Core Themes from TMRE24
Molly Kaylor • 11 Dec 2024
It was great to attend last week's TMRE 2024 in Orlando, FL, engage with leading insights experts, forward-thinkers, and market disruptors, and participate in some great sessions.
The overarching takeaways;
- Generative AI is a catalyst for speed, efficiency, and precision in insights and innovation
- Effective storytelling bridges data and action by connecting emotionally with audiences
- Tailored choice architecture and communication strategies amplify the impact of consumer engagement
- Technology complements human expertise, emphasizing the role of insights professionals as strategic drivers of transformation
{Breathes a sigh of relief}: We're all here to stay.
Generative AI is a powerful tool that enhances human creativity and decision-making, but the heart of innovation still beats with human insight and the integrity of the data driving it.
Core Themes from TMRE24
Driving Customer-Centric Innovation Through Insights, Storytelling, and Generative AI
1. Customer-Centricity & Leadership in Insights
Procter & Gamble's Chief Analytics and Insights Officer, Kirti Singh, talked about how his organization maintains its customer-centricity focus, and shared this advice:
- Have Leadership Intent: Focus on winning both the hearts and minds of consumers.
- Have a Learning Mindset: Cultivate curiosity to discover and adapt to consumer needs.
- Have a Business Acumen: Use insights to grow the market, leveraging generative AI to augment -not replace- human expertise
Takeaway: Humans + Quality Data + Technology Drive Transformation |
2. Transforming Insights Teams with Generative AI
SightX's own Naira Musallam led a session focused on "How Generative AI is helping transform insights teams into strategic powerhouses" which we've summarized here. In short, generative AI enables rapid speed and efficiency, significant cost savings, and refined customer segmentation. Some staggering statistics:
- AI automation can reduce time-to-insights by up to 80%
- Companies using AI analytics are 33% more likely to be leaders in real time marketing
- AI automation can cut market research costs by up to 90%
- AI segmentation boosts customer engagement by 233%
Takeaway: Tools like SightX's Ada enhance insight professionals' capabilities, helping them become strategic powerhouses. |
3. Data Storytelling: From Insights to Action
Domino’s Chief Analytics & Insights Officer Stefania Gvillo's shared her 5 lessons in storytelling:-
- Be concise and engaging: Think like a journalist, not a novelist.
- Know your audience: Content is not a one-size-fits-all. Customize for 'who,' and connect, connect, connect.
- Evoke emotion: People remember stories (not facts or figures). Create relevancy. Make them feel.
- Ignite action: Inspire change through emotional resonance
- Embrace technology: Deliver insights in innovative, relevant ways.
Takeaway: "Data storytelling is turning insights into action by evoking emotions through the use of visual representation." - Stefania Gvillo |
4. Influencing Decisions via Choice Architecture
Brilliant Wharton professor, economist, author, and host of the Choiceology podcast Katy Milkman educated us on the concept of "choice architecture", or how choices are influenced very much by context.
To be better choice architects, we as brand owners and marketers should heed these principles of choice architecture:
-
- Use helpful defaults to encourage positive decisions.
- Deploy powerful prompts to subtly guide attention.
- Leverage social norms to encourage conformity.
- Apply strategic timing to nudge decisions effectively.
Takeaway: Small, thoughtful changes in decision contexts can significantly impact consumer behavior. |
5. Revolutionizing Innovation with GenAI
Principal at ZS, Tim Joyce, led a panel discussion with Hershey's Amanda Beacher to discuss how -through collaboration with ZS's Atlas Intelligence Tool (generative-AI powered)- they are reinventing the new product innovation process.
Takeaway: Generative AI tools like ZS's Atlas Intelligence offer transformative potential for brand marketers and innovation teams. |
6. Audience Insights for Effective Communication
Charles Duhigg, writer at The New Yorker, and author of "Supercommunicators" discussed how the right conversation at the right moment can change everything. Through the "matching principle," we can tailor conversations to meet our audience's needs, be they practical, emotional, or social.
Takeaway: Understanding the complexity of "who" you're communicating with is essential for driving meaningful engagement. |
Meet the author
Molly Kaylor
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Meet the author
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