Meet EyeSee’s Quirk’s awards nominees that turn data into precious insights

Some people hear music when they see music sheets, while others can look at the data and see valuable insights that lead to strong business development recommendations. Insight managers are a true force behind the Market Research Industry and its cornerstone, each crafting insight stories in their unique way.  

We use The Marketing Research and Insights Excellent Awards powered by Quirk’s to put them in the spotlight and give them all the credit they deserve because, without them, all we would have, is a big pile of numbers and statistics we would have no idea how to use.  

We asked Tara Tesanovic, Saša Radojevic, Milica Kovac, and Bratislav Stefanovic, who are nominated for Outstanding Young Researcher and Researcher of the Year, to tell us a little bit about themselves and what inspires them in their work.  

When did you realize you were hooked on behavioral insights and there was no going back?   

Saša: I must admit that my mentor, Beca (Dobrinka Vicentijevic), infected me with enthusiasm and passion for turning data into insights and the magic of the aha(!) moment. I always love to experience those. You collect all the data and piece the puzzle together, trying to determine where your predictions were incorrect and, more importantly, why! So, you are constantly thinking about it, trying to connect the dots. So, when thinking about it becomes an obsession, you usually let it go, take a step back, and then it just happens.  

Tara: For me, it is the gap between say and do in shoppers’ behavior that is so inspiring, and I also love how the implicit approach to research effectively reveals biases. For example, the entire marketing team may be baffled as to why some packaging labels have no impact on consumers and may have a variety of design theories, but eye-tracking methodology will quickly reveal that it is because they are positioned in such a way that they are not spotted at all.  

Milica: More than 5 years ago I realized the potential of technological advancements to grant us new means to comprehend behaviors that eluded validation through simple conversations. Being a psychologist who was already deeply immersed in research by then, it felt like I stumbled upon new horizons. I’m eagerly anticipating the unfolding of future technologies in our domain. 

Bratislav: It was when I started realizing that it was not always easy to decipher what respondents really thought by providing their answers and opinions to our traditionally defined questionnaires. Many times, I was left with the impression that something was missing, the unfathomable part of what they really thought or needed. Over time, I learned that consumers could easily and clearly express some of their needs, and that’s where traditional questionnaires were quite useful. But oftentimes, consumers cannot articulate their needs, and their responses can then be misleading or prone to biases. This is where the behavioral approach proved to be super useful, as all I did was to just put consumers in their typical and specific situations, with little to no influence or instruction, sit back and observe, and then look for typical patterns of behavior. This way I was much more confident with the learnings and able to draw bolder conclusions and recommendations on how to influence consumers. 

The last few years have been in crisis mode for most (if not all) of us. How has the consumer changed?    

Saša: I understand that the expected answer should be based on our personal impressions rather than a study with specific parameters, but I am afraid that once you recognize the importance of context and put on your insights manager glasses, you cannot just assume such things. So, I will let this one slide, if that is okay.  

Tara: My personal impression is that when it comes to shopping, people become much more cautious and stricter. Especially when it comes to less frequently purchased and somewhat pricey categories like care and beauty. Shoppers will question every claim made about the product, so communication must be well thought out.  

Milica: Living in a deeply consumeristic society, addressing this question isn’t straightforward. If we talk about shoppers, regardless of channel, knowing that trade is a human activity that has existed for a very long time and crisis are nothing really new to people, we see how swiftly shoppers adapt their strategies when crisis hits, making more informed and conscientious choices (crises elevate the significance of System 2 decision-making); at the same time, social media and technologically mediated social communication is a relatively young phenomenon in human history and we are witnessing those same shoppers as now social media consumers struggling to consciously dispose of their time in a way that they perceive as healthy, especially during crisis. 

Bratislav: We are going through the most dynamic period with dramatic changes in the behavior of all of us as consumers. The recent events, COVID pandemic, global crisis and inflation have been shaping the way we shop and consume goods and services. During the pandemic, while locked down, we turned to e-com, but limited to spend as much as wanted, given the concerns and uncertainty, loss of jobs, but also derails in logistics, supply, or delivery. And we started craving. The moment we stepped out of it, unleashed, believing we were going back to the “old, good normal”, the global crisis and inflation hit. So, we are still torn between our wish to shop and consume, and the imposed need to prioritize and budget. But the way consumers changed their behavior depends on the category and consumers’ socio-economic level. In some categories, they started buying less or turned more to private labels. In others we observed an increase in sales of more premium brands. So, this urge to consume and spend is there, but we are reinventing and reprioritizing what is most important to us. 

What is the one thing you are most proud of?  

Saša: It takes a lot less time for me to reach the aha(!) moment because I believe that over time, I have improved the way I think about and approach problem-solving, and I am hopeful that this will continue.  

Tara: Well, I am proud of the confidence that I have gained since I started working. When I give recommendations, I am very confident about them, and my clients act according to them. Somehow, they gave me their trust from the start; their instant confidence in me became a reason for me not to doubt myself and really feel encouraged. From that moment on, it just grew stronger.   

Milica: I take pride in my diverse journey within research, spanning roles from shopper research consulting to creating and validating innovative technologies, all the way to advocating for consumer understanding through new business development. 

Bratislav: For me, a business challenge has always been a creative challenge, too. So, together with clients I typically managed to design the most unusual and innovative approaches to a research problem. Very often you could consider such studies almost as pilot projects, without clear indications on how the study would end up and what the outcome would be. Fortunately, at least so far, such endeavors have ended successfully to my and the clients’ joy, which has convinced me that the “can do” attitude always pays off in the end, with a little courage, no matter how complex the challenge is, which I am especially proud of. 

