Engagement


clip_image002Corporate data breaches and security incidents pose a growing threat to businesses around the world. Such events are increasingly common, with companies and organizations from Google to Sony to the Stanford University Hospital falling prey to data breaches, news of which was subsequently splashed across national headlines.

Incidents like these, combined with the increasing number of ways to track what people are doing online, are affecting consumer attitudes. Edelman’s new global study, Privacy & Security: The New Drivers of Brand, Reputation and Action Global Insights 2012, reveals that seven in ten people globally are more concerned about data security and privacy than they were five years ago, and a full 68% believe that consumers have lost control over how online personal information is shared and used by companies.

Businesses, however, are not doing enough to meet these concerns. A majority of people (57%) report either no change or a decline in the security of their personal information in the last five years. This is problematic, because consumers think that businesses should be grappling with these issues and that it is their responsibility to do so. The vast majority (85%) say businesses must take data security and privacy more seriously, and a plurality say businesses – as opposed to governments or individuals – are responsible for protecting the security of their personal information.

Edelman’s study also indicates that data security and privacy issues have the potential to affect a businesses’ bottom line. Customers are taking data security and privacy into account at the checkout counter; surprisingly, when it comes to smartphones, personal computers and tablet computers, data security and privacy are as important to them as a product’s design, style and size.

Businesses are also suffering from a trust deficit due to peoples’ concerns about data security and privacy, particularly in the financial and retail sectors. While 92% of people say security is important to them in when doing business with the financial sectors, just 69% trust the industry to protect their personal information – trust lags by 23 points. In online retail, the gap is even more dramatic. While security is important to 84% of those doing business with online retailers, just 33% trust them to protect personal information – a 51 point gap.

To earn people’s trust in their ability to protect data security and privacy, businesses must manage these issues like a core competency, engaging with them in a meaningful way on a daily basis. Businesses that ignore data security and privacy do so at their own peril, because consumers will abandon companies they do not trust to protect their personal information. Those that prove willing and able to manage data security and privacy effectively, however, will bring unexpected value to consumers around the world by demonstrating that they understand the importance of protecting the information people hold most valuable.

Read the full study here. We’re keen to hear your thoughts…

@pete_pedersen

ENTER MUS-GRAMMYS 226 LAIn today’s social media driven world it seems like all companies are using social media and are trying to be the experts in the field. But as we all know creating a Facebook page or Twitter handle and frequently shouting about your brand is not likely to make you an expert in social media. 

This post comes as a result of the Twitter storm that was sparked around Adele the night of the Grammys. This suggests that personalities work better than brands with online conversations often backfiring on brands and advertising often taking over true conversations. Instead, it is about being able to create content which users can discuss, share and recommend while also supporting customer service and experience.

There is no doubt that brands must embrace social media. The fast-changing landscape means that many companies remain confused about exactly why they are on social media sites – beyond the usual talk about building a fan base there are many ways that brands can interact with customers using social media including handling customer complaints, offering discounts and listening to online conversations.

There are only a small number of brands that are using social media to really connect and interact with customers. For example Dell, has a social media ‘listening command centre’ that identifies customer service issues along with brand evangelists. KLM also is using social media to improve customer service and gleam customer insights. They have a unique 24hr customer service platform on Facebook and Twitter, employees held up large poster with individual letters and created a living alphabet that was videoed and sent to customers to spell out customer questions. Unisys also has a social knowledge sharing platform for employees to network and share information.

Another great example of a brand excelling in their use of social media is American Steak house ‘Morton’s’, who identified that a social media guru tweeted about craving a @Mortons steak after a long flight. Morton Steak House acted quickly and used this as a media opportunity organising a number of employees to greet the influencer with a juicy steak at the arrivals gate. This highlights the importance of noticing a PR opportunity and acting fast.

Looking at these brands examples gives useful insights into why these companies are succeeding in social media.The small handful that really are using social media successfully are listening and communicating with their customers by two way communication that is not overly brand biased. Improving customer service is a key theme flowing through the above examples; customers who feel like they are listened too and understood are likely to be more loyal to the brand. Successful brands are talking to customers about what they actually care about.

