Tuesday, February 07, 2012

Advanced Analytics

Traditional market research or data warehousing requires a team of statisticians to plow through mountains of data trying to find that nugget of insight that will propel your brand.  This is often a lengthy and complicated process that requires the statisticians and you to be on the same page. 

 

What happens when that nugget opens your thoughts to other possibilities?  Can you peel back the onion and ask the next question without weeks of additional work?  Has the opportunity already passed?

 

The traditional approach for performing advanced analytics is to extract a bunch of data, send it to an external group, run it through a way over priced software package, have an expensive resource to analyze the results, then present those findings back to you after a lengthy analysis.  Forget about changing your mind or getting more detail back.  The process is just too long.

 

We’ve taken a different approach on looking at the market.  For one, we have the same analysis built right into the reports you use.  Secondly, we put the output into terms that make sense to you.  There’s no need to sign up for a statistics class to figure out what the data is saying.  Finally, change your mind.  Ask for more detail.  Look at the data combined across brands.  Go ahead. 

 

Why can we do this?  For one, we’ve built all the logic right in the database.  Secondly, we’re using the right tools.  Finally, we’re really smart and have written the analytics so they can be measured across millions and millions of rows of data and answer it in minutes instead of countless hours. 

 

What does that do for you? Most importantly, you can ask the questions by answering a few simple prompts – like “What geography do you want to look at?”, “What brands do you want to use?”, and “What time period do you care about?”.

 

This dynamic approach allows you to ask question after question without waiting for weeks of analysis.  You now have the capability to peel back the onion like you never have before.

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