You look at ad and shopper behavior all the time! Ok, let’s be honest. But what kind of consumer are you?  

Saša: Well, some habits never die. I used to go shopping with a list in one hand and a calculator in the other since I was a student and every penny counted, and I still do that. So, unless there is a good offer, I do not make irrational decisions impulsively. And, of course, I do the math before deciding that the discount is too good to pass up.    

Tara: I am the total opposite. I want to try everything that is new. I like to try new versions of phones; I want to test every pack claim and try new flavors. When you imagine a shopper willing to engage with a product, you imagine me. 

Milica: I’m sugar-free hooked! Besides that, ever since 2016, I’ve been happily immersed in the world of physical retail: whenever I hit the road, I transform into a retail explorer, tracking down mind-boggling stores across the world. To me, stores are the ultimate decision arenas. They hold the power to sway me toward novelties or classics. 

Bratislav: When comparing myself to what I typically see in research studies I could say that I am quite an atypical consumer. I have my predefined set of favorite brands and usually I know what I am going to buy in advance, though I like to explore and try new things when they hit the market and quite often buy things on impulse. I rarely think about whether I am going to spend an extra buck on things I like. Typically, I assess the quality, value, and proposition a product offers rather than the costs it comes at. To illustrate my irreconcilable nature as a shopper and consumers, what may come as a surprise to many marketing people who try to “understand” consumers, if I cannot find my favorite soda (highly processed, artificially flavored) from a major brand in the store, I might as well reach for the most organic, 100% natural juice made by local small businesses. 


Want to learn more about behavioral research from our experts? Find the list of EyeSee’s webinars here.

    Agile tech team is a secret MR weapon

    From the get-go, EyeSee’s mantra was to make consumer insights accessible by jumping outside of the traditional research bounds and going completely online. Starting with a webcam-based eye tracking tool, all the way to today’s custom virtual testing environments enabling the most predictive insights – our team of experts developed a whole different tech-enabled mindset that continues to guide our approach to research a decade later.

    So, we sat down with Aleksandar Velikić, our Head of Growth, to understand how you keep the spark for innovation alive, what goes into empowering your team to grow further and unconventional ways to support organizational transformation:

    What makes market research tech-enabled?

    In a broader sense, a tech-enabled company is any company whose key output is technology, which bases its competitiveness on the use and innovation of tech and gathers experts.

    From the very beginning, we have been utilizing tech to improve, speed up and make consumer research accessible at EyeSee. Exactly ten years ago, we developed an application within which we can map and monitor eye movements of study respondents via their computer webcams. This was a huge step forward in the industry – until then, it was necessary for respondents to personally come to a central testing location in order to be a part of a research project.

    Studies for commercial clients became faster, and the quality of the results was improved due to the larger number of respondents being included by conducting research this way. For example, you can get an eye-tracking test and a report in about two weeks, while previously, such research would have taken up to several months.

    After eye tracking, we developed other methods, such as facial coding and virtual shopping – and clients recognized this. Today we cooperate with global brands, such as Microsoft, Google, L’Oréal, Heinz Kraft, Danone, TikTok and others – all from several hubs in London, Paris, New York, Singapore, Mexico City, Ghent and Belgrade.

    Our interdisciplinary R&D team is the second largest team at EyeSee, and as it turns out, even our more traditional competitors are slowly establishing the so-called automation or innovation teams as well!

    How to reel in top-notch tech experts?

    You draw in a tech-savvy workforce, like any other, with a human approach to work – provide proper working conditions and opportunities to be a part of exciting projects in which they see purpose and a chance to do something that will make a difference. Right now, paralyzing and demotivating myths about developers, such as exorbitant salary expectations, and the pressure on recruiters to “sell” the team or company to candidates, are circulating within the industry. These have proven to be quite harmful since it prevents us from considering the necessary conditions for tech experts and the new benefits we can offer them.

    Three years ago, our technology team had only 3 developers, while today, there are about 30 members who work on the frontend and backend, we have a machine learning team, DevOps, a team of QA testers, several project leads and other experts trained to function according to agile, iterative principles. And in the future of EyeSee, this team will only continue to grow!

    Therefore, you appeal by building a healthy company that reflects its attitude toward employees and has a non-toxic work culture. And if, along the way, you are offered to work on something thrilling, like eye tracking and facial coding, knowing that the fruits of your labor will interact with the world’s biggest brands in the US, EU and APAC – I must say that it’s not too bad of a deal!

    How to retain them and stay competitive?

    The post-pandemic time has pushed many to think in the direction of life changes. Our motto has always been: “Anyone who wants to explore other options should do it”. We trust our colleagues that they can decide for themselves what is best for them at that moment, and it is up to us to constantly optimize the environment in which they work while members of our team. EyeSee, under the pressure of client demands and growth, is continuously being transformed organizationally. And so, many are motivated to change, grow and continue to stay in such a dynamic environment.

    During organizational transformations, horizontal moves are also one of the ways in which employees get a chance to try something completely different. For example, throughout EyeSee’s history, our colleagues have moved from creative teams to tech teams and vice versa, providing novelty and a different set of long-term business goals.

    One of the tools we have been using since this year are retention interviews, during which we want to identify what it means the most to employees and why they are part of the team. To our surprise, many responses relate to conditions that have nothing to do with money – such as stress reduction, relief, human connections and support. Basically, our strategy is not to retain anyone but to move forward together – for some, this means staying at EyeSee, and for others moving to another environment. Both choices are correct.