Brands who demonstrate understanding, creativity and innovative thinking which moves them out of their comfort zones seems to be winning ingredient. 

@T_Bloore

The ancient Mayans are often accredited for their ability to investigate celestial objects in the night sky with primitive tools. Archaeologists have found tablets, which provide evidence of their ability to accurately predict positions of objects, lunar and solar eclipses, often many years ahead.

However much of what the ancient Mayans were practicing bear remarkable similarities to what we now refer to as ‘big data analysis’.

In 2008, the McKinsey Group described the trend towards big data – the technology and practice of handling unconventionally large datasets which, after years of experimentation, has recently seen rising prominence. 

One of the earliest adopters of big data analysis is that of the European Organisation for Nuclear Research, CERN. As a matter of fact, the internet was invented as a method to collaborate and handle the vast amounts of data generated at the facility. Yet what started off as technology for scientific investigations, big data analysis soon quickly found itself in areas such as finance and banking.

Today’s organisations are beginning to recognise that by analysing petabyte upon petabyte of data, meaningful insights and predictions can be accurately made. Yet over 1,700 years ago, Mayans were already analysing data from the observable universe – an unstructured database with 93 billion years’ worth of data.

The Mayan’s obsession of analysing astronomical ‘data’ was not centred around scientific investigation, but more on predictions and justifying rituals. The decision to engage in military conflict was based almost entirely on the movements of Venus and Jupiter.

Interestingly, the modern day practice of analysing big data suggest that we could be following similar movement.

Today big data analysis is being used to help justify macro-social and economic decisions – from investments, economic policy to crime directives and healthcare provision.

Earlier this year, analyst firm IDC even reported that the US Army has implemented a big data cloud program to collect data from unmanned aerial vehicles, to gather intelligence information in near-real time and relay it back to its troops stationed in Afghanistan.

The life of the ancient Mayans revolved around their religion, which they supported through their obsession with astronomical data. This influenced their culture, their every decision and provided what they believed were predictions for the future.

Are we creating a technology-led religion of our own through our obsession with big data and what legacy will we be remembered for when future archaeologists discover our civilisation?

@thelondonblog

Being a member of the Edelman Tech Team provides a constant challenge, no two days are ever the same and you will learn to expect the unexpected.

You need to always be up to date with the latest industry news and developments. My favourite part of the day is the morning paper rounds, reminiscent of BBC Breakfast’s news round up, which helps to keep you up to date with all the latest industry news and development. Part of my daily role also includes account support, liaising with journalists, pitching media stories, proactively news jacking and reporting.

Since I have been here I have worked with a broad range of clients including HP, LinkedIn, SocialVibe and Norton. Because of the range of clients that the Edelman Technology team represents, the work is very varied. So far I have worked on social media programmes, proactively sourced product placement opportunities and helped to introduce start ups to the UK media. The diverse interests and partnerships of our clients mean that although you will be based at the centre of technology you will begin to learn about other aspects of the media industry, from mainstream consumer PR to public affairs and digital. Last week was particularly busy and part of my role included inviting press to a David Guetta event and following up on some work we had undertaken with the Prime Minister.

Edelman takes the development of their employees seriously and the company runs some great training sessions with industry experts. So far, I’ve attended session on issues as far reaching as crisis management, analyst relations and brand strategy which has helped to provide me with invaluable insight into the media industry.

@CamillaEClarke

A very interesting blog post on the FT about changes in the fashion industry caught my attention and I wanted to share the most subversive etail initiative I have ever heard about. 

www.honestby.com is the brainchild of Belgian designer Bruno Pieters. The site will sell a collection of 56 pieces for men and women. But what is groundbreaking about it is its transparency. It is transparent both financially and in terms of manufacturing.

