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'No menu - Give us the Chef's Special' won the best paper award at the XXIV Annual MRSI Conference.
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© Absolutdata 2014 Proprietary and Confidential
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www.absolutdata.com
March 6, 2014
No Menu – The Chef’s Special
Awarded Best Paper at the XXIV Annual MRSI Conference
No Menu – The Chef’s Special
Advent of the New Game
The Services Domain The Client
REACTIVE
A conducive environment for
super specialized agencies to exist who can deliver
specialized products
Service Vs Research
The Services Domain
Vs.
The Research Domain
A LONG MENUOne Problem Many Solutions
SPECIAL SOLUTIONSOne Problem One Solution
So, lets take cognizance…
Rs 300 Crores worth of business was taken away from Research Firms in 2013
What are the key elements of this game?
How can we play better?
How big is this game?
Global big data business size is to reach Rs 5000 Crore by 2015
Indian market for Big data analytics is Rs 950 Crore; to double in size by 2018
Out of this – nearly 38% is spent for Marketing and Customer Experience Management. This is set to grow to 53% of the market over the next 5 years
200+ Indian Social Media and Digital Marketing Agencies were doing business by early 2014
India has over 50+ large and medium players
Only 3% of leading global firms in terms of using research and analytics, have a “Wait and See”, rest 97% have a defined strategy.
They are solving the same problems as we do …
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Least opportune for analysis
INVEST HERE
OVER EAGER NOT READY BUT WHO CARES?
EASY PICKINGS
Most opportune for Analysis
Customer Experience
Strategy and Business Development
General Management
Marketing
Sales
Finance
Operations
Information and Research
Supply Chain
R&D
Regulatory
Risk/ Security
Legal
Human Resources
Gartner, 2013
Key Elements of the Game
Availability of vast amount of data which can be converted into insightful and actionable information through software and tools.
1
Agencies have found their place on the round table of decision makers, especially due to increasing complexity of relevant information
2
Real Time Analysis
Sources of Data
Implementing on Individual Level
New Age Research = Data + Technology + Consulting
There is now competition from all three quarters
Play our strengths – make solutions using ‘Man-Machine’ combination
Generalists to Specialists
Proactively find forthcoming issues and delivers solutions
Can’t pitch the menu of strengths, but showcase relevant specialties
Dawn of “Productization”
One Defined Problem = One Standard Holistic Solution
Heavy usage of technology in future (sphere of investment)
Capable of making highly frequent and sound decisions for our clients
What does this mean for a “Research Firm”?
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