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Is Social Media’s Newest Sweetheart the Real Deal?


@interpolate                                           @teresacaro


                     DOWNLOAD THE PAPER
                  www.engauge.com/insights/pinterest

                          #pingauge                      #pingauge
THE SPOTLIGHT




@teresacaro                   #pingauge
YOUR CONSUMERS




 @teresacaro                                                                  #pingauge
http://www.prav-talks.com/wp-content/uploads/2011/10/facebook-marketing.jpg
YOUR WEBSITE




@teresacarohttp://startinbusiness.com.au/wp-content/uploads/2011/05/website-building.jpg              #pingauge
                 http://www.123rf.com/photo_7053272_a-vintage-theater-spotlight-on-a-white-background.html
YOUR CONTENT




@teresacaro                  #pingauge
CONNECTIVE TISSUE




@teresacaro                       #pingauge
AGENDA


•   Definition: What is Pinterest?
•   Trends: What is Driving the Pinterest Craze?
•   The Data
•   The Opportunity
•   HPCC Systems for LexisNexis® Risk Solutions

                                             #pingauge
WHAT IS
PINTEREST?


             #pingauge
A VIRTUAL PINBOARD




@teresacaro                 #pingauge
IMAGES FROM MULTIPLE SOURCES




              Upload it - “Pin-it” - Pinmarklet




@teresacaro                                       #pingauge
FOR VARIOUS NEEDS




@teresacaro                #pingauge
CREATING DIY SUPER HEROS

       A recent Engauge Power Panel study* showed that
       90% of people said they use Pinterest to
       get ideas. Some even said that it makes them “feel
       like they can do anything.”




         *External and internal polling group


@teresacaro                                             #pingauge
AND A POWERFUL MARKETING TOOL




@teresacaro                        #pingauge
WHAT’S DRIVING
THE PINTEREST
   CRAZE?

             #pingauge
LIFE IS FLUID & NEEDS TO BE SHARED
  • Volume & availability of content
  • Niche communities
  • Growing comfort & interest in curating and sharing content




        Planning            Experiencing          Recapping
@teresacaro                                              #pingauge
CONTENT CREATION TO CURATION

      “People stare into a fire hose of information every
      day, and it’s having an impact. They’re actively seeking
      ways to not only filter and organize what they find,
      but also to less stressfully consume more content.”




@teresacaro                                                      #pingauge
THE DATA


           #pingauge
METHODOLOGY
           We obtained the data below by reviewing publicly accessible Pinterest
           user profiles and cleaned, processed and analyzed the data using the
           HPCC Systems Big Data platform.


           The bulk of the data discussed in this paper was obtained from spidering through
           Pinterest user profiles obtained from Google search results and scraping the relevant
           HTML. We also used frequency lists of gender and forename provided by the U.S.
           Census to help determine the gender of Pinterest users. The scraping method was
           chosen because Pinterest did not have an API at the time analysis began. After this
           project had started Pinterest briefly announced an API, then pulled all information
           about it, but left certain parts of the API publicly accessible.




@engauge                                                                                 @interpolate
THE AVERAGE PINTEREST USER




                             #pingauge
WHERE PINS COME FROM




           The top ten sources of pins by number of pins with the percentage of
           total pins, and percentage of the top 10.

@engauge                                                                          @interpolate
SOURCES OF PINS BY PERCENT OF TOTAL
                 AND PERCENT OF TOP 10




@engauge                                         @interpolate
CATEGORIES




           * Top categories and percent of Top10 by category.

@engauge                                                        @interpolate
LOCATION. LOCATION. LOCATION.




  * Top locations and percent of Top10 by location.

@engauge                                              @interpolate
TOP 10 SOURCES BY CONTRASTING CITY




@engauge                            @interpolate
OPPORTUNITIES
 FOR BRANDS


                #pingauge
SHEER MOMENTUM

                                 Month;over;Month(Referral(Traffic(Growth(
   50%%




   40%%




   30%%




   20%%




   10%%




    0%%
           PINTEREST(      LINKEDIN(     YOUTUBE(      FACEBOOK(   TWITTER(   GOOGLE(   GOOGLE+(

   !10%%




   !20%%




@interpolate            * January 2012 study by Shareholic                              #pingauge
SEARCH ENGINE OPTIMIZATION




                PINS + BACKLINKS = VOTES




              • http://hlcaldwell.wordpress.com/2011/10/22/an-interest-in-pinterest/
              • http://www.can2010angola.com/wp-content/uploads/2011/10/backlinks.jpg

@teresacaro                                                                             #pingauge
CONNECTIVE TISSUE
              Your website is your hub. Social is the connective tissue.




