Insights

SymphonyIRI Group Point of View

SymphonyIRI Group Point of View 

This SymphonyIRI Group Point of View reveals how advances in data granularity and user-friendly, predictive analytic tools which provide near real-time insights can change the game from a treasure hunt to a foot race—ideally one in which you are the only one on the track.  Find out how using these tools can help unlock new market opportunities and snatch informed success from the jaws of uninformed failure.  Discover the treasure buried inside every store, and use that information to grow your sales across your accounts and markets.
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This Point of View reveals a new era of Shopper Relationship Management (SRM) in which speed is the differentiator that tips the odds in your favor before you even sit down at the table.  Without speed you are left at the mercy of all the same factors affecting your competitors, but getting granular data well ahead of everyone else is the equivalent of seeing everybody else’s cards at the poker table.  To truly stay a step ahead of shoppers and the competition, marketers can leverage the ability to understand what shoppers will do in scenarios they themselves have not yet encountered, making your marketing efforts more fact-based and faster-to-market.
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Today, many industries are undergoing seismic shifts as the American shopper continues to cut costs in ways we haven’t seen in decades. As the economy begins its shift toward recovery, boardrooms must also be nimble and be prepared to shift from their short-term survival strategies and back to long-term growth strategies. Doing this will require fact-based evidence that is accepted as truth across the organization and available in time to support critical business decisions.
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IRI’s most recent investigation into the minds and habits of American beauty care shoppers reveals a highly complex market impacted by multiple trends simultaneously. While there are select uplifts in the market, with small pockets of recovery, there are still large groups of individuals experiencing economic turmoil, unemployment and a severe decrease in savings. Because these are the most personal of CPG products, there is an overlay of emotion that shapes the definition of value.
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Marketing mix modeling (MMM) has existed for decades and its promise has tantalized the senior management teams of first consumer packaged goods (CPG) companies and, in the last 10 years, financial services, telecommunications, retailers, entertainment, pharmaceutical companies and several other industries as well. They are understandably tantalized because some companies have harnessed its potential with enormous success, while others have failed to gain the significant benefits it offers.
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