In this article we revisit a 15-year old article in the Harvard Business Review (“Rethinking Marketing”) about the transformation of marketing. It relates directly to an important theme of Versta Research’s recent talk at the AMA in Chicago—namely, dissipation of the research function. The article argued that marketing was shifting from being product-centric to being…
Election season polling always highlights the danger of bad pollsters giving the market research and polling industry a bad name. While there are lots of reasons that polls might predict outcomes incorrectly (polling is far more difficult and risky than many people think) there is no excuse for deliberately bad pollsters making up data to…
You might think that a research firm specializing in surveys would be glad to see a world in which customer feedback surveys are everywhere. Not so. I take part in a lot of webinars, and unfortunately I am asked to complete a survey (at least one) every time I attend. Some websites ask me to…
I just read a delightful and thought-provoking snippet in Proust’s Swann’s Way (published in 1913) that, unfortunately, reminded me of artificial intelligence in market research. Here is what Proust originally wrote, which is delightful: But all of the feelings we are made to experience by the joy or the misfortune of a real person are…
One of the weirdest new uses of artificial intelligence in market research is to create “synthetic respondents” for surveys and qualitative interviews. The idea is to use information scraped from the Internet via AI’s large language models, construct a sample of synthetic people that matches the demographics of one’s target population, and then ask those…
It was a long, arduous process (and still is), but it was worth it: Versta Research has been awarded certification for compliance to ISO 27001! This is one of the most widely recognized and internationally accepted information security standards. Certification puts Versta Research among a small handful of market research and insights firms that undergo…
In a test of the powers of AI, here is an impressive poem it wrote about market research. It’s worth a smile. But it’s not poetry.
Here is a brief summary of the Versta Research Spring 2023 Newsletter, which outlines five research lessons that have transformed marketing research during the pandemic years.
Imagine a class of undergraduate students in business marketing taking their first—maybe their only—marketing research class. What is the toughest part of research for them? After one lecture and an assignment, we asked them, and nobody said math or statistics. We’ve just published the Versta Research Summer Newsletter and our feature article, What Do Gen…
With all the strange business disruptions of the last 16 months, and the ways in which the coronavirus shifted the foundations of market research, July 1 feels a lot more like the beginning of a new year than January 1 did. Life is back to normal, we hope! This “new year” inspires us to take…