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Burning Questions

Why We Need Context in Quantitative Market Research Analysis

jerry9789
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It’s unfortunate but true—context often goes overlooked when examining market research results. All too often, really, market research provides numbers that don’t seem to mean a thing without background information to support them. The important takeaway here is, in order to analyze data for meaning that is actually relevant to your marketing venture, you need to understand its context.

 

Context matters in everything we do. For instance, spending double digits on a meal seems absurd at a fast food restaurant, but it’s the norm at a sit-down one. Meeting someone who’s a 14-year-old student is typical—until you find out she’s attending an Ivy League University among the most brilliant adult minds in the country. Now, take this idea and apply it to your market research. What does it mean to have a satisfaction rating of 70%? Is this result favorable or not?  

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Big Data and Marketing—Boon or Bane?

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The massive growth of big data, while heralding its success, can also be a bit of a hindrance to our industry. Simply put, there are too many posts, videos, and other data that do not fit the model of query we need. As a result, it’s time to do some big data market research and really think about new ways to store and analyze data.

 

What is “Big Data” anyway?

In the event you’re unfamiliar with the term, big data is, in short, business data and the technology required to uphold it. Currently, the amount of existing data grows hugely each day. All of this data, including social media networking data, is relevant to business, but as of right now, only a fraction of what’s out there is being effectively analyzed. Really, though, one of the best ways to conduct research and return relevant advertising to the market is through such analysis.  

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Are These Market Research Ideas on the Way Out?

jerry9789
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As technology progresses, older tech is often rendered obsolete. This idea, known as creative destruction, can be applied to any industry and any technology. For an

easy example, just look at how a single smartphone has made obsolete digital cameras, CD players, watches, and a host of other technologies. The market research industry is not immune to creative destruction, and these five past staples of the industry are on their way out.  

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What is GSR??

jerry9789
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Here we discuss another interesting biometric research method, galvanic skin response, or GSR.

 

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Understanding Facial Electromyography

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In the search to better understand emotional reactions to stimuli and the workings of the subconscious, marketing researchers have turned toward the use of numerous technologies. Here we discuss one of them, facial electromyography, also known as fEMG.

 

Facial electromyography is a technology that enables researchers and medical professionals to measure muscular activity in the eyes. The process quantifies the tiny electrical impulses that are generated by actively contracting muscle fibers. Because fEMG monitors movement in the facial area, researchers can gain a greater understanding of the subtle emotional responses participants feel towards a particular stimulus. In particular, fEMG studies two types of muscles: Certain activity of the corrugator muscle is usually associated with negative feelings, and activity of the zygomatic muscle is usually correlated with positive emotions.  

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The Science of Consumer Pleasure

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For a long time, corporations have been working to understand how to affect consumer behavior and influence more people to purchase their products. Market research has made some headway in this arena recently, explaining how the impulses that drive consumers to purchase are produced. Now, you may not realize it, but it turns out that what makes you feel good is a part of the brain dubbed “the pleasure center.” It’s this center that makes us feel happy when kissed, that drives us to eat our favorite foods or play our favorite games, that makes us want to relax on the beach.

Laboratory tests have shown that rats who can control their pleasure centers with a switch will literally jump at the opportunity to do so. Scientists set up electrical pulses that control the pleasure centers of rats’ brains and found that the rats would sacrifice anything to continuously pounce towards the levers and experience electrical bursts of happiness. Disturbingly, rather than eat or sleep, these rats flipped their switches without end, stopping only when they died of sheer exhaustion…   

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Game Changing Market Research Methodologies

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When you first think of market research methods, the image of surveys and focus groups may come to mind. However, market research has evolved, to the point that you may be unaware what methodologies are being used today. While methods have grown more complex, they’ve also gotten a lot more interesting. Here are some examples of how much the game has changed.  

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What Appeals to the Human Eye?

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Most people know great design when they see it, but they have a difficult time defining exactly what it is. People have a strong desire for great design and science is 

now beginning to discover this as well. Studies of the brain have demonstrated that attractive design can often trigger hand movement in the motor cerebellum of the brain. Humans have a desire to literally reach out and touch that which they think is a great design. Science is at a loss to understand why this is true, but through experiments they are documenting that it does exist.  

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When the Eye Wanders, We Can Tell You Why: Our Guide to Eye Tracking

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When the eye wanders, a skilled eye tracking technician can tell you why. Eye tracking is the technique of following a subject’s visual gaze, and discovering what attracts the eye in certain directions. Eye tracking provides helpful clues to the optimum design of everything from a simple printed page to a vast department store layout; it can also give product designers good information about the attractions of certain colors, shapes and features. Technical advances over the past 10 years have allowed the science of eye-tracking to move out of the scientific laboratory and into the toolkits of marketing professionals.  

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Neuromarketing- The Way of the Future

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A common, popular conception of market research consists of women trying on lipstick in a small room with a two-way mirror, a la Mad Men. It’s amazing to think that in ten years this image may be drastically altered, most likely replaced by one of people browsing grocery store aisles with an EEG band strapped to their heads (Quite possibly, this EEG band actually will be part of a virtual reality machine digitally simulating the supermarket, but that’s a discussion for another day).  

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Welcome
to Cascade Strategies

A highly innovative, award-winning market research and consulting firm with over 31 years’ experience in the field. Cascade provides consistent excellence in not only the traditional methodologies such as mobile surveys and focus groups, but also in cutting-edge disciplines like Predictive Analytics, Deep Learning, Neuroscience, Biometrics, Eye Tracking, Virtual Reality, and Gamification.
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