Monday, May 2, 2011

#TDMR Live: Morning Sessions, Day One

The first morning of #TDMR was introduced by conference chair Lenny Murphy with a "state of the industry" panel. First Murphy introduced the GRIT (GreenBook Research Industry Trends) results for Spring 2011, discussing an industry in transition.

According to Murphy, the industry needs to be moving from the Traditional Business Model to a Transition Model to the Future Model, which focuses on integrating and creating innovative technology and breaking down silos. He and the panel members challenged the audience to be leading technology and creating technology, move towards storytelling, and realize that human strategists are still the strongest tool available. For more about this session, read live coverage by Kristin Schwitzer here.

Up next, we jumped directly into exploring new market research technologies as Joseph Carrabis and Frank Della Rosa were "deliberately provocative" with their panel "Analytics Schmanalytics." This presentation explored Neuromarketing. One interesting take-away from Joseph Carrabis was that the human brain is only hardwired to recognize six colors, using other colors in marketing materials or online can cause cognitive confusion and distract from your message.

Next Olga Patel walked us through some of the eye-tracking technology that has been used by Nestle. Interesting technology included heat-mapping for websites, eye-tracking glasses in a real-world shopping environment and 3D goggles for users to visit a virtual retail space. This technology can be merged with Neuroscience to measure the cognitive response and emotional response of consumers - leading to information that can guide package design.

As an example of the future of eye-tracking, Patel pointed at Text 2.0 technology like so:


After the break, Vivek Bhaskaran of Survey Analytics and Kevin Keeker of Zynga presented on using social gaming as a research methodology case study. Zynga is the number one developer on Facebook, and by tying quick 1-2 question surveys into the gaming experience and drawing from Facebook's data they can provide enormous amounts of feedback quite quickly. Incidentally, it was also mentioned that Zynga is hiring for several Market Research positions.

Stay with us here or follow us on Twitter @TMRE for continued coverage of the rest of the event. What did you think of the morning sessions? Share with us in the comments.

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