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Making data actionable: A look at the power of people-driven data in activating consumer segments

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Making data actionable: A look at the power of people-driven data in activating consumer segments

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Innovation is impacting every part of our lives, with smartphones making the world available from our pocket. But can we say the same for market research? As researchers, providing access to data from new sources like customer data platforms, could be considered the equivalent of sticking a kid in a candy store. Exciting yes, but completely overwhelming for some. Technological development in our industry is often focused on how a business can create the latest program or app to benefit their business. However, the very fact that this technological development is becoming a technological dependence for consumers means market research is already benefiting. Or rather, it should be. The innovation has occurred, now we need to tap into this wealth of data.This paper will look at how and what can be appended to existing research projects. It will share tangible examples of ways researchers, marketers, and advertisers alike can tap into the already innovative consumer and leverage the ocean of data they are generating – all while maximizing the investment being made in their survey research. Most importantly, it will leave the audience with better understanding of how to activate research-derived segments through programmatic advertising and how clients can derive incremental value from the investment they’re already making in survey-based research.

Innovation is impacting every part of our lives, with smartphones making the world available from our pocket. But can we say the same for market research? As researchers, providing access to data from new sources like customer data platforms, could be considered the equivalent of sticking a kid in a candy store. Exciting yes, but completely overwhelming for some. Technological development in our industry is often focused on how a business can create the latest program or app to benefit their business. However, the very fact that this technological development is becoming a technological dependence for consumers means market research is already benefiting. Or rather, it should be. The innovation has occurred, now we need to tap into this wealth of data.This paper will look at how and what can be appended to existing research projects. It will share tangible examples of ways researchers, marketers, and advertisers alike can tap into the already innovative consumer and leverage the ocean of data they are generating – all while maximizing the investment being made in their survey research. Most importantly, it will leave the audience with better understanding of how to activate research-derived segments through programmatic advertising and how clients can derive incremental value from the investment they’re already making in survey-based research.

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Making data actionable: A look at the power of people-driven data in activating consumer segments

  1. 1. Festival of #NewMR 2019 Making data actionable: A look at the power of people-driven data in activating consumer segments Presentation copyright, the presenters and NewMR. Intellectual Property Rights, the presenters. Please credit when using. Jason Dodge Lightspeed
  2. 2. Making Data Actionable A Look at the Power of People-Driven Data in Activating Consumer Segments
  3. 3. 3 The world’s internet users passed the 4 billion mark in 2018 Source: Internet World Stats - https://www.internetworldstats.com/stats.htm
  4. 4. 4 Smartphones are driving this, making the world available from the pocket of nearly 3 billion consumers Source: Kantar TNS http://www.tnsglobal.com/us/press-release/tns-millenials_study_111915
  5. 5. 5 Revenues for data & analytics solutions forecast to reach $260 Billion by 2022 Source: International Data Corp. https://www.idc.com/getdoc.jsp?containerId=prUS44215218
  6. 6. 6 But even with all the consumer data available… Are we maximising the opportunity for marketing research?
  7. 7. 7 We hear the common pain points in our industry… We need the data faster We need better data to help reduce survey length We need to be able to activate research outcomes
  8. 8. 8 So where should we focus?
  9. 9. Exploration Connection Activation 9 3 data areas to focus on for the future…
  10. 10. 10 Explore data that’s already been collected Working from an informed base to better focus the research that’s needed Complimenting the brand story Changing strategy in real-time Broadening scope of data 1 2 3
  11. 11. Search & explore in action… 11
  12. 12. Leveraging existing data without a survey The Challenge 12 Support an important pitch without fielding a survey to gain quick insights “Our FMCG skincare client is looking to understand brand purchase behaviour in the category in the Hong Kong market, what does it look like over the past 3 months?”
  13. 13. Leveraging existing data without a survey The Data Approach 13 Gained access to quick search and polling tools to get immediate answers
  14. 14. Leveraging existing data without a survey The Results 14 “We are working on a multi-agency pitch for a client that has hundreds of inconsistent research studies and insights. We were able to see existing survey questions on their category, as well as to launch over 30 multimarket surveys last night – and then came into the office this morning with responses from all over the world. For our insights kick- off meeting today, we were the most prepared team with invaluable insights from across the globe as a consistent starting point.”
  15. 15. t 15 Data Connections Matching, linking and collecting attributes to create robust people- based profiles
  16. 16. Connecting various types of data reveals a full picture of each person INTENT DEMOGRAPHICSBEHAVIORS ATTITUDES AFFINITY AILMENT CHOICE MOTIVATION PERCEPTION PURCHASE USAGE 16
  17. 17. 17 Availability & Scale First Party Data Data a company collects from customers, permission-based self- reported data Second Party Data First party data leveraged by a second party or partner in a privacy-compliant way Third Party Data Data collected by a company not directly involved in the data transaction, aggregated and anonymised for resale Data Provider Exclusivity & Discretion Connecting across a breadth of data source types
  18. 18. 18 Three mobile devices in the household Shops online at RedMart for weekly grocery shop and household basics Reported in a recent survey to going to the movies 2x monthly Booked 4 plane tickets for one flight in 2018 Purchased a monthly yoga membership Looking to purchase a new car when the current loan is paid off in the next 6 months As a young family of 4 with a child <2, household purchases are motivated by the “Busy Household” Subscribes Monthly to Home & Décor Magazine Connecting data reveals a full picture of each person
  19. 19. Connecting with new ways to collect responses Mobile Metering Online Surveys 60 million surveys in 2017 Emotional Coding Voice Activation Video Open-Ends Mobile Responses 19
  20. 20. 20 Activation Turning insights into targetable audience segments
  21. 21. 21 How does survey- based audience activation work?
  22. 22. Increasing Digital Advertisement Conversion Rates in Travel and Tourism The Challenge: 22 Identify travelers with a higher propensity to consider staying at their hotel brand,
  23. 23. Increasing Digital Advertisement Conversion Rates in Travel and Tourism The Activation Approach 23 Survey research identified consumers open to staying at Holiday Inn® Hotels 1 2 3Connected this seed audience to the modelling platform (DMP) Scaled this to find 15 million similar consumers through a look- alike model 4 The media agency targeted the 15 million profiles directly from preferred platforms Internet Behavior Shopping Behavior Look-alike Model ad ad ad
  24. 24. Increasing Digital Advertisement Conversion Rates in Travel and Tourism The Results 24 38% Brand consideration lift* 164% Consideration lift vs publisher average** 514% Increase in hotel bookings started on website*** *The campaign was tagged and tracked by a 3rd party firm. Control and exposed groups were recruited to complete a brand lift survey. The test/control research design isolated the impact of the campaign by requiring both groups to be identical outside of the ad exposure (e.g. same site visitation, demos, travel behavior, etc.). ** Measured against 9 other media platforms included in the campaign, including several of the most heavily visited sites in the US. ***Behavioral comparison of exposed vs. identical control group.
  25. 25. Turn your focus to people-driven data… Explore Connect Activate 25
  26. 26. Festival of #NewMR 2019 Q & A Presentation copyright, the presenters and NewMR. Intellectual Property Rights, the presenters. Please credit when using. Jason Dodge Lightspeed Ray Poynter NewMR
  27. 27. Festival of #NewMR 2019 NewMR 2019 Sponsors Communication Gold Silver

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