On Beards, Customer Service, and a Failed Keynote: SXSW Interactive in a Nutshell

In addition to experiencing the nation-wide beard trend, our two days at the South by Southwest Interactive conference allowed us to see the latest in social web innovation and gave us the opportunity to hear from some major thought leaders in the space. We sat through presentations from such luminaries as Twitter CEO Evan Williams and social media wine celebrity Gary Vaynerchuk. More importantly, we met potential future stars developing exciting social platforms and technologies. What follows is a list of key takeaways, many of which we, Senior Analyst Jarad Bernstein and Analyst Abby Harvey, will be expanding upon in future posts.

Every guy is growing a beard these days
From interesting mustaches to completely-covered faces, there was no shortage of facial hair at SXSW Interactive. What does this say about the direction we are heading? We’ll leave that to a later post, but regardless we think you should be aware of this trend.

Customer service rules the world
Gary Vaynerchuk couldn’t talk enough about the importance of caring for and about your customer. Customer service’s importance should be obvious to end users (which we all are), but why doesn’t every company get this? Simply put, everyone wants to be treated like a human being. In Gary’s words, “You can’t scale caring . . . you can’t scale authenticity.” Gary told the crowd that you need to start caring about your customers, or you will lose. Of course, he made this point more passionately—it wouldn’t be a true Gary Vaynerchuk show without a few hundred expletives sprinkled in. In Gary’s world caring is swearing, and Gary cares more than most.

Another main takeaway from Gary’s performance: utilizing social media and the web is a must, and do it now! “This platform [the internet] is a BABY!” he proclaimed. “You [SXSW Interactive attendees] have no idea how ahead of the rest of the world you are; there’s a massive amount of low-hanging fruit, and people are starting to eat the grapes.” Effectively incorporating a web presence hinges on every part of today’s business model—marketing, advertising, sales, and customer service.

Being CEO of Twitter doesn’t mean you are a good public speaker
The hype for Monday’s keynote presentation was palpable. Overflow rooms with giant projection screens filled up equally as fast as the cavernous main hall. We were all anticipating an announcement on the scale of Steve Jobs letting the world in on the next big thing; instead, we bore witness to a dull conversation with Twitter CEO Evan Williams about one of the most exciting technologies Twitter has developed to date—At Anywhere (@anywhere).

Geolocation is more than just Foursquare and similar services
We’ve come a long way from the original Magellan in-car navigation device—a topic expanded upon in two sessions we attended. Geolocation and Location-Based Services (LBS) are growing rapidly; in fact, we learned that global LBS-spending is forecasted to exceed $7 billion by 2013 (yes, that’s less than three years away!). In one session, speaker Jason Finkelstein of WaveMarket, Inc. talked about mobile geolocation developments and shared one of his favorite quotes from Google: “The future of mobile is local.” One interesting stat he shared with us, which we are still thinking about: 55 percent of all text messages ask some form of the question “where r u?” That’s 650 billion location-based texts in the U.S. last year alone. Look at your text message log in your cell phone and we think you’ll realize the truth in these numbers. What are WaveMarket and its competitors planning to do about this? Nothing earth-shattering was shared, but we certainly look forward to their innovations.

While in some cases geolocation rears its head as creepy, clearly causing negative sentiment, it’s hard to deny its importance. Geolocation takes the guesswork out of all those inquisitive, location-based text messages. The company that creates a solution that is both secure and useful will likely profit quite well.

Coming soon
Want to learn more about our takeaways? Our next few posts will focus on the future of open APIs, music sharing, digital magazines, social media in health care, and more. Every session had a hash tag assigned to it, and we have linked to the search results for those hashtags so you can learn from other attendees, as well. One final statistic for this post: registration was up substantially at SXSW Interactive compared to 2009. One rumor even has it that the interactive festival outdrew the music festival for the first time ever. With social media playing a central role in the festival and its growth, we know that social media is not done growing and changing the way we view communications.

Tagged as: @Anywhere, @GaryVee, Apple CEO, At Anywhere, Beards, Evan Williams, Gary Vaynerchuk, Gary Vee, Geolocation, Interactive, LBS, Magellan, South by Southwest, Steve Jobs, SXSW, SXSW Interactive, Twitter CEO, WaveMarket