Tuesday, January 13, 2015

Limits to what social media can do for advertisers

Today’s sophisticated listening tools and online content monitoring systems capture and decipher in seconds ions of real time chatter and engagement metrics across Facebook, Twitter and other social media platforms. Brand guardians analyse this data to deduce conclusions pertaining to perceptions people around the world have of them and their products. 

Technology has transformed chatter into something of potentially incalculable value; consumer insights which come directly from consumers’ mouths or, to be more precise, straight from their social media accounts. Uncensored and un-vetted, impulsive and emotional ‘Likes’ and ‘Dislikes’ of the very people marketers vie to attract. Pure gold!

Or is it?

According to a recent study, robots, not humans, fake 23% of web video ad views.  Computers being remotely operated by hackers account for almost one in four views of digital video ads worldwide, according to a study that estimates such fraud will cost advertisers $6.3 billion dollars in 2015.

Also, according to a another recent report brands’ Facebook and Twitter posts only reach around 2% of their fans and followers, and less than 0.1% of fans and followers actually interact with each post on average.

What’s more, Facebook’s latest tweak to its news feed algorithm means that as of January 1st brands’ unpaid posts are actually seen by even less users as the social media behemoth has publicly admitted that brands posting promotional content “will see a significant decrease in distribution.”


So is Social losing some steam?

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