By stacking several mind-reading tools into a single study, researchers used neuroscience to find a predictive whole greater than the sum of its parts
One of the big takeaways from 2016 seems to be that were still bad at understanding one another. Its a considerable challenge for marketers, whose livelihoods depend on being able to know and influence others. The usefulness of self-reported market research stops short of a grand theory of buying behavior. Many subjects cant explain why they responded well to a particular ad, or they cant articulate their connection.
For years, marketers have been turning to neuroscientists in their quest to drill deeper. Each new tool sheds insights on what actually drives consumer response. Facial coding is able to account for 9% of explanatory power, while the Electroencephalogram (EEG) reveals as much a 62% of decision making. But when , chief neuroscientist at , combined all the tools into a single measure, .
The official name of the method he developed is the Video Ad Explorer. Unofficially, he calls it the Holy Grail of marketinga penetrating probe of consumers brains that is able to measure results with up to 77% explanatory power with in-store sales. Now, Marci talks about the significance of his research and how it could reset that ad-making process.