Indian Social Media Landscape

Over the past few months, the netizens have been irked about various developments surrounding the much talked about Anti piracy acts and censorship debate. Leading the pack are PIPA and SOPA. Various other issues have also cropped up on similar lines. Concerns pertaining to censorship of social media in India being one of them. For the ease of understanding let’s break them down and do a quick recap on what has been causing the stir in the cyber space.

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. A good indicator of this comes from the Javelin Strategy & Research’s latest report that investigates consumer personal finance behaviors toward social media. According to their report, only one in ten consumers are comfortable using social media sites to review or check account balances.

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.

Let’s take a look at some of the ways in which brands could maximize user engagement in the year to come.

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.

This article of ours was first published in Business Today’s 20th Anniversary edition

It was only in 2008 when social media took its fledgling steps in India. 2011 was the year social media got truly established with Indian corporates as 20 million Indians went social! In 2015, we foresee, an exponential growth and significant innovations as 500 million Indians log on given the high mobile penetration and $35 tablets!

With so much happening, social media promises to be like the plot of a Bollywood blockbuster in the coming years – full of drama, triumphs and twists. Let’s take a quick peek into some of the future trends.

• Emergence of Rural Social Media:

Airtel believes that 700 mn rural Indian Internet users exist that remain untapped. Given that, Indian businesses will have to think rural in all aspects – social communication strategies, customized content as media consumption will be drastically different from urban centers, and rural workforce. Companies will have to divert advertising resources into creating content that is both captivating, relevant and ultimately building brand affinity with the users – be it in the form of videos, applications or plain text.  Also companies will need to educate and nurture rural workforce. After all a 24-year old executive in Gurgaon will not be able to write content for a farmer in Warangal!

• Community Development:

There already is a shift in advertising spends as more monies are being diverted to BTL activities. This trend will see as significant boost as going forward companies will have to start investing in creating and maintaining social ecosystems for their brand. Ecosystems would involve building community of individuals who will spend their time and effort by being not just customers for the brand but also product innovators and ideators! Brands especially those operating in passion-led sectors like photography, bikes, etc will need to identify these individuals and panelize them to seek their ideas from product development stage to marketing and distributing it!

Few brands in India that have taken first steps in this direction are Royal Enfield and Canon. Both companies have built a social ecosystem that helps them leverage it not just for sales but also engage in a more profitable and wholesome manner! By doing that, they are betting that the collective social presence of this group will endorse and influence a much wider and larger audience towards their products as close to 40 million Indians today base their purchase decision based on online reviews.

• Profiles of brand managers:

The biggest change that we anticipate will be a change in the profile of the brand manager. Today, several corporates have global brand teams that manage the larger nuances of brand building and the local teams are involved with execution and activation work around the brand. The profile of the local brand activation team will undergo a drastic shift as social media gains significance. In order to operate successful online communities as mentioned in the previous point, corporates will seek out individuals who exhibit and follow their hobbies & interests that are in sync with their business. A clear case in point is Red Bull that has individuals on board with specific skill sets and inherent passion who lead their various sports & cultural initiatives! Hence an employee list that boasts of former cricketers and sports journalists!

• Social Media for Senior Leadership:

As Indian companies go global, it will be imperative for the senior leadership to build their presence in the social space. Global media would want to know more about the company and its team and would look at social media presence for the same. It is not uncommon today to read CEO tweets as newspaper headlines.

Also senior leadership will have to address other stakeholders – employees, customers and shareholders to help build connect with the company, receive direct feedback on their brands and assure safety on the monies invested respectively. Few good examples of this that come to mind are Mr. Anand Mahindra’s Twitter presence, HCL’s Mr Vineet  Nayyar’s blog and GE India’s CEO Mr. John Flannery’s internal blog meant for employees.

• Individual Celebrities:

Brand endorsers will change completely. Gone will the days where the Bollywood and Sports brigade lapped up everything! Brands will sign up more real life individuals to bring in relevance and connect with their customers. These real life celebrities will be specialists in their own field and hence influencers on social media platforms. Offlate, various writers such as Chetan Bhagat (Revolution 20-20), Ashwin Sanghi (Chanakya Chants) and Sidin Vadukut (Dork & God Save the Dork) have successfully leveraged social media to gain celebrity status! Given that, Huawei India signed Chetan Bhagat so that they could connect with his fan base for their mobile and tablet offerings.