@teresacaro                                                            #pingauge
YOU’RE ALREADY THERE
         You don’t need a brand page to have a presence. People might
                         be pinning your stuff already.




                                                                             Even if you don’t
                                                                             have a page, you
                                                                              might be there
                                                                                 anyway.
@interpolate   Exchange your URL: http://pinterest.com/search/?q=coca cola                #pingauge
FEMALE BUYING POWER




@teresacaro                  #pingauge
FEMALE BUYING POWER



          Women control 80% of household discretionary
          spending (according to the U.S. Census Bureau).
          Clearly, if women are important to your brand, then
          you want to reach them here.




@teresacaro                                               #pingauge
FEMALE BUYING POWER



          Women control 80% of household discretionary
          spending (according to the U.S. Census Bureau).
          Clearly, if women are important to your brand, then
          you want to reach them here.

          Yet, women aren’t the only ones




@teresacaro                                               #pingauge
FEMALE BUYING POWER



          Women control 80% of household discretionary
          spending (according to the U.S. Census Bureau).
          Clearly, if women are important to your brand, then
          you want to reach them here.

          Yet, women aren’t the only ones
          on Pinterest...




@teresacaro                                               #pingauge
“BOARD OF MAN”




                                 Started on a
                               lark, it now has
                                   211,000
                                  followers.
@interpolate       #pingauge               #pingauge
CHOBANI GREEK YOGURT




@teresacaro                   #pingauge
WHAT THEY’RE DOING RIGHT
        • Humanizing their brand
        • Promoting yogurt consumption through recipes
        • Allowing users to self-select content
        • Limiting the number of pinboards and
          pins




@teresacaro                                              #pingauge
GETTING STARTED
(OTHER STUFF TO KNOW)




                    #pingauge
BEWARE OF BRAND SQUATTING




                                   pinterest.com/
                                   zapposdotcom

@teresacaro                               #pingauge
COPYRIGHT MATTERS

              Always read the fine print




@teresacaro                               #pingauge
@teresacaro   #pingauge
HAVE A PLAN




@teresacaro                 #pingauge
FINAL WORD



       • Know your consumers.
           Where they want to engage and why

       • Fully optimize your website and its content.
           Your pictures are revenue drivers

       • Leverage social to connect it all together.
           An integrated effort drives powerful results




                                                          #pingauge
@engauge
LEXISNEXIS


             #pingauge
INTRODUCTION
                                                              http://hpccsystems.com




 LexisNexis® Risk Solutions
   More than 15 years of Big Data experience
   Provides information solutions to enterprise customers
   Generates $1.4 billion in revenue (2010)


 HPCC Systems
   Launched in June 2011
   Open source, and enterprise-proven Big Data analytics platform
   Helps enterprises manage Big Data at every step in the Complete Big Data
    Value Chain




        Risk Solutions
                                                                                 40
HPCC and Machine Learning
                                                http://hpccsystems.com


      HPCC is a massive parallel-processing computing
                           platform
     Truly Parallel Machine Learning Algorithm Execution




                                            E
                                            S
                                            P




       Risk Solutions
THE COMPLETE BIG DATA VALUE CHAIN
                                                                          http://hpccsystems.com




                                   Discovery &
  Collection           Ingestion                 Integration   Analysis            Delivery
                                    Cleansing




Collection – collecting structured, unstructured and semi-structured data

Ingestion – consuming vast amounts of data including extraction,
    transforming and loading

Discovery & Cleansing - clean up, formatting and statistical analysis of the
    data

Integration – linking, indexing and data fusion

Analysis – statistics and machine learning

Delivery – querying, visualization, and redundancy, enterprise-class
    availability
           Risk Solutions
                                                                                              42
MACHINE LEARNING IN BIG DATA
                                              http://hpccsystems.com


   How do you extract value from big data?




