This document discusses the need for the marketing research industry to transform and advance beyond a focus on quality and technical aspects. It argues the industry is too slow to adapt and change, while client expectations are accelerating. The marketing research process also needs to change as how people interact and access information changes. The document envisions a transformed future where all information is available to provide insights, and marketing research helps shape changes rather than just reacting. It calls for the industry to provide inspiration to drive changes, work with new technologies and talent, and focus on outcomes over inputs to reach this new frontier.
DBA Basics: Getting Started with Performance Tuning.pdf
Stan IIR keynote presso 14 oct09 v5
1. Why Quality
Doesn't Matter
Terminal illness of
Survey Research
Stan Sthanunathan
Vice President – Marketing Strategy & Insights
The Coca-Cola Company
29 November 2015 Confidential - Internal Use Only 1
2. BEYOND
QUALITY…
What is the
next frontier?
Stan Sthanunathan
Vice President – Marketing Strategy & Insights
The Coca-Cola Company
3. 29 November 2015 Confidential - Internal Use Only 3
P1-Q5a. How satisfied are you with the impact of marketing research throughout your company? 1 to 5 rating scale (1=very dissatisfied)
of research leaders indicated they are either
“neutral” or “dissatisfied” with the impact
of marketing research in their company.
4. Probabilistic vs Non-
Probabilistic Sample
On-line Research
Data Quality
Respondent
Engagement
Length of
Questionnaire
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The Big
Debates…
Same movie, different characters
and slightly different script
5. Is this the right
debate?
The only debate?
Are we focusing on
Urgent vs Important?
The Big
Questions
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6. The world is changing
rapidly
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The debate among our clients
has moved on
Focus is on inspiration, ROI, better
execution, value creation
But we focus a lot of our time and
effort on technical challenges
7. A big paradigm shift is
needed
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It is not about
following the
change as
quickly as
possible
It is about
helping
companies
to shape the
change
9. End users expectations
29 November 2015 Confidential - Internal Use Only 9
Bring value to the table…
Play at the top of the pyramid
Playing at the bottom comes naturally to us
Win by adding value to daily life
Putting humans at the center
Bringing humans to life
Synthesis
Data Feeds
Craftsmanship
Science
Communication
Storytelling
Inspiring Better
Brands
Old
Value
Center:
Activity
New Value
Center:
Synthesized
learning &
impact
11. Inspiration
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“Doing more of
the same and
expecting
different results
is definition of
insanity”
12. Translation
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“Doing the
same type of
research and
expecting
deeper insights
is height of
optimism”
13. House to house Online
We have made progress
as an industry
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New approaches to getting insights –
Need of the hour
….But more out of necessity
14. Why is this important?
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Are we well positioned to drive
transformational change?
Are we thinking enough about
research innovation?
Are we putting money behind
this?
15. Technology changes at an
accelerated pace
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We can’t just be in “FINE TUNING” mode
16. We are too slow
to adapt or to change
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10 Years
75 Years
17. Has the research industry
changed at the same
pace?
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19. How people spend their
time has changed over the
years
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32.7 hrs/wk
≈50% of all media hours
2x16.4 hours
8x3.9 hours
Responding to questionnaires is not the most
important pre-occupation of people…
we would like to believe that
20. How people interact with
each other is changing!
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22. Client expectations
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Infinity
and
Beyond!
Our Mission should be
to go where no man has
gone before
24. We can’t even agree on a
definition of an insight
29 November 2015 Confidential - Internal Use Only 24
Understanding business and consumer
needs and turning these into
opportunities against the brief
the ability to perceive clearly or deeply
the inner nature of things
The capacity to discern the true nature of
a situation; penetration
The act or outcome of grasping the
inward or hidden nature of things or of
perceiving in an intuitive manner.
Insight is knowledge which you become
aware of that wasn’t obvious on the
surface
Inspiration for ideas
A penetrating understanding, as of a
complex situation or problem
Knowledge about customers needs,
characteristics, preferences and
behaviors based on analysis of
qualitative and quantitative data. Specific
insights can be used to inform marketing
tactics directed at groups of customers
with shared characteristics
An insight is a breakthrough that not only
solves problems and creates change but
is also easily understood and
communicated. However, an insight has
to uncover the true nature of something
in order to have impact
Retrospectively
Self-Evident
25. We don’t know what we don’t
know and… We don’t know how
to know what we don’t know
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Focus
Groups
Survey
Research
Observe
Listen
Synthesize
Deduce
26. What would our final
frontier look like?
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Let’s Imagine
27. 29 November 2015 Confidential - Internal Use Only 27
Insight provider
for the world
+300M Active users. Arguably… the best source
of insights for understanding Human Condition
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Yielding sample frames
for survey research
+200M search queries daily –
Insights into what’s on people’s mind?
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Online retailers revealing
human understanding
Choice of music/books provides
excellent understanding of who you are
R
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All information available
at your fingertips
Technological revolution
transforming information
31.
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New content on
the web every year
The web being the main source
of killer Consumer Insights
= 16,000 times books ever written!
Petabytes
33. The web as insight
provider
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With content intelligence (via semantic indexing) we can harness
online consumer conversations, delivering insights far beyond
traditional “sentiment.”
Market sizingPreference
Analysis
Emotionality Demographic
segmentation
Popular
Opinion
Netnography: obtaining qualitative data/insights from consumers
chatting online in forums and elsewhere
Faster
Typical market research techniques
may take weeks or months.
Less expensive
Typical market research techniques
are capital and labor intensive.
Better
Bias exists in all market research
techniques. Netnography is more
transparent. And due to its low cost,
it’s a good tool for a “first look.”
35. Provide inspiration
and provocation to
drive transformational
change
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What do we do next?
36. In order to reach our
next frontier
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Technology
Vendors
Talent
Our next
frontier
37. What do we need from Clients
and Research Agencies?
Creative Problem Solvers
Story Tellers
Disruptive Thinkers
Visionaries
Act before the changes come…
shape change
FROM TO
Insights Providers
Data Puller
Instruction follower
Analysis Gurus
React after changes
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38. Imagine
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Data becoming commodity
Agencies rewarded for business
results delivered
Focus is on
Outcomes… not inputs
Inspiring change… not following
Creating the future… not predicting it
39. Change or be Changed
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Transformation is not an option…
but a business imperative
Getting or not getting a seat at
the table is up to us!
Let us accelerate this journey
collectively