Using Twitter Hashtags to Measure the Digital Signage Industry
Author: Bill Gerba on 2012-12-06 09:34:47
Like a lot of people, I tend to look at January 1st not as an arbitrary date, but as the official starting point for doing things I really ought to have done
during the past year. One easy place to see this in action is in my use of Twitter. I generally don't ever tweet personal stuff, so virtually everything in my Twitter stream
is business related. And since I started using the service in late 2008, my usage patterns have looked something like this: January - lots of tweets every day, multiple conversations; February/March - at least one tweet/day, and perhaps a retweet or reply as well; April - November, steady decline in the frequency of tweets; December: meta-tweets about lack of recent tweets, prognostication about next year. This year, though, I got the feeling that the overall volume of digital signage-related tweets was decreasing, so I turned to my friends at the DailyDOOH
for guidance, knowing that they are pretty neurotic about tracking metrics like that. True to form, DailyDOOH's Andrew Neale quickly turned around a spreadsheet full of data to pick apart.
What can the hashtags tell us?
If you're talking exclusively about digital signage-related tweets, then at the very least we've been roughly stagnant for the past half year:
The most important tag to look at is #digitalsignage
, which is clearly industry-centric and unlikely to be confused with other terms (unlike, for example, #DOOH, which people sometimes use to evoke a Homer Simpson-esque response to something). After considerable growth between September 2011 and July 2012, we've seen a decline in the latter half of this year. #DigitalOOH
(again, likely to be very industry-centric) as well as digitalsignage
(without the # sign) and #DOOH
have all been flat as well. The one exception to this trend is the AV industry-oriented tag #avtweeps
, which has seen nearly 100% growth over the past year, I think largely due to that industry getting organized and more involved with Twitter in 2012.
Are tweets a reasonable proxy for industry activity?
Probably not, but there might be an inverse correlation between the two. According to our Digital Signage Sentiment Index for Q4
, the industry has seen modest but steady growth throughout this year. Other proxies, like commercial LCD shipments and AV equipment sales, have similarly crept up over the past 12 months. So if anything, the decrease
in industry-related tweets might be correlated with people spending more time doing actual work and less time talking about it on social networks. I know that's certainly what happens in my case: come January 1, I return from an end-of-year break and have plenty of time to chat online while business spins back up. By mid-quarter, things are already busy enough that I have to start dropping nonessential activities, and microblogging can take up more time than you might think.
I don't have any practical advice or actionable insights to offer with this little analysis. It was merely something that piqued my curiosity, and I thought might be interesting to other industry observers. At this point, I'd normally say something like "leave a comment with your own thoughts," but as the graph suggests, you're much too busy for that :)
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