Predicting Market Impact of Advertising
Many companies claim they use neuroscience or emotion-tracking tools to improve advertising and marketing. But are they willing to prove it?
PROJECT INFORMATION
PUTTING VALUE MEASUREMENT TO A BLIND TEST
We all need more certainty. Confidence that our content will have the impact we need. Many companies say they use the tools of neuroscience to improve certainty around advertising and marketing. But, if you look closely, much of this work fails to drive outcomes for their clients. Some companies that claim to be neuroscience experts do not even measure neural activity, while others measure biometric signals that fail to capture what actually drives consumer behavior: the extent to which the brain gets value in real-time from an experience as it unfolds.
Accuracy is king. Immersion’s algorithms turn multiple neural signals into an easy to understand 0-100 measure that accurately predicts outcomes with high accuracy because we spent more than 15 years measuring every neural signal possible—often all at the same time.
Our early research was focused on the ability to identify the neural correlates of persuasion. You can find this research published in peer-reviewed scientific journals such as Biological Psychology and Journal of Intelligence Community Research & Development.
LOOSELY TRANSLATED, "ROBUST RESULTS" = "STOPS ALL THE BS"
Our funding required that we find statistically "robust" neural signals that predicted study participants' actions after a message or experience. "Robust" is a term-of-art in statistics that means that the signal predicts the same way nearly every time one measures it.
Our research showed that signals coming directly from the brain failed robustness tests. These signals, often measured with an electroencephalogram (EEG), are disjointed parts of brain networks that respond not only to experiences but also many other things. This means that EEG signals predict actions sometimes but other times not very well. Even when they do predict, the accuracy of the predictions for most behaviors is quite low. The signals that Immersion captures come from the nerves coming out of the neck.
These are brain-integrated signals that our research has carefully traced to the activation of large brain networks. These integrated signals are statistically robust.
Pretty awesome, right?
You should download this case study and send it to a friend. A little neuroscience goes a long way.
THE STUDY
The global advertising juggernaut BBDO challenged us to predict sales bumps using neural measures. BBDO Asia Head of Strategy, Andy Wilson, designed a deviously delicious blinded study in which BBDO's clients had ranked ads for sales bumps, with each company using their own methodology, and BBDO withheld this information from us, creating a blinded case study.
The challenge was simple: Could we predict which ad had produced the largest sales bump? There is no better way than a blinded protocol to prove that Value predicts sales, so we readily agreed to do the study.
BBDO sent us 18 ads they had created for six clients, three ads per client. The brands were quite varied: Snickers, Cesar dog food, AT&T, Visa, Guinness beer, and Bud Light.
We recruited 61 participants to watch the ads while we collected neurologic value data. Respondents, who ranged in age from college students to middle-aged adults, were balanced by gender, and had varying ethnicities and incomes.
THE RESULTS
Immersion data correctly identify which ad produced the largest sales bumps for five of the six brands we tested. That means we predicted sales bumps with 83% accuracy. Of course, our ranking could have been dumb luck. The likelihood that our prediction was due to random chance was only 3.1%, a highly statistically significant result.
Here's another way to understand our findings: there is a statistically significant linear relationship between neurologic value and sales bumps, so as Value increases, so do sales.
This blinded test proved that neural signals from a modest number of individuals are able to predict what will happen in the market. A win for Immersion!
You may be wondering which brand our forecast missed? Bud Light. Andy Wilson later told me that Bud Light had, in addition to TV commercials, sponsored live concerts, a social media campaign, and swag giveaways that affected sales; real-time neurologic value could not take these additional sales-drivers into account. BBDO had basically thrown us a red herring, but the neurologic data did what it was designed to do: predict actions from messages.
Our 20+ years of published neuroscience research has shown that specific combinations of neural value signals consistently and accurately predict outcomes.
Blinded tests are the gold standard of prediction. We achieved 83% accuracy in a blinded test to predict sales bumps designed by BBDO by measuring value in only 61 people.
Immersion provides an effective and accurate tool for predicting an ad's impact and efficacy. When you need to know what will work, Value Measurement cuts out the bullshit.