Insight Landscape

The leading edge of insight creation.

insight Archive

Friday

3

January 2014

0

COMMENTS

From Market Researcher to “Insight Scientist”

Written by , Posted in Business Insights, Insight Infrastructure, Market Reseach

In an article in the October, 2012 issue of Harvard Business Review, Thomas H. Davenport and D.J. Patil proclaim that “data scientist” is “the sexiest job of the 21st century.”  There’s no doubt that data scientists are in demand as the digital trails we generate grow exponentially (in just the last few months I’ve added Instagram, Snapchat and a second Twitter account).   “Big data” places a high premium on the ability to write code for algorithms that will clean, transform, and beat these new (and often unstructured) data streams into submission and they yield up their secrets. (more…)

Monday

28

October 2013

0

COMMENTS

Which variety of conjoint should I use?

Written by , Posted in Optimizing Insight, Research Methods

Conjoint analysis, one of the most effective tools for understanding buyer decision making, was first introduced in the early 1980’s in the form of a card sorting task. The typical task consisted of 18 or more physical cards, each bearing a product description that was constructed by combining features according to experimental design principles, and respondents sorted the cards in rank order from most preferred to least preferred. Monotonic analysis of variance (“MONANOVA”) was used to estimate “part-worths” for each of the features that made up the product concepts. Once the researcher had these part-worths in hand it was possible to simulate the choices consumers would make under different competitive market scenarios. (more…)