Posts Tagged ‘online banking’


Is “Automated” Costing You Results?

Thursday, February 4th, 2010

by Carol Holden*

Flickr Image: ohad

Flickr Image: ohad

Among all of the lists of trends and predictions for the industry in 2010, as the person in charge of BurrellesLuce Media Measurement custom, Sentiment Analysis (aka tone) jumps to the top for me. Even as more social media monitoring companies add new measurement tools, the question regarding accuracy continues to linger.

In thinking about how to work with a sentiment analysis tool the analogy with online banking comes to mind. Would you continue to pay your bills online or use an ATM if you knew you lost 30 cents for every dollar you spent? Certainly 70 percent accuracy is not good enough for my money. How can it be good enough to reflect the hard earned efforts of an ongoing PR program, which ultimately comes down to money as well? How much staff time would you still need to invest in the sentiment results to make up the difference lost? And how would you pinpoint the percentage of stories that need human review or would you ultimately have to re-review everything?

Forester Principal Analyst Suresh Vital raised some interesting points involving the maturity of sentiment analysis in a recent article on Destinations.com. The most telling point: in talking with his clients, who have deployed some form of sentiment analysis, accuracy rests at about 50 percent.  “In the near term,” Vital says, “human intervention will still be necessary.”

Automated, hybrid, all-human-judgment, please share your experiences in judging the sentiment of your coverage. What is good enough and what can you afford to miss out on?

*Bio: I’ve been in the media business all of my adult life, first in newspapers before going full circle and joining BurrellesLuce, where I now direct the Media Measurement department. I’ve always enjoyed meeting and especially listening to the needs of our customers and others in the public relations and communications fields; I welcome sharing ideas through the Fresh Ideas blog. One of my professional passions is providing the type of service to a client that makes them respond, “atta girl” – inspiring our entire team to keep striving to be the best. Although I have been lucky enough to travel through much of Asia and most major U.S. cities for business or pleasure, my free time is now spent with my daughter, visiting family/friends, and of course the Jersey shore. Twitter: @domeasurement LinkedIn: Carol Holden Facebook: BurrellesLuce

  • Share/Bookmark

Public Relations and Customer Relations: Are You Listening to Your Constituents?

Monday, October 5th, 2009

Remember the old adage, “give someone good service and they’ll tell one other person, but give them bad service, and they’ll tell 10?”? Well, welcome to the world of social media, where instead of telling 10 people, stakeholders can now tell hundreds or thousands of people in under 140 characters.

Last week, one of my friends was complaining about TD Bank. She had not been able to do online banking for at least five days; the phone lines were jammed and deposits were not posting correctly. She was surprised by the lack of media coverage, especially considering the many tweets about the issues. By late Wednesday, TD Bank started talking to the media, so stories started popping up, like this one from NBC New York. But, the issue continued, and customers felt neglected.

PR people can learn from this experience. We all need to be monitoring what is being said about our company, organization or brands on a regular basis, so we can share information before the story takes on a life of its own. We all remember and never want to deal with the likes of this “United Breaks Guitars” YouTube video from a few months ago or the one below.

 

 

 

At the PRSA-NCC Thoth News Seminar last week, Debbi Jarvis, vice president corporate communications, Pepco, relayed their strategy. Jarvis believes it is extremely important to keep communication with the public in the PR department. After all, communicators are trained to be able to best relay the company messages. I spoke with Andre Francis, who manages the @PepcoConnect Twitter account. He is constantly monitoring mentions of Pepco and other industry terms. He has a procedural strategy in place for contacting customers, and getting a sense of their issue. He will ask them to e-mail him a full description, and then he works with Pepco customer care to resolve the issue.

At the Baltimore Public Relations Council’s September Conference, “PR Survival: Online, on the Job and in the Future,” several of the presenters reminded attendees to be transparent and pro-active with their communication to the public and media. In my presentation, I used a BurrellesLuce example, where monitoring Twitter helped us address a complaint and gain a customer advocate.

Can you share some of your public relations/customer relations best practices? How is your organization integrating PR, customer service and marketing successfully?

  • Share/Bookmark