Project Proposal for Facebook CEO: Developing a Business Intelligence Dashboard
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This project proposal aims to develop a business intelligence dashboard for Facebook CEO. It includes an overview of Facebook, questions to be answered by the dashboard, data collection, sample dashboards, and potential challenges.
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University of South Australia Business Intelligence INFS 2036 Study Period 2 2019 Part 1 Project Proposal 1
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Executive Summary The main aims of this project is to prepare a project proposal for Facebook CEO. The Project proposal is intends to develop a dashboard for the Facebook's company. This proposal intends to follow the perspective of business intelligence system.The dashboard helps the organizations to focus on their goals and ensures their business to run effectively. This proposal includes the overview of the Facebook, prepares the questions to be answered by the Dashboard, collects the data about the Facebook insights, searches the sample dashboards on the websites and finally, identifies the potential challenges and issues for the Facebook organization. 2
Table of Contents 1.Introduction...................................................................................................................................4 1.1Background of Organization..................................................................................................4 1.2Objectives..............................................................................................................................5 2.Overview of Selected Key Priority................................................................................................5 3.Questions to be answered by Dashboard.......................................................................................7 4.Data and Data Sources...................................................................................................................8 5.Sample Dashboard.........................................................................................................................9 6.Potential Challenges and Issues...................................................................................................11 7.Conclusion...................................................................................................................................11 References...........................................................................................................................................13 3
1.Introduction This project prepares a project proposal related to Facebook. The Project proposal is focus on developing a dashboard for the Facebook. This project proposal is a real world business analytics, because the development of dashboard is based on the perspectives of Business intelligence. Thus, this proposal intends to follow the perspective of business intelligence system. Basically, business intelligence is a massive industry and business intelligence system implementation for the Facebook organization has spread across a broad spectrum. The dashboards are often times the focal point of mechanisms that build up a data sourceandproducesvisualcompositiontotheendusers.Thedashboardhelpsthe organizations to focus on their goals and ensures their businesses to be effective enough. This Proposal includes the following areas, Overview of the Facebook. Preparing the questions to be answered by the dashboard. Collecting the data about the Facebook insights Searching the sample dashboard on websites. Identifying the potential challenges and issues for the Facebook organization. 1.1Background of Organization Social media is a powerful tool which is used to connect the business audience. Most famous and effective social media is Facebook. The Facebook is a social network, as it uses the terms like social utility. It is more useful and functional than just a connection tool. It offers the users a variety of ways to publicly or privately share the data about their business or personal life. It also provides the businesses to connect with the existing and potential customers to create a business page which the user can like to show their appreciation for posting questions or to learn about the business. Luckily, Facebook has a powerful and free analytical tool like Facebook insights. Facebook insights are used to allow the user to easily measure the performance of organization business page. The Facebook insights track the page views, likes, reach and more. Facebook is used to provide the following features, Building the brand awareness. Getting followers to take an action. Communicating with the customers. 4
