This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Secondary marketresearch involves utilizing preexisting data and insights gathered from various sources in the past. Unlike primary research, which gathers new and original data through surveys or experiments, secondary research relies on already available information. But why is it so important, exactly?
Remember the days when TV ads and billboards measured marketing success? Today, it’s all about Share of Voice (SOV) and Share of Market (SOM). In this guide, you can learn more about Share of Voice and Share of Market, how these metrics work, why they matter in today’s AI-driven world, and how to use them to boost your brand.
What is data analytics? Data analytics is a discipline focused on extracting insights from data. It comprises the processes, tools and techniques of dataanalysis and management, including the collection, organization, and storage of data. Data analytics vs. dataanalysis.
Companies are spending nearly $30 billion a year on big data for marketing initiatives. One of the many reasons that they are using big data is to create better content marketing strategies. The goal of creating a successful content marketing strategy is not simply to create and publish content.
Are you keeping pace with the latest digital marketing trends to put your brand in the palm of their hand? Find out where you should be focusing your marketing efforts in 2021. As it continues to evolve, marketers continue to find new ways to reach their audience. So, where is digital marketing heading in 2021?
Clustering is a go-to grouping method in various industries: Marketing and sales – for predicting customer behavior (personalization and targeting). Overall, clustering is a common technique for statistical dataanalysis applied in many areas. Dimensionality Reduction – Modifying Data.
Through marketresearch, companies reduce these uncertainties, build confidence, and achieve mission critical business objectives. Marketresearch is a dynamic field. We’ll share some insight about traditional marketresearch vs modern strategies below! The Evolution of MarketResearch.
As they begin to incorporate consumer insights from social media into their marketresearch, many companies rely on traditional techniques such as focus groups, surveys, interviews, and ethnographies. What is Triangulated Research? Have you had a research project recently? It’s a three-pronged approach to dataanalysis.
“Generative AI is becoming the virtual knowledge worker with the ability to connect different data points, summarize and synthesize insights in seconds, allowing us to focus on more high-value-add tasks,” says Ritu Jyoti, group vice president of worldwide AI and automation marketresearch and advisory services at IDC. “It
There are two great marketresearch approaches to keep brands informed: Qualitative and quantitative marketresearch. While both have their place in business and there are situations where you could use either, we are focusing here on qualitative marketresearch. What Is Qualitative MarketResearch?
Understanding a market means having specific insight around a customer base, trends, and competitors. Marketresearch confirms or dispels dangerous assumptions and reveals intel that generates new ideas and makes marketing magical. What is MarketResearch? Do you have to outsource your marketresearch too?
And the market for process mining tools is growing. According to a November 2023 report by global marketresearch and management consulting company Global Market Insights, the process mining market is estimated to expand at a compound annual growth rate of more than 40% over the next decade, reaching $31.52
From helping engineers develop 3-D designs to assisting data scientists in writing code and even drafting and reviewing legal documents in the legal world, there’s no shortage of evidence that GenAI could be a panacea for streamlining processes and eliminating mundane, tedious work in every industry.
It is becoming increasingly difficult to understand the modern consumer and market environment by single-method approaches. By employing a combination of methods to gather data around a particular subject, the researcher can more comprehensively solve the problem by looking at it from different perspectives.
Let’s face it—it’s not easy to build a perfect marketing team. A comprehensive marketing strategy includes a number of different tactics and initiatives—which means your team must include members with a wide variety of skills. However, only 23% of B2B marketers claim to have a customer-centric organizational structure ( source ).
, there are two answers that go hand in hand: good exploitation of your analytics, that come from the results of a marketresearch report. Besides, they also add more credibility to your work and add weight to any marketing recommendations you would give to a client or executive. What Is A MarketResearch Report?
But AI—guided NLP tools can delve inside piles of unorganized data and provide accurate and actionable insights. A better understanding of the market. Marketresearch is a time—consuming task, susceptible to incorrect or incomplete dataanalysis. Closing out on AI text analysis.
A 2015 study by the marketresearch company IDC, which surveyed almost 600 manufacturing enterprises from 17 countries, discovered more than 90% of global companies are using cloud computing in some part of their operations. Shorter Go-to-market Times. How much is the manufacturing industry using cloud-technology?
In fact, the popularity of location data has grown so much that it is expected to touch about $35 billion in value by 2027. In this article, we will talk about nine ways location data can help you excel in retail. 9 Ways Location Data Can Help You Excel in Retail. Here it goes. Enhance the client experience.
Attempting to grow your business without market intelligence is a lot like driving without directions. Without a clear understanding of your industry or market, you will fail to make informed business decisions. Businesses are catching on to the importance of market intelligence. What is market intelligence?
You’re doing your own marketresearch. Launch your next product with a data-driven strategy Attest’s marketresearch platform comes complete with a team of insights professionals who will help your team get real results from your survey data. Because you only get to spend every dollar once, right?
Attempting to grow your business without marketing intelligence is a lot like driving without directions. Without a clear understanding of your industry or market, you’ll be ill-equipped to make informed business decisions. Businesses are catching on to the importance of market intelligence. What Is Market Intelligence?
