In the ever-evolving world of social media, TikTok stands out as a whirlwind of creativity, trends, and sheer velocity. But here lies both the beauty and the challenge.
With its rapid-fire content and millions of active users, TikTok churns out a staggering volume of data at an unprecedented pace. As the content never sleeps, making it a captivating stage for creators and businesses alike, the metrics and data generated are almost overwhelming to track effectively.
As per research by Flamingo, TikTok now has the potential to inspire, influence, and impact action far beyond the platform, benefitting brands, lifestyle, culture, and the community alike! So, there is no doubt that the data the platform generates has a wealth of opportunities for organizations to gain actionable insights.
Here's why social listening is increasingly important for Tiktok.
However, significant challenges emerge as the volume of data and the number of metrics continue to surge. The sheer amount of data can become overwhelming, often leading to complex dashboards, information overload, and analysis paralysis.
Now, imagine you had a dedicated tool to tackle this problem.
With Exolyt, you can not only boost your social monitoring and listening capabilities but also get access to a unique performance metric that helps to benchmark your social standing.
Exo Score is a system for summarising a wide range of account metrics into a single chart that efficiently communicates all crucial account information at a glance.
It enables Exolyt users to see a high-level summary of key account information and evaluate its performance relative to all other accounts.
Like many other performance metrics, the Exo Score summarizes information about a given account. However, as it often happens, two accounts can end up having the same score but for very different reasons.
This is where Exo Score shines! It allows the viewer to see how different aspects of the account contributed to the overall account score.
Since no two TikTok accounts are the same, Exo Score’s snowflake chart breaks down each score into its underlying dimensions, creating a unique representation for each account.
Viewers can now quickly see how different characteristics of the account contributed to the overall score. Therefore, Exo Score not only tells you that account A has a higher score than account B but also allows the viewer to understand why.
Exo Score is a relative metric, meaning that scores are assigned based on comparing a given account to other accounts on the platform. Each Exo Score combines three main characteristics of each account: Account Score, Audience Score, and Engagement Score.
These three characteristics give an additional flavour to the account comparison. For example, a viewer can compare that account A has a higher audience score than account B but a lower engagement score than account B. Since, every company has specialized needs and interests these differences allow companies to identify the right match for their needs at a glance.
(This hierarchical structure of ExoScore allows Exolyt’s data science team to capture a very large number of KPIs, group them together and summarise them with a single score while still allowing the viewer to see score breakdowns at each level).
1. High-Level Account Overview & Comparison at a Glance:
3. Provides a Common Baseline for Comparing Different Accounts:
4. Transparent Scoring That Shows Score Breakdown:
To better understand Exo Score's effectiveness, let's compare two competing brands from the same industry - Adidas and Nike - and see how Exo Score enables us to compare them quickly.
Furthermore, the Exo Score breakdown illustrates that most of the difference in the scores comes from the differences in the Engagement Score.
Despite having comparable audience Scores, Adidas has an engagement score of 5.0, while Nike has only 1.0.
In the detailed engagement score breakdown, we can see that
This indicates that Adidas’s content is approximately six times more effective in engaging its audience.
This, combined with the engagement scores discussed above, illustrates the following:
The beauty of Exo Score is that all these observations were made without a need to move between tabs and look for various complicated statistical metrics. It provided a simple way to evaluate accounts and form a high-level understanding of account differences.