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	<title>Five Ideas That Matter &#187; listening platform</title>
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	<description>Developing ideas around metatrends</description>
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		<title>Why Metatrend analysis?</title>
		<link>http://www.fiveideasthatmatter.com/2009/07/31/why-metatrend-analysis/</link>
		<comments>http://www.fiveideasthatmatter.com/2009/07/31/why-metatrend-analysis/#comments</comments>
		<pubDate>Fri, 31 Jul 2009 16:22:58 +0000</pubDate>
		<dc:creator>Chris</dc:creator>
				<category><![CDATA[Method in our madness]]></category>
		<category><![CDATA[Fortune Most Admired Companies]]></category>
		<category><![CDATA[listening platform]]></category>
		<category><![CDATA[method]]></category>
		<category><![CDATA[methodology]]></category>
		<category><![CDATA[tools]]></category>
		<category><![CDATA[trends]]></category>

		<guid isPermaLink="false">http://www.fiveideasthatmatter.com/?p=116</guid>
		<description><![CDATA[We&#8217;re interested in Metatrends partly for their potential to deliver untapped insights, and partly because we&#8217;ve lost confidence that traditional quantitative market research can deliver bread and butter insights in a convincing way. The frequency which which we read about badly applied primary research methodologies is depressing, and even more depressing is the fact that [...]]]></description>
			<content:encoded><![CDATA[<p>We&#8217;re interested in Metatrends partly for their potential to deliver untapped insights, and partly because we&#8217;ve lost confidence that traditional quantitative market research can deliver bread and butter insights in a convincing way.</p>
<p>The frequency which which we read about badly applied primary research methodologies is depressing, and even more depressing is the fact that examples of bad methods &#8211; such as <a href="http://en.wikipedia.org/wiki/Audience_measurement">television audience measurement</a> &#8211; have attained institutional acceptance through inertia.</p>
<p>Commercial market research is a mature discipline, but while methods and resources to collect and mine data have evolved, program design has barely changed at all.</p>
<p>There are two widespread problems with traditional commercial research, split between sampling errors and respondent errors.</p>
<p>Sampling errors are usually the result of a compromise between scope and budget. For example, prestigious and respected surveys such as <a href="http://money.cnn.com/magazines/fortune/mostadmired/2009/faq/">Fortune&#8217;s Most Admired Companies</a> &#8211; based on a survey of only around 4,000 people.</p>
<p>Respondent errors are a hangover from another age, when there were no other ways to gather opinion than to ask people what they thought. The problem: people won&#8217;t always tell you the truth &#8211; because of embarrassment, malice or any of a number of other reasons. <a href="http://blogs.journalism.co.uk/editors/2009/06/20/twitterers-claim-victory-over-loaded-daily-mail-gypsy-poll/">Gaming surveys</a> has even become popular as a form of subversive act. The best possible example of this problem are election exit polls &#8211; <a href="http://en.wikipedia.org/wiki/Bradley_effect">notoriously volatile</a>, and consequently hard to rely on.</p>
<p>Our experiments in metatrend analysis are rooted in the belief that there could be another, better way to measure trends &#8211; built on opinion, attitude and intention signals that can be mined online.</p>
<p>We&#8217;re building our method as we go &#8211; testing out a range of open and licensed data sources, acquisition and analysis tools for effectiveness. A methodology white paper will follow in the next few weeks, but what is certain is that it will not be a sacred cow. We plan to avoid the same stagnant rut as traditional market research: as tools, resources and processing capabilities evolve, so will we.</p>
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