    Also, the average employee at EyeSee (27-33 years old) has “aged” in the past 10 years, so priorities change even at different ages. Juniors and younger people, perhaps, tend to lean more towards material means in the beginning, and later, when families are created, some non-monetary benefits, support, health and vacation days become significantly more important factors.

    Want to read more about the practices that shaped EyeSee? Check out the 10 turning points that defined our approach to consumer research!

      Launching Risk-Free NPDs: Best practices from innovation experts

      Many new products are introduced every year, but only 20% of cases succeed. Every brand knows that planning and successfully developing NPDs is a challenge – and experts Stijn Smet (Managing Director, AfCE), Angeliki Maragkou (Global Strategic Insights & Analytics Director, Head of CoE, Bayer), Marija Đorđević (Product Director, EyeSee), Mirna Đurić (Head of Insights, EyeSee) and Milica Kovač (Product Manager, EyeSee) deep-dived into tackling challenges, minimizing the risk on the innovation process and why is testing in pre-launch stage improve chances of success once the product hits the shelves.

      Here is what experts with first-hand NPDs experiences have to say:

      Bring to life the consumer needs

      From the perspective of Global Strategic Insights & Analytics Director and Head of CoE at Bayer, Angeliki Maragkou, the challenge is to distill the true and unmet consumer needs. That is why she is convinced it is important to constantly thrive for cross-functional collaboration throughout the process and bring to life the unmet needs and the whole consumer’s journey – think about the experience early on in the process and understand the job that needs to be done.

      At Bayer, in the late stages of innovation, combining methods with multiple approaches minimizes the risk, Angeliki added that it’s not one size fits all, and every element of the innovation should be thought out separately and all of them together. The approach of testing with a mix of combined methods enables the simulation of different scenarios to understand better the whole cycle of development, especially in the pre-launch stages.

      Make it or break it innovation

      Even with vast experience as an innovation consultant, Managing Director at AfCE, Stijn Smet, agrees that innovation is by default a risky business – some ideas will always end up in a dead-end street. For him, the real challenge is that many organizations either pursue ideas against all the evidence because of the lack of better alternatives, or there are too many potentially good ideas that don’t end up pursued at all.

      He then focused on how successful companies do it right – they know how to experiment with innovation more than others and do so in a lean and cost-effective way. Stijn continues to explain that they need to consider how to deal with more simultaneous ideas and come up with internally scalable innovation programs that will enable intrapreneurs to de-risk their idea slightly along the journey, with some training and mentoring.

      With NPD, go big or go home

      When it comes to challenges in developing and testing NDPs, the Head of Insights at EyeSee, Mirna Đurić, noticed one of the biggest and most challenging things for brands is trying to make a significant impact with incremental change. 

      She noted that many companies want to launch the next big product without risk just by playing it safe – developing mostly new line extensions, spreading to new geographies with existing SKUs, or targeting specific SKUs from competitors with similar products. Additionally, innovations have not changed enough, especially in the domain of sustainability – whether it implies innovation in packaging, ingredients, or waste management.

      Maximize the leap to minimize the risk

      Drawing from years of research in NPD, Product Director at EyeSee, Marija Đorđević, reflected on how market research agencies traditionally rely on large sets of data when testing NPDs – collected from in-home usage tests combined with surveys and household panels. But, as she further explained, this model has several drawbacks – it is a very costly and lengthy process, sometimes not user-friendly for end customers.

      From her perspective, there are a few steps researchers can take to effectively test NPDs – First, start the process with highly realistic online representation of brick & mortar environments through virtual shelves to provide an immersive shopping experience and yield better predictions of real-life decisions that measure behavior. Then, ensure to analyze the data with statistical rigor to understand the performance beyond SKU levels – such as category, brand portfolio, switching power, and cannibalization. She added that at EyeSee, modular standardized protocols are used to test and optimize all the different aspects of NPDs such as pricing, packs, claims, and portfolios.

      It’s not the question of IF but HOW to test NPDs

      With previous experience in insights, the Product Manager at EyeSee, Milica Kovač, believes that in-context testing before the launch significantly increases the chances of success. In her opinion, the logic of pre-launch testing is spreading far beyond the boundaries of FMCG – and the new normal even in IT product management is to prescreen and test before launch. She argued that the real challenge is choosing an efficient and fast methodology to get the right answer and not the wrong assessment with your research – the NPD test should be both an assessment of market potential and risk.

      Milica noted that a new approach to testing in the late stages of NPD development uncovers visibility and engagement of the product on the shelf, category growth, sale increase, which elements did not reach consumers yet – and how reformulation of certain elements on the packaging can enhance NPD’s performance in the future.

      Key lessons learned from innovation experts:

      • Know that the NPD testing process is not linear – map out all the unmet consumer needs and revisit them frequently
      • Enable your workforce to accelerate innovation development – master lean experimenting for successful NPDs
      • Dare to innovate – make bigger leaps and test along the way – because that’s what opens the door to becoming a true category leader
      • Have a tech-enabled approach to NPDs – use highly realistic virtual testing environments for the most predictive insights
      • Make sure to wisely choose the research partner – opt for solutions that have been validated against real-life sales data

      Interested in successfully launching NPDs? Reach out to us at [email protected] 

        Forecasting the future: Insights experts on emerging consumer trends

        Predicting consumer trends, new research tools and innovative approaches is no easy feat – which is why we turned to our insights experts to hear their best predictions, advice and perspectives on 2022!

