describing the value of the census, and answers to frequently asked questions.  The Director’s Blog is written by the Census Bureau Director, Robert Groves, and discusses upcoming events, important announcements, and tries to add a personal touch to the large organization.  Moderators of the blog also respond comments on the posts, and provide answers to questions that readers may have.  Of course, no modern advertising campaign could exist without a Facebook Page or Twitter Account, and the Census Bureau is no exception.

Despite the various Web 2.0 updates to a process that is over 200 years old (the first US census was administered by Thomas Jefferson in 1790), perhaps the biggest changes in this year’s census are happening to the internal systems of the Census Bureau and the ways in which they are using modern technologies to keep track of the US population.  Prior to the distribution of this year’s census, census employees used mobile GPS devices to mark every single household in the country (as described in this video).  The specific coordinates of each location are stored in a centralized system and are used to track household responses, assign staff to specific locations, and keep track of surveys that have not been submitted.  More interestingly, these devices will play an important role in team communication and information sharing during the lengthy data collection process that is about to begin.  Census managers will able to get real-time updates on the progress of their employees, track employee hours on the field, and communicate quickly with their teams.  The mobile devices will also be utilized by census staff to share information about their progress with each other so that they are not duplicating efforts, and provide them with access to internal systems and resources while they are on the field.

I am looking forward to seeing the results of the 2010 Census, and I have to say that I am really impressed with the government’s adoption of new technologies and communication channels.  Maybe in 2020, census surveys will finally be available online!

-RJ

As I mentioned previously, Twitter is becoming a more relevant source for competitive intelligence. Not necessarily as a standalone source, but a nice complement to traditional sources. One of the great things about Twitter is the number of third party tools that have been developed to help you get the most out of the service. In this post, I wanted to share some thoughts on how I use TweetDeck, one of my personal favorites, for CI.

Just to be clear, I’m not trying to give an all encompassing tutorial of TweetDeck. If you’d like one of those, there are plenty of good ones out there. What I am trying to do is give some insight on how the tool can help you filter the huge amount of content flowing through the Twitter service to get information that is relevant for your competitive intelligence purposes.

There are a couple of basics when it comes to using TweetDeck. First is the concept of columns. Columns are a way to get different views of the the information streaming from Twitter. There are a lot of ways to filter a TweetDeck column. As in my last post, I’ll break it down by three different categories: People, Companies, Topics/Products.

I’ll start with people. Following people on Twitter recently got easier with the advent of Lists. You can create a list in Twitter of the people that you want to follow. These of course can include executives from a company you’re tracking, people who often comment on a company or topic your tracking, etc. Once your Twitter lists are created, TweetDeck can quickly create a column based on one of them. You can also create a column in TweetDeck based on a search. With respect to people, you can simply search for the @ mention of the user (for example @marcbenioff). This will allow you to see the things people are saying to a particular person on Twitter, and a great way to understand what topics a person is discussing or directed towards that person by the masses on Twitter.

For companies the process is much the same as people. You can create a list in Twitter that follows the people, products, and company feeds associated with a particular company. For example a Twitter list for SalesForce might include @marcbenioff, @salesforce, @joywang (social media analyst that often comments on salesforces adoption of social media). You may also want to create a column that is based on a search, again using Salesforce as an example you may want to create a column based on hashtags and or keywords (“#salesforce OR salesforce”). This will get you all the other mentions of a company name.

The same process used for companies can be followed for products or topics. Find the people that often talk about a particular product or topic, as well as create a search for mentions of the product name or topic.

Once you have your columns created in TweetDeck, you can now start using some of the powerful tools and analytics that that are part of the solution. At the bottom of each column in TweetDeck there is a row of buttons. One of my favorites is the “Cloud” button. By clicking this, you can quickly get a cloud tag of the most popular things being mentioned in that column. That includes keywords, links, twitter usernames, and hashtags. Great way to do some high level analytics and get a quick picture of what you need to know about what is happening right now.

Next is the “Filter” tag. This will allow you to filter a column by text, time, source, or name. For example, we could filter the SalesForce product column by the word “performance”, allowing you to see anything related salesforce.com performance.

There are also options to mark everything in the column as seen, thereby cleaning up the column entirely, or just cleaning up the entries you have actually seen.

These are just some of the ways TweetDeck can help Twitter become a more useful tool for competitive intelligence. Just to reiterate, I think Twitter is a great part of any CI monitoring strategy. Especially with respect to the conversation that is currently happening around the people, companies, and products or topics you are following.

If you have any other helpful hints with respect to TweetDeck, please do share!

- Ken

Using Twitter as a research tool for competitive intelligence has already become credible, and it is rapidly becoming crucial. Twitter is a great place to find unfiltered, unembargoed competitive intelligence. When I think about CI using Twitter, there are a three key areas to think about:

• People: Often you can find mid to senior level people from your competitors on twitter. You’d be amazed at some of the things they may tweet about their company or its products & services.
• Products: Great place to find information about weaknesses, strengths, potential new releases and features, etc.
• Companies: A lot of information on Twitter about companies in general. Watch for tweets about company direction and focus, customer service attitude, etc. A companies presence (or lack thereof) on Twitter will also often be an indicator of how they may be trying to use Social Media as part of their strategy overall.

There are actually quite a few tools that have been launched to help you monitor and analyze the twitter conversation around these things. I’ll actually try and list some of those in a separate blog post. In this post I will just focus on using the twitter.com interface to do that.

The Twitter Search functionality is the place to start. Here you can search the twitter stream for people, products, companies, or references to a specific topic. There are options to restrict your searches to those containing links, or those that have a positive or negative attitude. The hashtag concept is particularly powerful when following a particular product or topic. Simply put a ‘#’ symbol in front of the product name you are interested in. You can also save these searches for quick reference in the future. For example, I have a saved search for #factiva that I check daily, just to see what people are saying about one of Dow Jones’ products.

Once you’ve run a twitter search, you can start examining the results. You should start by checking the profiles of some of the people that have posted relevant results. You can find a lot of valuable information from these profile pages. First, you can get an indicator of credibility by the number of people following that individual. Second, you can see how much information you are likely to get by following that person, based on the number of tweets they have posted, as well as a quick scan of their recent posts for quality and relevance. You can also take a look at who that person is following. This may help you find other subject matter experts on a particular topic/product. Twitter has released a new feature called ‘Lists’ that makes this even easier. Twitter allows people to create lists of people they follow, thus creating a categorization mechanism. Check these lists to see if they have already done the hard work of identifying other relevant individuals to follow.

Once you have found the right people to follow, you can create your own lists, and start monitoring the tweets for relevant information. While Twitter may not be the most relevant source of CI, especially depending on the industry your in, it can be a great way to get otherwise hard to find nuggets of information. It certainly is one of the best ways to understand the conversation around your competition as well. I’ll try to write some posts in the future about the tools that are out there, which can greatly streamline the process of using Twitter for CI.

How are you using Twitter for CI? Any tips or best practices you’d like to share?

- Ken