Social Listening: Competitive Positioning of Conferencing Tools Amid COVID-19 Pandemic - LatentView

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Social Listening: Competitive Positioning of Conferencing Tools Amid COVID-19 Pandemic - LatentView
Social Listening: Competitive Positioning of
Conferencing Tools Amid COVID-19 Pandemic
Social Listening: Competitive Positioning of Conferencing Tools Amid COVID-19 Pandemic - LatentView
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.
Social Listening: Competitive Positioning of Conferencing Tools Amid COVID-19 Pandemic - LatentView
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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