future of tracking: transforming how we do it not what we do
TRANSCRIPT
Future of Tracking:Transforming how we do it not what we doMark Chamberlain, Managing Director – Service, Retail & Transformation Brands, KMBUK
Alex Taylor, Client Strategy Officer, KMBUK
28th February 2017
Meet today’s speakers
Managing Director – Service, Retail & Transformation Brands, KMBUK
MARK CHAMBERLAIN ALEX TAYLOR Client Strategy Officer, KMBUK
We’re inspired by the change around us! Brand measurement approaches have to evolve (and keep on evolving) in order to keep pace with consumer behaviour, business pressures and technological advances, to be of value to brand owners.
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Traditional business value drivers no longer provide competitive advantage – consumers have changed and now wield more power!
Source: Insights2020 Study Kantar Vermeer.
1990 - 2010
AGE OF INFORMATION TECHNOLOGY
2010 - PRESENT
AGE OF THE CONNECTED
CUSTOMER
1960 - 1990
AGE OF DISTRIBUTION
1900 - 1960
AGE OF MANUFACTURING
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What are businesses asking for?
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01Speed to Insight
02Connected Data
03Less asking, more observing
04Migration from descriptive to predictive to prescriptive analytics
05More accurate, granular understanding of advertising impact
Budget Allocation
Insight 2020: How is your organisations Insight & Analytics budget currently assigned?
Sales
14%
27%59%
Well established tools and methodologies
Newer and innovative tools and methodologies
Truly experimental tools and methodologies
6Source: Insight 2020 – Kantar Vermeer
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IT’S ‘HOW WE DO’ NOT ‘WHAT WE DO’ THAT CHANGES
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At Kantar Millward Brown we believe 4 design principles are key
Use sophisticated analytics to holistically link feel
(neuroscience), say (survey), and do (sales/digital behaviour)
measures to identify category relationships and predictors of
growth.
Continuously track lead indicators in real time through a mix of digital signals supplemented by ongoing pulse surveys. Use a hot alerts system to anticipate threats & opportunities.
Test new technologies to improve sensitivity to advertising exposure, particularly digital spend.
Create automated quick turn research tools offering 48 hour
turn-around times so businesses can make rapid data guided decisions in response to hot
alerts.
1. CONNECT 2. PREDICTIVE ALERTS
4. CONTINUOUS EVOLUTION
3. DRIVE ACTION QUICKLY
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WE NEED TO USE
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GROWTHDEEPER INSIGHTS THAT FUELTO UNLOCK
CONNECTEDDATA INTELLIGENCE
In pursuit of sales growth, multiple data sources are required to fully understand the link between what people think, feel and buy
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Leveraging surveys to round out our understanding of brand and business performance.
Using the best data available to explain business outcomes.
Observational data to assess what people see, say and seek.
Surveys and neuroscience to reveal what people think and feel.
Behavioral data to assess what they do and buy.
MOBILE BEACON
SET TOP BOXSOCIAL MEDIABIOMETRICSSEARCHDIGITAL
COOKIESSURVEYS
SALES GROWTH
SHOPPER & PURCHASE
Ultimately, to pinpoint where there are opportunities to optimize your activation efforts for increased sales
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CASE EXAMPLE: HOLISTIC ANALYTICS TO ESTABLISH CATEGORY DRIVERS
Integrating customer satisfaction & brand consideration explained c90% of booking variations for travel company
Value
Salience
Meet needs
Customer services
Online experience
Application process
Tracking Metrics
CSAT Metrics
CSAT path 2
Brand path 1
SATISFACTION
CONSIDERATION
1,000,000,00
800,000,00
600,000,00
400,000,00
200,000,00
0,00
1,200,000,00
Estimated verses Actual bookings
R2 = 84.4%
Estimated Bookings Estimated Bookings
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CASE EXAMPLE: EMOTIONAL MEASUREMENT TO NEUTRALISE BRAND CRISIS
Neuroscience helped to quantify the tipping point of brand favourability during a crisis
-0.013
-0.085
In the development of new advertising, we worked closely with Millward Brown to refine and optimize the final product. Using Emotional Priming has become a useful benchmark metric to determine the strength of emotional impact of an ad. We are very pleased with this innovation which has become a part of our research protocol.” - Global Strategic Insights
Surpassing 60 becomes the
‘tipping point where emotion evoked by “Client moves from
Negative to positive
FavourabilityRatings
Client score after viewing ad
Client score without viewing ad
Competitor“Good guy”
Client Brand“Bad guy”
81-10071-8061-7051-6031-5011-302-10
81-10071-8061-7051-6031-5011-302-10
01.
