New software released by Cisco Systems Inc. on Wednesday makes it much easier for banks, retailers, and other businesses — including your employer — to monitor the mountain of data on social networking websites such as Twitter, Facebook and LinkedIn.
The new SocialMiner software tracks the status updates, forum posts, and blog posts of customers and potential customers in real-time, giving businesses immediate information about consumers’ opinions and preferences. It’s pretty cheap, too: “It can also be purchased for use with a non-Cisco contact center system, Cisco officials say. In each case, SocialMiner costs $1,000 for the server and $1,500 per agent license.”
“With more and more Web-based conversations taking place over these social platforms, it’s now more critical than ever that businesses are aware of what their customers are saying about them and are able to respond to general inquiries or rectify customer service issues so as to enhance and protect brand reputation,” Cisco states in its SocialMiner press release.
According to The Nielsen Company, the average global consumer spent more than five and half hours on social networking sites like Facebook and Twitter in December 2009.
Nielsen also reports that over a million tweets are sent out every hour and 34 percent of Americans have used Facebook, Twitter or other social media to talk about a product or company.
Being able to monitor this vast ocean of information and respond to customers’ concerns has the potential to greatly increase a brand’s reputation, Cisco officials said.
The systematic tracking of information on social networking websites is nothing new. Software such as WhosTalkin and Social Mention already allow companies to compile user-generated data from social media and social networking sites.
The United States government is reported to be involved in the monitoring these websites as well.
Emails show that as part of its intelligence surveillance program, the Pennsylvania Office of Homeland Security monitored the Twitter activity of antiwar activists and anti-G20 protesters, Patriot News reports.
The European Union is reportedly planning to crack down on Facebook and Google, who both collect private data about users in order to sell targeted advertising. The new guidelines will prohibit the downloading and storing of users personal data without their consent.
“The protection of personal data is a fundamental right,” Viviane Reding, the European Union’s justice commissioner, said in a statement.
“To guarantee this right, we need clear and consistent data protection rules. We also need to bring our laws up to date with the challenges raised by new technologies and globalization.”
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