Industry specific brand benchmarking system based on social media strength of a brand
First Claim
1. A computer implemented method for benchmarking a brand based on social media strength of said brand, comprising:
- providing a brand monitoring platform comprising at least one processor configured to monitor said brand in a virtual social media environment;
acquiring input information on said brand by said brand monitoring platform;
identifying industries related to said brand and competing brands in said identified industries using said acquired input information on said brand by said brand monitoring platform;
acquiring social media information related to said brand and said competing brands in said identified industries from a plurality of social media sources in said virtual social media environment by said brand monitoring platform via a network;
dynamically generating categories in one or more hierarchical levels in each of said identified industries by said brand monitoring platform based on an independent analysis of said acquired social media information related to said brand and said competing brands from each of said social media sources;
sorting said acquired social media information related to said brand and said competing brands in said each of said identified industries into one or more of said dynamically generated categories in said one or more hierarchical levels by said brand monitoring platform using a sorting interface provided by said brand monitoring platform;
determining an audience score for said brand and each of said competing brands by measuring an aggregate reach of said brand and said each of said competing brands in said virtual social media environment by said brand monitoring platform based on one or more of a plurality of weighted audience score metric parameters using said sorted social media information;
determining an engagement score for said brand and said each of said competing brands by measuring interaction between said brand and said each of said competing brands and their followers by said brand monitoring platform based on one or more of a plurality of weighted engagement score metric parameters using said sorted social media information;
generating an aggregate score for said brand and said each of said competing brands by said brand monitoring platform using said determined audience score and said determined engagement score; and
determining social media strength of said brand in comparison with said competing brands in said virtual social media environment by assigning a rank to said brand and said each of said competing brands by said brand monitoring platform based on said aggregate score;
whereby said brand is benchmarked in comparison with said competing brands in said virtual social media environment based on said social media strength of said brand in comparison with said competing brands in said virtual social media environment.
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Accused Products
Abstract
A brand monitoring platform (BMP) for brand benchmarking based on a brand'"'"'s social media strength is provided. The BMP acquires input information on the brand and identifies industries related to the brand and competing brands. The BMP acquires social media information related to the brand and the competing brands from multiple social media sources via a network, dynamically generates categories in one or more hierarchical levels in each of the industries based on an independent analysis of the social media information, and sorts the social media information into the categories using a sorting interface. The BMP generates an aggregate score using an audience score determined by measuring an aggregate reach of the brand and the competing brands based on weighted audience score metric parameters, and an engagement score determined by measuring interaction between the brand and the competing brands and their followers based on weighted engagement score metric parameters.
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Citations
26 Claims
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1. A computer implemented method for benchmarking a brand based on social media strength of said brand, comprising:
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providing a brand monitoring platform comprising at least one processor configured to monitor said brand in a virtual social media environment; acquiring input information on said brand by said brand monitoring platform; identifying industries related to said brand and competing brands in said identified industries using said acquired input information on said brand by said brand monitoring platform; acquiring social media information related to said brand and said competing brands in said identified industries from a plurality of social media sources in said virtual social media environment by said brand monitoring platform via a network; dynamically generating categories in one or more hierarchical levels in each of said identified industries by said brand monitoring platform based on an independent analysis of said acquired social media information related to said brand and said competing brands from each of said social media sources; sorting said acquired social media information related to said brand and said competing brands in said each of said identified industries into one or more of said dynamically generated categories in said one or more hierarchical levels by said brand monitoring platform using a sorting interface provided by said brand monitoring platform; determining an audience score for said brand and each of said competing brands by measuring an aggregate reach of said brand and said each of said competing brands in said virtual social media environment by said brand monitoring platform based on one or more of a plurality of weighted audience score metric parameters using said sorted social media information; determining an engagement score for said brand and said each of said competing brands by measuring interaction between said brand and said each of said competing brands and their followers by said brand monitoring platform based on one or more of a plurality of weighted engagement score metric parameters using said sorted social media information; generating an aggregate score for said brand and said each of said competing brands by said brand monitoring platform using said determined audience score and said determined engagement score; and determining social media strength of said brand in comparison with said competing brands in said virtual social media environment by assigning a rank to said brand and said each of said competing brands by said brand monitoring platform based on said aggregate score; whereby said brand is benchmarked in comparison with said competing brands in said virtual social media environment based on said social media strength of said brand in comparison with said competing brands in said virtual social media environment. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13)
