In anticipation of his upcoming conference presentation, Advanced Experimentation in Social Networks at Predictive Analytics World San Francisco, April 3-7, 2016, we asked Mario Vinasco, Marketing Analytics Data Scientist at Facebook, a few questions about his work in predictive analytics.
Q: In your work with predictive analytics, what behavior or outcome do your models predict?
A: We use predictive models for several different purposes mainly in the context of advertising campaigns and sentiment measurement.
Q: How does predictive analytics deliver value at your organization – what is one specific way in which it actively drives decisions or operations?
A: We can accurately attribute and quantify campaign investment to outcomes and can create target audiences where we can increase either product usage or sentiment.
We have invested in markets and hero products accordingly.
Q: Can you describe a quantitative result, such as the predictive lift of your model or the ROI of an analytics initiative?
A: In a recent network based experiment, we were able to attribute the ROI of a very large ad campaign whose message went viral, and because of these network effects a traditional A|B test was not possible.
Q: What surprising discovery or insight have you unearthed in your data?
A: It has been very interesting to see that the law of long tails apply over and over; it can be product usage, likes received on a pots, etc., and this illustrates how deceiving simple averages can be.
Q: Sneak preview: Please tell us a take-away that you will provide during your talk at Predictive Analytics World.
A: People will understand better some of the dynamics of social networks, especially experimentation set up.
Don’t miss Mario’s conference presentation, Advanced Experimentation in Social Networks, on Monday, April 4, 2016 at 4:45 to 5:30 pm at Predictive Analytics World San Francisco. Click here to register to attend. USE CODE PATIMES16 for 15% off current prices (excludes workshops).
By: Eric Siegel, Founder, Predictive Analytics World
Eric Siegel is the founder of Predictive Analytics World (www.pawcon.com) — the leading cross-vendor conference series consisting of 10 annual events in New York, Chicago, San Francisco, Washington DC, London, and Berlin — and the author of the award-winning book, Predictive Analytics: The Power to Predict Who Will Click, Buy, Lie, or Die – Revised and Updated Edition, (Wiley, 2016).