Listening is the first part of our Social Media Action Plan – Listen, Engage, Influence
Monitoring social media conversations is now proving to be useful for predicting the stock market levels, acccording to this report from Mail Online.
Researchers from Indiana University noticed the correlation after they analysed more than 9.8 million tweets from 2.7 million users during 10 months in 2008.
An online mood-tracking tool called OpinionFinder also measured whether the users were generally positive or negative and how that changed over time. The team was then able to measure variations in public mood and then compare them to closing stock market values.
The key emotion turned out to be “Calmness” .. which is pretty cool.
What insights are you gaining from monitoring social media?
Also included is the ability to incorporate a widget of the site like as shown here
It’s great that government organisations are recognising the value that they can provide to consumers online, which in return should help their ability to manage traffic conditions. Let’s hope a mobile version isn’t far away.