        Social media is the selling place to be

        What happens when two undeniable digital forces meet? The convergence of e-commerce and social media has been an ongoing trend propelled by new consumer groups – especially with platforms like TikTok and Instagram taking the online world by storm. And as social media becomes the go-to buying channel, brands that have been focusing efforts on optimizing their e-commerce presence will now have a new area to adapt to. 

        Social media platforms that offer the opportunity for easy and frictionless purchases directly in the app will lead to an exponential growth of informal e-commerce.

        Dobrinka VincentijevicInsights Director

        Some regions have already been early adopters of new online shopping trends and social commerce is no different – even before its boom during the pandemic, this way of online shopping was thriving in the APAC region. Our Business Development Director for the APAC market, Jie Ying Chow, reflected on how younger shoppers have accelerated this change – and brought new challenges to the traditional path-to-purchase.

        The increased adoption of mobile-driven purchases by younger generations and the continuous shift to digital will require a revised seamless customer journey with a mix of physical and digital touchpoints.

        Jie Ying ChowBusiness Development Director APAC

        But in the rest of the world, this trend is still up and coming – and in the case of some apps, it is just in the process of being rolled out. So, ensuring a smooth consumer experience and understanding the true potential of these novel features will become something brands need to be quick to react to. The best solution? Testing in the context of social media feeds

        The rise of social commerce on Facebook, Instagram, Snapchat and YouTube has pushed us to find better ways of understanding the real impact of these features – but the disruption TikTok caused especially made us rethink our approach to CMS solutions.

        Jane NedinkovskiGlobal Director, New Business Development

        And with it, consumer-centrism must be at the forefront

        Speaking about the consumer journey, our experts agreed that the accent on having a seamless and experience-driven path to purchase will be bigger than ever.  Expectations are also changing – and brands must be aware of the hyper-sensitivity of their consumers.

        This doesn’t mean brands should be cautious, avoiding innovation and provocative communication – but they need to listen to the consumers and their needs more than ever. The risk of dissonance and counter-effect is high.

        Vladimir MiokovSenior Insights Manager

        To go back to the marriage of social shopping and e-commerce, our New Business Development Director focusing on the US market stated how the future will be all about tapping into the vastly untapped areas to stay competitive. 

        The past two years have been a lot about the acceleration of e-commerce because companies had to due to COVID – it was about getting the basics and the supply chain right. But 2022 will be about the next step – how to elevate the experience and differentiate from the competition?

        Laura HosteNew Business Development Director

        As she further explained, having a good and versatile offering of products online and shipping them in a reasonable time frame won’t be enough to satisfy new shopper needs. And as social selling becomes more and more important – the term omnichannel will gain a new meaning. Instead of only ensuring a seamless in-store and online journey, blending social and e-commerce will definitely become essential in 2022.

        But taking social responsibility is still a must

        Another trend that has been increasing in recent years – and that is becoming a part of everyday consumer decision-making – is the importance of impacting society and the environment in a positive way. Shoppers want to understand the environmental impact of what they are purchasing – and with this both the shoppers’ and brands’ focus will shift in the new year – from challenges to solutions.

        The new year will be all about being part of the cure – not part of the disease – and consumers’ needs will undoubtedly reflect that trend.

        Milica LoncarInsights Director

        Questions like whether a product is healthy, sustainable, and accessible will be on consumers’ minds as they navigate online and offline shops – both in terms of distribution channels and financial accessibility. And brands that figure out a way to really and truly achieve these qualities will surely proliferate.

        We will definitely see an increased consumer expectation for companies to take societal responsibility going forward.

        Jie Ying ChowBusiness Development Director APAC

        And with this, another must-do for brands will be ensuring transparency throughout the supply chain in order to lead to more transparent and honest communication with consumers. In a recent study that focused on different aspects of sustainable products – we found that vague product claims, especially surrounding sustainability, have little to no impact on consumer behavior – meaning that consumers can see right through the lack of transparency. 

        Interested in more? Check out the perspectives on 2022 from top experts at Microsoft, Google, Swiggy, Coca-Cola, and Colgate-Palmolive!

          Experts’ guide to 2022: Innovation, sustainability and collecting the right data

          This year has brought new approaches to market research for many global brands, and the shift was felt across all industries – but keeping up with the latest trends is no easy task. To help brands get ready for 2022, we handpicked 5 tips from the top experts from Microsoft, Google, Swiggy, Coca-Cola, and Colgate-Palmolive that tackle the innovation process, sustainability, and approaches to collecting consumers’ data in the next year. Let’s dive in!

          The blog before you is just a sneak-peak into EyeSee’s annual publication filled with 40+ industry insights, top experts’ perspectives and handy advice for the year ahead – and beyond. Stay tuned!

          Tip #1 When in doubt, go behavioral

          When lockdowns and restrictions hindered in-store shopping – collecting consumer data became a challenge on its own. To surpass it, tech powerhouse Google sought new ways to obtain reliable consumer learnings – by adopting a behavioral and remote approach to research. Research Lead Southern Europe at Google, Tiphaine Goisbeault, reflected on how user behavior has evolved and is now more complex than ever – and to stay on top of it, the need for innovation became a crucial component at Google. With this in mind, finding space for innovation at every step – while respecting user privacy and vendors’ safety – means opening new areas of thought, challenging well-known marketing frameworks, or testing new methodologies to improve operational marketing.

