Displaying items by tag: Consumer Goods
Social data analytics has recently gained esteem in predicting the future outcomes of important events like major political elections and box-office movie revenues. Related actions such as tweeting, liking, and commenting can provide valuable insights about consumer’s attention to a product or service. Such an information venue presents an interesting opportunity to harness data from various social media outlets and generate specific predictions for public acceptance and valuation of new products and brands. This new technology based on gauging consumer interest via the analysis of social media content provides a new and vital tool to the sales team to predict sales numbers with a great deal of accuracy.