        Risk Solutions
                                                                  43
MACHINE LEARNING IN BIG DATA
                                                    http://hpccsystems.com


   How do you extract value from big data?
      You surely can’t glance over every record;




        Risk Solutions
                                                                        43
MACHINE LEARNING IN BIG DATA
                                                    http://hpccsystems.com


   How do you extract value from big data?
      You surely can’t glance over every record;
      And it may not even have records…




        Risk Solutions
                                                                        43
MACHINE LEARNING IN BIG DATA
                                                    http://hpccsystems.com


   How do you extract value from big data?
      You surely can’t glance over every record;
      And it may not even have records…
   What if you wanted to learn from it?




        Risk Solutions
                                                                        43
MACHINE LEARNING IN BIG DATA
                                                    http://hpccsystems.com


   How do you extract value from big data?
      You surely can’t glance over every record;
      And it may not even have records…
   What if you wanted to learn from it?
      Understand trends




        Risk Solutions
                                                                        43
MACHINE LEARNING IN BIG DATA
                                                    http://hpccsystems.com


   How do you extract value from big data?
      You surely can’t glance over every record;
      And it may not even have records…
   What if you wanted to learn from it?
      Understand trends
      Classify into categories




        Risk Solutions
                                                                        43
MACHINE LEARNING IN BIG DATA
                                                    http://hpccsystems.com


   How do you extract value from big data?
      You surely can’t glance over every record;
      And it may not even have records…
   What if you wanted to learn from it?
      Understand trends
      Classify into categories
      Detect similarities




        Risk Solutions
                                                                        43
MACHINE LEARNING IN BIG DATA
                                                    http://hpccsystems.com


   How do you extract value from big data?
      You surely can’t glance over every record;
      And it may not even have records…
   What if you wanted to learn from it?
      Understand trends
      Classify into categories
      Detect similarities
      Predict the future based on the past… (No,
       not like Nostradamus!)




        Risk Solutions
                                                                        43
MACHINE LEARNING IN BIG DATA
                                                       http://hpccsystems.com


   How do you extract value from big data?
      You surely can’t glance over every record;
      And it may not even have records…
   What if you wanted to learn from it?
      Understand trends
      Classify into categories
      Detect similarities
      Predict the future based on the past… (No,
       not like Nostradamus!)
   Machine learning is quickly establishing as an
    emerging discipline.
      But there are challenges with ML in big data:
         Thousands of features
         Billions of records




        Risk Solutions
                                                                           43
MACHINE LEARNING IN BIG DATA
                                                       http://hpccsystems.com


   How do you extract value from big data?
      You surely can’t glance over every record;
      And it may not even have records…
   What if you wanted to learn from it?
      Understand trends
      Classify into categories
      Detect similarities
      Predict the future based on the past… (No,
       not like Nostradamus!)
   Machine learning is quickly establishing as an
    emerging discipline.
      But there are challenges with ML in big data:
         Thousands of features
         Billions of records
         The largest machine that you can get,
          may not be large enough…
   Get the picture?

        Risk Solutions
                                                                           43
ECL-ML: HPCC SYSTEMS MACHINE LEARNING
                                                                 http://hpccsystems.com


   A fully distributed and extensible set of Machine Learning techniques for
    Big Data
   State of the art algorithms in each of the Machine Learning domains,
    including supervised and unsupervised learning:
      Correlation
      Classifiers
      Clustering
      Statistics
      Document manipulation
         N-gram extraction
         Histogram computation
         Natural Language Processing
   Distributed and parallel underlying linear algebra library




        Risk Solutions
                                                                                     44
TAKE AWAYS
                                                      http://hpccsystems.com




  A fully parallel set of Machine Learning algorithms on Big Data
   gives you full insight
  Outliers matter, especially when those outliers are the exact
   reason for the discovery effort (for example, in anomaly
   detection)
  Dimensionality reduction can conduce to information loss:
   why risk losing valuable information when you can have it all?
  Leveraging a fully parallel machine learning solution on Big
   Data will help you find fraud, bring products to market faster,
   and become more competitive
  Organizations that continue to do machine learning on
   summarized data risk losing ground to their competitors