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14. A computer implemented system for benchmarking a brand based on social media strength of said brand, comprising:
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a brand monitoring platform comprising at least one processor configured to execute modules of said brand monitoring platform for monitoring said brand in a virtual social media environment, said modules of said brand monitoring platform comprising; an information acquisition module that acquires input information on said brand; an industry identification module that identifies industries related to said brand and competing brands in said identified industries using said acquired input information on said brand; said information acquisition module that acquires social media information related to said brand and said competing brands in said identified industries from a plurality of social media sources in said virtual social media environment via a network; a category generation module that dynamically generates categories in one or more hierarchical levels in each of said identified industries based on an independent analysis of said acquired social media information related to said brand and said competing brands from each of said social media sources; a sorting module that sorts said acquired social media information related to said brand and said competing brands in said each of said identified industries into one or more of said dynamically generated categories in said one or more hierarchical levels using a sorting interface; a scoring module that determines an audience score for said brand and each of said competing brands by measuring an aggregate reach of said brand and said each of said competing brands in said virtual social media environment based on one or more of a plurality of weighted audience score metric parameters using said sorted social media information; said scoring module that determines an engagement score for said brand and said each of said competing brands by measuring interaction between said brand and said each of said competing brands and their followers based on one or more of a plurality of weighted engagement score metric parameters using said sorted social media information; said scoring module that generates an aggregate score for said brand and said each of said competing brands using said determined audience score and said determined engagement score; and said scoring module that determines said social media strength of said brand in comparison with said competing brands in said virtual social media environment by assigning a rank to said brand and said each of said competing brands based on said aggregate score for said benchmarking of said brand based on said social media strength of said brand in comparison with said competing brands in said virtual social media environment; whereby said generated aggregate score of said brand and said each of said competing brands benchmarks said brand based on said social media strength of said brand in comparison with said competing brands in said virtual social media environment. - View Dependent Claims (15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25)
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26. A computer program product comprising a non-transitory computer readable storage medium, said non-transitory computer readable storage medium storing computer program codes comprising instructions executable by at least one processor, said computer program codes comprising:
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a first computer program code for acquiring input information on a brand; a second computer program code for identifying industries related to said brand and competing brands in said identified industries using said acquired input information on said brand; a third computer program code for acquiring social media information related to said brand and said competing brands in said identified industries from a plurality of social media sources in a virtual social media environment via a network; a fourth computer program code for dynamically generating categories in one or more hierarchical levels in each of said identified industries based on an independent analysis of said acquired social media information related to said brand and said competing brands from each of said social media sources; a fifth computer program code for sorting said acquired social media information related to said brand and said competing brands in said each of said identified industries into one or more of said dynamically generated categories in said one or more hierarchical levels using a sorting interface; a sixth computer program code for determining an audience score for said brand and each of said competing brands by measuring an aggregate reach of said brand and said each of said competing brands in said virtual social media environment based on one or more of a plurality of weighted audience score metric parameters using said sorted social media information; a seventh computer program code for determining an engagement score for said brand and said each of said competing brands by measuring interaction between said brand and said each of said competing brands and their followers based on one or more of a plurality of weighted engagement score metric parameters using said sorted social media information; and an eighth computer program code for generating an aggregate score for said brand and said each of said competing brands using said determined audience score and said determined engagement score, said eighth computer program code for determining social media strength of said brand in comparison with said competing brands in said virtual social media environment by assigning a rank to said brand and said each of said competing brands by said brand monitoring platform based on said aggregate score.
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Specification