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WINDS OF CHANGE-
SWEEPING MR INDUSTRY




  idStats
Challenge ..To Move Beyond ..


High
                      Challenge For Market
                            Research


  TIME & COST




Low
                Low              STRATEGIC VALUE      High
                                   (PERCEIVED)
..By Recognizing & Harnessing The
Winds of Change …
Winds of Change (1)- ‘Changing Face Of Data Collection ’


     Face to Face
     Interviewing




                               “ In the past “market research was the domain
  Telephonic /Emails
                               of few”. Agency seen as ‘only conduit” to voice
                                 of the customer. However with “technology”
                                    democratization of research is underway”


Online Panels/ Mobile
    Panels / Social
      networks
Winds of Change (2)- ‘Increased Dependence on Big Data’


SCENARIO 1 : ABC TELECO (Year 1998)
 Churn Rates spike
 Key Information Used for Decision Making :
     Primary Research i.e. analysis of variables
        impacting Loyalty Index in ongoing primary
        research. Commissioned another adhoc primary
        research to map stated triggers for churn
 Action Taken : Mass Campaign to address “issues”



  SCENARIO 2: ABC TELECO (Year 2011)
   Churn Rates spike
   Key Information Used for Decision Making :           Decision making is moving beyond
       Big Data : Looked at behavioral profiles of      just primary data to being multiple
          Customers who churned & Mapped behaviors        data sources led. ‘In the era of big
          most closely linked to churn
       Primary Data : Analysis of Variables impacting   data; more isn’t just more . More is
          Loyalty Index in ongoing track                                            different”
   Action Taken : Micromarketing to address “issues”
Winds of Change (3): Changing Nature of “ Brand Conversation’s’




                               Panel Communities/ Social Networks leading To Crowd
                                            sourcing & Co creation




                            Power of Social Networks     O&M creative head tracked down and
                           Unleashed: New Gap Logo,      reached out to Jonathan Mak Long;
                          Despised Symbol of Corporate   who had previously gained internet
                           Banality, Dead at One Week    acclaim for his Steve Jobs tribute
Winds of Change (4): Ability to Go Beyond Stated

Current Research Methodologies Anchored                       People don’t (or can’t)
       in Rational Decision Making                              tell us everything




                             Need to Go Beyond The “Stated”
Against this Dynamic Context:




“Striking A Balance???”
Against this Context: “Striking A Balance”




Is Reaching this Balance Feasible?                 Is Reaching this is balance is not
   If so how can this balance be                 feasible? Why Not? Of the 3 needs
            achieved?                               which two in your opinion be
                                                           bundled ? Why?
Balanced Approach         Method                 Challenge To           Time
                                                   Balance
  Data Collection
                                                    Data
                                                  Collection
     Analysis
                                                   Analysis
Weaving The Story
                                                 Weaving The
                                                   Story
id stats
Research & consultancy

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Winds of change

  • 1. WINDS OF CHANGE- SWEEPING MR INDUSTRY idStats
  • 2. Challenge ..To Move Beyond .. High Challenge For Market Research TIME & COST Low Low STRATEGIC VALUE High (PERCEIVED)
  • 3. ..By Recognizing & Harnessing The Winds of Change …
  • 4. Winds of Change (1)- ‘Changing Face Of Data Collection ’ Face to Face Interviewing “ In the past “market research was the domain Telephonic /Emails of few”. Agency seen as ‘only conduit” to voice of the customer. However with “technology” democratization of research is underway” Online Panels/ Mobile Panels / Social networks
  • 5. Winds of Change (2)- ‘Increased Dependence on Big Data’ SCENARIO 1 : ABC TELECO (Year 1998)  Churn Rates spike  Key Information Used for Decision Making :  Primary Research i.e. analysis of variables impacting Loyalty Index in ongoing primary research. Commissioned another adhoc primary research to map stated triggers for churn  Action Taken : Mass Campaign to address “issues” SCENARIO 2: ABC TELECO (Year 2011)  Churn Rates spike  Key Information Used for Decision Making : Decision making is moving beyond  Big Data : Looked at behavioral profiles of just primary data to being multiple Customers who churned & Mapped behaviors data sources led. ‘In the era of big most closely linked to churn  Primary Data : Analysis of Variables impacting data; more isn’t just more . More is Loyalty Index in ongoing track different”  Action Taken : Micromarketing to address “issues”
  • 6. Winds of Change (3): Changing Nature of “ Brand Conversation’s’ Panel Communities/ Social Networks leading To Crowd sourcing & Co creation Power of Social Networks O&M creative head tracked down and Unleashed: New Gap Logo, reached out to Jonathan Mak Long; Despised Symbol of Corporate who had previously gained internet Banality, Dead at One Week acclaim for his Steve Jobs tribute
  • 7. Winds of Change (4): Ability to Go Beyond Stated Current Research Methodologies Anchored People don’t (or can’t) in Rational Decision Making tell us everything Need to Go Beyond The “Stated”
  • 8. Against this Dynamic Context: “Striking A Balance???”
  • 9. Against this Context: “Striking A Balance” Is Reaching this Balance Feasible? Is Reaching this is balance is not If so how can this balance be feasible? Why Not? Of the 3 needs achieved? which two in your opinion be bundled ? Why? Balanced Approach Method Challenge To Time Balance Data Collection Data Collection Analysis Analysis Weaving The Story Weaving The Story
  • 10. id stats Research & consultancy