02. 03.
+-
MEASURE LEAD
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OPPORTUNITIESANTICIPATE THREATS ANDREAL-TIME TOINDICATORS IN
-4
0
+4
-5
+1
+5
+10
Lead indicators can be non-survey measures
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% increase inBRAND SEARCHES(CATEGORY RELEVANCE)
% increaseBRAND CONVERSATION(BRAND FAME)
Decreasein spend
No change
Small increasein spend
Big increasein spend
-7%
0%1%
-4%-2%
9%
Search acts like a measure of category relevance and is most responsive to launch/re-launch advertising
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Job to be done: Enhancement
% in
crea
se in
sea
rch Job to be done:
Launch / Re-launch
Size of spend change
High AILow Medium AI
Search
2%
6%
12%
Social response to advertising reflects creative cut-through
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Campaigns with High AI
Campaigns with Low AI
Campaigns with Medium AI
Efficiency of impact of spend on social conversation
Aver
age
incr
ease
in s
ocia
l men
tions
pe
r inc
reas
ed G
RP
Social
Spend
Efficiency
Search impact
Averageefficiency
CASE EXAMPLE: TRACK LEAD INDICATORS IN REAL TIMESpeed & agility of non-survey measures could have saved significant sums for retail client
Tracking results
DBAresults
ALERT
2 weeks£254k
20 weeks+£5.4m!
EXPLOREACT
1 2 3 4 5 6 7 8 9 10 11 12 13
supplement with promotional activity/PR activity?
re-edit on the back of specific content feedback?
adjust content mix for campaigns with multiple elements?
review media mix/laydown?Weeks
Surveys will still be required to supplement non-survey data – but in the form of a short 5 minute pulse survey covering the most responsive business lead indicators
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Spontaneous Brand Awareness
Communications Awareness
Key Image Associations
Perceived Price/Value
SocialSearch
R -.37
CASE EXAMPLE: HOT ALERT SYSTEM
Automated alert system would have helped FMCG client circumvent worsening value perceptions
Brand HOT ALERT
Worth what you pay Linear (worth what you pay)
Average priceLinear (Average price)
Worth what you pay’ / Average Price (R -.37)
CASE EXAMPLE: HOT ALERT SYSTEM
Automated alert system would have helped FMCG client circumvent worsening value perceptions
Worth what you pay Linear (worth what you pay)
Average priceLinear (Average price)
Brand HOT ALERT Worth what you pay’ / Average Price (R -.37)
AUTOMATED QUICK
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IN RESPONSE TOGUIDED DECISIONSMAKE RAPIDTURN MODULES TO
PREDICTIVE ALERTS
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A streamlined approach facilitates an agile way of workingRather than collecting lots of detailed information all the time regardless of whether it’s needed, the tracking system is streamlined and signals when further exploration (and possibly data) is required.
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Alert triggered as it detects pre-defined patterns and sent to pre-agreed stakeholders – research agency, client (insights/marketing) or other key agency partners..
Meeting of key stakeholders and relevant experts quickly convened to hypothesise possible causes and whether further investigation is necessary.
A course of action is agreed and once all necessary information has been gathered , the most relevant marketing action can be taken.