      Risk Solutions
                                                                         45
Conclusion
                                                                  http://hpccsystems.com




                                  Q&A
                                Thank You

                   Web: http://hpccsystems.com
                   Email : info@hpccsystems.com
                   Contact us: 877.316.9669

 LexisNexis and the Knowledge Burst logo are registered trademarks of Reed Elsevier
Properties Inc., used under license.  Other products and services may be trademarks or
registered trademarks of their respective companies.  © 2012 HPCC Systems. All rights
                                        reserved.
            Risk Solutions
THANK YOU.
Engauge is a full-service marketing agency for the
digital and social age. We help grow our clients'
businesses by leveraging creativity and technology to
connect brands and consumers through the most
relevant content and channels.


                   WWW.ENGAUGE.COM



             ATLANTA, COLUMBUS, ORLANDO, PITTSBURGH



                       #pingauge

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Pinterest: Is Social Media's Newest Sweetheart the Real Deal?

  • 1. Is Social Media’s Newest Sweetheart the Real Deal? @interpolate @teresacaro DOWNLOAD THE PAPER www.engauge.com/insights/pinterest #pingauge #pingauge
  • 3. YOUR CONSUMERS @teresacaro #pingauge http://www.prav-talks.com/wp-content/uploads/2011/10/facebook-marketing.jpg
  • 4. YOUR WEBSITE @teresacarohttp://startinbusiness.com.au/wp-content/uploads/2011/05/website-building.jpg #pingauge http://www.123rf.com/photo_7053272_a-vintage-theater-spotlight-on-a-white-background.html
  • 7. AGENDA • Definition: What is Pinterest? • Trends: What is Driving the Pinterest Craze? • The Data • The Opportunity • HPCC Systems for LexisNexis® Risk Solutions #pingauge
  • 8. WHAT IS PINTEREST? #pingauge
  • 10. IMAGES FROM MULTIPLE SOURCES Upload it - “Pin-it” - Pinmarklet @teresacaro #pingauge
  • 12. CREATING DIY SUPER HEROS A recent Engauge Power Panel study* showed that 90% of people said they use Pinterest to get ideas. Some even said that it makes them “feel like they can do anything.” *External and internal polling group @teresacaro #pingauge
  • 13. AND A POWERFUL MARKETING TOOL @teresacaro #pingauge
  • 14. WHAT’S DRIVING THE PINTEREST CRAZE? #pingauge
  • 15. LIFE IS FLUID & NEEDS TO BE SHARED • Volume & availability of content • Niche communities • Growing comfort & interest in curating and sharing content Planning Experiencing Recapping @teresacaro #pingauge
  • 16. CONTENT CREATION TO CURATION “People stare into a fire hose of information every day, and it’s having an impact. They’re actively seeking ways to not only filter and organize what they find, but also to less stressfully consume more content.” @teresacaro #pingauge
  • 17. THE DATA #pingauge
  • 18. METHODOLOGY We obtained the data below by reviewing publicly accessible Pinterest user profiles and cleaned, processed and analyzed the data using the HPCC Systems Big Data platform. The bulk of the data discussed in this paper was obtained from spidering through Pinterest user profiles obtained from Google search results and scraping the relevant HTML. We also used frequency lists of gender and forename provided by the U.S. Census to help determine the gender of Pinterest users. The scraping method was chosen because Pinterest did not have an API at the time analysis began. After this project had started Pinterest briefly announced an API, then pulled all information about it, but left certain parts of the API publicly accessible. @engauge @interpolate
  • 19. THE AVERAGE PINTEREST USER #pingauge
  • 20. WHERE PINS COME FROM The top ten sources of pins by number of pins with the percentage of total pins, and percentage of the top 10. @engauge @interpolate
  • 21. SOURCES OF PINS BY PERCENT OF TOTAL AND PERCENT OF TOP 10 @engauge @interpolate
  • 22. CATEGORIES * Top categories and percent of Top10 by category. @engauge @interpolate
  • 23. LOCATION. LOCATION. LOCATION. * Top locations and percent of Top10 by location. @engauge @interpolate
  • 24. TOP 10 SOURCES BY CONTRASTING CITY @engauge @interpolate