Marketresearch is the process of gathering business intelligence through the collection, analysis, and interpretation of data. Some of the most common reasons organizations conduct marketresearch include: Improving or creating products. Understanding new market segments. Boosting brand health.
The market for AI is projected to be worth nearly $1.6 We have talked about how businesses are using AI for marketing and tools like ChatGPT to create content more easily. Advertising & Marketing costs of your business. AI technology offers a number of major benefits of small businesses and freelancers. trillion by 2030.
Big data has been billed as being the future of business for quite some time. Analysts have found that the market for big data jobs increased 23% between 2014 and 2019. The market for Hadoop jobs increased 58% in that timeframe. The impact of big data is felt across all sectors of the economy.
Marketdata refers to all the intel available explaining the demand and supply of products and services within a business category. But below the surface, there is so much more data available – and so much opportunity. MarketData Challenges. Marketdataanalysis is often riddled with challenges.
Why Great MarketResearch Tools Are Important A successful marketing strategy is made possible by understanding your potential customers, what they’re talking about, and how your products will benefit them. Understanding your potential customers is key to a successful marketing strategy. Meltwater Engage.
Let’s face it—it’s not easy to build a perfect marketing team. A comprehensive marketing strategy includes a number of different tactics and initiatives—which means your team must include members with a wide variety of marketing skills. Let’s get into it!
If you’re a marketer or insights professional looking for insights into your target audience, then look no further than the Big Apple. The marketresearch industry is big and ever-changing, but there are some settled marketresearch companies in New York that will help you make sense of your consumer knowledge.
The name of the game today is staying nimble and proactive to an ever-changing market landscape. It is no longer good enough to merely stay aware of market-moving events — you must separate the signal from the noise and extract critical insights from the data at hand. But how do you move away from reactive research processes?
The name of the game today is staying nimble and proactive to an ever-changing market landscape. It is no longer good enough to merely stay aware of market-moving events — you must separate the signal from the noise and extract critical insights from the data at hand. But how do you move away from reactive research processes?
The UK market remains a key choice for businesses looking to expand their customer base and unlock growth opportunities. Marketresearch companies in the UK can help you make strategic business decisions with consumer insights. This data gives you the actionable insights you need to make your brand stand out in the crowd.
If their hybrid research is solid, they will be able to pivot and capture the market. The process to sort this problem out requires referring back to your marketresearch to narrow down the challeenges. This is the hybrid research approach. What is Hybrid MarketResearch?
In the age of data, business intelligence is about more than just having the right information — it’s about uncovering and analyzing the exact crucial insights you need to help inform business decisions, stay ahead of market-moving trends, and keep an edge on the competition. That’s where marketanalysis tools come in.
The senior manager will serve as a strategic thought partner and expert in analytical and marketresearch to help inform life-cycle planning, forecasting and senior management decisions that require primary marketresearch and competitive intelligence.
The idea of venturing into a new market can evoke mixed feelings. Central to this is market entry research to give you the confidence that comes with having a sound plan for your new venture. Central to this is market entry research to give you the confidence that comes with having a sound plan for your new venture.
The eLearning market in the United States is expected to grow by $21.64 billion between 2020 to 2024, according to a study by marketresearch firm Technavio. It also forecasted that the massive open online course market could be worth $25.33 Autumn Taylor Chief Marketing Officer Teaching Strategies. ArchIntel™ -.
AIM’s Vice President, Anne Herron, earned Professional Research Certification (PRC) through the MarketingResearch Association. The post AIM analysts earn professional certifications in marketresearch, competitive intelligence, & data science appeared first on AIM.
It’s not possible to eliminate bias in marketresearch, not entirely. You want people – both researchers and respondents – to express their personality. The researcher can innovate the process and respondents can more fully reveal themselves. What Is Research Bias? Analysis Bias. Design Bias.
AIM’s Vice President, Anne Herron, earned Professional Research Certification (PRC) through the MarketingResearch Association. Analysts Kristin Langrill, Ann Sigsby, and Chad Groenhout earned SCIP Certification from the Strategic & Competitive Intelligence Professionals (SCIP). “It
Embracing AI for Market Insights The landscape of market intelligence has undergone a significant transformation with the advent of artificial intelligence (AI). The ability to rapidly process vast amounts of data and glean actionable insights is no longer a luxury but a necessity in the fast-paced world of marketresearch.
As each company makes a dash to develop a better cure, their competitive intelligence professionals are seen to be just as busy divining insights that will put clarity in an uncertain market. Before moving over to her present employer, Hansen-Jain held a long series of marketresearch and insights-related positions at Novartis.
In the role, Ristvedt, who has experience in the renewables development, regulated utility and deregulated market spaces, is responsible for overseeing benchmarking and enterprise performance activities. Ristvedt began working at ISO New England in 2016 as an analyst within the organization’s market and resource administration.
Competitive Intelligence, for instance, equips women with the tools to analyze market trends, anticipate competitor moves, and identify opportunities for growth. Data-Driven Decisions: The Key to Breaking Barriers Data has become the currency of modern business, and women who harness its potential are rewriting the rules of success.
We organize all of the trending information in your field so you don't have to. Join 11,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content