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.’

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.

Insight in to new Facebook Insights Part I

Continuing our discovery of the new Facebook Insights, we would now look at growth measurement tools that have been incorporated.

Section 3: Growth Measurement

3.1 Like Sources

Facebook included Like sources in the previous iteration of analytics, but this is now more advanced. This number used to be fairly arbitrary as organic Like sources within Facebook were simply expressed as ‘unknown’:

This has now been expanded upon to give a much more accurate view of how people are not only finding the Page, but also how they Like it. Importantly, this is split down for the different functionalities within Facebook. So, for example, one can now see how many Likes the page is getting as a result of another Page posting a link to the brand Page :

3.2 Demographic Reach

While Facebook offered access to the demographic breakdown of fans, now it gives the admins the ability to see the demographic breakdown of active fans. This shows information on age, gender and location for anyone that was exposed to the content, whether they are a fan of the Page or not. As this gives a more accurate indication of who is actually engaging with the content, one might find that if the demographic breakdown here is different to the demographic breakdown of the fans, then you need to adjust the content to better suit these engaged fans.

3.3 How you reached people?

This graph will allow admins to plot different visits to the Page based on how people were exposed to it. That is to say that if most people are finding the Page through ads, then there is a need to improve the organic content.

3.3.1

Another insight is ‘unique users by frequency’ that gives the average number of times someone engaged with a piece of content. So, for example, one can now see how many people were engaged with your content once, versus the number of people who were engaged with the content 3 times. This counts people that viewed the content, as opposed to commenting or Liking for example.

Verdict:

Overall it seems that Facebook has really jazzed up their insights with tools that give more or less a complete picture of the expanse to which the page admin can monitor developments without having to rely on external softwares. The various new tabs, sub tabs and sections introduced give a real time happening about the brand’s engagement with not only its primary audience (users) but the secondary audience too.

This development also means that as an owner one can gather various data and analytics and determine the course of the page. What kind of content is a hit with the users, what’s not, what will perhaps be received with much enthusiasm, by whom, how etc.

With features such as the Timeline and Subscribers already gaining popularity, carefully integrating the insights with these could only spell wonders for brands. Of course, it does not take away the fact that it becomes a little too complicated from a strategic viewpoint and the results are yet to be seen.

Do you use Quora? Should you use Quora? In the last couple of weeks, Quora has become the trendy pick as a breakout site for 2011. Traffic increased tremendously in December but then more than doubled again in early January, as per information released on Quora couple of weeks ago.

What’s the noise all about?

Quora is an online knowledge market, founded in June 2009, launched in private beta in January 2010, and made available to the public on June 21, 2010. Quora aggregates questions and answers on many topics and allows users to collaborate on them.

Quora’s service allows users to ask questions and give answers. Additionally, users can comment on the questions and answers and “upvote” or “downvote” the answers. An “Answer Summary” can be created to reflect the consensus of the community. This summary is a wiki that can be edited by any registered user. Recently a blogging feature called Quora Posts has also been added.

Upvote and Downvote Option

Who is behind the noise?

Co-founded by Adam D’Angelo (Facebook’s former CTO) and Charlie Cheever, it received funding from Benchmark Capital in March 2010, valuing the start-up at a rumored $86 million. Matt Cohler, a former Facebook executive, has taken a board seat at the company.

Co-founder Adam D'Angelo and Charlie Cheever

Why so much of noise?

On December 26, 2010, Robert Scoble, a technology evangelist who earlier was at Microsoft and is known for his prominent blog Scobleizer, blogged ‘Is Quora the biggest blogging innovation in 10 years?’ This effectively endorsed the site as the next big thing.  PC Magazine, Techcrunch, TNW and FastCompany were amongst the many media outlets that quickly followed.  This, coupled with social graph on-boarding with Twitter, Facebook and email integration, lead to truly viral growth.

Pegged as a reverse blogging site rather than a simple Q&A site, Quora is trying hard to establish itself as an alternate to Yahoo Answers. According to the co-founders of the site, Quora is canvas waiting to be painted upon. “When you come to a question page on Quora and it’s blank there are a bunch of people waiting for the answer. An expert will look at it and say there’s an audience here and I know exactly what they want to hear. And I actually know about this stuff, or know enough to research and produce a really interesting piece of content, and it’s going to go to the perfectly targeted audience who opted in to hearing about this.”

What seems to be giving Quora the edge over other sites is the fact that each response has to be supplemented with the user’s real identity. This makes the answers that more authentic and believable. People say they feel smarter after they use Quora.

The magic of revealing the identity lies in something about the quality of the people and the content. Real discussions break out on Quora all the time. The signal to noise ratio is extremely high. Quora is a great place to find answers about products from prominent people involved with them. It’s also a great place for those prominent people to disagree, publicly. And this gives it a clear advantage of being live and buzzing.

How is the noise being created?

Quora is solving the problem that Google’s been trying to solve forever – creating the database of intentions. The most important thing about searching is to have a properly framed search string that will lead the searcher to the desired result.

In most of the cases, this perfect question has already been framed and been answered. All one needs to do is find it. And that is exactly what Quora is doing. This cuts out the link web that google provides for a query, or avoid the mindless answers people post on Yahoo answer. And unlike Linkedin, where you may get a great answer, you are not restricted to how many questions you can ask or look for.

Has Quora found a voice in India?

Not yet. Though according to Google AdPlanner, Quora has 30,000 unique monthly users in India — around 8% of total Quora users. Most people who use Quora in India are just beginning to get a feel of how this unique platform works. But make no mistake, going by the rate at which Scribd became the place to research for information in India, Quora will soon be amongst the most popular research site. Just for reference, while researching for this article we came across this question on Quora: “What are the key differences in economic policy of China and India?” which had two responses. Suffice to say, this is a great starting point for any researcher.

Finding its footing in India

Quora could do to Google and Yahoo Answers what Facebook did to Orkut and MySpace, make Q&A sites more social and fun. Whether the noise and excitement survives post the initial euphoria will have to be seen. It’s early days but the concept could do well if the quality of the answers remains high and spam remains low.

To read more on Question and Answer site, check our previous post.

This is the second section of the research that we have carried out on social media with respect to India. Do read the first section.

Part 2 – To map out the current usage pattern of social media of Indians

Q5) How much time do you spend everyday on blogs, social networking and uploading photos and videos?

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It is really surprising to note that more than 1/3rd of the respondents spend more than 30 minutes everyday on social media sites.