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Opportunities and Threats faced by Market Research – Peter Harris

I’ve had the opportunity to attend a few MR and Marketing Industry conferences in Australia, North America and Asia over the past 12 months. As always, these conferences are designed to scare the living daylights out of marketing and research professionals. They are highlighting how much things are changing, that consumers are more empowered than ever, that technology is the driving force, that clients are demanding more, faster, for less, and the fast flowing giant river of information (big data). In short, they are driving home the fact that the Revolution is on, i.e. “If you don’t like change, you will like relevance less”. In general I think this is right. But each of us has a chance to make a difference.

As a global profession, our biggest opportunity and biggest threat will be defined and determined by how much we ourselves are willing to be flexible in a digital driven world. We need to find ways to keep up with change and feel comfortable in a land where we don’t know what is around the corner. It’s hard for many MR professionals to do this (as we love to be in control and understand) but we need to try.

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