How AI & ML are changing consumer research — Dr. Duane Varan // MediaScience
- Part 1 How AI & ML are changing consumer research — Dr. Duane Varan // MediaScience
- Part 2AI innovations in MarTech — Dr. Duane Varan // MediaScience
- Part 3How Science is changing advertising — Dr. Duane Varan // MediaScience
Show Notes
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01:54MediaSciences place in marketingMediaScience measures user emotion directly, instead of depending on people to tell you, which can be inaccurate. Their tools give you a detailed look at your customers on an individual level.
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03:47How technological advancements changed consumer researchOver the years weve used data to track our users' behaviors. With technological advancements like biometrics, we now have a greater chance to really get to know them better.
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06:52How to evaluate performance with neuroscienceTo check an ads performance, metrics like peoples heart rate and facial expressions are used. MediaScience creates a simulated home environment to test reactions to the ads.
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10:49Lab Data VS Field Data: Quality assuranceA home environment is simulated to make the experience more real. While machines like EEGs are obvious, there are other more subtle measures that go unnoticed by the user.
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12:56Popular metrics used to measure user responseSome metrics used to measure user reactions include facial muscle movements like lip and eye movements. You can also track response speed to measure awareness.
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14:29Who uses MediaScience and whyThe major TV networks make up the bulk of MediaSciences clients. Any major innovation in the marketing world generally gets tested by MediaScience first.
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16:07The break ad experienceAn interstitial helps with user experience by providing a better break experience. While your customer experience improves, the drawback depends on your priority.
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17:37Testing new ad formatsThe approach for this would be a comparison testing to gauge user emotion. So youd test the performance of the new ad format against a regular ad format used before.
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19:46Evaluating brand associationsOver time, people form brand associations. MediaScience tests this by evaluating user reactions to your brands at different times and settings.
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21:33MediaScience versus comparative data analysisYou wont get the most accurate data just by comparing the usual analytics data from 2 ads. MediaScience shows not only end results but how you got there.
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23:19Evaluating the why through testingTesting an ad in aggregate, you miss the smaller elements that produce your result. Using machine learning and AI, theres no need to make assumptions about how your user feels.
Quotes
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"When you're talking about marketing above all, you're talking about human emotion. But the tools that we use to get to human emotion usually depend on self-report." - Dr. Duane Varan, Founder & CEO, MediaScience
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"When you ask a person how they feel, they give the rational interpretation of what they think they must be feeling. And that's actually far removed from their actual emotional encounter." - Dr. Duane Varan, Founder & CEO, MediaScience
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"If MediaScience was a university, we would rank 25th in the world. The only non-academic entity to kind of like break into the top 50..." - Dr. Duane Varan, Founder & CEO, MediaScience
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“Survey data was about 54% accurate in predicting ultimate in-market market success, the addition of the biometrics took that up to 78%...” - Dr. Duane Varan, Founder & CEO, MediaScience
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“What we've done in a lot of our research is demonstrate how measures like galvanic skin response and heart rate are just as good as more aggressive measures like EEG.” - Dr. Duane Varan, Founder & CEO, MediaScience
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“So the data that we're getting through a traditional method is like the data in aggregate of what the effect was... But these new neurometric measures give us second by second data.” - Dr. Duane Varan, Founder & CEO, MediaScience
- Part 1 How AI & ML are changing consumer research — Dr. Duane Varan // MediaScience
- Part 2AI innovations in MarTech — Dr. Duane Varan // MediaScience
- Part 3How Science is changing advertising — Dr. Duane Varan // MediaScience
Up Next:
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Part 1How AI & ML are changing consumer research — Dr. Duane Varan // MediaScience
Dr. Duane Varan, founder and CEO of MediaScience, talks about the science of machine learning in marketing. How we track marketing success has evolved throughout the years. And we can now collect more accurate data through technological advancements. Today, Dr. Duane explains how machine learning and AI are changing consumer research.
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Part 2AI innovations in MarTech — Dr. Duane Varan // MediaScience
Founder and CEO of MediaScience, Dr. Duane Varan, discusses the science of machine learning in marketing. AI and machine learning is already helping businesses gather and analyze data. It all boils down to balancing your marketing strategy to make technology work in your favor. Today, Dr. Duane talks about some of the innovations from AI and machine learning in the MarTech space.
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Part 3How Science is changing advertising — Dr. Duane Varan // MediaScience
Founder and CEO of MediaScience, Dr. Duane Varan, wraps up the conversation about the science of machine learning in marketing. One of the main aspects of gathering consumer data is the ability to effectively analyze it for your success. And depending on your sector, your metrics and KPIs will be different. Today, Dr. Duane talks about how science is changing the advertising industry.
Play Podcast