New Media, Big Data and Telemetrics
Today predictive technology is commonplace (Siegel) and you may or may not be surprised to know it affects everyone. In todayâs technological world everything is digitized and recorded and creates data. This data has helped us find out things as menial as âVegetarians miss fewer flightsâ to more important things such as âEarly retirement decreases your life expectancyâ. All of our actions (including medical procedures, credit application, spam email and purchases of any kind) are recorded and used by businesses to target advertise to us. But with 2.5 Quintillion bytes of data per day, itâs no wonder predictive technologies are employed to sort through all of the big data.
Image Source -Â http://storagegaga.files.wordpress.com/2011/10/big-data.jpg
âPrediction serves the organization, empowering it with an entirely new for of competitive armament, corporations positively pounce on prediction.â (Eric Siegel, 2013). These technologies are constantly improving prediction where the technology literally learns to predict - it transforms these doctor visits, credit applications and films you watch into trends and information that these companies can use. There are many companies which use this technology to predict all sorts of things. For instance, Wall Street actually has been known to predict demand by following trends across the general publicâs activities on twitter! Other more direct methods include determining age, sex and interests to better advertise to your needs.Â
One example of direct target marketing is the franchise Target, which uses certain algorithms that are able to determine pregnancy, so accurately in fact that it is able to zero in on the exact trimester the customer is in and advertise accordingly. They are able to determine this through certain items that the customer has bought. There was a case in the US where a teenager was receiving all of this junk mail from Target advertising cribs, diapers and baby clothes. The father was enraged and complained to Target about how this was promoting teen pregnancy - it turns out the teenager was in indeed pregnant and Target knew even before her father did. I thought this was very disturbing as I believe that our privacy is being exploited with news as intimate as pregnancy. In this particular case I believe it should have been the teenagers daughters decision to tell the father and not have a company indirectly tell him of his daughters pregnancy. Asking the question - is privacy over?
It is undeniable though that new media data collection gives companies that much needed competitive edge. Twitter has had such a positively large impact on accumulating data for big data and telemetrics. Nowadays big companies can use big data to their advantage, using telemetrics to measure the social media engagement with certain television shows. In âTelemetrics: Towards Measuring Social Media Engagement with Televisionâ Woodford, Prowd and Bruns talk about a âTwitter Excitement Indexâ where they were able to measure the volatility of Twitter discussion throughout the television show being aired. Thus they could perform show-to-show comparison of audience engagement allowing comparisons across genres and between networks as well as countries. I was really interested in this as the filmmakers of the television shows could see what the audience liked and change the future shows accordingly to appeal to the audience. Below is an example of the tracking of the tweet discussions from an episode of American Horror Story.
Image Source: Figure 4 Woodford, Darryl, Katie Prowd and Axel Bruns. (forthcoming). âTelemetrics: Towards Measuring Social Media Engagement with Television.â pp. 2
I believe the examples I have given above really demonstrate how empowering telemetrics and data collected from new media social networks are for companies. Though at the same time we must take into consideration the ethical implication of our data being used for companies to target market us.Â
References -Â
Siegel, Eric, (2013). Introduction: The Prediction Effect . In Siegel, Eric, Predictive analytics : the power to predict who will click, buy, lie, or die, (pp.1-16). Hoboken, NJ: Wiley.
Hill, Kashmir, (2012). How Target Figured Out A Teen Girl Was Pregnant Before Her Father Did. Accessed May 10, 2014. Available at:http://www.forbes.com/sites/kashmirhill/2012/02/16/how-target-figured-out-a-teen-girl-was-pregnant-before-her-father-did/
Woodford, Darryl, Katie Prowd and Axel Bruns. (forthcoming). âTelemetrics: Towards Measuring Social Media Engagement with Television.â
















