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Selecting an Enterprise Class Social Media Monitoring Vendor. Bill Higbee April 12, 2011. How to Select an Enterprise Class Social Media Monitoring Vendor. 7 Steps to Selecting a Vendor. Define Objectives Define Business Requirements Issue RFI Analyze Narrow Field Issue RFP Analyze
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Selecting an Enterprise Class Social Media Monitoring Vendor Bill Higbee April 12, 2011
How to Select an Enterprise Class Social Media Monitoring Vendor 7 Steps to Selecting a Vendor • Define Objectives • Define Business Requirements • Issue RFI • Analyze • Narrow Field • Issue RFP • Analyze • Select Vendor • Contract Negotiations • Trial • Roll Out to Field Real World Example from AT&T
AT&T Experience - Define Objectives Key Considerations – • AT&T had 4+ Social Media Monitoring Vendors being hosted by different divisions at a significant cost Initial Primary Objective: Recommend a limited number of social monitoring and engagement tools that meet eComm’s requirements • Use a consolidated platform for VOC and User Generated Media data across the organization • Monitor conversations for specific areas or topics of interest • Determine current sentiment of topics for comparative purposes to identify areas of concern and excellence for AT&T stakeholders. • Facilitate direct customer engagement within social channels. • Track and manage social media workflow (including Service, Support and Sales) • Identify areas of AT&T opportunity within conversations • Determine the effect of campaigns, projects or programs whether they occur in social channels or not
AT&T Experience - Issue RFI & Narrow Field Key Considerations – • Social Media Monitoring is early in product lifecycle maturity • Few companies operate at an enterprise level for social monitoring • No vendor currently has “everything” to meet changing enterprise needs RFI Vendors Evaluated:
AT&T Experience - Issue RFI & Narrow Field Sample Questions • Overview of sources monitored (e.g. Twitter, Facebook, Blogs, etc) • Technical ability to ensure clean data, eliminate duplicates, etc • Partnerships with other tools (e.g. tracking tools such as Omniture) • SLA’s and support model • Pricing model • Specific functionality evaluation: • Online secure access with reporting, dashboards, etc • Topic evaluation, sentiment, influence • Engagement tool to interact with customers (e.g. respond to online statements) • Custom alerts around hot topics and track further posts Field Narrowed To: • Attensity / Biz360, Inc. • Cymfony • eVolve24 • NetRatings, (Nielsen) • Radian6 • SAS Institute Inc. (SAS) • Sysomos Inc • Visible Technologies Sample Analysis (no vendor in particular)
AT&T Experience - Issue RFP & Select Vendor Key Considerations – • Remaining vendors asked to complete RFP Questionnaire w/ 10 scenarios • 4 vendors passed and scored for final analysis • Scoring supplied by various business units (Care, eComm Strategy, eComm Sales, Market Research, Public Affairs) Pricing Considerations • Number of Licenses, Topics included, etc • Tool for creating advance and ad-hoc reporting • Data feed to AT&T to store on AT&T’s systems (e.g. raw data, meta-data such as sentiment, etc) • Professional Services (training, education on social media monitoring, etc) • Full-Time Analyst embedded at AT&T for policy creation, education, report creation and requirements gathering (not an account manager) Sample Pricing
AT&T Experience – Timeline & Results • Timeline • Oct 2009: Identified possible need for new vendor • Q1 2010 – Need solidified. Demand exceeded capabilities (e.g. packet loss) • Began: Feb 2010 • RFI Development: March 2010 • RFI Distributed: Mid March 2010 • RFP Distributed: May • Preferred Vendor Selected • In Progress • Contract Negotiations • Trial • Enterprise Roll-Out • Internal Testimonial • Sent: Friday, April 08, 2011 8:44 AMSubject: Attensity360 Monitoring Tool - Update from Consumer Social Media Customer Service • Effective 4/1/11 we started using just Attensity360 as our monitoring tool and we are no longer using (previous vendor) • We are seeing an increase in actionable items in the tool as compared to (previous vendor). Our Monday, Wednesday & Friday volume has increased by over 40%. • The team finds the tool to be much more user friendly and efficient. • We are still working with Attensity360 on several enhancements but the first week has been positive & I wanted to share the news. Return on Investment (ROI) • Ongoing analysis to be conducted. Initial results: • 50% in cost savings • Increase in users by 200% • Increase in Care Cases by 30% • Increase in Content by 30% • Staffing Care Employees to Meet Demand • 27 Employees • 23 Agents (22 working at a time) • 4 managers • 5 open headcount
7 Steps to Selecting a Vendor • Define Objectives • Define Business Requirements • Issue RFI • Analyze • Narrow Field • Issue RFP • Analyze • Select Vendor • Contract Negotiations • Trial • Roll Out to Field Resources All materials developed from AT&T documentation and discussions. Not to be distributed without prior written consent of Bill Higbee