Future of Consumer Intelligence Insights
Future of Consumer Intelligence Insights
The Future of
Consumer Intelligence
July 2023
4.8 Billion people now
using the internet
With over 4.8 billion people (61% of the global population) now
using the internet, the shift towards an interconnected world
has become undeniable1. 87% of consumers prefer to research
products online before making a purchase, highlighting the
increasing importance of digital touchpoints in the consumer
journey2. And the typical social media user now spends roughly
87% of consumers prefer to 2 hours and 24 minutes per day using social channels3.
research products online before
making a purchase
1 - Source: Statista.
2 - Source: Salesforce
3 - Source: Datareportal
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Contents 5
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The role of Consumer Intelligence
Defining ‘Consumer Intelligence’
8 Keys to a Successful transition from
Passive Social Listening to Active Consumer Insights
1. Separating the signal from the noise
2. Transitioning to Consumer Intelligence
3. Aligning data to your key business drivers
4. Not all data is equal
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ABOUT
This paper explores the “As the demand for digital insights has risen and market
conditions have worsened, companies have had to adapt by
Intelligence.
On one front, insights departments are bolstered, breaking
down data silos, and fostering data democratization within
Looking at how the changing dynamics of social the organization.
and customer channels provide opportunities
and challenges for organizations who need to
make sense of data, and where innovation can On the other hand, AI-powered Consumer Intelligence is on
the rise. Analyzing data at scale to make decisions in
take us next.
real-time, blending external sources such as social media,
blogs, reviews, SEO and forums with internal sources like
surveys, emails, and care.”
Cara Buscaglia
Chief Innovation Officer
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The role of
Consumer Intelligence
At Talkwalker, we think of online data* as the world’s largest It enables the integration of unsolicited and solicited feedback
focus group. One that operates in real-time. into a single platform, eliminating redundancy and breaking down
data silos across your organization.
Access to this diverse source of consumer opinion represents
a tremendous opportunity for brands and agencies looking to Social data is already powerful. However, you can enrich this data
create relevant content, products that speak to customer needs, by triangulating it with other sources, both internal and external.
and solutions that solve real world problems… but only if you can Helping you gain a more comprehensive understanding of your
make sense of it! opportunity areas and ultimately make more confident business
decisions.
Consumer Intelligence is a powerful practice that combines
text analysis, data segmentation, Artificial Intelligence (AI),
and other sources of data to understand your customers and
consumers. It also provides vital insights to shape and drive your
communications, marketing and product development strategies.
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Defining
Consumer Intelligence
In the past, social listening primarily served as a reactive tool, Consumer Intelligence empowers you to go a step further by Traditional social listening
allowing organizations to understand reactions to campaigns, combining social data and consumer insights with other data
initiatives, products, and services, as well as benchmark against sources like surveys, customer care centers, or reviews.
+
Incorporate diverse data sources
competitors through basic keyword monitoring. (customer care interactions, SEO analytics, reviews, surveys)
harness data. It enables you to go beyond traditional social we can work faster and reduce redundancies in our tools.
listening by incorporating data from diverse sources like customer Empower informed decision-making
and strategic actions in real-time
care interactions, SEO analytics, reviews, and surveys. Traditionally departments have operated in silos, but organizations
are becoming smarter and more aware of the need to examine Deliver insights at scale using AI
By applying AI, you can extract deeper insights, prescriptive and data holistically. They benefit from understanding the various and NLP technologies
predictive, that directly influence outcomes. This shift empowers segmentations associated with different use cases and
businesses to proactively leverage AI-powered Consumer departments, all while utilizing nuanced data platforms. This is the Examine data holistically
Intelligence, driving informed decision-making and strategic
(Break down departmental silos)
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The Future of Consumer Intelligence
Christophe Folschette
Partner & Founder
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The Future of Consumer Intelligence
Yan Levieil
SVP EMEA
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CLARITY
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EVOLUTION
Transitioning to
Consumer Intelligence
Historically social listening has predominantly been used by Understanding your organization’s digital maturity, data literacy Five examples of objectives that our customer
marketing, communications and insights teams. and overall company objectives is essential. Global alignment
have set:
is necessary to access and collaborate on data across different
departments. Accessing tools, such as audience data or
Today, transitioning to Consumer Intelligence platforms drives
salesforce care data, requires alignment and collaboration. Gain deeper consumer insights for our marketing strategies
enterprise wide decision-making across a range of roles and areas.
This includes customer experience (CX), customer engagement Improve customer engagement and experience
(including customer care), customer insights (including market The evolution of insights and data democratization often begins
Accelerate innovation
research), marketing, innovation, sales, HR, product development with small-scale implementations to introduce people and
and management. gradually expands to incorporate more data sources and leverage Build and protect our reputation
AI and data segmentation capabilities for ingesting unstructured
Enhance decision-making with data-driven Insights by
data.
Given the breadth of application here, the first and most creating a center of excellence within our organization
challenging step when transitioning to Consumer Intelligence is to
define your objectives.
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DYNAMIC
Data Silos
information. This ability to deliver at scale across your organization
Descriptive
is essential. So, the next significant step in the world of reporting will be Analysis
a shift away from static descriptive reports to active dynamic
AI plays a crucial role in ensuring both data reliability and prescribed outputs. Essentially AI will help you associate insights
relevance. The team at Talkwalker continues to refine our own AI. with specific use cases, provide guidance during crises and other
For example, we have created a large language model using our business-critical situations.
own dataset, and will soon be launching a digital assistant and
AI-powered automation
copilot, called Yeti, to surface qualitative and quantitative insights
Taking a crisis communications situation as an example, AI will
instantly.
go further. It will suggest alternative messaging if your current
Dynamic
message is not landing. It will even provide tailored messages
Currently, most reports in our industry, whether from agencies for key audience segments. Ultimately, AI in this context Prescribed
or social listening providers, focus on descriptive analysis, simply becomes a much more proactive partner in responding to your Outputs
presenting what has occurred. So, as AI-powered automation strategic objectives.
continues to advance, descriptive analysis, typically carried out
by human analysts, will be seamlessly integrated into automated
reports, greatly enhancing the speed, frequency, and depth of
insights provided in your brand reports, competitive reports,
Insights
and more.
