Many journalists, bloggers and businesses rely on research surveys to direct their products and output.
Research surveys have been vital in the past but the top research executive of Procter & Gamble Co., (Joan Lewis) has said that she expects research surveys to dramatically decline in importance by 2020. The reason?- social media.
Joan Lewis, is responsible for P&G’s $350 million budget in annual market-research outlays. She has warned that the advertising industry should get away from “believing a method, particularly survey research, will be the solution to anything,” she said. “We need to be methodology agnostic.” However this doesn’t just apply to the advertising industry. It has more far reaching applications to any businesses or media.
Another important element P&G warned was that businesses are not being interactive enough. Indeed, P&G were the only UK company among the top five companies to use Twitter.
Joan told the conference: “The more people see two-way engagement and being able to interact with people all over the world, I think the less they want to be involved in structured research,” she said. “If I have something to say to that company now, there are lots of ways to say it.”
As UGC is recognised by big business we should realize it is just as important in our online community and journalism.
Using online polls, Twitter and other forms of trending provide an insight into the feelings of the online community. As the online community can include a whole strata of the public, it can offer a good cross section and therefore act as an accurate research facility. The ability to target a specific audience by targeting different social media forums is also a key advantage.
Well, what do you think? Vote below!
By Vanessa Holland