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Ignite Insight: An Insight
Health Check

IO Consulting
Insight: widely used, rarely mastered

                                                                     The statistics* for insight aren’t great:
                                                         Stage 4

                                            Stage 3
       The             o  60% of companies don’t see their insight as a
                                                         Foresight
                         Stage 2
        The Strategic    Leader
             source of competitive advantage
                                          Influencer 
       Stage 1
       The Business                                         o  54% don’t agree it provides good return on
                       Contributor
                                 
     The tactical                                                             investment
     order taker
                                                                           o  Only 28% feel their company provides sufficient
                                                                              funds for insight
                                                                           o  90% of companies fail to move beyond using
                                                                              insight as a ‘manager rather than a leader’
         90% of businesses fall in stages 1 & 2*
                                                                     •  The reasons why so many companies struggle with
                                                                        insight are complex – but we found internal factors play
                                                                        a significant role
           “Our understanding of consumers was
           insufficiently deep, so the opportunities
              created from insight weren’t large                     •  15 years ago knowledge was power, transforming
                     enough” VP, Unilever                               knowledge into ‘insight’ is now the name of the game




* Sources: Boston Consulting Group & IO benchmarking
Insight: users versus generators

                                                            •  Insight is still a relatively ‘new’ discipline within marketing.
                                                               As a result many organisations have different approaches
                          ”My insight managers are             to the development and resourcing of the capability
                          undoubtedly highly skilled
                       researchers but I donʼt naturally
                          think of them as business         •  What is consistent, however, is a frequent gulf in the
                                 leaders” - MD
                perception of the capability between those that generate
                                                               (e.g. market researchers or insight managers) and those
                                                               that ultimately use (e.g. senior leadership, product
                                                               developers or marketers)

                      “ I just donʼt get time to stop and
                         think, we are swamped with
                                                            •  A deeper exploration of these perceptions is vital in order
                           requests, and end up in a           to make progress in truly igniting your insight capability
                        reactive perpetual fire fighting
                            mode” – insight manager   
                                                            •  Many assume organisational design holds the key to the
                                                               solution but our benchmarking has highlighted the drivers
                                                               are more fundamental




Sources: IO benchmarking
A failure to ignite: the root causes of
insight heath issues
The Ignite Insight Health Check has two fundamental areas of focus with several underlying drivers. From our
benchmarking they are consistently the root cause of any issues or positive aspects of an organisations insight
performance. Within each driver we can provide a ‘temperature check’ versus our benchmarks




         Quality
               
                                                                   Engagement
                                                                                            

           Drivers:
                  
                                                                       Drivers:
                                                                                                 

           People
                
                                                                     Corporate Vision
                                                                                                     

           Process
                 
                                                                  Senior Stakeholders
                                                                                                      

             Mix
               
                                                                          Budget
                                                                                               

           Vendors
                 
                                                                     Accountability
                                                                                                    

                                                                                        Organisation
Ignite Insight: IO’s Insight Health Check

                                                               •  The Ignite Insight Health Check examines all aspects
                                                                 of an organisation’s insight infrastructure and
           An holistic and objective diagnostic                  performance and benchmarks it vs peers / best in class
              assessment of insight health 

                                                               •  The diagnosis results in clear recommendations for
                                                                 improving insight, focusing on the actions that will have
                                                                 the biggest positive impact


  Internal
              External              Improvement     •  Ignite Insight is designed for senior managers with
assessment  
          benchmarking
         recommendations
                                                           
     responsibility for delivering insight, who feel they could
                                                                 get greater returns from the investment they make

                                                               •  The benefits of the Ignite Insight Health Check are:

                                                                    o  a thorough understanding of both the symptoms
                                                                       and causes of insight under-performance
                                                                    o  a clear view of insight performance vs best in class
                                                                    o  recommendations for improving insight
                                                                       performance
Ignite Insight: typical process

                                      Briefing meeting


                    Desk Review 
                            Interviews  




                                                                                                   IO Benchmarking
         Current approaches and practice –       Current perceptions and stakeholder
            project examples, output etc
                                       
                      ambitions



                                Assessment and diagnostics


                            Working session – learning, debate




                                                                                                                  
                                      & implications
                                                   




                        Final report and recommendations
                                                       




Timing: 3 – 5 weeks, depending on stakeholder availability
Costs: dependent on scale of business assess (but typically less than a couple of focus groups!)
IO Consulting: a unique perspective

                                             •  IO Consulting specialise in helping businesses maximise return
                                               from their investment in consumer and customer understanding.
                                               We either work alongside existing client side insight teams or
                                               bring capability where none already exists

                                             •  Our team have lived through the challenges of insight generation
                                               from both sides of the fence as ex-heads of client-side insight and
                                               as founders of successful research and innovation agencies.

                                             •  We believe in tailoring our approach to our clients and avoid ‘off
                                               the shelf’ solutions. The diverse backgrounds of our team mean
    “Before you become someone's
consultant, make sure you walk a mile in       that we have a strong appreciation of the varying insight
 their shoes. That way, if they don’t like     challenges across different markets and sectors
 what you say, you're a mile away from
    them and you've got their shoes”
                                             •  Our experience of both leading insight projects for clients as well
                                               as reviewing and optimising their insight infrastructure gives us a
                                               unique perspective – understanding the needs and challenges of
                                               insight practitioners and stakeholders alike
Three reasons to work with IO Consulting
We are able to bring you the insight capability you need in the form you need it. Our offering is unique, giving
companies a new way to access the skills needed to turn insight into profitable action


Responsive
•  Our team is ready to go when you are, we are able to hit the
    ground running
•  No job is too large/ small. We’re available to you for a couple of
    days, a couple of months or as part of a longer term relationship


