BI tools are for big [business] data what CI tools are for market research data

E13
19:40
April 29th 2022

This episode explores the topic of BI tools, and how they're not fit for purpose for extracting material business value out of market research data.

Host and guest, Michael Howard looks into the role of BI tools, and compares them with the external equivalent CI tools.

The episode covers:

> BI tools are an incredible asset to an organization and can deliver all sorts of insights that can help an organization, but, they simply can’t easily deliver the same kind of value to insights professionals that a fit-for-purpose consumer intelligence tool can.

> We dived into BI tools, exploring their rise and use in the business world, which included five reasons why BI tools aren’t fit-for-purpose for market research data.

> We touched on the workaround that broke the metaphorical camel’s back, digging into reasons why workarounds aren’t always the solution for market researchers.

> We looked at consumer intelligence tools and how they’re focused primarily on the consumer, the customer, the user. This covered CI tools being valuable in storing and processing data in a way that respects the statistical nuances of consumer and market research data.

> And we finished with the need to focus on desired outcomes then working backwards to see what path is best for your insights function to take.

Enjoy the show.

Now that's Significant

Now that's Significant is a podcast focused on inspiring and educating Market Researchers as they seek to tackle pertinent challenges impacting the insights sector, as well as make the most of the many opportunities we're facing to deliver greater value to our stakeholders.

The team from Infotools rotate the hosting responsibilities to bring a range of passion, experience, energy, and views to the show.

Check out transcribed episodes on our website at Infotools | Podcasts

***

Infotools Harmoni is a fit-for-purpose market research analysis, visualization, and reporting platform that gives the world’s leading brands the tools they need to better understand their consumers, customers, organization, and market.

Established in 1990, we work with some of the world’s top brands around the world, including Coca-Cola, Orange, Samsung, and Mondelēz.

Our powerful cloud-based platform, Harmoni, is purpose-built for market research. From data processing to investigation, dashboards to collaboration, Harmoni is a true "data-to-decision-making" solution for in-house corporate insights teams and agencies.

While we don't facilitate market research surveys, we make it easy for to find and share compelling insights that go over-and-above what stakeholders want, inspiring them to act decisively.

One of the most powerful features of Harmoni is Discover is a time-tested, time-saving, and investigative approach to data analysis. Using automated analyses to reveal patterns and trends, Discover minimizes potential research bias by removing the need for requesting and manually analyzing scores of cumbersome crosstabs – often seeing what you can’t.

Discover helps you easily find what differentiates groups that matter to you, uncover what makes them unique, and deliver data points that are interesting, relevant, and statistically significant, plus see things others can’t. Add to all this an impending GenAI feature, and you have an extremely powerful, future-proofed tool.

Feel free to check out our platform and services at www.infotools.com