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From the Queen’s Speech to the next election: what now for the government’s agenda?
From the Queen’s Speech to the next election: what now for the Government’s agenda?

Archive for the ‘Research’ Category

Is AI the future of market and social research?

Is AI the future of market and social research?

No.

Read almost any opinion piece on trends within the research industry and you’ll find Artificial Intelligence (AI) and machine learning in the top few, so why do I take the contrary view? Perhaps I should explain myself a bit more clearly.

Around 15 years ago, when I was a fresh-faced exec at Ipsos MORI, they ran a ‘Dragon’s Den’ competition for staff to give elevator pitches on innovations they thought the company should invest in. I pitched the idea of using electroencephalograms (EEGs or, more simply: brainwaves) to uncover emotions and reactions that might not otherwise be verbalised.

At the time, the technology was still too young and experimental, and it simply wasn’t available to end-users like us in a functional form. Fast forward 15 years and whilst EEG consumer tech is out there, it is by no means a mainstay of the research industry. But why?

A sledgehammer to crack a walnut

Ultimately, as exciting as EEG tech is, it’s overkill for the vast majority of real-world research questions where that level of data capture is superfluous. We can arrive at much the same insights in far less time and for far less money through good research design and skilled moderation or question writing. The edge that EEG research provides simply doesn’t apply to enough problems that clients have, and that’s why it remains out of the mainstream, providing extremely high amounts of data in mainly academic settings.

The trendy radiator spanner

So, given the blog title, let’s get back to AI. If EEG research is a sledgehammer, then AI is a radiator spanner: a tool that is very helpful…but only in the context of one type of job.

If you have a very large amount of customer data – perhaps online reviews or feedback emails – then the right AI tool will help you distil it down effectively into key themes and sentiments. There are still caveats around this though, in that you lose nuance, and no AI tool can solve the garbage-in, garbage-out problem (will some companies pay AI bots to leave “customer reviews” and then have another department analyse those reviews with a different AI tool? I’m betting yes). What’s more, I’d never advise basing future actions off only the input of those people who take the time to leave a review or post something on social media – it’s simply not a balanced sample.

The reality is that most companies have research needs far broader than the very specific application where AI is of benefit. So, while AI has successfully captured the zeitgeist, it’s far from being the panacea for all research problems.

The right tool for the right job

Here at WA Research, we pride ourselves on offering the whole range of research tools (including AI) but talking to you in terms of the problems they help solve and the outcomes they generate, rather than the mechanisms by which they work.

By keeping a laser focus on the problem and desired outcome, we’ll then select the right tool for the job at hand, regardless of how trendy (or not) that tool is. Feel free to get in touch to discuss the business problem into which you need insight.

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From the Queen’s Speech to the next election: what now for the Government’s agenda?

The Queen’s Speech on 10th May will be one of the Government’s last opportunities to set out its policy agenda ahead of the next general election.

With the Conservatives trailing in the polls and expected to lose seats in this week’s local elections, will Boris Johnson take the opportunity to reset and galvanise his premiership, or will rising inflation and the cost of living mean that the Government continues to lose ground as the general election approaches?

WA’s new report on the Queen’s Speech takes a close look at the Government’s latest legislative agenda, assessing where its priorities are likely to lie in the coming months and what that will mean for businesses.

You can download the full report here:

Queen’s Speech 2022: A look ahead (PDF)

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Decoding private equity’s video game spending spree

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NHS outsourcing to the independent sector: politicians vs the public

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More bang for our buck, please: the government wants more out of R&D tax credits

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Navigating the NSIA: which way for M&A?

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An historic opportunity…for more of the same? A look at post-Brexit procurement trends

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