Is Big Data And Data Analytics Relevant For Social Media?

We live in an age where people constantly interact with each other. With the rapid development of social computing and the proliferation of social networking services, much of social interaction is mediated by information technology and taking place in the digital world.

The average internet user consumes large amounts of digital content and shares it every day through popular online social services such as Facebook, Twitter, YouTube, Instagram, and SnapChat.

The popularity of social media and computer communication has led to large-scale and highly significant data on digital social interactions with various social uses and rich meanings including communication texts, photos and videos for entertainment, self-portrayal, news exchange and other third party content on social networks. The Socialdata explosion led to trends and studies on the emerging topic of social media analysis and Big SocialData.

Big social data refers to large volumes of data related to people or describing their behavior and social interactions mediated by technology in the digital realm, while social media analytics collects information from social media sites, blogs, etc. and uses it for a business or to make decisions. The indicative size and richness of this data opens up enormous potential for use and analysis for personal, commercial and social purposes.

BigData and social networks

The most important concept for understanding the impact of BigData on social media marketing strategies is that social media is part of Big Data. That is to say, social networks are one of the most important sources of BigData, since 90 percent of the data available in the world has been collected in the last two years only from “unstructured” sources, such as social networks, and this is an ongoing process. This infinite stream of social media content is actually what enabled data analytics to flip a “big social data analytics” coin.

Big data in social media analysis

The main goal of Big Data Analytics is to help organizations make better business decisions, forecast the future, analyze a large number of transactions in the organization, and update the form of data used by the organization.

An example of big data analytics is a large online business website like Flipkart, Snapdeal uses data from Facebook or Gmail to display customer information or behavior. Big data analytics enables analysts, researchers and business users to make better and faster decisions using previously inaccessible or unused data with the help of large dashboard-based reporting services.

Using advanced analytics techniques such as text analytics, machine learning, predictive analytics, data mining, statistics, and natural language processing, companies can analyze previously unexploited data sources independently or along with existing business data to gain new insights that lead to improvements and decisions. Faster.

It helps us discover hidden patterns, unknown correlations, market trends, customer preferences, etc. It leads to more effective marketing, income opportunities, better customer service, etc.

Analysis of this vast amount of social data can be done using predictive analytics, content-based analytics, audio and video-based analytics, statistical analysis and data extraction that can be used in application areas for clients of:

A) Behavioral analysis

B) Site-based interaction analysis

C) Development of recommendation systems.

D) correlation prediction

E) Customer interaction, analysis and marketing.

F) Use of the media.

G) security

H) social studies

Big Data Benefits in Social Media Analytics

Content is information, just like views, likes, shares, followed, retweets, comments, and downloads. When we think of big data in terms of social media, we must first realize that it is not separate from one. Social media is no longer just a corporate choice, it is a necessary ingredient for success.

Therefore, to be effective, any analysis of social media marketing data must be viewed in the broader context of all companies’ market penetration, brand share, and other investment returns. This correlation between social media and big data reinforces new marketing strategies.

The size and scope of big data allows for the creation of more predictive analytics methods, and marketers can now see more clarity in the future to gauge the potential effectiveness of a strategy, rather than relying on past performance.

This will encourage the development of new approaches aimed at predicting customer behavior and can help reduce the amount of costly and timely A / B testing a marketer must perform. With Big Data ETL Tools, retail business can increase operating margins by more than 60 percent (McKinsey & Company report)

This shift to big data will also help in the era of custom algorithms, allowing individual companies to analyze their marketing efforts, and the rapid rise in this new format for data analysis will allow small businesses with limited resources to compete in one field. fairer. Even with its biggest and richest competitors. Marketing success will increasingly be measured not by the number of interactions with your data, but by the relevance of your set of objectives relative to your specific goals and objectives.

Lessons from the past show that there are winners and losers in any step towards a new change and there will also be winners and losers in this transition to Big Data Services. The winners will be those who take advantage of new technologies, new methods of customer acquisition and engagement, and, most importantly, new possibilities for creating user experiences on emerging platforms.

Do we really put fate in the hands of others? Or do we want the best when it comes to emerging trends in social data analytics to maximize profits?

Let’s start radically transforming ourselves today with Advanz101 Big Data Analytics Solutions

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