  • 26. SHEER MOMENTUM Month;over;Month(Referral(Traffic(Growth( 50%% 40%% 30%% 20%% 10%% 0%% PINTEREST( LINKEDIN( YOUTUBE( FACEBOOK( TWITTER( GOOGLE( GOOGLE+( !10%% !20%% @interpolate * January 2012 study by Shareholic #pingauge
  • 27. SEARCH ENGINE OPTIMIZATION PINS + BACKLINKS = VOTES • http://hlcaldwell.wordpress.com/2011/10/22/an-interest-in-pinterest/ • http://www.can2010angola.com/wp-content/uploads/2011/10/backlinks.jpg @teresacaro #pingauge
  • 28. CONNECTIVE TISSUE Your website is your hub. Social is the connective tissue. @teresacaro #pingauge
  • 29. YOU’RE ALREADY THERE You don’t need a brand page to have a presence. People might be pinning your stuff already. Even if you don’t have a page, you might be there anyway. @interpolate Exchange your URL: http://pinterest.com/search/?q=coca cola #pingauge
  • 31. FEMALE BUYING POWER Women control 80% of household discretionary spending (according to the U.S. Census Bureau). Clearly, if women are important to your brand, then you want to reach them here. @teresacaro #pingauge
  • 32. FEMALE BUYING POWER Women control 80% of household discretionary spending (according to the U.S. Census Bureau). Clearly, if women are important to your brand, then you want to reach them here. Yet, women aren’t the only ones @teresacaro #pingauge
  • 33. FEMALE BUYING POWER Women control 80% of household discretionary spending (according to the U.S. Census Bureau). Clearly, if women are important to your brand, then you want to reach them here. Yet, women aren’t the only ones on Pinterest... @teresacaro #pingauge
  • 34. “BOARD OF MAN” Started on a lark, it now has 211,000 followers. @interpolate #pingauge #pingauge
  • 36. WHAT THEY’RE DOING RIGHT • Humanizing their brand • Promoting yogurt consumption through recipes • Allowing users to self-select content • Limiting the number of pinboards and pins @teresacaro #pingauge
  • 37. GETTING STARTED (OTHER STUFF TO KNOW) #pingauge
  • 38. BEWARE OF BRAND SQUATTING pinterest.com/ zapposdotcom @teresacaro #pingauge
  • 39. COPYRIGHT MATTERS Always read the fine print @teresacaro #pingauge
  • 40. @teresacaro #pingauge
  • 42. FINAL WORD • Know your consumers. Where they want to engage and why • Fully optimize your website and its content. Your pictures are revenue drivers • Leverage social to connect it all together. An integrated effort drives powerful results #pingauge @engauge
  • 43. LEXISNEXIS #pingauge
  • 44. INTRODUCTION http://hpccsystems.com LexisNexis® Risk Solutions  More than 15 years of Big Data experience  Provides information solutions to enterprise customers  Generates $1.4 billion in revenue (2010) HPCC Systems  Launched in June 2011  Open source, and enterprise-proven Big Data analytics platform  Helps enterprises manage Big Data at every step in the Complete Big Data Value Chain Risk Solutions 40
  • 45. HPCC and Machine Learning http://hpccsystems.com HPCC is a massive parallel-processing computing platform Truly Parallel Machine Learning Algorithm Execution E S P Risk Solutions
  • 46. THE COMPLETE BIG DATA VALUE CHAIN http://hpccsystems.com Discovery & Collection Ingestion Integration Analysis Delivery Cleansing Collection – collecting structured, unstructured and semi-structured data Ingestion – consuming vast amounts of data including extraction, transforming and loading Discovery & Cleansing - clean up, formatting and statistical analysis of the data Integration – linking, indexing and data fusion Analysis – statistics and machine learning Delivery – querying, visualization, and redundancy, enterprise-class availability Risk Solutions 42
  • 47. MACHINE LEARNING IN BIG DATA http://hpccsystems.com  How do you extract value from big data? Risk Solutions 43
  • 48. MACHINE LEARNING IN BIG DATA http://hpccsystems.com  How do you extract value from big data?  You surely can’t glance over every record; Risk Solutions 43
  • 49. MACHINE LEARNING IN BIG DATA http://hpccsystems.com  How do you extract value from big data?  You surely can’t glance over every record;  And it may not even have records… Risk Solutions 43
  • 50. MACHINE LEARNING IN BIG DATA http://hpccsystems.com  How do you extract value from big data?  You surely can’t glance over every record;  And it may not even have records…  What if you wanted to learn from it? Risk Solutions 43
