Beyond The Hype: Innovation predictions in the era of machine learning

IPSOS succinctly explains how it builds AI and Machine Learning (AI/ML) models to predict successful future innovations.
  • This paper illustrates the limits of training concept-based predictive models for the purpose of market research.
  • In terms of training AI/ML models, IPSOS believes that consumer reactions are more robust and stable predictors of innovation success than isolated product characteristics.
  • IPSOS takes verbatim top-of-mind consumer reactions to new product concepts, using these positive, negative and neutral responses to reliably train its predictive models....

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