Aviation industry has always looked at doing things in their marketing plan that can match the service quality that they offer in their flights. With increasing cost of advertising and marketing, innovating in these areas would only add to the ever increasing cost of the industry. Social Media, hence, has emerged as a very feasible platform for the industry.

Getting your routes right

Social Media engagement has allowed airlines to create awareness about their flight route. Effective planning has not only made the brand come out with better recall but also enabled an increased awareness of its network.

This is 21^st century. Here, we pin our interests and how? Pinterest, one of the fastest growing social networking platforms in the recent times, boasts of acquiring close to 12 million unique users in a little over a month and is already creating shockwaves across the web.

Touted to be one of the hottest start ups, Pinterest that came into being in March 2010 has lots in its arsenal to be claiming so. As Wikipedia puts it across, ‘Pinterest is vision board -styled social photo sharing website and app where users can create and manage theme-based image collections.’

Banking sector has always been very careful of adopting new technology and rightly so. While technology will eventually make life convenient for the consumer, the banks need to venture in to new space only when they are absolutely sure that the financial data of the consumers are not compromised at any stage.

The Truth

While 800 million people may be on Facebook, it would be interesting to see how many of them would actually go ahead and use this platform or any other social media platform for that matter for actual banking transaction.

The year 2011 has borne witness too many ups and downs and dynamism in the world of Social Media. Radical changes in the interface for two of the most ubiquitously popular Social networking sites, Facebook and Twitter, Klout’s remarkable drop in the ranks, Google+ and Facebook in close encounters, viral videos being recognised as a potent medium to catch eyeballs, augmented reality entering the Social Media Space et al.

No less than TIME magazine themselves asked whether Facebook is on a decline. While I understand it’s fashionable to ask whether products that are seemingly approaching the plateau of their product life cycle – are dying out, I do not think Facebook’s going anywhere.

And why? (I like to analyse questions like these from an emprical and this-is-how-we-work way rather than cull out numbers, graphs and stats that can be used to say anything)

1. It’s become our Flickr and Picasa: Apart from professional photographers and enthusiasts who benefit from pro features, I can’t recall too many people using either service anymore. Let me put it this way – you’re just back after a vacation. Or a friend’s birthday party. Or just transferring photos you’ve taken using your phone cam. What do you do with them? My guess is, Facebook and tag. And one doesn’t need stats to say how important photos are to the Facebook experience.