Want to stay at the very top of your professional game and gain a significant edge over competitors? Want to dazzle colleagues with real insights that nobody else is yet discussing? Look no further than the Ivory Tower. Throughout the year our academic colleagues are producing a treasure trove of ideas and knowledge based on…
As market researchers pay more and more attention to the need for compelling data visualizations, Hans Rosling’s work with interactive data is becoming a catalyst for a fascinating new type of data visualization: animated statistical graphs. He uses them to show world social and economic trends over time, and the effect is exceptionally powerful. Here…
A few years back, some researchers were predicting that social media would cause a seismic shift in how we conduct brand research, customer satisfaction tracking, innovation research, and so on. Others were not so sure, arguing that the fundamentals of data collection and analysis will always be the same. Both sides were represented on a…
I rarely miss the world of academia after having jumped ship twelve years ago, but one thing I always appreciated was that teaching involved distilling ideas down to their simplest and most essential form. Students often led the way for me, asking questions that forced me to clarify, deepen, and condense. So it was again…
It is hard to find an appropriate use for Google Surveys, because, as we outlined in a review article last fall, its capabilities are limited. But last week we needed a quick incidence test of how many U.S. adults own a certain type of investment product. Google Surveys seemed perfect. It was not fast, by…
Some business managers and marketing executives mistakenly believe that “big data” will deliver better insight because of the sheer volume of data now at our disposal. Now we just need the statisticians, the computing power, and the analytics software to sift through it all, right? Not so. The truth is, for most purposes you don’t…
“Mere color, unspoiled by meaning, and unallied with definite form, can speak to the soul in a thousand different ways,” wrote Oscar Wilde in The Critic as Artist. That’s just the problem for market research and consumer behavior. Few design aspects of products, packages, brands, logos, advertising, and environments are more subjective than color. Which…
As we begin the New Year 2013 (and as Versta Research enters its fifth year in business!) my colleagues and I are thinking less about the hottest trends that dazzle, and more about a few rock-solid resolutions for the market research industry that would make research more valuable, relevant, and useful compared to last year,…
If there is one super important lesson to be learned from this year’s round of election polling, it is that online surveys work. Google Consumer Surveys, which use non-probability online samples, predicted the election far better than Gallup did. And online surveys, overall, outperformed telephone surveys. The New York Times’ Nate Silver compiled polling results…
An extremely useful chart rarely used by market research professionals is a mekko chart, sometimes referred to as a marimekko chart. It is a stacked bar chart, but (1) the width of the bars varies in a meaningful way and (2) they are lined up next to each other. Usually the bars vary in width…