By the time you press “buy” you will know exactly what you are paying for – everything from the material used, weight, who spun it, whether it is organic, a website for the supplier and so on – and you will find this for the fabric, the zipper, the lining, the trim, the label, the buttons, the thread etc. Under “price information” you will find out the cost per meter of the fabric, how much was ordered, how much was used, how much labour was involved, what the mark-up was, and how the profit was used.

High-end fashion has historically been a business built on opacity. Things cost what they cost and the less the consumer knows about the literal value of these, the better off the brands are and the more they can charge. It is precisely this attitude that Bruno wants to change as he thinks it breeds consumer mistrust – and why he wanted absolute clarity in his own brand. He has even gone so far to have said that if orders go up and he achieves economies of scale, his prices will come down.

It seems to me this has the potential to be a real game-changer in fashion, because if consumers get used to having this sort of information available, who knows, maybe they could start demanding it from other brands…

@natfut

honest-by

peasantThe medium was the message in 2011, a year in which revolution and riot were ignited by social media. The persistent insistence that the internet has come to represent a force for democratisation has come under increasing scrutiny. The # is equated to a symbol of equality and freedom, but the extent to which this parallelogram marks out our personal Hyde and becomes a symbol of our own serfdom is something I have recently questioned.

The similarities between social media and feudalism resonate under closer inspection of the ideologies underpinning the two systems. In announcement prior to the announcement of Facebook’s IPO, Zuckerberg announced "we don’t build services to make money; we make money to build better…” Feudalism, a system based on social interaction, functioned on a peasants willingness to toil to maintain a space in return for protection, nourishment and submission to authority.

The reciprocity of relations in feudalism echoes the reciprocity of relations in feudalism. Social media is reminiscent of feudalism as we work to rent a segment of cyberspace (a Hyde), be it a profile page, a news feed or a channel, from a corporation (or a magnate) ie Facebook, Twitter or YouTube. Like feudal lords these sites (estates) profit through our willingness to work for free and pay for our space through site maintenance. Because we do not give capital for our segment of cyberspace, we pay for it in other ways.

Just as the serfs had no control over their regulating authorities, we too have no space to protest over site updates (for example, the introduction of Facebook timeline). When taken in this context social media appears on an oddly retrograde. It is then that the uprisings of 2011 become the doppelgängers of the Early Modern Peasants Revolution.

Both Luther and Swedenborg were inspired to action partially due to the apparent corruption in the feudal system and the arrival of new media which allowed them to disseminate a message of egalitarianism and revolution. The reformation changed the shape of Europe. However, what has become clear in the wake of the revolutions in 2011 is the difficulty which users of social media have had to impact on any lasting or meaningful change.

@camillaEclarke

journo

The last decade has been something of a whirlwind for traditional media. Old school stereotypes of trench coats, smoky newsrooms and 4pm deadlines have been replaced with 24-hour reporting, the internet and social media.

Despite the challenges that traditional media has faced and will continue to face in the near future, the 2012 Edelman Trust Barometer, published last week, revealed some extremely positive news for the world’s media.

They were the only industry that saw a global increase in trust.

In a time in which there is global disillusion with government, business leaders and traditional figures of authority, the role of the media to provide the public with facts, transparency and both sides of the story is more important than ever.

I do not think this comes as a surprise. In a world of economic uncertainty I believe that it is only natural that we turn to the industry built on the grounds that it provides accurate and fair information, designed to educate us on important issues.

While trust in all media, that is traditional, social and online, saw an increase in trust, i believe that the biggest opportunity to affirm itself as the place we turn to first for news lies with traditional media.

Traditional media have the advantage of being long-established news outlets with a rich background in news reporting. However, in order to truly fulfil this potential, they must ensure that they embrace the modernism’s that have changed their industry, and continue working towards providing a diverse and content- rich service.

The Edelman Trust barometer also indicated a 75% increase in trust in social media, a figure very difficult to ignore. While traditional media have made great progress in incorporating this into reporting, I believe that there is still much more room for improvement.

By incorporating social and digital content with traditional news articles, publications can create news packages that will enable them to not only reach wider audience, but also develop more comprehensive content and effective audience engagement.

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