customer journey insights using structural equation modelling_bla global 2014
DESCRIPTION
This analysis sheds light into the connectedness of one brands' insight ecosystem. Using Structural Equation Modelling we have been able to provide a multitude of insights from; some of the causal relationships that exists, the transmission of offline and digital media to sales, the role of social display versus true social consumer engagement and salient concepts that can help steer content generationTRANSCRIPT
Connecting Disparate Data for Customer Journey Insights
Modelling the Customer Journey Using SEM
Key Objectives & Approach
1. Connect multiple data sources (research, media spend, social media and retails sales) to understand
causal relationships.
2. Can we understand the journey of offline media versus digital media?
3. What place do social media display banners play in the wider insight eco-system compared with the
master-brand and category brand Semantic Engagement IndexTM (a social consumer engagement
metric developed using Linguistics – slide 5)
4. Is there any salient concepts we can use to help us drive online conversations about brand Alpha?
Our approach to understanding this involved developing Structural Equation Model (SEM) – a method
commonly used in social science to connect disparate statistical models and gauge the importance of
latent (unobserved salient) concepts. We created a path model to display the results.
Structural Equation Modelling Correlation is significant at the 0.01 level (2-tailed) Correlation is significant at the 0.05 level (2-tailed)
Consumer engagement as a lower funnel metric within the brand Alpha insight ecosystem
TOTAL COMMS AWARENESS BRAND
ALPHA
BRAND ALPHA MASTERBRAND NET
POS SEITM
BRAND ALPHA RETAIL SALES
VOLUME
0.56
BRAND ALPHA ENGAGED SOCIAL MEDIA VOLUME
0.25
0.21
INSTORE
TV
DIGITAL DISPLAY
TOTAL BRAND AWARENESS
0.15 0.33 0.201
BRAND ALPHA NET POS SEITM
0.45
CARES FOR YOU
MAKES YOU HEALTHY
WOULD RECOMMEND TO
OTHERS
0.21
0.34 0.40
0.16
RADIO
SOCIAL MEDIA DISPLAY
~ 1 Week Lead
0.05
OUT OF HOME
Causal relationship
Co-varying relationship
Brand Alpha Media Spend
Brand Alpha Tracking (% or % endorsement)
Net Positive Semantic Engagement and Engaged Volume
Retail Sales Volume for brand Alpha LEAVES YOU SOFT & SMOOTH
The Role of SEITM within the brand Alpha Insight Ecosystem
Key Insights
1. Offline media transmits through to positive consumer chatter via awareness channels.
2. Digital display is strongly associated with consumer engaged volume for brand Alpha on social
media.
3. Positive social chatter about brand Alpha is strongly linked with agreement on intrinsic brand
Alpha attributes (including likelihood to recommend) from survey based tracking.
4. The net SEITM (positively engaged consumer chatter) is positioned closer to retail sales as
opposed to social media display which is more of an upper funnel metric, driving brand
awareness.
About Us
The Semantic Engagement Index (SEITM) is a product of Stance-Shift AnalysisTM*. Published and peer
reviewed, Stance Shift AnalysisTM reveals what really matters to the consumer. This is the underpinning of
our approach to measuring social media commentary. Stance-Shift measures consumers’ verbal shifts in
positioning as they talk, where the “shift” infers a landmark change in emotion, intensity, appraisal and
commitment towards a subject (brand, topic, campaign or concept)
This approach enables us to solve for what others miss: Size, Trend and New Concepts.
Two levels of scoring:
1) Emotion and Commitment is understood through engagement scoring – far superior to simple words/comment frequency commonly used to create “sentiment metrics”.
2) Adaptive tonality scoring (the + and -) to understand negative and positive sentiment.
The Semantic Engagement Index SEITM integrates our Stance Shift measurement engine to power
consumer insights and advanced analytical modeling.
The Semantic Engagement IndexTM
Stance Analysis: Social cues and attitudes in online interaction, Mason, et al, Linguistic Insights
Michael Wolfe CEO Bottom Line Analytics Global E: [email protected] M: 770.485.0270 www.bottomlineanalytics.com
Masood Akhtar Managing Partner, (EMEA) Bottom Line Analytics Global E: [email protected] M: +44 7970 789 663 www.bottomlineanalytics.com