colin strong main stage - 2013
TRANSCRIPT
The Festival of NewMR 2013 would not be possible without our sponsors. Thanks to:
Gold Sponsors
Silver Sponsors
Session Sponsors
Media PartnerFestival Supporters
• Q – Research Software• CreaMetrix Research• TapestryWorks• Keen as Mustard• CrowdLab
• L&E Research• Schlesinger Associates• Focus Forums• eCGlobal Solutions• Revelation
Colin Strong, GfK, UK
Festival of NewMR 2013 - Main Stage
Does the ‘uncanny valley’ signal the point that big
data ends and market research starts?
Colin Strong
GfK UK, MD Technology
Colin Strong, GfK, UK
Festival of NewMR 2013 - Main Stage
Marketers consider Big Data to be a game changer
Very important
53%Somewhat
important 33%
Neither / nor 11%
Importance of Big Data
“Data has always been and will continue
to be…important for marketing
professionals. Technology now offers us
the ability to exploit this data to much
greater degrees and marketing becomes
much more sophisticated as a result.”
HOW BRANDS USE PERSONAL DATA
Colin Strong, GfK, UK
Festival of NewMR 2013 - Main Stage
Drivers of take -up
Cut through in a cluttered market
Personalisation driving competitive
advantage
Necessity borne from Big Data arms
race
ROI marketing effectiveness
HOW BRANDS USE PERSONAL DATA
Colin Strong, GfK, UK
Festival of NewMR 2013 - Main Stage
Consumers are generally perplexed
General awareness that:
• much of their online & shopping activity is tracked
• most companies do this and trade collected data
But not clear about what information is being collected
about them
Consider companies are not clear about what data is
collected and why
CONSUMER RESPONSE TO PERSONAL DATA USAGE
Colin Strong, GfK, UK
Festival of NewMR 2013 - Main Stage
To what extent can personalisation hit the target?
27%Consider the products and
services recommended for
them are different to those
recommended for other
people
HOW EFFECTIVE IS CURRENT USE OF PERSONAL DATA?
Colin Strong, GfK, UK
Festival of NewMR 2013 - Main Stage
“It is questionable whether any
computer will be able to capture the
subtlety and personalisation that real
human beings demonstrate across
social contexts”
Colin Strong, GfK, UK
Festival of NewMR 2013 - Main Stage
81%Consider they are more likely to
give their business to companies
they trust to use their data
appropriately
CONSUMER RESPONSE TO PERSONAL DATA USAGE
Colin Strong, GfK, UK
Festival of NewMR 2013 - Main Stage
38% Claim they have taken
steps to block the display
of online advertising
Consumers may take control into their own hands
47%Claim they want more
control over the way their
personal data is used
CHANGING CONSUMER ATTITUDES
Colin Strong, GfK, UK
Festival of NewMR 2013 - Main Stage
Is there an uncanny valley for brands?
Chart by Masahiro Mori and Karl MacDorman
69% Consider it creepy the
way brands use their
personal data
CHANGING CONSUMER ATTITUDES
Colin Strong, GfK, UK
Festival of NewMR 2013 - Main Stage
A new movement in personal data: Quantified Self
Larry Smarr used self tracking to identify he was developing
Crohn’s Disease before doctors
Health and fitness have been the big early drivers of the QS
movement
Devices e.g. Fitbit tracks activity, Zeo measures sleep
cycles
Pooling of data e.g. CureTogether and PatientsLikeMe
Now broadening to include financial spending behaviours,
emotions and moods
THE EMPOWERED CONSUMER
Colin Strong, GfK, UK
Festival of NewMR 2013 - Main Stage
New sources of personal data
Governments worldwide starting to force companies to
release the personal data they hold on consumers
Brands starting to plan to build tools to give consumers
access to the data they hold
e.g. Tesco, O2
Start-ups providing consumers with the tools to access
and mine their own data
consumers can pool their data for benchmarking
their activity
Some companies will offer other data collection tools
for consumers, such as digital tracking
.
THE EMPOWERED CONSUMER
Colin Strong, GfK, UK
Festival of NewMR 2013 - Main Stage
What about the market research industry?
Changing expectations about the nature of the value
exchange
Declining response rates: Trying to address with better
engagement, incentivisation, gamification of surveys etc
But in an era where the balance of power shifts
further to the ‘respondent’, will these be enough?
Does the research industry need to start exploring entirely
new business models?
How can we address ‘What’s in it for me?’
IMPLICATIONS FOR MR
Colin Strong, GfK, UK
Festival of NewMR 2013 - Main Stage
Two case studies we can learn from:
Your credit report free for life - not
just 30 days. See your credit rating
at a glance & access the best card
& loan products for you based on
your credit rating.
Helping you get no-hassle,
permanently cheap gas &
electricity.
IMPLICATIONS FOR MR
Colin Strong, GfK, UK
Festival of NewMR 2013 - Main Stage
A new role for market research?
Original role for market research was to facilitate the
value exchange between brands and consumers
Environment has changed, consumers now see MR
as being ‘on the side of business’ not consumers
Now seeing start-ups emerge which perhaps signpost
a new role for MR value exchange
IMPLICATIONS FOR MR
Colin Strong, GfK, UK
Festival of NewMR 2013 - Main Stage
Conclusions:
MR needs to challenge the dominance of database marketing companies in
the Personal Data Economy
Consumer attitudes are changing – less willing to accept the traditional
models
MR needs to find a new value exchange with consumers – the old one does
not look fit for purpose
The Personal Data Economy has the potential to provide this new model for
market research
Colin Strong, GfK, UK
Festival of NewMR 2013 - Main Stage
THANK YOU
Colin Strong
GfK UK
MD Technology
Tel: +44 (0)20 7890 9186
Twitter: @colinstrong
Email: [email protected]