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.

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.

The question about digital technology and its place in academia is one that is yet to be clearly answered. Understanding the benefits and costs of using digital technology is crucial when deciding if a particular tool, site or package may be used in universities.

Harvard University Twitter Handle

Universities are constantly exploring new ways to use social media to fulfill their missions of engaging and sharing knowledge with their constituents. Here we look at few ways in which universities can use social media without distracting the students.

Reaching out to the world

Social media tools like Facebook Pages have given universities an opportunity to speak to audiences on their own, reaching thousands of people interested in keeping up with news at the school and connecting with others on the social network.

Insight to the campus life

Perhaps the most common way, and the way in which most of us use social media, is sharing information about ourselves or things we find interesting. Because universities are educational institutions, they use social media to highlight their experts, as well as the resources they make available to the public/student. The point is to try to educate and provide a glimpse into what the institution is like.

Showcase work

Aside from sharing news and information, social media is often used in showcasing student and faculty work. That can be as simple as featuring photos taken by students through a photo album on the university’s Facebook page. Or it can take the form of an elaborate YouTube video by students as a class assignment. The idea is to let the general audience know what kind of work is being carried out in the university.

Getting Innovative

Rather than just use social media to promote specific events, some universities employ the tools to provide a place for the university community to engage and participate in the event as it is happening. This can be done through live streaming videos or collecting tweets during commencement through a common hashtag. This allows students and others to report on the event happenings as if they were being attended.

Hashtag Communications

Emergency Service

Emergencies and tragedies do happen. With the growing popularity of social media tools like Twitter, some universities are finding it easier and quicker to spread news during an emergency by complementing their e-mail and text alerts with a Tweet and a Facebook message or post. The University of Minnesota has an Emergency Notification group on Facebook that it uses to blast messages to its 2,300 members during a case of an emergency. It provides another way to reach students who spend a lot of their time there during critical situations.

Alumni Relations

Another key element of using social media is to keep the alumni body connected. With ever growing number of students passing out each year, keeping up with everyone becomes a task. Universities have utilized the services of groups and pages to get the alumni members stay connected. This not only helps connect various batches, it also gives opportunity to draw on resources that may be readily available to the university through its ex students database.

Providing Jobs

The key element of Universities is to provide jobs to the students. Some universities have used the social media platform to source out placements for students through the alumni members. Alma Mater is the best starting point for placements and a connected alumni cell with placement cell has made job search that much easier. The secret groups of Facebook seems to be a very popular tool not just to get fresh offers but also to source out the best job change for the members.

Job Forums

The benefits of social media to help students search for information, learn to communicate effectively and work collaboratively are well documented. There are resources to help academics consider the advantages of using social media in universities. They provide advice on using blogs, social networking sites, social bookmarking, collaboration, presentation and information management tools, and more for academic purpose. All it needs is for the universities to cease the opportunity and use the tool in the best possible manner.