ALERT
EXPLORE
ACT
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BRAND BRAND PULSEPULSE
A quick turn tool suite enables evidence based decision making when an alert is triggered
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Quick-turn supplementary toolsBrand Health NowPricing ModulePromotion ModuleAd NowResearch Now (Omnibus)Qual Now
DIGITAL DIGITAL SIGNALSIGNALALERT
EXPLORE
ACT
CASE EXAMPLE: RAPID EVIDENCE BASED DECISION MAKING/1
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Year 2
Year 3
Year 4
Year 1
OFFAIR
Optimising activity during a period off-air for a high-profile CPG brand
CASE EXAMPLE: RAPID EVIDENCE BASED DECISION MAKING/2
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Time off-airPrevious period
2 3 4 1
CATEGORY RELEVANT INTEREST
BRAND FAME
CREATIVE IMPACTTEST
DIGITAL BRANDDEEP DIVE
(Yearly)
When digital signals declined, the client ran a quick creative test and digital brand deep dive to understand why
SENSITIVITY TO ADVERTISING
TEST NEW
EXPOSURETO IMPROVETECHNOLOGIES
PARTICULARLYDIGITAL SPEND
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Tracking and Effectiveness studies can now be run via Kantar Millward Brown’s Ignite platform: the world’s largest permission-based panel with access to 3rd party data sources
IgniteNetwork
Multiple panel partnerscombine to give panel size
Unrivalled access, context and insight
Panel Provider
Panel Provider
Panel Provider
Panel Provider
Feed in third party data sources, tags and
behavioural profiles
Advertising exposure
tags
Audience Profiles
ProgrammaticSurveys
3rd Party Data
Matching
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CASE EXAMPLE: Using Ignite to improve sensitivity to measure campaign impact
Home Improvement client able to measure impact of digital campaign in near real-time thanks to improved technology that identifies home owner segment based on panelists’ prior site and search habits
DSP33%
Portal47%
Ad Network5%
Home Improvement Site15%
Initial Media Allocation
DSP33%
Portal47%
Ad Network5%
Home Improvement Site15%
Optimized Media Allocation
Media Partner% In
Homeowner Target
% Of Ads In View
Increase In New Product Awareness
New Product Awareness
DSP 13% 55% +4.3 $.65/person
Portal 28% 76% +12.3 $.33
Ad Network 20% 68% +0.2 $.28
Home Improvement Site 45% 88% +18.8 $.38
DETERMINE MOST COST EFFECTIVE MEDIA BUYSThe Portal and Home Improvement site clearly delivered the highest impact at the lowest
cost
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Lastly, but by no means least…..CONNECTING with the business is critical to embed and drive desire for next generation trackingThere are several key steps on the journey to successful embedding an agile tracking approach within a business
“I contribute”Best practice sharing, specific training
“I want it”Foundation training and visualising results
“I understand it”Launch sessions to raise awareness of the new Brand Platform study
# of qualitative IterationsWell executed change leadership regularly reinforced by key stakeholders accelerates adoption and minimizes disruption.
Ong
oing
com
mun
icat
ion
and
com
mitm
ent t
owar
ds t
he c
hang
e Adoption
Acceptance
Awareness
• Roadshows tailored to each internal audience
• Immersion training
• Full study deployment
• Best practice share and steal
• Stakeholder mapping
• Launch event – clarify that the purpose is business impact
• Establish leadership and core teams
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• Review organisational structure & process
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In summary: Rapid change means changing ‘how we do’ tracking. Start piloting now.
CHANGE DRIVER
IMPLICATIONS FOR
RESEARCH
Busy, hectic, mobile/ connected lives
Short, mobile friendly, engaging surveys
Seeking brands & products that align with cultural identity
Neuroscience techniques to measure brand identity sensitively
A proliferation of data from digitalisation
Exploit new data sources for a superior understanding of brand performance
New, more efficient data collection methods
Greater flexibility – services on-demand delivered quickly
Digital media now mainstream but fragmented
Approaches sensitive enough to measure individual components of the media mix
Opportunities for ‘in-flight’ optimization
Fast and easy access to commercially relevant metrics
Advances in programming & processing speed
Data integration and automated smart analytics
Advances in data visualisation
Dashboards and deliverables designed for clarity, impact and action
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Future of Tracking:Transforming how we do it not what we doMark Chamberlain, Managing Director – Service, Retail & Transformation Brands, KMBUK
Alex Taylor, Client Strategy Officer, KMBUK
28th February 2017