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	<title>Our Social Times &#187; stylesignal</title>
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		<title>Using Social Media to Predict Fashion Trends (Guessing is so 2009!)</title>
		<link>http://oursocialtimes.com/index.php/2010/02/using-social-media-to-predict-fashion-trends-guessing-is-so-2009/</link>
		<comments>http://oursocialtimes.com/index.php/2010/02/using-social-media-to-predict-fashion-trends-guessing-is-so-2009/#comments</comments>
		<pubDate>Sat, 20 Feb 2010 18:39:27 +0000</pubDate>
		<dc:creator>Luke Brynley-Jones</dc:creator>
				<category><![CDATA[General]]></category>
		<category><![CDATA[david cushman]]></category>
		<category><![CDATA[fashion forecasting]]></category>
		<category><![CDATA[social media monitoring]]></category>
		<category><![CDATA[stylesignal]]></category>
		<category><![CDATA[Trend Science]]></category>

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		<description><![CDATA[Social media monitoring is generally dominated by Marketing, PR and Communications, so it was refreshing to meet Geoff Watts from Stylesignal earlier this month. Geoff and his team have developed a social media monitoring tool for the specific purpose of tracking and predicting new fashion trends. By tracking the websites, blogs, Tweets and images published by a selection of influential fashionistas, Trend Science is able to provide uniquely valuable insights into a notoriously unpredictable market. It's pure genius]]></description>
			<content:encoded><![CDATA[<p><img class="alignleft size-full wp-image-792" title="Stylesignal_worldpulse" src="http://oursocialtimes.com/wp-content/uploads//2010/02/Stylesignal_worldpulse.jpg" alt="Stylesignal_worldpulse" width="383" height="308" />Social media monitoring is generally dominated by Marketing, PR and Communications, so it was refreshing to meet Geoff Watts from <a title="Stylesignal" href="http://stylesignal.com/">Stylesignal</a> earlier this month. Geoff and his team have developed a social media monitoring tool for the specific purpose of tracking and predicting new fashion trends &#8211; also known as &#8220;fashion forecasting&#8221;. By tracking the websites, blogs, Tweets and images published by a selection of influential fashionistas, <a title="Trend Science" href="http://stylesignal.com/science/">Trend Science</a> is able to provide uniquely valuable insights into a notoriously unpredictable market, spotting which colours, cuts and shapes are going to hit the high-streets before the herd has caught on. It&#8217;s pure genius.</p>
<p>The functionality itself is rudimentary by comparison with some of the more serious (and costly) <a title="social media monitoring and measurement tools" href="http://oursocialtimes.com/index.php/social-media-monitoring/">monitoring and measurement tools</a> but, in recompense, this makes it extremely user-friendly. You can check out what&#8217;s trending by looking at <em>World Pulse</em> &#8211; a list of fashion terms, including labels, ranked by current popularity. Or you can use <em>Zeitgeist </em>to run bespoke searches for specific keywords, which produces a list of the latest posts, tweets, images etc. for that term. Alternatively, you can pick one of the pre-configured categories to plug into the latest &#8220;neckline&#8221; or &#8220;make-up&#8221; chatter, for example. There are a LOT of people talking about these, though, if I&#8217;m honest, neither floats my boat particularly.</p>
<p>While Trend Science does produce attractive lists, charts and gauges, Geoff was at pains to explain to me that Stylesignal&#8217;s real skill is in predicting trends through offline analysis.  They really use Trend Science to validate their industry predictions and back them up with quantitative data. I think this is a healthy approach to social media monitoring. It&#8217;s best not to see it as a solution in itself, more a useful adjunct to existing research and analysis tools.</p>
<p>The most fascinating thing about Trend Science is probably that it&#8217;s genuinely <em>forward-looking</em>. David Cushman of the <a title="ninety ten group" href="http://ninety10group.com/">90:10 Group</a> made the interesting point at <a title="social media monitoring" href="http://www.monitoring-social-media.com">Monitoring Social Media 09</a> (and on <a title="David Cushman" href="http://fasterfuture.blogspot.com/2009/11/measuring-real-time-web.html">his blog</a>) that monitoring past data to predict the future is somewhat oxymoronic. Yet Stylesignal is doing just that, and to good effect. Perhaps the fashion industry, being highly influencer-led, is uniquely positioned for this kind of real-time analysis, but I suspect there are other industries that could be similarly pre-disposed: music, for one.</p>
<p>Lastly, it&#8217;s worth mentioning that Stylesignal&#8217;s solution is yet another example of social media monitoring tools going niche. Several weeks back I wrote about a <a title="niche social media monitoring" href="http://oursocialtimes.com/index.php/2009/12/social-media-monitoring-goes-niche/">niche monitoring service for the medical industry</a>, and I can only see this trend continuing. Somewhat sneakily, I tested Trend Science by searching for &#8220;striped pyjamas&#8221;. Because the data sources are highly targeted the results eschewed any mention of books, movies or the holocaust and produced a short list of tweets and blog posts about pyjamas. Full marks again to Geoff and his crew.</p>
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