In the concluding chapter of Everything Is Predictable, Tom Chivers asserts that “…everything decision-related is Bayesian. It simply describes the optimal way to integrate new information with your prior best guesses. When you look at it like that, so many things seem to make more sense.” If you’re in the business of quantifying consumer behavior, it’s quite a compelling statement.

"I love how actionable this feels. There are real things we can do with this." That’s a quote from a recent client on an engagement that included a Market Research Online Community (MROC). That is tremendously gratifying to hear based on my early experiences with MROCs.

AI is rapidly advancing and shaking things up across a variety of industries, and marketing research is no exception. It’s clear that AI holds immense potential for analytic use in this field. Yet, we wanted to personally dig in to understand how AI stacks up against the claims. To gain a true picture of AI capabilities, MarketVision has been actively testing different AI analysis tools within our qualitative research practice to identify both their limits and potential to deliver value.