
One lesson I have learned serving on the board of the American Marketing Association in Chicago is that for most companies, research and marketing can no longer be separated. Why not? Because marketers now deal with immense volumes of data. If they want to make smart decisions and execute campaigns effectively, they need to use that data. And who best to help them find, interpret, and use data than the research team?
This became even more clear at our AMA event two weeks ago, where Luanne Calvert, vice president of marketing at Virgin America talked about her team’s effort to build an airline customer loyalty program from scratch. One of the challenges, she noted, was making sense of their data. “We have tons of data,” Calvert said. “There’s so much we barely know what to do with it. We are just starting to get a handle on it.”
Effectively dealing with tons of data requires a thoughtful research approach, which, by the way, does not necessarily mean doing yet another survey or creating a dashboard of mindless metrics. In our view, it means the following: (more…)