          Tip #2 Embrace the small company mindset

          When approaching innovation and product development, Tanja Petrović, The Coca-Cola Company’s Insights Strategy Director, believes there are a few key things small companies are acing – that big brands can learn from. First of all – the agile approach. As Tanja put it, it is something that the big systems could not say was one of their key advantages in the past, but are now heavily learning to apply many agile principles in the way they operate. Secondly, the uncertainty – especially during the pandemic but also beyond, is something small companies are successfully managing on a day-to-day basis.

          Having a super-efficient yet authentic vision and mission with a purpose is another way small innovators are changing the game. Larger companies tend to gravitate towards wide portfolios to cover different business needs, making it challenging to stay focused on the vision and mission. Then there is high engagement internally among the employees and externally, especially with the consumers. Tanja believes smaller brands can especially be proud of the consistent interaction with their consumer – and then basing their business model on that interaction. And finally – alternative channels. Big companies usually tend to go to the mainstream channels to distribute products, while smaller companies are going the other way around and plugging into the alternative channels to build the brand and the product there.

          Tip #3 Start with what’s comfortable, but build on it

          Speaking of innovation – Senior Manager Market Research at Microsoft, Krista Bradley touched upon how many companies lack the courage to take that first step. A lot of times, the challenge in doing innovative research lies in the fact that stakeholders lean towards the rinse and repeat approach to avoid risks. Here’s how Krista always finds the room for innovation – while thinking a couple of steps ahead of what the stakeholder’s needs:

          Tip #4 Tap into the sustainable arena

          As the demand for more sustainable alternatives keeps increasing – so are the opportunities for brands to develop these sought-after products. According to Cherie Leonard (Foresight and Sustainability Insights, NA Division at Colgate-Palmolive), the first step to making sustainable products truly competitive is to understand the job that needs to be done – the product has to fit the consumer’s experience, or they won’t use it even if it’s the most sustainable option.

          Tip #5 Combine different types of data for a full picture

          So, how to approach research in 2022? As technology keeps changing the way of collecting data, many diverse research fields are working together to gather actionable insights. Omnath Killekar, Product and Consumer Insights at Swiggy, reflects on the relationship between insights gained from consumer research and those obtained from passive data. As he explained, these are two types of data: primary research data and the data we have from internal systems (from the funnel conversion, etc.). While both types are vital for researchers, the real magic happens when you understand how to marry the two data sets – to obtain a 360° view of consumer behavior. 

          Interested in more insightful perspectives to help steer your 2022? Make sure you check out some advice from our senior top experts!

            New outlook for 2022: The (non) sense of benchmarks

            Written by Olivier Tilleuil (Founder of EyeSee), Mirna Djurić (Head of Insights, EyeSee) and Jane Nedinkovski (Global Director, New Business Development, EyeSee)

            Taxes, death, and norms – or at least for the market research industry – are inevitable. But do they make sense, or do they just give us a wrong sense of security?

            Why do we even rely on norms? As our experts put it – the straightforward answer is to understand whether a score on the survey is good or bad. Picture this: a company is planning to launch an ad, and they want to test that ad with a survey to ensure it’s a success – but only about 40% of respondents recall the ad. So, is that good or bad? By comparing these results with previously tested ads, we can understand (theoretically speaking) whether that is a good or bad score.

            So, what’s the issue?

            What is good or bad depends on many factors, Olivier explained. If the above ad is for a new brand product, then a similar, or even a slightly lower score than the norm database, would be great. If it were for a well-known brand, scoring at the same level as the average ad would be bad. The same logic can be applied to many other variables. For instance, when it comes to the messaging and the campaign’s objective – some campaigns might be more focused on emotions and others on objective information (e.g., did you know you can use this product for that occasion). Emotions sound great, but rational arguments can unlock a lot of sales as well. 

            When talking about other variables that impact the score an ad can make in comparison to the benchmark, EyeSee’s Founder stated that category and even subcategory, survey method or question, testing in the same medium (e.g., social media or TV), the target audience, the country and so on, are just as vital.

            What does this mean?

            This means: similar category/industrysimilar life cycletarget audiencedifferent types of questions, etc. The number of combinations increases fast: 20 subcategories x 4 life cycles x 12 target audiences x 3 mediums x 4 different types of messaging – this makes 11,520 different cuts! And you need to have at least 20 data points, so you would need +250,000 stimuli (per type and per country) tested every 2 years – and even if you focus on 5 key subcategories, you would need +62,500 stimuli, explained Mirna. Long story short, no company has these resources, she concluded.

            Are those cuts really necessary?

            Why do we otherwise use cuts in the target audience? Are the companies negotiating so hard with retailers about the product’s location or pay so much for certain ad locations? Do they need to be so specific? With first-hand experience with clients across the globe, Jane pointed out that anything less specific is a black box, and the numbers can be impacted by a couple of key parameters. Below is an overview of an important question across different stimuli. The median score for the KPI is 46%, while for some subcategories, the median is 37%. 

            However, as Jane indicated, the subcategories are for CPG – here, we are not taking into account finance vs. CPG. So, your confidence interval of all categories (in CPG) does not even include the median of the better/worse subcategories. 

            What are the alternatives?

            1. A/B test

            The advantage: A/B tests are done on the same audience, which enables you to measure an uplift compared to the current design – if there is any.

            The disadvantage: There might not be a current design (e.g., NPD testing). Or perhaps, people could simply be used to the current design, or the objective of the current design is different. But still, if you want to create an uplift, the A/B tests are much more precise than relying on the ‘black box’ norm database.

            2. Build a tailor-made norm database (and keep it open)

            Instead of having a black box norm database, you can carefully select key competitors and collect data for their stimuli.

            The advantage: It can be done on any relevant target audience and all on relevant stimuli.

