One of the discussion areas in market research is the rise of new market entrants such as consulting firms, MROC suppliers, digital listening firms, DIY research toolmakers, etc.
But, the two that have most interested me are (a) consulting firms like BCG or McKinsey and (b) large digital platforms that could become uber-panel companies of the future. These two interest me because they occupy the two extremes of the industry: the data-driven strategy providers (high value, non-commoditized) and the data collectors (commoditized but VERY important).
I’ve written and talked about the former quite a bit, but not so much about the latter.
This is why Stan Sthanunathan’s thoughts (click here) on the matter have so intrigued me. I met Stan at TMRE, and he’s pleasure to talk with.
Stan, insights leader at Coca-Cola, poses two questions:
What if…
1. Facebook becomes an insights provider?
2. Google creates a MASSIVE insights panel company?
Thinking about each of these, and looking at the first possibility, it seems obvious to me that Facebook will become an insights provider of some kind. It also seems obvious to me that there will eventually be a privacy backlash of some kind. (As an aside, if Facebook entered the market research supplier market in a big way, it could complicate things dramatically for the MROC builders. In fact, if I were Facebook, I would buy the largest MROC builder. It is a natural fit.)
But what about Google as an uber-panel company? LinkedIn is already far down this path on the B2B side (click here). It doesnt seem to be much of a leap for Google to get heavily in the game.
What if Google entered the market?
1. It would enter in a BIG way.
2. It could offer online sample dramatically larger than the current providers.
3. It might mix in online behavioral data (triggering an eventual privacy backlash).
4. It could create easy-to-use, online, DIY survey tools. This would make surveys much more easy to execute, but would geometrically expand the volume of truly awful research.
5. Assuming this tool could manage the physical geographies of participants (setting geographic quotas), it could kill off phone polling quickly.
6. Tracking surveys could be conducted in realtime, continuously throughout an advertising or political campaign.
Someone at Google has to be thinking about this.
One of the people that will think about it will be the person with this job.
Food for thought.
