How Mindshare embraced social listening to seize clients’ audiences MINDSHARE X NETICLE CASE STUDY INTRODUCTION Media agency Mindshare is present in 86 countries of the world, one of them being Austria, where it is among the largest ones. They offer a wide range of services such as account management, analytics, strategy planning and consulting, to renowned clients from the banking, retail, and automotive sector among many others. The business planning team of Mindshare has been cooperating with a text and media analytics company, Neticle, to provide trend & competitor analysis through real-time media monitoring and social listening to some of their clients - in this case study, we will specifically highlight how these services are used at UNIQA. Neticle’s media intelligence solution searches the internet (articles, forums, social media posts, comments) for any brand’s or product’s public mentions, then analyses the collected mentions with the help of its algorithm, nearly with human precision. Every month, Neticle’s team sets up 150 keywords for Mindshare and searches the Austrian web alongside these to collect and analyse relevant mentions of them. Based on the results, Mindshare create trend forecasts and analyses for key sector players. 2 THE PROBLEM A NEED FOR SPEED IN MEDIA ANALYTICS About fifteen years ago, a new paradigm was born in the world of agencies: adaptive, real-time marketing. It meant that, instead of having to wait for your campaign to be over to analyse the results and plan your next move, you could change and optimize everything on the go, while it was still running. Of course, this stemmed from a need for speed in our ever- developing world, and marketers had to find the tools to match the task. To observe campaigns through social listening and media monitoring is in itself a new, modern method of research: it means you do not have to hassle with questionnaires or focus groups, you can simply open your digital “ears” and hear what your customers have to say all over the web, unaltered by perhaps wrongly worded questions or unrepresentative sampling. This is why Mindshare also started using digital monitoring and trend research tools around 2010. Throughout the years, they have worked with quite a few, continuously upgrading to better ones as technology improved and as the world of marketing demanded more and more in terms of detail and speed. Since 2019, Mindshare have been using Neticle Media Intelligence because of the amount of data it provides, and the ability to dig down into that data in a transparent way. 3 A SUCCESSFUL TRIO: YOUR BUSINESS, MINDSHARE’S MARKETING, NETICLE’S TECH But how does it work? Mindshare usually operate based on clients’ projects. The first step is a detailed discussion: clients know their own market, but also want to monitor and learn about the latest trends, patterns and relevant product or service categories. After identifying the client’s goals, Mindshare do some free exploration and web search, and then turn to Neticle to refine and adjust the research steps. Along the way, Mindshare learn from the feedback clients give to develop the project or alter their focus where necessary. THE SOLUTION TRANSFORMING BIG DATA INTO SMART DATA The data Mindshare receive from Neticle helps them build communication strategies for clients. It allows them to produce content that actually matters to the audience. The data can be sorted into three categories: general brand mentions (where and what was said about the brand at what time, who said it and why) the important topics related to the brands in any way (eg. sustainability) instances where brands and top­­ics are mentioned together in the same place 4 Besides understanding past results that are useful for housekeeping, the process is also future oriented: Mindshare want to prepare their clients for upcoming trends and get them ahead of competitors. That is why their Loop Room was born, an exciting development which made their work even more professional. ALWAYS STAY IN THE LOOP The Loop Room was created in Vienna as an embodiment of real-time marketing: it is an integrated way of working with all kinds of data sources in a big data room. For each of the following categories and media types, two screens continuously display incoming data: CONTEXTUAL PAID the environment of the campaign, this could be anything from weather conditions to elections or popular internet trends how display ads and SEO are doing in the campaign OWNED the client’s own website and other channels EARNED the results of social monitoring, a live ticker and the share of voice (among others) are all displayed on pie and bar charts - Neticle is one of the key data sources for these 5 Through keeping a close eye on all media types and the context too, the marketing and communication of live sport or music events (like soccer games or the Eurovision contest) can be altered in real time. This is a great strategic approach: the gathered data is analysed and then fed back into the system to change processes where necessary, and so the loop is complete and continuous. „For Neticle, it is not enough to give clients some numbers. They always focus on the reasons behind the events, too, to tell us why things happened the way they did, and they give us actionable suggestions.” Niklas Wiesauer Managing Director, Innovation & Strategy A SUCCESSFUL PARTNERSHIP: UNIQA A great example of how a company benefits from all the data that Mindshare and Neticle can gather and analyse is UNIQA. UNIQA and Neticle had been connected via UNIQA’s former Open Innovation department and were then both involved in the 4th weXelerate batch in 2019. Throughout the years, Neticle have always been open to UNIQA’s changing needs, while UNIQA maintained their innovation focus and refined what Neticle could do for them. 6 The insurance company have also been working with Mindshare for more than 3 years, and when Mindshare and Neticle started cooperating as well in 2019, they gained additional information about their campaigns. UNIQA enjoy working with Neticle because of the insightful analyses they get, which save them a lot of time and give them direct tips on what to do next or what to change in their strategy. UNIQA’s analyses generated with the help of Neticle Media Intelligence contain the numbers and detailed explanations of: • online mentions (broken down into positive, negative and neutral categories), • the share of each media type/ platform, • the most active websites, forums and authors, • social media interaction numbers, • engaging posts, topics and authors, • key topics and their reputation, • the potential number of reached users, • detailed analysis on given products, • ...and much more. “Social listening gives us the advantage of being aware of online conversations that we might want to join immediately. It brings us closer to our customers, our community. Neticle’s analyses contain meaningful insights we can build on every time, while our input and needs are always taken care of quickly!” Klara Trautner Head of Communication Not only do UNIQA receive a detailed picture of their own activities and reputation: Neticle’s analyst team also prepares monthly analyses for them of the insurance field as a whole. Besides, automatic PDF reports can be downloaded any time when in-the-moment- data is needed. The cooperation does not only support the UNIQA Communication team: Neticle’s analyses are valued in several departments when decisions are made. 7 BENEFITS A SUMMARY Any brands or businesses who decide to cooperate with Mindshare and Neticle will gain the following benefits: • deep insight into their online reputation; • the exact online results of their campaigns and activity, and the reasons behind; • ability to change campaigns in real time; • knowledge of their competitors’ online activity and reputation; • content that actually matters to their audience; • being prepared for upcoming trends. For Mindshare, the cooperation with Neticle has been useful because the brand mentions Neticle uncovered and the key topics found in them have helped them build better communication strategies for their clients. They have been able to react to challenges more quickly, incorporate data into their Loop Room visuals and, altogether, it led them to produce the kind of content that their audience truly enjoys and values. Neticle Media Intelligence Intelligent media monitoring, media analysis and social listening. Perfect coverage and understanding in AL, AT, BG, CH, CZ, DE, GE, HR, HU, PL, RO, RU, SI, SK, SRB, UA neticle.com/mediaintelligence David Schmidt International Sales Manager david.schmidt@neticle.com +36203126038