Archive for the ‘Future Trends’ Category

How to Measure the Un-Measurable

Thursday, February 24th, 2011

Yesterday nearly one hundred marketers and researchers met in Chicago to talk about new directions in marketing research.  Our topic:  Measuring the Un-Measurable.  The event was organized by the AMA’s market research group in Chicago, headed by Joe Hopper, president of Versta Research.  The event brought together professionals from companies such as Cargill, Allstate, US Cellular, Nielsen, Maritz, Versta Research, Sears, Aon Hewitt, the American Medical Association, the American Bar Association, and many others.

It was a fascinating discussion that highlighted some of the newer technologies and methods of research that can help us measure important—and hitherto unmeasurable—aspects of customer and buyer behaviors.  These include: (more…)

Tips for Surveys on Smartphones

Thursday, January 27th, 2011

The technology to field surveys via mobile devices has been around for a while, but has not yet gained much traction (and for good reasons).  But with smartphones now proliferating at a remarkable pace, we may be in for a change.  Deloitte released their 2011 IT and technology predictions last week, arguing that smartphones are likely to account for almost half of computer spending during the year. (more…)

Simple Steps to Actionable Insights

Thursday, November 18th, 2010

A pet-peeve of mine is that many (way too many) market research professionals talk about “actionable insights” and I almost never know what they are talking about.  I suspect most of them don’t either.  The more our clients complain that research reports are sitting on shelves collecting dust, the louder every research firm starts proclaiming that it delivers actionable insights.  Some even claim to have tools that, with the click of a button, deliver actionable insights right to your desktop.

Besides the ugliness of taking a verb (to act) and turning it into a noun (action) and then forcing that into an adjective (actionable), “actionable insight” just doesn’t mean much in our industry.  Now we have clients with reports full of “actionable insights” collecting dust on their shelves.

In our view, the problem is that few research professionals make an explicit link in the design phase of their research between the data that will be generated, and the specific decisions that need to be made.  If that link is not specified, then even if the report is rich, detailed, and full of insight, chances are it will not be used.  And if it is not used, it probably was not “actionable” to begin with. (more…)

Listening to Your Customers through Social Media

Thursday, November 4th, 2010

In July, I moderated a panel of thought leaders in market research to ponder the question: “How Will Social Media Change Customer Satisfaction and Loyalty (CS&L) Research?” The event was sponsored by the American Marketing Association, and included participants from GfK, Maritz, MARC, SAS, Market Tools, and Versta Research.

The Role of Social Media in Customer Satisfaction and Loyalty Research

A partial transcript of our panel’s deliberations was just published in the October 2010 issue of Marketing News, the AMA’s monthly magazine.  Here is a quick summary of key points highlighted in the article: (more…)

Research without an Audience Is like a Fish without Sunshine

Friday, October 29th, 2010

Research without an audience, like the title of this article, is ridiculous.  By the time you figure out if the research makes any sense – if it is even true – you realize perhaps that nobody may really care.  If research is not done for somebody to answer critical questions they have, then there is little reason to do it.  It is unfortunate that much research today is done simply for the sake of research.

One reason that research often has no audience is that market research professionals are sometimes too isolated.  They operate like accountants or IT programmers who fill orders and data requests.  They do not interact enough with the marketing teams and other business professionals who could really use their help solving problems and answering key questions.  This is especially true on the vendor side, where many spend their time interacting with clients who are, themselves, research professionals.

Our approach at Versta Research is the opposite.  We see it as vital to operate beyond the confines of our technical expertise, because our expertise only matters if it is driven by, understood, and then put to use by our marketing and business colleagues.

To this end, I am delighted to have been recently appointed to the Board of the American Marketing Association (AMA) Chicago Chapter, serving as Director of Market Research.  (more…)

How to Stop Fraudulent Polls

Friday, September 10th, 2010

With the sad proliferation of silly surveys, non-scientific interest polls, and downright fraudulent polls, the research industry is stepping up with a number of key initiatives to combat the trend.  Versta Research is part of that effort, and in August announced that we are part of the Transparency Initiative being developed by the American Association for Public Opinion Research (AAPOR).

As of this writing, Versta is one of 67 prominent survey and polling organizations currently supporting the initiative. The initiative is designed to create protocols and recognition for regular disclosure of methods when survey organizations conduct public polls. (more…)

The Age of Algorithms

Friday, August 6th, 2010

Doing “statistics” strikes fear in the hearts of many, so how about if we talk about “algorithms” instead?  It’s a safer word because most people in the worlds of business and market research never have to take (or fail) a course in algorithms.

Algorithms are central to the work that we do in business and market research, and they are top of mind for us at Versta Research because we have been involved in several data-intensive projects that involve either (a) developing new algorithms for clients, or (b) tools that apply sophisticated algorithms to data in new and exciting ways. (more…)

Social Media and Customer Satisfaction Research

Friday, July 30th, 2010

This past Monday I moderated a panel of thought leaders in market research to ponder the question: “How Will Social Media Change Customer Satisfaction and Loyalty Research?” The event was sponsored by the American Marketing Association, and included participants from GfK, Maritz, MARC, SAS, Market Tools, and Versta Research.

One of the fascinating insights to emerge from our discussion was that social media is not only a new channel of information and data, but that it is fundamentally different from previous channels of data. (more…)

Bridging the Quantitative-Qualitative Gap

Friday, June 25th, 2010

The summer 2010 newsletter from Versta Research focuses on how to bridge the gap between quantitative research and qualitative research, whether it be market research or academic research.  Both methods give rich insights, and both offer compelling ways to summarize and communicate data.  But rarely does each method draw upon the strengths of the other.

How do you bring the two together?  (more…)

Can Tweeting Replace Polling?

Wednesday, June 9th, 2010

The idea that online panel surveys can replace telephone surveys ruffles feathers among my colleagues at the American Association of Public Opinion Research (AAPOR). So what would they think of using Twitter posts as a substitute for phone surveys?

The idea seems crazy, but as reported in Science, researchers at Carnegie Mellon University have found that certain kinds of twitter data can give them a good read on public sentiment. (more…)