Discussion Post: Business Intelligence
o Explain the relationship among data mining, text mining, and sentiment analysis
o In your own words, define text mining, and discuss its most popular applications
o What does it mean to induce structure into text-based data? Discuss the alternative ways of inducing structure into them.
o What is the role of NLP in text mining? Discuss the capabilities and limitations of NLP in the context of text mining.
Application Case
If Tito's Handmade Vodka had to identify a single social media metric that most accurately reflects its mission, it would be engagement. Connecting with vodka lovers in an inclusive, authentic way is something Tito's takes very seriously, and the brand's social strategy reflects that vision.
Founded nearly two decades ago, Tito's credits the advent of social media with playing an integral role in engaging fans and raising brand awareness. In an interview with Entrepreneur, founder Bert "Tito" Beveridge credited social media for enabling Tito's to compete for shelf space with more established liquor brands. "Social media is a great platform for a word-of-mouth brand, because it's not just about who has the biggest megaphone," Beveridge told Entrepreneur.
As Tito's has matured, the social team has remained true to the brand's founding values and actively uses Twitter and Instagram to have one-on-one conversations and connect with brand enthusiasts. "We never viewed social media as another way to advertise," said Katy Gelhausen, Web & social media coordinator. "We're on social so our customers can talk to us."
Informing a Seasonal, Integrated Marketing Strategy
Tito's quarterly cocktail program is a key part of the brand's integrated marketing strategy. Each quarter, a cocktail recipe is developed and distributed through Tito's online and offline marketing initiatives.
It is important for Tito's to ensure that the recipe is aligned with the brand's focus as well as the larger industry direction. Therefore, Gelhausen uses Sprout's Brand Keywords to monitor industry trends and cocktail flavor profiles. "Sprout has been a really important tool for social monitoring. The Inbox is a nice way to keep on top of hashtags and see general trends in one stream," she said.
The information learned is presented to Tito's in-house mixology team and used to ensure that the same quarterly recipe is communicated to the brand's sales team and across marketing channels. "Whether you're drinking Tito's at a bar, buying it from a liquor store or following us on social media you're getting the same quarterly cocktail," said Gelhausen.
The program ensures that, at every consumer touch point, a person receives a consistent brand experience-and that consistency is vital. In fact, according to an Infosys study on the omnichannel shopping experience, 34 percent of consumers attribute cross-channel consistency as a reason they spend more on a brand. Meanwhile, 39 percent cite inconsistency as reason enough to spend less.
At Tito's, gathering industry insights starts with social monitoring on Twitter and Instagram through Sprout. But the brand's social strategy does not stop there. Staying true to its roots, Tito's uses the platform on a daily basis to authentically connect with customers.
Sprout's Smart Inbox displays Tito's Twitter and Instagram accounts in a single, cohesive feed. This helps Gelhausen manage inbound messages and quickly identify which require a response.
"Sprout allows us to stay on top of the conversations we're having with our followers. I love how you can easily interact with content from multiple accounts in one place," she said.
Spreading the Word on Twitter
Tito's approach to Twitter is simple: engage in personal, one-on-one conversations with fans. Dialogue is a driving force for the brand, and over the course of four months, 88 percent of Tweets sent were replies to inbound messages.
Using Twitter as an open line of communication between Tito's and its fans resulted in a 162.2 percent increase in engagement and a 43.5 percent gain in followers. Even more impressively, Tito's ended the quarter with 538,306 organic impressions-an 81 percent rise. A similar strategy is applied to Instagram, which Tito's uses to strengthen and foster a relationship with fans by publishing photos and videos of new recipe ideas, brand events, and initiatives.
Capturing the Party on Instagram
On Instagram, Tito's primarily publishes lifestyle content and encourages followers to incorporate its brand in everyday occasions. Tito's also uses the platform to promote its cause through marketing efforts and to tell its brand story. The team finds value in Sprout's Instagram Profiles Report, which helps them identify what media is receiving the most engagement, analyze audience demographics and growth, dive more deeply into publishing patterns, and quantify outbound hashtag performance. "Given Instagram's new personalized feed, it's important that we pay attention to what really does resonate," said Gelhausen.
Using the Instagram Profiles Report, Tito's has been able to measure the impact of its Instagram marketing strategy and revise its approach accordingly. By utilizing the network as another way to engage with fans, the brand has steadily grown its organic audience. In four months, TitosVodka saw a 12.6 percent rise in followers and a 37.1 percent increase in engagement. On average, each piece of published content gained 534 interactions, and mentions of the brand's hashtag, #titoshandmadevodka, grew by 33 percent.
Where to from Here?
Social is an ongoing investment in time and attention. Tito's will continue the momentum the brand experienced by segmenting each quarter into its own campaign. "We're always getting smarter with our social strategies and making sure that what we're posting is relevant and resonates," said Gelhausen. Using social to connect with fans in a consistent, genuine, and memorable way will remain a cornerstone of the brand's digital marketing efforts. Using Sprout's suite of social media management tools, Tito's will continue to foster a community of loyalists.
Task:
o How can social media analytics be used in the consumer products industry?
o What do you think are the key challenges, potential solutions, and probable results in applying social media analytics in consumer products and services firms?
The response should include a reference list. Using double-space, Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.