Written by Team Wizikey
September 23, 2024
Media monitoring involves tracking various media outlets—print, digital, social, and broadcast—to monitor brand mentions, industry trends, and competitor activities. It provides valuable insights into public perception, media sentiment, and the reach of brand messaging. Media intelligence software like Wizikey offers tools such as share of voice, narrative insights, story insights, and more, enabling both quantitative […]
Media monitoring involves tracking various media outlets—print, digital, social, and broadcast—to monitor brand mentions, industry trends, and competitor activities. It provides valuable insights into public perception, media sentiment, and the reach of brand messaging. Media intelligence software like Wizikey offers tools such as share of voice, narrative insights, story insights, and more, enabling both quantitative and qualitative analysis of media data across platforms.
Brand success is heavily tied to reputation, which is shaped by public opinion and media coverage. Brands that proactively monitor media can gauge how they are perceived by the public, respond to potential crises in real-time, and ensure that their message resonates with their target audience.
A 2023 study published in the NIM Marketing Intelligence Review, found that brands actively engaged in media monitoring and tracking were able to reduce reputational risks by effectively assessing the severity and frequency of potential issues. Furthermore, media monitoring also helps brands understand how their competitors position themselves in the market, offering strategic pivots or differentiation opportunities.
Before diving into media monitoring, it’s essential to set clear objectives. What do you want to achieve? Do you want to track your brand’s mentions in the media? Understand the sentiment around your latest campaign? Knowing your goals will help you filter the overwhelming amount of data into actionable insights.
Selecting the right media monitoring tools is crucial. Platforms like Wizikey, Meltwater, and Brandwatch provide comprehensive monitoring services across various media channels, including digital media, social platforms, and print.
Track KPIs that align with your objectives. These could include:
Monitor how your competitors are being portrayed in the media. Are they receiving more positive coverage? What strategies are they employing? Regular competitor analysis allows your brand to stay ahead and capitalize on areas where competitors may be falling short.
The most important part of media monitoring is taking action. Use the insights gathered to adjust your PR strategies, refine messaging, or respond directly to public sentiment.
Nike is a brand that effectively uses media monitoring to maintain its global presence. In 2018, when facing backlash for their campaign featuring Colin Kaepernick, Nike’s media monitoring tools allowed them to quickly gauge public reaction across social media and traditional outlets. While the campaign initially drew negative reactions from certain consumer segments, Nike was able to assess the broader positive sentiment and growing support among its core audience.
Using these insights, Nike doubled down on the campaign, leading to a 31% boost in online sales over the following week. Nike’s strategy highlights how real-time media monitoring can turn a potential PR crisis into a brand-defining moment.
According to research, AI-driven models can also assist in identifying key performance indicators (KPIs) and operational improvements. These systems offer advantages in visibility, allowing companies to forecast potential issues before they arise and take preemptive actions to mitigate risks. Media monitoring with AI will thus continue to evolve, becoming indispensable for brands seeking to stay ahead of public sentiment and market dynamics (MIT Sloan) (sloanreview.mit)
For example, AI can analyze emerging social media trends, predict potential crises before they happen, and identify influential media outlets that are likely to drive the most engagement for a brand’s messaging. These advancements will make media monitoring even more indispensable for brand success
Media monitoring is not just a nice-to-have tool; it’s an essential component of any successful brand strategy. By tracking media coverage, analyzing customer sentiment, and staying informed about competitors, brands can enhance their reputation, respond to crises more effectively, and refine their content strategies. With the help of AI and advanced analytics, the future of media monitoring promises to deliver even deeper insights, empowering brands to stay ahead in an increasingly complex media landscape.
Stay ahead of the competition. Register now for Wizikey and harness the power of Media Monitoring for your Brand’s Success
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