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Facebook will help the user to understand who you’re most engaged audience is and how they are interacting with our organization page. The Facebook page insights are used to provides the organization with loads of information about our audience. It will tell user for instance which posts have the most engagement form your audience and what times your audience is on Facebook. This project is to create the project proposal for Facebook which is formalized user ideas to the owner of the Facebook organization. So, we are first to understand the CEO expectations and recognize that they need help in social media management but are unable to describe why they need it or what their goals are for using social media.This proposed section would include current sales metrics and an analysis of why the current strategy does not work. The CEO of the Facebook Company faces two big problems; the first one is transparency and information from management to the board. And, other problems to worry about the social network are not growing as fast as expected. Since the beginning of the year, Facebook has weathered as massive data privacy scandal and the company has been vilified for allowing the fake news to remain in its news feed feature. And, the organization investments in security would affect its performance. The project proposal for Facebook is used to resolve the above-mentioned problems to develop the dashboard which is used to display the overall performance for Facebook. And it gives an effective decision to solve the problems. It also used to visualize the current strategy performance of Facebook. 1.2Objectives The goal of this project is to prepare the project proposal for Facebook.The Project proposal develops a dashboard. The preparation of the project proposal for Facebook which includes the following, •Organization overview •Prepare the questions to be answered by Dashboard. •Data collection based on organization. •Search the sample dashboard on Websites. •Identify the potential challenges and issues for Facebook organization. 5
2.Overview of Selected Key Priority The key priority for Facebook as the world biggest social network readies its financial update on the final months. It looking to rebound from the horrific year marked by a series of scandals over the data privacy and protection and it concerns that it had been manipulated by the foreign interest for political purposes. The key priority of Facebook is Facebook Insights. It is used to provide an understanding of Facebook page metrics. To explore the key areas of Facebook analytics measure, the Facebook insights will help the user to understand how and why each metrics are important to overall social media strategy. The Key priority of Facebook includes the following aspects, Overview The Facebook insights overview section is used to provide a big picture view of everything that happens on the user page. This section tracks the most important three measurements such as, •Page likes •Post reach •Engagement – Visits and Posts Page Likes The page likes section is used to break down the total number of likes use page has received. It has three key metrics such as, •Total likes - This metric is used to give total number of page likes over a 28 day period. •Net Likes - This metric is used to gives the total number of new likes on user page. •Where these likes happened - This metric is used to give information about where each new likes come from such as from visiting user page directly, or mobile, or desktop and or page suggestion. Post Reach The post reach section is used to provide the overview of how many people saw the content from the user page and how they interacted with it. It has four key metrics such as (Buffer Marketing Library, 2019), •Post reach •Total reach •Hide, unlike, report as spam •Likes, shares and comments 6
Visits This section is used to see how many people are coming to use page and where they are coming from. It has two metrics such as: •Page and Tab visits •External Referrers Posts The Posts section is used to provide a powerful range of metrics that allows you to review and respond to the type of content resonates most with your audience. The post section is classified into three metrics, •When your fans are online. •Post type •Top posts from pages you watch. The key priorities are used for development of dashboard which is used to provide an effective analysis of the Facebook Company. It gives the significant factors for Facebook and their factors are used to provide the overall organization performance. These are used for the creation of a dashboard for Facebook (Rankranger.com, 2019). 3.Questions to be answered by Dashboard Basically, business intelligence is a massive industry. The implementation of a business intelligence system has spread across a broad spectrum for the selected organization. The dashboards are often times the focal point of mechanisms that build up a data source and produce a visual composition to the end users (Idashboards.com, 2019). The dashboard is helping organizations focus on their goals and ensure their business are effective.The dashboard has created the insight with the opportunity to better judge performance and it predicts results early on. The dashboards are used to help an organization transition from simply measuring the performance to managing it. It meant to drive business processes and nurture the correct environment and it easily enabling the organization to measure, manage and monitor the business performanceaccurately.Thedevelopmentof dashboard has following aspects such as (Yoast, 2019) Communicate strategy Increase visibility Foster Coordination 7
