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MARKET RESEARCH

AI enhances data analytics, but human touch remains indispensable

By our African Marketing Confederation News Team | 2024

The future of market research lies in leveraging artificial intelligence to complement and enhance traditional methods, says Ipsos expert.

Artificial Intelligence hasn’t just transformed our world, but is also profoundly affecting market research by revolutionising how companies understand and predict consumer behaviour.

 

This was the view of Ipsos Global Head of Product Testing, Dr Nikolai Reynolds, during a recent visit to South African clients and agencies, where he shared insights on using AI to redefine consumer research and product development.

AI is revolutionising how companies understand and predict consumer behaviour. Photo: Ipsos

 

“Embedding AI into core data analytics has allowed us to achieve even greater precision in our data analysis, accelerating product development cycles and providing our clients with insights that are not only faster but significantly more robust and actionable,” Reynolds commented. 

 

He emphasised the indispensable role of human insight when integrating artificial intelligence into market research and explained that while AI significantly enhances data analytics and processing capabilities, it requires the nuanced interpretation only human minds can provide. 

 

The synergy of technology and insight 

 

Reynolds also addressed a critical challenge in the use of AI within market research, namely overcoming AI ‘hallucinations’. This phenomenon occurs when AI generates plausible but incorrect or irrelevant data, a common risk when AI operates without sufficient human oversight.  

 

“We mitigate these risks by ensuring our AI systems are fed with extensive, diverse data sets and closely monitored and guided by our skilled analysts. This process helps maintain the authenticity and applicability of the insights we generate, ensuring they are deeply rooted in consumer behaviours and cultural contexts,” Reynolds explained. 

 

Amidst concerns about AI replacing human jobs, Reynolds offered a reassuring perspective. “Artificial intelligence is transforming job roles rather than replacing them. It’s about augmenting the capabilities of staff and allowing them to engage more in strategic decision making and less in mundane tasks. This shift enhances job satisfaction and leads to richer, more creative outputs,” he explained, underscoring Ipsos’s philosophy that the best results stem from the synergy between human creativity and machine efficiency. 

 

Precision through localisation 

 

Addressing a key area of concern around the AI revolution, namely data authenticity and accuracy, Reynolds mentioned the need to adapt data tools to specific market contexts.  

 

The process involves tailoring AI models to interpret local nuances, such as South Africa’s 11 official languages. However, it goes beyond simple translation to include idioms, slang and behaviours.  

 

“To ensure the integrity and cultural relevance of our insights, we rigorously validate the AI’s outputs,” Reynolds explained. “This dual approach of localisation and validation guarantees that our market insights are both accurate and culturally attuned.” 

 

Reynolds highlighted that the future of market research lies in leveraging AI to complement and enhance traditional methods, ensuring that insights are not only rapid but also deeply reflective of diverse consumer realities.

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    Dr Kin Kariisa

    Group CEO - Next Media

    Dr. Kin Kariisa is an extraordinary force at the helm of Next Media Services, a conglomerate encompassing NBS TV, Nile Post, Sanyuka TV, Next Radio, Salam TV, Next Communication, Next Productions, and an array of other influential enterprises. His dynamic role as Chief Executive Officer exemplifies his unwavering commitment to shaping media, business, and community landscapes.
    With an esteemed academic journey, Dr. Kariisa’s accolades include an Honorary PhD in exemplary community service from the United Graduate College inTexas, an MBA from United States International University in Nairobi, Kenya, a Master’s degree in Computer Engineering from Huazong University in China, and a Bachelor’s degree in Statistics from Makerere University.
    Dr. Kariisa pursued PhD research in Computer Security and Identity Management at Security of Systems Group, Radboud University in Nijmegen, Netherlands. As a dynamic educator, he has shared his expertise as a lecturer of e-Government and Information Security at both Makerere University and Radboud University.

    Dr Kin did his PhD research in Computer Security and Identity Management at Security of Systems Group, Radbond University in Nigmegen, Netherlands. He previously served as a lecturer of e-Government and Information Security at Makerere University in Kampala, Uganda and Radbond University in Netherlands.

    Dr Kin did his postgraduate courses in Strategic Business Management, Strategic Leadership Communication and Strategies for Leading Successful Change Initiatives at Harvard University, Boston USA.

    • Other current and previous roles played by Dr Kin Kariisa:
    • Lecturer of e-Government and Information Security to graduate students at Makerere University, Kampala and Radbond University in the Netherlands
    • Director of Eco Bank Uganda Limited, one of the largest banks in Africa
    • Chairman of the National Association of Broadcasters, an umbrella industry association for all Television, Radio and online broadcasters in Uganda.
    • Chairman of Board of Directors of Nile Hotel International, that owns the leading hotel in Uganda, Kampala Serena Hotel.
    • Chairman of Board of Directors of Soliton Telmec Uganda, the leading telecom company in Optic fibre business managing over 80% of optic fibre in Uganda.