Let’s consider the importance of insights for brands. In a world of continuous advancements in AI with its ability for superior data analysis, it is important to recognize the power of insights for brands and their enduring profitable growth.
Back when I was an art student I had a very wise and passionate art teacher. Among the most common instructions she would give me when I was creating my art, be that painting or drawing, was to get out there and create that art while actually in front of my subject.
The segmentation graveyard teems with sorry creatures. Most large organizations – and many small ones – have such a graveyard buried within past market research and strategic plans. Among its disused inhabitants are schemes that: Lack explanatory power for observed behaviors Are incomprehensible due to the dozen-plus variables used to define them Incorporate large “unexplained” buckets for groups that fall outside statistically-derived clusters Have substantial overlap among segments
This moment in time is unlike anything America has experienced since the 1960s. During that period over half a century and a couple of generations ago, lifestyle values were changing rapidly. Individuality was in ascendance. More and more people were rejecting institutional authority and relocating their loyalty and identity from society to self.
Disruptive events always feel momentous and world-changing in the heat of the moment. It feels like everything is of consequence and nothing will ever be the same. But of course, it never works out like that. A few things change, some for the better and some for the worse, but most things stay the same. We look back later and much of what we thought would change has been forgotten like a New Year’s resolution....
