Is AI set to transform the market research process? @madebymonks_ set out to answer this question with the MMA, Kraken, the NFL, and other organizations through a series of experiments to test the validity and precision of these new approaches. #shapethefuture
They found that, for high level attitudes, personas and LLMs did a good job of predicting key patterns
Overall, what they know so far is:
1. LLMs can answer some questions directionally
2. Personas show the potential to democratize big survey data and make them more accessible
3. Accuracy varies by data availability
4. Data proliferation and AI improvement will increase # of use cases where Personas can be applied
MMA's CAP is driving dramatic marketing impact by leveraging hyper-personalization. Of the eight experiments so far, the average boost in performance is 2.5x. @gregstuart and Rex Briggs presented results from Shell and MLB at the MMA CMO & CEO Summit today. #shapethefuture
MLB activated its experiment with 7 teams with the goal of selling more tickets. They had five identified cohorts: Avid; Family; Youth; Social; Gamers. They implemented 2,000+ creative versions with an average conversion lift of 65%.
What are the five ways marketing with never be the same because of GenAI? And how do you prepare?
@shellypalmer spoke at the MMA CMO & CEO Summit to answer this question and help marketers be prepared for the future. #shapethefuture
• Your data is at the mercy of large language models.
• When everyone has the Death Star it's no longer a competitive advantage.
• Please do not look at the future through the lens of the present. Imagine a world where cognitive work is just done for you.
• If you don't know what you're doing it won't help you.
• If you suck at your job you will suck faster.
These are just a sampling from his talk. Subscribe to MMA Global's YouTube channel, where will post the recording of his session in the coming days. piped.video/@MMAGlobalMarket…
𝘔𝘰𝘷𝘢𝘣𝘭𝘦 𝘔𝘪𝘥𝘥𝘭𝘦𝘴 𝘎𝘳𝘰𝘸𝘵𝘩 𝘍𝘳𝘢𝘮𝘦𝘸𝘰𝘳𝘬 (𝘔𝘔𝘎𝘍): 𝘕𝘦𝘸 𝘛𝘩𝘪𝘯𝘬𝘪𝘯𝘨 𝘰𝘯 𝘈𝘥𝘷𝘦𝘳𝘵𝘪𝘴𝘪𝘯𝘨 𝘛𝘢𝘳𝘨𝘦𝘵𝘪𝘯𝘨 𝘵𝘰 𝘏𝘢𝘤𝘬 𝘚𝘩𝘰𝘳𝘵- 𝘢𝘯𝘥 𝘓𝘰𝘯𝘨-𝘛𝘦𝘳𝘮 𝘎𝘳𝘰𝘸𝘵𝘩 is the title of @gorecki36's talk today at the MMA CMO & CEO Summit.
Any brand can deploy Movable Middles. There are 4 steps to repeatable implementation:
1. Identify MM segment
2. Convert to audience
3. Test and validate
4. Repeat/scale