3. Social media has changed business in general and financial services in particular. Financial services used to react to projections based
on data gathered weeks previously about recalled or projected behavior and stated opinion. New tools can provide relevant information
in near-real time, and managers can react immediately. – Ravi Parmeswar, Citigroup
Criticisms of new approaches on the grounds of representativeness and the absence of demographics miss the point. Some things they cannot deliver, but
the things they can deliver are found in no other way and have their own unique and strong value proposition. – Marketing Researcher, Leading Technology
Firm
The challenge becomes getting the most relevant insight together. What is the issue and what information bits are critical to
deciding this? Information is massive and at senior levels managers are overloaded with data. The art of insight management is to
reduce it to the max. A thousand things you can know. Only a few things you need to know. – Senior Marketing Insights
Manager, Microsoft
We use social media analysis through data mining historic conversations as stimulus for
questions and prompts in ideation sessions. – Suzana Pamplona, Johnson & Johnson
Our vision is to build our
brands through lifelong, one-to-
one relationships in real time
with every person in the world.
- Marc Pritchard, CMO P&G
The industry should get away from believing a method, particularly survey research, will be the solution to anything. We need to be
methodology agnostic. - Joan Lewis, Officer CMK P&G
If you don’t like change, you’ll
like irrelevance a whole lot
less. —Joe Tripodi, CMO
The Market Is Speaking
6. Industry Transition
From To
Questioning Discussing
Asking Observing
Data (collection) Insight (analysis)
Understanding Predicting
“The Big Survey” “Data Streams”
Rational Behavioral
Geographically Fixed Mobile
Quarterly Trackers Real-time
Explore-Create-Test-Launch Co-create
Siloed Converged
The Methodological Shift
35. QUESTIONS?
Leonard F. Murphy
Chief Editor & Principal Consultant | GreenBook
P: 770-985-4904 | M: 678-232-7691
E: lmurphy@greenbook.org
S: lennymurphyrhr
T: @lennyism
Editor's Notes
Many Brands Are Already Using New Tools
Cheaper, Faster, Better
Attitudinal – what do you think, what choice would you make, what do you like, what do you not like.
Behavioral – what did you do, what would you do, product usage, lifestyle, transactional data such as IRI, loyalty data, CRM data
Intrinsic – values, motivations, emotions, personality traits
Characteristics Of The Methodological Shift
Adoption Of New Techniques Is Becoming Mainstream
Market Research Industry Is Being Driven To Change
Organizations Are Adapting In Many Ways
Adoption Of New Techniques Is Becoming Mainstream
Adoption Of New Techniques Is Becoming Mainstream
Adoption Of New Techniques Is Becoming Mainstream
Adoption Of New Techniques Is Becoming Mainstream
Adoption Of New Techniques Is Becoming Mainstream
Adoption Of New Techniques Is Becoming Mainstream
Adoption Of New Techniques Is Becoming Mainstream
Adoption Of New Techniques Is Becoming Mainstream
Individual relationships & Technology are now key stakeholders in Marketing success
The era of 1 to 1 marketing is here
Consumers demand what is relevant to them personally
Technology enables these connections
Marketing & IT are merging
Data Science drives decisions
Big Data isn't a catchphrase. The ability to aggregate and analyze data from an increasing number of consumer devices, interaction points, and activities and then analyze that to predict behavior is an ever expanding reality.
Insights must increasingly allocate resources to understanding “why”.
The data is moving through networks. These are just a few of the companies that are able to catch HORIZONTAL information.
Network providers – all the data runs through there.
Platform providers – the data is structured through there.
Access points – the data runs through there.
Aggregators and resellers are keen to develop data from these providers.
QUANTIFIED SELF
WEARABLE TECH
Personal sensors, EEG headsets, retinal scanners and other biometric devices are embedded in a variety of consumer devices, especially wearable's. And new “tricorder” like applications are entering the market that can perform many aspects of a basic health assessment via a few simple
Effective and inexpensive virtual reality is now a physical reality. Using existing technology like Microsoft Kinect systems, gaming platforms, HD TVs, etc.. Many companies are exerimenting with how to apply VR to address many issues, including behavior change or therapeutic interventions in healthcare.
3D PRINTING
Gamification, or serious games, are used for data collection, co-creation, collaboration, behavior modification, training, and of course good old simple fun. We have not developed game deployment platforms comparable to survey systems, but there are many standardized game design engines that could get there soon to make the development and deployment of games at scale a reality.