  • 51. MACHINE LEARNING IN BIG DATA http://hpccsystems.com  How do you extract value from big data?  You surely can’t glance over every record;  And it may not even have records…  What if you wanted to learn from it?  Understand trends Risk Solutions 43
  • 52. MACHINE LEARNING IN BIG DATA http://hpccsystems.com  How do you extract value from big data?  You surely can’t glance over every record;  And it may not even have records…  What if you wanted to learn from it?  Understand trends  Classify into categories Risk Solutions 43
  • 53. MACHINE LEARNING IN BIG DATA http://hpccsystems.com  How do you extract value from big data?  You surely can’t glance over every record;  And it may not even have records…  What if you wanted to learn from it?  Understand trends  Classify into categories  Detect similarities Risk Solutions 43
  • 54. MACHINE LEARNING IN BIG DATA http://hpccsystems.com  How do you extract value from big data?  You surely can’t glance over every record;  And it may not even have records…  What if you wanted to learn from it?  Understand trends  Classify into categories  Detect similarities  Predict the future based on the past… (No, not like Nostradamus!) Risk Solutions 43
  • 55. MACHINE LEARNING IN BIG DATA http://hpccsystems.com  How do you extract value from big data?  You surely can’t glance over every record;  And it may not even have records…  What if you wanted to learn from it?  Understand trends  Classify into categories  Detect similarities  Predict the future based on the past… (No, not like Nostradamus!)  Machine learning is quickly establishing as an emerging discipline.  But there are challenges with ML in big data:  Thousands of features  Billions of records Risk Solutions 43
  • 56. MACHINE LEARNING IN BIG DATA http://hpccsystems.com  How do you extract value from big data?  You surely can’t glance over every record;  And it may not even have records…  What if you wanted to learn from it?  Understand trends  Classify into categories  Detect similarities  Predict the future based on the past… (No, not like Nostradamus!)  Machine learning is quickly establishing as an emerging discipline.  But there are challenges with ML in big data:  Thousands of features  Billions of records  The largest machine that you can get, may not be large enough…  Get the picture? Risk Solutions 43
  • 57. ECL-ML: HPCC SYSTEMS MACHINE LEARNING http://hpccsystems.com  A fully distributed and extensible set of Machine Learning techniques for Big Data  State of the art algorithms in each of the Machine Learning domains, including supervised and unsupervised learning:  Correlation  Classifiers  Clustering  Statistics  Document manipulation  N-gram extraction  Histogram computation  Natural Language Processing  Distributed and parallel underlying linear algebra library Risk Solutions 44
  • 58. TAKE AWAYS http://hpccsystems.com  A fully parallel set of Machine Learning algorithms on Big Data gives you full insight  Outliers matter, especially when those outliers are the exact reason for the discovery effort (for example, in anomaly detection)  Dimensionality reduction can conduce to information loss: why risk losing valuable information when you can have it all?  Leveraging a fully parallel machine learning solution on Big Data will help you find fraud, bring products to market faster, and become more competitive  Organizations that continue to do machine learning on summarized data risk losing ground to their competitors Risk Solutions 45
  • 59. Conclusion http://hpccsystems.com Q&A Thank You Web: http://hpccsystems.com Email : info@hpccsystems.com Contact us: 877.316.9669 LexisNexis and the Knowledge Burst logo are registered trademarks of Reed Elsevier Properties Inc., used under license.  Other products and services may be trademarks or registered trademarks of their respective companies.  © 2012 HPCC Systems. All rights reserved. Risk Solutions
  • 60. THANK YOU. Engauge is a full-service marketing agency for the digital and social age. We help grow our clients' businesses by leveraging creativity and technology to connect brands and consumers through the most relevant content and channels. WWW.ENGAUGE.COM ATLANTA, COLUMBUS, ORLANDO, PITTSBURGH #pingauge

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