Professional Documents
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01 - Re-Discovering Marketing Research
01 - Re-Discovering Marketing Research
O
ver the past several years, it Market Research Sucks" are indicative • Biometrics and neuroscience: Similar
has been safe to assume that of this concern. to BE, we can often get closer to the
the context of the market In some cases, a distinction is made truth, not by asking people what they
research industry is one of crisis. For between "traditional research" (dead see or feel, but by measuring it directly.
market research providers, the vertically or at least dying) and "next generation • Data from everywhere: Online, mo-
integrated model has given way to research" (get on board or become bile and "always on," consumer tech-
disaggregation as low-cost specialists extinct). But is this simplistic division nologies and applications produce data
have created efficient operating models. really fair? as a by-product of their core service,
New thinking from the outside has When A.G. Lañey, GEO of Procter often making content and technology
shown that what consumers say and & Gamble, famously declared "The providers rich sources of primary data.
what they do are often different things. consumer is boss," it ushered in a new • A return to data agnosticism: Just
New media have offered faster and era of awareness and importance for as we use data in many forms in our
cheaper ways to answer the same the insights function. Why? Because daily lives to make decisions—in
business questions. Industry "outsiders" if the consumer is boss, you need to considering a new restaurant, we may
have taken research into their own hands understand her in order to win. To me, visit Yelp, talk to friends or do a drive-
and have bypassed the professional this signaled that we have arrived— by, for example—so, too, is market
research function. And business leaders insights had moved to the head of the research shifting back toward reliable,
have become more demanding in their class. Since then, insights has become credibly data-driven decision-making,
expectations of what market research part of nearly everyone's job descrip- regardless of its source.
should be able to do. tion, which has facilitated an explosion • Convergence and integration: The
All of this has cast a pall of fear and in new thinking, new processes and promise of mining vdthin and across
concern about where the industry is new methods for answering age-old data streams has given rise to Big
headed and whether the insights function questions of marketing and strategy. Data and the attendant possibility of a
will be taken over by non-researchers who Although far from a comprehen- 360-degree, holistic understanding of
do not appreciate the craft of research sive list, the new era has produced or customers.
and the importance of research quality. rekindled several key industry trends— • Adjacent thinking: Technologists
Articles with titles such as "Is Market some brand new, some not so new and have entered the industry in droves,
Research Dead?" and "Why So Much some awoken from dormancy—but all filling gaps and making connections
12 MARKETING INSIGHTS
WINTER 2013
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WINTER 2013 13
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