Indonesia car survey: overcoming barriers of car purchase
Oct 08, 2024
Demand for passenger cars is declining The Indonesian automotive market in 2024 presents both
Artificial intelligence in market research builds to tsunami
Artificial intelligence in market research takes manual processes (often analytics) used in market research and automates them. Artificial intelligence uses algorithms (formulas!) and exponential (growing really fast) processing power. Artificial intelligence is an overused term that could also described as hyperbole! Essentially for market research, artificial intelligence provides augmented intelligence thereby improving researchers. It provides faster, mostly better and eventually (once it hits critical mass) cheaper research.
Richard Burrage, Managing Partner, Cimigo presented Cimigo’s journey with artificial intelligence tools for market research at the M2 event.
Artificial intelligence in market research has been building momentum like a wave since the early applications circa 2005. The growth in market research applications has been the most marked since 2010 and continues to evolve. The real tsunami impact of artificial intelligence on market research is imminent, as the many tools converge and become readily available, at scale, through online platforms.
Artificial intelligence commenced with the automation of reporting of longitudinal data or replicated studies in circa 2005. Firstly eye tracking for shelf, pack and communication tests and secondly facial imaging to read emotional repsonses to stimulus became commercially scalable in 2010. This is where the interest on the impact of artificial intelligence on market research really came to the fore.
Artificial intelligence spurned a new market research field of social listening circa 2011, as algorithms could be deployed to conduct sentiment analysis on large volumes of open text responses gathered through dredging and scrapping social media.
Between 2012 and 2016 new artificial intelligence market research applications have become more commercially viable (quick and cheap enough) including virtual reality testing environments, predictive analytics and live dashboards for automated analysis, visualisation and delivery. Automated sample selection (akin to programmatic online advertising) and survey design have now reached a scale that makes do it yourself research extremely easy, fast and cheap. Happi is an example of automated micro surveys for mobile market research.
Looking ahead Cimigo is currently piloting chat bots for asking surveys as artificial intelligence enables market research surveys to go beyond sentiment analysis to improved forms of language comprehension, placing questions and answers in the context of an ongoing conversation. These chat bots will evolve into voice virtual interviewers in the coming 36 months. Artificial intelligence will see market research applications improve advanced pattern recognition, enabling fast analysis of patterns across multiple market research studies to unveil new insights.
The tsunami is building, the impact will be greatest as all the artificial intelligence enabled market research tools converge and become readily accessible through online platforms. The market research landscape will be redrawn over the coming five years.
Indonesia car survey: overcoming barriers of car purchase
Oct 08, 2024
Demand for passenger cars is declining The Indonesian automotive market in 2024 presents both
Vietnam retail banking 2024
Sep 17, 2024
Unlocking the future of retail banking Vietnam retail banking 2024 The world of retail banking is
Vietnam uninterrupted: a twenty-year journey
Mar 18, 2024
Trends in Vietnam: Vietnam uninterrupted: a twenty-year journey Trends in Vietnam. Witness
Hy Vu - Head of Research Department
Joe Nelson - New Zealand Consulate General
Steve Kretschmer - Executive Director
York Spencer - Global Marketing Director
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Mai Trang - Brand Manager of Romano
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Luan Nguyen - Market Research Team Leader
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Dr. Jean-Marcel Guillon - Chief Executive Officer
Joyce - Pricing Manager
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Ha Dinh - Project Lead
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Aimee Shear - Senior Research Executive
Dennis Kurnia - Head of Consumer Insights
Tania Desela - Senior Product Manager
Thu Phung - CTI Manager
Linda Yeoh - CMI Manager
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