            The disadvantage: The cost price. It will cost about 20k per category/stimuli to develop, and you need to renew it every 2-4 years. But then again, you have multiple campaigns per year, so it might make sense to invest in the norm database.

            3. Agree on action standard

            You can agree in advance what good results would be, given the marketing campaign’s objective – but what if the campaign does not hit the mark? Is it because the action standards were too high? The process of creating action standards can be not only very complex but quite subjective as well! 

            Should you throw away the norm database?

            Not necessarily, our experts agreed, but the point is rather to be careful when using them – use them for context and not as the vital parts of your research. In most cases, choosing a better methodology and visualization instead of a supplier with better norm databases is a smarter move. Keep in mind that nobody got fired because of using Nielsen or Milward Brown databases – but if you want to be the best in your area and category, you might want to rely on better agencies!

            Doing your best to prepare for the upcoming year? Make sure to also check out the fresh perspectives for our new seasoned industry experts!

              Fresh insights perspectives on 2022: Prepare to innovate

              As technology continues to accelerate and streamline traditional approaches to understanding consumers, at the end of 2021, we face a transformed market research landscape.

              The insights world is buzzing with ‘agile research’, ‘AI’, ‘machine learning’, and other expanding offers, so we sat down with some of our new senior team members and seasoned industry experts to tackle one question – which approaches truly help brands uncover what consumers think?

              Here are their takes on what could set your brand apart from the competition and how to prepare for 2022.

              The new reality of user experience is here – optimize for success

              The pandemic has accelerated many trends across all industries – but it has not completely disrupted all our consumer know-how and challenges. EyeSee’s Business development lead in the UK, Dorte Torpe Hansen, reflected on the relationship between online and brick-and-mortar stores.

              She noted that more people were forced to shop online but it has not been an altogether positive experience for many. It is not easy to adjust to online shopping: finding products and brands in the right size or flavour, navigating the check-out, sorting out delivery and so on. For quite a lot of people this is more difficult than going to the shops.

              As optimization of the online user experience is bound to be one of the critical domains to leverage growth also in 2022 for brands across industries, make sure to check out our recent comprehensive guide on conducting online path to purchase research.

              Technology enhances what market research can (already) do for brands

              When speaking about the trends brands could anticipate in the new year, Lonneke de Roo, EyeSee’s Senior Business Development Director, mentioned that the question of sustainability is the one that comes to mind first.

              Drawing from years of research in packaging communication around sustainability, Lonneke noted:

              The need to take action and act greener has never been more apparent – and as EyeSee’s recent study proved, an average consumer expects big brands to step up. Key challenge and opportunity lie in this fact: 27% of shoppers would buy more eco-products if they were from well-known brands.

              So, the question for brands in 2022 is not IF but HOW to innovate and build competitive, sustainable products that win on the shelf. This can only be done by foregoing the surface-level greenwashing approaches and tapping deeper into the nuance of consumers’ purchase decisions regarding sustainability. Thanks to simulated feed testing and other tech-enabled options, researchers nowadays are expanding on what can and is being tested.

              Changing times require a change in how we organize to deliver

              Different technologies are currently fuelling a transformation in market research practices and consuming our focus, but these changes need their back-end – our organizations – to catch up as well. EyeSee’s Client Service Director, André Ketzel, concentrates on long-term strategies that can build future-proof organizations and ensure instant wins – here, being capable of seizing that opportunity for change becomes key:

              What is certain is that intelligent and agile use of technology is becoming the main differentiator between research suppliers nowadays — both in terms of delivery and internal processes, resource planning, and decision-making.

              For example, automating manual parts of research processes gives insights teams more time to focus on analysis and the high-value side of their job that requires their expertise and genius – while taking human errors out of the equation.

              Another example of tech-enabled approaches might be the development of virtual testing environments in-house to meet the complex needs of the market. Testing in context enables clients to feel the pulse of the consumers more effectively than in traditional research, consequently preventing new products and communication initiatives from failing.

              These MR supplier organizational adjustments allow brands to innovate and test more of their products, packs, and ads with higher predictability. In essence, market research tech enhancements are empowering brands to become truly customer-centric and consumer-led.

                Improving NPD success: Best practices from Coca-Cola and General Mills

                New product development is the lifeblood of every company – yet only 80% of product launches create a positive impact on the bottom line. With NPDs being one of the more challenging things to develop successfully, experts Tanja Petrovic (Innovation Strategy Director, The Coca Cola Company), Tony Marcello (Consumer Insights Manager – Morning Foods, General Mills), and Nikola Golubovic (Shopper Insights Director, EyeSee) deep-dived into where and how to approach testing NPDs.

                Last year, consumer shopping and how they use products changed – and with it, so did new product development. Studies show that 40% of shoppers are ready to try new brands and products. Did the pandemic impact strategies for new products? Is brand loyalty more of a priority than before?

                Due to its long-lasting legacy, credible products, and a loyal bond with the consumers, the Coca-Cola Company found itself in a privileged situation during the pandemic – most of its key brands were not negatively impacted. But what has changed, under the pressures of a health crisis, is the way people are consuming products.

                Nowadays, consumers are more open to exploring new products and different types of categories – driven by two factors: the inability to travel and have new experiences, but then compensating staying at home by trying new products. According to data from the Coca-Cola Company, in Germany alone, 72% of consumers aged 16-34 are willing to try new exotic flavors. This remains true for France and Spain, where 65% stated they want to try flavors they never had before in an attempt to, in a sense, transport themselves to a different part of the world. Another pandemic-driven change is that consumers are now looking at their products as a vehicle for better health – and functionalities like immunity support, energy boost, etc. are gaining traction.