                                          Flexible
                                          •    Our support can evolve with the project. Unlike single freelancers
                                               we can flex specific capability and experience in/out as needed
                                          •    Any individual can also draw on the wider experiences and best
                                               practice developed within IO Consulting

Accountable
•   Our team members are highly experienced with the skills
    necessary to turn insight into impact
•   In every project we hold ourselves accountable to that impact,
    not simply the number of days worked
•   A senior director will always be involved in a project and if our
    team do not deliver, the buck stops with us.
Thank you

    For more information please contact:
               Morgan Arnell
            morgan@i-out.co.uk
             +44 7801 045864

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IO Consulting: Insight Health Check

  • 1. Ignite Insight: An Insight Health Check IO Consulting
  • 2. Insight: widely used, rarely mastered The statistics* for insight aren’t great: Stage 4 Stage 3 The o  60% of companies don’t see their insight as a Foresight Stage 2 The Strategic Leader source of competitive advantage Influencer Stage 1 The Business o  54% don’t agree it provides good return on Contributor The tactical investment order taker o  Only 28% feel their company provides sufficient funds for insight o  90% of companies fail to move beyond using insight as a ‘manager rather than a leader’ 90% of businesses fall in stages 1 & 2* •  The reasons why so many companies struggle with insight are complex – but we found internal factors play a significant role “Our understanding of consumers was insufficiently deep, so the opportunities created from insight weren’t large •  15 years ago knowledge was power, transforming enough” VP, Unilever knowledge into ‘insight’ is now the name of the game * Sources: Boston Consulting Group & IO benchmarking
  • 3. Insight: users versus generators •  Insight is still a relatively ‘new’ discipline within marketing. As a result many organisations have different approaches ”My insight managers are to the development and resourcing of the capability undoubtedly highly skilled researchers but I donʼt naturally think of them as business •  What is consistent, however, is a frequent gulf in the leaders” - MD perception of the capability between those that generate (e.g. market researchers or insight managers) and those that ultimately use (e.g. senior leadership, product developers or marketers) “ I just donʼt get time to stop and think, we are swamped with •  A deeper exploration of these perceptions is vital in order requests, and end up in a to make progress in truly igniting your insight capability reactive perpetual fire fighting mode” – insight manager •  Many assume organisational design holds the key to the solution but our benchmarking has highlighted the drivers are more fundamental Sources: IO benchmarking
  • 4. A failure to ignite: the root causes of insight heath issues The Ignite Insight Health Check has two fundamental areas of focus with several underlying drivers. From our benchmarking they are consistently the root cause of any issues or positive aspects of an organisations insight performance. Within each driver we can provide a ‘temperature check’ versus our benchmarks Quality Engagement Drivers: Drivers: People Corporate Vision Process Senior Stakeholders Mix Budget Vendors Accountability Organisation
  • 5. Ignite Insight: IO’s Insight Health Check •  The Ignite Insight Health Check examines all aspects of an organisation’s insight infrastructure and An holistic and objective diagnostic performance and benchmarks it vs peers / best in class assessment of insight health •  The diagnosis results in clear recommendations for improving insight, focusing on the actions that will have the biggest positive impact Internal External Improvement •  Ignite Insight is designed for senior managers with assessment benchmarking recommendations responsibility for delivering insight, who feel they could get greater returns from the investment they make •  The benefits of the Ignite Insight Health Check are: o  a thorough understanding of both the symptoms and causes of insight under-performance o  a clear view of insight performance vs best in class o  recommendations for improving insight performance
  • 6. Ignite Insight: typical process Briefing meeting Desk Review Interviews IO Benchmarking Current approaches and practice – Current perceptions and stakeholder project examples, output etc ambitions Assessment and diagnostics Working session – learning, debate & implications Final report and recommendations Timing: 3 – 5 weeks, depending on stakeholder availability Costs: dependent on scale of business assess (but typically less than a couple of focus groups!)
  • 7. IO Consulting: a unique perspective •  IO Consulting specialise in helping businesses maximise return from their investment in consumer and customer understanding. We either work alongside existing client side insight teams or bring capability where none already exists •  Our team have lived through the challenges of insight generation from both sides of the fence as ex-heads of client-side insight and as founders of successful research and innovation agencies. •  We believe in tailoring our approach to our clients and avoid ‘off the shelf’ solutions. The diverse backgrounds of our team mean “Before you become someone's consultant, make sure you walk a mile in that we have a strong appreciation of the varying insight their shoes. That way, if they don’t like challenges across different markets and sectors what you say, you're a mile away from them and you've got their shoes” •  Our experience of both leading insight projects for clients as well as reviewing and optimising their insight infrastructure gives us a unique perspective – understanding the needs and challenges of insight practitioners and stakeholders alike
  • 8. Three reasons to work with IO Consulting We are able to bring you the insight capability you need in the form you need it. Our offering is unique, giving companies a new way to access the skills needed to turn insight into profitable action Responsive •  Our team is ready to go when you are, we are able to hit the ground running •  No job is too large/ small. We’re available to you for a couple of days, a couple of months or as part of a longer term relationship Flexible •  Our support can evolve with the project. Unlike single freelancers we can flex specific capability and experience in/out as needed •  Any individual can also draw on the wider experiences and best practice developed within IO Consulting Accountable •  Our team members are highly experienced with the skills necessary to turn insight into impact •  In every project we hold ourselves accountable to that impact, not simply the number of days worked •  A senior director will always be involved in a project and if our team do not deliver, the buck stops with us.
  • 9. Thank you For more information please contact: Morgan Arnell morgan@i-out.co.uk +44 7801 045864