Youtube is number one video hosting website, with 2+ billion logged in users a month.
Alexa ranks Youtube as the second most visited site giving the lead only to Google, Youtube takes the second place among the most popular social platforms.
The power of YouTube (News - Alert) and all the social media platforms is hard to deny. The line between virtual and real lives has been blurred. Online communications and the concept of one’s digital identity have emerged as the hottest subjects for discussions in the modern society. The impact of the ‘virtual part’ on people’s lives seems to be prevailing and overwhelming.
However, some institutions find this digital penetration very profitable and they are trying to make the best use of it possible. People from all over the world communicate with each other via social media websites, apps, etc. Such platforms represent an avenue through which brands can engage customers in a meaningful conversation by receiving feedback on their products and services, answering clients' queries and asking their own questions, informing customers about discounts, and more. In short, companies use social media to "feel the pulse" of the audience. Facebook (News - Alert), Instagram, YouTube, Twitter are some of the most popular platforms that companies choose to build their online presence.
There are about 2 billion internet users across the globe using social media and this number is expected to increase due to the growth of mobile devices and mobile social networks.
Here is how the most popular social media platforms are distributed in 2020, according to statista.com. The number of active users a month in billions:
#1 Facebook* - 2,45
#2 YouTube - 2
#3 WhatsApp - 1,6
#4 Facebook Messenger - 1,3
#5 Weixin / WeChat - 1,15
#6 Instagram - 1
Facebook was the first social media platform in history that reached 1 billion monthly active users.
Social media helps market a brand, engage with the target audience and build valuable connections in the areas of the business interest.
The competition between businesses is high, and organizations do their utmost to outrun the rivals in web development when they try to win the target market by means of custom web solutions and the latest technologies. Some of them use the information squeezed from social media in their marketing strategies. It means that companies utilize not only the information that can be found on group pages they manage, but also the data obtained from social media platforms with the help of technology solutions.
The importance of video content
Still, some important websites are neglected when it comes to the extraction of valuable information. Organizations do not take into account one essential fact: videos uploaded by users do have an impact on businesses. And millions of U.S. dollars lost by United Airlines following a single video complaint illustrate this influence.
Today, people tend to upload their video reviews of different products and services to such websites as ExpoTV and YouTube. The latter is the best example of websites that often get too little attention from marketers and researchers given difficulties associated with the analysis of video content.
However, marketers do not consider the statistics: YouTube has 2+ billion users who spend hundreds of millions of hours watching videos. Besides, every minute, users upload 300 hours of video to YouTube. Videos can give more important information to researchers than text-based websites like Twitter (News - Alert). As it is impossible to search for all the relevant videos manually, businesses will have to address a software development company to get a tool able to extract the data they need from YouTube videos.
Here are some breakthrough software solutions and techniques that can be offered and implemented by such video analytics software companies as EffectiveSoft.
Artificial intelligence is part of computer science. AI technology deals with creating smart machines that are able to perform different types of tasks typical for human intelligence. When a situation requires, Youtube resorts to the help of AI video analytics software in the process of video evaluation. Artificial intelligence algos take over the human reviewers in the assessment of videos uploaded by the users.
For instance, here is how Youtube makes use of AI video analytics software. AI evaluates the video uploaded by a particular user and if it doesn’t correspond to the certain Youtube criteria, the video can be removed. However, this process doesn’t fully rely on artificial intelligence: the automation systems may still demonstrate some lack of accuracy and remove the video that doesn’t necessarily violate Youtube guidelines. In this case, human intelligence comes in hand to review again and recover the removed piece.
Natural language processing
Video reviews convey opinions of their authors, and these opinions can be added to the knowledge base with the help of voice recognition tools that are widely available on the Internet. Following that, researchers can use video analytics software and natural language processing (NLP) tools (e.g. Sentiment Analyzer) to analyze the sentiment of the textual data and to extract some valuable details. For instance, bloggers may mention some features that they dislike in a particular product, and researchers can take these features into account while working on its improvement.
Automatic emotion recognition
YouTube videos can play an important role in opinion mining. Here comes youtube analytics software. People use their voices to express different emotions, and the analysis of vocal modulations can help researchers gain a better understanding of the speaker's opinion. Some scientists (e.g., D. Datcu) work on automating emotion recognition techniques. Experts use specific speech characteristics to indicate emotions of a speaker: duration, pitch, intensity, etc.
Facial expressions should be analyzed, too. There are universal emotions (surprise, anger, sadness, etc.) that can give facial recognition software developers sufficient clues for detecting emotions. Given the fact that there is, as a rule, only one person who conducts video reviews, and this person looks at the camera most of the time, it is easy to make use of face recognition software that is able to read facial expressions. nViso and FaceReader are examples of such emotion recognition solutions.
Videos are not the only source of data that marketers can utilize. Comments are also crucial; popular videos attract hundreds (and sometimes thousands) of comments on a daily basis. These comments may also comprise some relevant information about products or services discussed in the review. Therefore, it is evident that marketers can benefit from making use of the data extracted from comments.
Uses of information from YouTube
If there are still some doubts about the usage of the information obtained from YouTube videos and comments, the list of video content analytics software found below will make you forget about them.
Issues to consider
Yet, there are some issues that developers of video analytics software should address.
Nowadays people actively express themselves online, and social media platforms are their beloved destination. The user-generated content represents a fertile research field, as businesses can relish the advantages data squeezed from it can give to businesses.
Many researchers focus on the analysis of textual information, while the analysis of videos (and product reviews in particular) remains untapped. Organizations that deploy information extracted from videos and comments left by users have a good chance of outrunning their competitors. Such analytics tools can also be integrated with custom video analytics software to give marketers unrestricted access to new data.
About the Author
EffectiveSoft, a custom software development company with 300+ experts on board
Edited by Alicia Young