TL;DR Summary of Instagram’s New Competitive Insights Tool for Professional Accounts
Optimixed’s Overview: Evaluating Instagram’s Competitive Insights for Enhanced Social Media Strategy
Understanding the New Competitive Insights Feature
Instagram’s latest addition to its Professional Dashboard, Competitive Insights, aims to help users measure their account performance by comparing key metrics with other accounts. Specifically, users can select up to 10 competitor accounts for a side-by-side analysis focusing on:
- Follower growth
- Posting frequency across various content types like Reels, feed posts, and ads
Limitations of the Current Offering
Though promising, the tool’s current scope is relatively basic:
- Comparison is mainly binary and numeric, lacking detailed graphical insights
- Does not provide comprehensive cumulative metrics or grouped comparisons
- Excludes crucial engagement data such as clicks, shares, views, and saves, which are increasingly important
- Individual post insights are available but limited, even if some accounts hide like counts
Implications for Social Media Strategy
While tracking follower growth and posting volume offers some value, the evolving focus in social media marketing prioritizes deeper engagement and conversion metrics. Key areas to focus on include:
- Awareness: Follower growth, engagement, shares, saves, views
- Nurturing: Views, likes, replies, clicks, saves
- Conversion: Clicks and shares-to-clicks (when trackable)
Without these insights, Competitive Insights serves as a starting point rather than a comprehensive analytics solution. Instagram may expand this tool’s capabilities in the future, but marketers should supplement it with more robust data to fully optimize their social media performance.