                Given all of these changes in consumer behavior, how has the new product development process been impacted? What does the process in General Mills look like now?

                While the change in consumer habits transformed the innovation process in General Mills, it is also a natural step for any company that comes over the years. Tony believes that it really comes down to attempting to better understand consumer habits, wants and needs – and doing a lot of research to achieve that. But apart from learning how to truly tap into shopper behavior, understanding how to better communicate at the first moment of truth and how to be better from a marketing standpoint is also crucial.  

                To tap into these (unmet) needs, a lot of research is needed. Consumers don’t always do as they say, so it’s important to find methods that are accurate at measuring what the shoppers are actually doing. 

                What are some of the key reasons NPDs fail? What are the essential things to keep in mind?

                When it comes to new product developments, bottlenecks can occur at any step of the process. The most common reasons behind innovative initiatives’ failures are (mis)understanding consumer behavior, issues in product development, inadequate product communication at the first moment of truth and lack of marketing support.

                On top of this, researchers are often inclined to get as much information out of the shopper as possible – but sometimes that’s not realistic. Consumers can easily state whether they like or dislike a new product or concept, but questioning beyond that is where the real insights lie. And while many shoppers say they are open to trying new products – General Mills’ expert guesses that 90% of their shopping cart is things they typically buy, meaning standing out on the shelf can be a challenge. The aid for this? Instead of doing one test to understand the first moment of truth – do a couple, and bring it earlier in the process in order to fully understand the real potential. Another game-changer is conducting the tests in the consumers’ own space.

                Is there something smaller innovators and disrupters are leveraging that big companies are missing? What can we learn from them?

                Big companies tend to think big – from developing new products and expanding their portfolios to launching campaigns that cover every consumer touchpoint. But, perhaps counterintuitively, small companies’ success lies in just the opposite. Here’s what small innovators are doing that bigger ones should consider, as explained by Tanja Petrovic:

                1. The adoption of an agile approach – big systems don’t tend to lean towards agile principles, but an iterative innovation process and constant improving along the way is the key to a successful launch
                2. Managing everyday uncertainties – instead of the go-to move of attempting to remove uncertainties, large companies need to learn how to deal with them as a normal part of business
                3. Efficient vision and mission with a purpose – with big brands come wide portfolios that need to cover different needs but staying focused on the vision and mission could resonate with the consumers
                4. High engagement internally and externally – what smaller businesses excel at is developing loyal relationships both with employees and consumers
                5. Consistent interaction with the consumer – staying in touch with the consumer through social media provides real-time feedback on a product, service or concept
                6. Leveraging alternative channels – instead of opting for the mainstream channels first, alternative channels are a great place to build a brand and push out products

                On top of this, if small innovators are providing a better or a different quality of a product or service, they can apply premium positioning and pricing strategy OR they provide better convenience while shopping or offer the product at a more attainable price.

                How has researching innovation changed over the years?

                First of all, the context has changed – the ideal store and shopper habits changed and are continuing to evolve – and this has created great pressure for brands, agencies and researchers to do everything faster and more efficiently. Over time, researchers learned how to ask and listen, but nowadays, the key challenge lies in tying all the pieces together, overcoming the obstacles and obtaining the full picture. Recognizing that there is a discrepancy between what consumers say and do, usually means that the outcome wasn’t properly anticipated. As Nikola explained, for EyeSee both the voice of the consumer, and measured behavior are important – and combining the two factors unlocks risk management analyses.

                By doing volumetrics it is possible to estimate actual sales potential all while listening to consumers to help improve the products. This is done through leveraging online virtual shopping environments and putting shoppers in simulated, yet typical shopping situations. The possibilities of this approach are endless – from testing different POS materials, varying different placements, planograms, and types of displays while measuring the sales potential of the new product to repeating purchases and sometimes exposing shoppers to out of stock situations in order to identify what are the risks of listing new SKU – testing in-context holds the key to NPD success.

                Interested in how our experts ensure NPDs are a success? Make sure you check out the full webinar!

                  Eye tracking in venture crowdfunding: Uncovering behavioral insights

                  While eye tracking is widely used and popular in consumer behavior literature, very few studies have introduced eye-tracking technology in entrepreneurial finance. EyeSee’s online eye tracking was recently used in a study conducted by researchers from Vlerick Business School, Politecnico di Milano, University of Ghent, and the University of Bergamo, and it was a pioneering use of the technology in entrepreneurial finance research – and it delivered vital findings about behavior on equity crowdfunding pages. Read on for an exclusive interview with one of the study authors, Xavier Walthoff-Borm.

                  Study authors:
                  Vincenzo Butticè , Veroniek Collewaert, Silvia Stroe, Tom Vanacker, Silvio Vismara, and Xavier Walthoff-Borm.

                  Equity venture crowdfunding is very competitive, and eye tracking helped prove that amount of stimuli/info is provided might make a big difference in the funding outcomes – what are some of the recommendations for getting your page or website right?

                  Equity crowdfunding is competitive as increasingly more entrepreneurial ventures are using this type of crowdfunding, still, the success rates of securing equity crowdfunding are much larger compared to traditional equity markets. It was important to focus on what drives attention to the amount and type of information in equity crowdfunding deals as people’s attention is limited in digital markets, yet traditional finance theory assumes all information is captured by prospective investors. We found that much information is not observed in equity crowdfunding markets and people’s human capital uniquely affects how they look at deals. The extent to which this impacts actual investment behavior, and the funding outcomes is still an open question. However, it is important for entrepreneurs to make the first page (home page) right as we found that most people are limiting attention to this page only. When designing your home page, it is important that you don’t create information overload. Consider all relevant information aspects but choose your hook wisely for each information aspect. Moreover, refine your writing style so you avoid too much description.