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FILTER
analysis of While these advances underpinned by AI are encouraging, we When analyzing data, it’s essential to break it down according
Social Data must stay mindful that not all data is equal. to these lenses and further segment them based on relevant
stakeholder groups.
Engage with content Lastly, customers represent the traditional feedback channels,
such as surveys, used to gather insights from your core customer
base.
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The Future of Consumer Intelligence
Cara Buscaglia
Chief Innovation Officer
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The Future of Consumer Intelligence
Data-driven
Decision Making
Consumer Intelligence platforms drive enterprise wide decision- Data-driven decisions give you objective, evidence-based insights that help you better understand your target audiences,
making across a range of roles and areas, including customer market trends, and competitive landscape.
experience (CX), customer engagement (including customer
care), customer insights (including market research), marketing, Key benefits include:
innovation, sales, HR and product development and management.
Accurate insights: Helping you access accurate and Competitive advantage: Valuable insights into
up-to-date information about consumer preferences, competitor activities, market trends, and customer
behaviors, and sentiments sentiment.
Improved strategic planning: Identify patterns, Risk mitigation: Reduce the element of uncertainty
correlations, and trends that drive more effective and minimize risk.
strategies.
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The Future of Consumer Intelligence
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STRENGTHEN ESSENTIAL
Leading to more informed decisions, better personalized Speed means rapid access to data enables organizations to make
marketing efforts, enhanced customer experiences, and staying quick adjustments to marketing campaigns, product features, and
ahead in a rapidly evolving market. customer experiences.
By putting the consumer at the center of your strategies, you can Being agile allows you to adapt to changing trends, preferences
build stronger relationships, drive customer loyalty, and achieve and market conditions. It helps you embrace a culture of
sustainable growth. continuous learning and improvement. It lets you pivot quickly by
identifying early warning signs, seizing emerging opportunities,
and adjusting your strategies when necessary.
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The Future of Consumer Intelligence
“To find out which product category to target and how to set
Rimmel apart from competitors, we looked at competing brands and
consumer insights using Talkwalker. As an example, we discovered
that fans loved the Rimmel foundation. Given this, and what we
know about what drives the category, we chose to mainly focus
on the face and eye categories. As a result, we saw an increase in
branded search and share-of-voice, and gained around 3x of our
initial market share target within the first year of launch.”
Cheska Teresa
Managing Director for Lion & Lion
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PROMOTE TRUST
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The Future of Consumer Intelligence
Jordan Schultz
Social Media Manager, HelloFresh
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SINGLE SYSTEM STAY PROACTIVE
Comprehensive view of customer sentiment Enhanced customer-centric decision making These predictions enable proactive decision making, such as
adjusting production levels, optimizing inventory, or planning
marketing campaigns well in advance to capitalize on anticipated
Holistic understanding of customer preferences Real-time monitoring and response
trends.
Centralized data for analysis and reporting Integration with other systems and processes
This can help drive better feedback-driven innovation, iterative
product development and better prediction and anticipation.
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The Future of Consumer Intelligence
Markus Czanta
Director Global Technical Marketing, Merck
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RAPID CHANGE
Looking to
the future
As we conclude this paper, we think it’s also important to stay However, the next step for Yeti is to go beyond mere information Over the next 12 months and even further into the next 3 to 5
mindful that the tools and platforms you use must be run by a about the platform and delve into the story behind the data. It years, AI will play a crucial role in providing descriptive analysis
team of passionate and skilled people who have a well-defined should be able to answer questions like “How do consumers followed by prescription and recommendations. It will help
and achievable innovation strategy. perceive my brand?” This represents the second phase of its democratize data within organizations, making it more accessible
development. to everyone.
While we’re still in the information age, the pace of change will
likely continue to accelerate. A symbiotic relationship between While we already have prototypes of this functionality, it is Rather than focusing solely on insights by specific channels, in
the needs of organizations and the competitive landscape of expected to become fully integrated in the near future. As the the future we will seek a holistic view of consumer and market
Consumer Intelligence specialists is vital for success. industry evolves in this direction, it will be important to address insights across different channels. While many talk about it,
potential biases within the models. implementation remains a significant hurdle in creating a singular
consumer feedback stream - something Talkwalker and our
As such our focus on the future is a crucial part of our mission partners are striving for.
here at Talkwalker. We must acknowledge that data can be complex and challenging
to comprehend. So it’s essential to recognize that humans need
to guide AI and define its purpose. Although AI has tremendous
For example Yeti is our digital assistant that’s launching soon. It potential, it will never fully replace human involvement in certain
excels at describing the capabilities of our platform and enhancing areas.
its usability. It helps users understand metrics like engagement
and guides them in constructing effective search queries.
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The Future of Consumer Intelligence
“Another significant shift is the need “Moving forward, the ultimate goal is for
to move beyond analyzing data by Yeti to provide recommendations on the
individual channels. While that is still right insights to drive action across the
important, the future lies in creating a organization.
unified consumer feedback stream.
This will involve understanding
Businesses aim to gather solicited and consumer sentiments and preferences,
unsolicited customer feedback across all and then translating that knowledge
channels, aligning it with their specific into targeted messaging.”
business units and objectives.”
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