I started a few discussions earlier this week around social influence and received a wealth of information. There was one blog post written by Niall Cook that I thought would be of interest to my network.
Klout, Kred or PeerIndex? It doesn’t matter
While conducting an analysis recently around a bunch of organisations in the same sector, we looked at their respective Klout, Kred and PeerIndex scores. Regular readers of this blog will know that we’re not huge fans of these fairly simplistic measures of ‘influence’ – we obviously prefer our own multi-channel, multi-attribute methodology. However, as long as they are viewed for what they are – just three examples of a much wider cosmos of indicators of social media performance, meaningless on their own but potentially insightful as part of a broader analysis – they can help motivate and focus attention.
Armed with the data, we thought it would be interesting to see if there was any kind of correlation between these competing influence measures.
What we found is that there isn’t really anything to choose between them. Of course, they’re all measuring the same thing so I guess one would expect to see strong correlations. So it doesn’t really matter which one you use. Here’s the data:
Correlation between Klout, Kred and PeerIndex
First up, we looked at PeerIndex. Taking the scores of our sample of 39 organisations, we found a Pearson r value of 0.573 between PeerIndex and Kred, and a slightly higher r value of 0.595 between PeerIndex and Klout.
Based on our sample, both exceed the critical values for r at the 0.01 confidence level, demonstrating a statistically significant relationship between both PeerIndex and Kred scores and PeerIndex and Klout scores.
Then we looked at the relationship between Klout and Kred. When the r value came out at 0.846, we couldn’t quite believe it. On the basis of this, we could confidently state that 99.9 times out of a hundred the relationship between the two scores is not a result of chance.
Whilst Klout, Kred and PeerIndex correlated strongly with each other, whether they’re measuring the right thing is a different matter. There’s no relationship with brand value, for example, unlike our PRINT™ system. When applying the PRINT Index™ to the 50 most valuable global brands, there was a statistically significant correlation between social media performance and brand value. But there was no such correlation for the PeerIndex and Klout scores for the same brands. Kred wasn’t launched then but given the correlations above we can safely say the same would have applied.
So there you have it: three measures of social media influence that are going to produce similar results regardless of which you use, but none of which – on their own – mean anything.
Please share with your network!