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Increase Motivation Deliver the actionable information When the above mentioned actions are performed correctly, Facebook is able to nurture the environment that provides greater insight needs for the optimal organizational performance. Based on the organization needs, the below questions will be answered by the Dashboard. •Is Facebook a social media lifestyle engagement platform? •Is Facebook a digital advertising platform? •Is Facebook a News “Media” platform? •How many numbers of impressions of user Page post? •How many number of stories generated about your Page post by people who have liked your Page? •How many numbers of people who saw your Page post? These questions are based on face a book insight that is organization related Facebook page data. 4.Data and Data Sources The creation of a dashboard requires data sources for the chosen organization. Here, we have collected the Facebook insight data from state library of South Australia. This data contains the post level insights from 1st April 2012 to 31 March 2013. This data set includes the statistics on how many people talked about the post with their friends, how many people posts reached, how many people engaged with each post and more. The data set is illustrated below (Hootsuite Social Media Management, 2019). 8
The Data source has the following information, Post ID Permalink Post Message Type Countries Languages Posted The number of people who saw your Page post (Unique Users). The number of people who saw your Page post in News Feed or ticker, or on your Page's Timeline (Unique Users). The number of people who saw your Page post in an advert or Sponsored Story(Unique Users). The number of impressions of your Page post. (Total count). The number of impressions of your Page post in a story generated by a friend. (Total count). The number of stories generated about your Page post. (Total count) and more. This data items are used to support the creation of dashboard forFacebook,because the key data items are related to the dashboard’s questions. 9
5.Sample Dashboard The dashboard creation is used to provide effective organizational performance. The dashboard is used to provide an easy understanding of the organization performance by using data visualization. The main goal of a dashboard is used to change the way an organization operates by anticipating the challenges, avoid the major over correlations and making the major adjustments. The Sample dashboards are represented as below. The below dashboard is used to track the last 30 days Facebook ads. This dashboard includes the following key metrics such as (Klipfolio.com, 2019), Spend onFacebookads. Conversions onFacebookads. Cost per conversion onFacebookads. What types of actions does my ads generate and more. The below dashboard is used to track the engagement metrics across the multiple platforms using the single interface (Klipfolio.com, 2019). This dashboard includes the following key metrics such as, Positive sentiment Share of conversation 10
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Number blog subscribers Numbers of comments Likes Followers and more 6.Potential Challenges and Issues The creation of dashboard is used to manage the results effectively, to increase the organizational performance and it users should be able to easily understand the data represented in the dashboard. There are various challenges that occurred when implementing the dashboard solution such as, Data collection Developing the KPIs and metrics Designing the visual component an Establishing the post deployment strategy With proper planning, all of these challenges can be addressed, and planned accordingly. 11
7.Conclusion This project was successfully prepared the project proposal for selected organization which is related to Facebook.This proposal has effectively developed the dashboard for Facebook. The development of a dashboard is helping organizationsfocus on their goals and ensure their business are effective. This Proposal provides the following information such as Overview of the Facebook, prepares the questions to be answered by Dashboard, Collect the data about the Facebook insights, Search the sample dashboard on Websites and finally, identifies the potential challenges and issues for the Facebook organization. At last, the organization should think about the plan of action and keep goals in mind before designing their dashboards. The dashboard is always best to show them throughout the organization process. 12
References Buffer Marketing Library. (2019).The Beginner's Guide to Facebook Insights (Actionable Tips Included). [online] Available at: https://buffer.com/library/facebook-insights [Accessed 26 Mar. 2019]. Hootsuite Social Media Management. (2019).The Beginner's Guide to Facebook Analytics and Insights. [online] Available at: https://blog.hootsuite.com/facebook-analytics-insights- beginners-guide/ [Accessed 26 Mar. 2019]. Idashboards.com. (2019).PLANNING YOUR DASHBOARD PROJECT. [online] Available at: https://www.idashboards.com/wp-content/themes/idashboards/pdf/whitepaper/Planning %20Your%20Dashboard%20Project.pdf [Accessed 26 Mar. 2019]. Klipfolio.com. (2019).Facebook Ads Overview Dashboard | Klipfolio. [online] Available at: https://www.klipfolio.com/gallery/dashboards/facebook-ads-overview [Accessed 26 Mar. 2019]. Klipfolio.com. (2019).Social Media Dashboards. [online] Available at: https://www.klipfolio.com/resources/dashboard-examples/social-media [Accessed 26 Mar. 2019]. Rankranger.com. (2019).Facebook Insights Overview | Rank Ranger. [online] Available at: https://www.rankranger.com/documentation/facebook-insights-overview [Accessed 26 Mar. 2019]. Yoast. (2019).Facebook Page Insights explained • Yoast. [online] Available at: https://yoast.com/facebook-page-insights/ [Accessed 26 Mar. 2019]. 13