                  Eye tracking has extensive use in the world of consumer behavior, UX and E-commerce testing – and now, it has helped you better understand what happens with funders. What are the factors in the investor profiles affect the way they look through a page for crucial info?

                  While eye tracking is widely embedded in consumer behavior literature, only few studies have introduced eye tracking technology in entrepreneurial finance.  We were the first to use online eye tracking technology which allowed us to run a large-scale experiment with real investors. We investigated the human capital of investors and the extent to which it affects their attention behavior to information aspects when evaluating early-stage equity crowdfunding campaigns. Traditional academic literature argues that people attend to signals – think of aspects with regard to the product, the team or the market potential that the entrepreneur is using to signal the potential of an investment opportunity – to assess the quality of early-stage deals. While the crowd in equity crowdfunding markets is heterogeneous, we disentangled human capital into general capital (i.e., their education level and entrepreneurial experience) and specific human capital (i.e., previous industry-specific experience and equity crowdfunding experience). We find that both types of human capital uniquely affect the way people look at early-stage equity crowdfunding deals. For example, specific human capital reduces how many different signals people attend to and the time it takes to do so. In contrast, general human capital increases the signal set size and the time to form a signal set. What is more, both types of human capital influence the composition of the signal set differently. General human capital is increasing peoples’ attention to the entrepreneurial team, while specific human capital is decreasing attention to the entrepreneurial team. Specific human capital (such as equity crowdfunding experience) is mainly increasing the attention to product aspects of the campaign. We also find gender to be influencing attention behavior. Females are less attracted by the financial and strategical aspects of early-stage deals.

                  Perhaps counter-intuitively, it is not always humans and stories that draw attention – in a competitive online environment such as Equity crowdfunding pages, there are other elements that might matter more? What are those attention-grabbing campaign aspects you need to ensure are perceived in order to increase your chances of securing investments?

                  If you want to increase your chances of securing investments, you have to make sure that all relevant and important information is provided on the home page. Most people limit their attention to the home page only. Be specific and be bold in the information you provide on those campaign aspects that you believe make an impact since people’s attention is bounded in online financial markets. Your first entry is the most important one, and this is not different in entrepreneurial finance. We would emphasize the value of carefully considering and drafting the most relevant information on the home page as entrepreneurs have to quickly establish interest and credibility. While the crowd is heterogeneous, and human capital is uniquely affecting attention behavior, it is difficult to make general statements about which campaign aspects are most important and would increase the chances of securing investments. Moreover, we didn’t investigate their investment behavior yet were focusing on the time they spend on different campaign aspects. The proportion of time fixated on these aspects is reflecting engagement of attention, which is different from the importance of the information for a decision-maker. The most important takeaway would be to know your crowd and draft your information on the crowdfunding page accordingly.

                  How does buying online differ from participating in equity fundraising?

                  The boundary conditions in the buying process of online shopping are different from those in the stock buying process of private early-stage firms. Mostly, because of the higher uncertainty in early-stage investment decision making as past information is limited, the information provided is less tangible (accurate) and the decision outcome uncertain and laying in the distant future. Besides, the decision process is more challenging as most people in equity crowdfunding develop their own understanding of the decision outcome without the confessions of reviewers or third-party advisors. These boundary conditions may affect how investors look at deals and how shoppers look at the packaging. Accordingly, I am afraid it would be comparing apples to oranges. Yet, studies investigating how shoppers look to packaging suggest the existence of a limited attention span as well. The observed visual attention behavior seems similar as people tend to focus on easy observable signals (such as prices and brands) rather than detailed information processing (e.g., reading nutrition information). People have the objective of finding information convenient to their primary information needs to reduce cognitive costs. After all, it seems we are lazy thinkers and cognitive misers despite the setting.

                  EyeSee’s remote webcam-based eye-tracking technology has an extraordinarily extensive field of application spanning consumer research, academia, business, or advertising research. Due to its simplicity and wide availability, it is truly a disruptive moment that democratizes eye-tracking. Because eye tracking is now available online to anyone with a computer, it has an exponential effect on the recruitment pool of respondents in comparison to using eye tracking devices or central location laboratories.

                  Want to learn more about how you can combine online eye tracking with other traditional and behavioral methods to drive your business forward?

                    Webinar | Redefining Research Partnerships: Opportunities and Challenges for Insights in 2021

                    In this conversation, EyeSee and Jason Chebib of 180 New York agency (formerly VP at Diageo) will shed light on what should a research supplier/client relationship look like in 2021 – from both the client and agency side, what is it that you are looking for in a vendor or consultant?

                    With so many technologies, buzzwords, and shiny new promises about what research can do, both big and small players compete for a chance to deliver the best insights to drive business decision-making and strategy. We wondered what should a 2.0 Research Agency look like – what are the things we should live up to, and where do we miss the mark? What kind of thinking, mindset, and approach works best, regardless of the technology we are working with?

                    Register now to learn about:

                    • What makes the difference between suppliers: is it speed, quality, flexibility, or something else?
                    • In which direction will the insights industry potentially evolve
                    • What is the role insights should play in shaping the strategy of a brand, in a changing brand landscape

                      Thanks for your interest!

                      We”ll get back to you promptly