Social Listening: Competitive Positioning of Conferencing Tools Amid COVID-19 Pandemic - LatentView
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Executive Summary Business Context In the wake of COVID 2019, there is an increasing demand for remote conferencing tools, as enterprises globally strive to ensure business continuity. This analysis aims at leveraging social data from consumers, to gather intelligence on patterns in product usage, key features and consumer perceptions of different collaborative tools Approach Social data for leading collaborative tools (Zoom, Teams, Hangouts, Slack) were obtained from Sprinklr for the time period of Jan 2020 – March 2020. Natural Language Processing techniques like Sentiment Extraction and Topic Modelling were employed. Nearly one million conversations were processed to identify key topics around each of the collaborative tools and their respective features/sentiment. Brand-Feature perceptions were derived through correspondence analysis. Key Takeaways • Social mentions of remote conferencing tools surged in March, as COVID-19 forced people to stay home. • Zoom by far, emerged as the most popular videoconferencing tool in the social media space. It’s unique features like virtual backgrounds and gallery view were popular among users. However, data privacy and security issues emerged as key concerns. • Teams competed through the release of new features. Though updates were positively released, frequent performance issues and outages were discussed as major pain points. • Hangouts found a higher share of mention in the context of Education when compared to other brands, reflective of Google’s greater clasp over the Education domain. • Slack observed relatively low mentions in the social space, but it’s messaging capabilities were praised over that of 2 other brands.
Zoom Teams Hangouts Slack Remote conferencing tools surge in popularity, as COVID-19 forces people to stay home Volume of Social Mentions Share of Voice (Mar’20) 70K Popular tweets involving 92K +26x +4x +13x +3x the mention of Zoom 8% 60K 163K Viral tweet on Doctors 15% 50K using Zoom 644K 40K Microsoft announces 225K 57% new Teams features 20% 30K Teams faces Google announces free an outage 20K Teams faces access to advanced Zoom noted the highest gains an outage Hangouts Meet 10K in Share of Voice, with a +37ppts increase from the 0K previous 6-month period 1-Jan 8-Jan 15-Jan 22-Jan 29-Jan 5-Feb 12-Feb 19-Feb 26-Feb 4-Mar 11-Mar 18-Mar 25-Mar Key Conversations Share of Mentions Sentiment Drivers (Zoom, Teams) Conversations spikes of Zoom were largely led by organic, user-driven conversations, with Zoom finding its way into • Virtual Backgrounds popular culture mentions. Teams Teams 34% 48% 18% In comparison, spikes of Teams & Hangouts were driven by • Data Privacy & Security official announcements and new feature releases. Zoom Zoom 32% 47% 21% • New Feature Releases Mar-16th outage of Teams, due to a server overload, was Hangouts Hangouts 24% 58% 18% widely discussed. However, performance issues remained Slack Slack 45% 24% 31% • Teams Outage Issue as recurring complaints throughout the month Source: Sprinklr | Time Period: March 2020
Zoom Teams Hangouts Slack Zoom is referred to as an easy-to-use tool, and its widely-appreciated features like virtual backgrounds and gallery view make it popular among users. Several reported incidents of hacks by trolls and Teams & Hangouts users are appreciative of the application’s features data trading allegations have raised concerns about While conferencing capabilities find greater appeal in Zoom, users are data privacy also concerned about the data privacy and security of meetings Brand Association Map Appreciated for collaboration, file sharing and host of recently new feature updates like “Hand Raise”, Teams Zoom Background Blur” and Noise Suppression Performance issues like crashes are key paint points Feature and some of the popular features of competitors Appreciations Data Privacy remain lacking in Teams Concerns Hangouts Conferencing Hangouts found a higher share of mention in the Capablilities context of Education when compared to other brands, reflective of Google’s greater clasp over the Education domain. Audio/Video Quality Complaints Slack found relatively low mentions in the social Slack space, but it’s messaging capabilities are praised over that of other brands N=11K Source: Sprinklr (Twitter, Facebook, Reddit) | Time Period: March 2020
Zoom Teams 225K retweets on a funny tweet involving 11K retweets on tweet involving Zoom 100K upvotes on a meme terming Teams custom background custom background feature Zoom a “shady application” Top comment (6K upvotes) appreciating Zoom’s background feature Source: Sprinklr | Time Period: March 2020
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