Elevating the Role of Chief Insights & Analytics Officer at Board Level: Aligning Consumer Insights with Growth Opportunities
Burgeoning Board interest in creating a data advantage doesn’t always translate into understanding of the consumer insights/analytics connection. Insights and analytics are two sides of the same coin: one can’t exist without the other. In the words of Nick Rich, former VP of Insights & Analytics at Carlsberg: ‘Leaders love analytics because everything adds up to 100.’
Most organisations and leaders aren’t using data effectively – because they haven’t connected it. Eight in 10 business leaders say data is critical for decision-making, but only half truly understand their data. Only 40% of available data is actually used in decision-making, in part due to a vast array of BI tools, with 1 in 4 organisations using more than 10. Engaging decision-makers in data connectivity relies on communicating the value of insights in driving business growth.
Organisations already have enough data: insights and analytics leaders are focused on creating more value from their existing data sets, not commissioning more research. Vendors in turn are focused on delivering the easiest access, simplest data queries and most intuitive meta analysis that heighten insights into strategic tools for advantage.
Realising the Direct Impact of Data Connectivity on Company Goals
Your Board is naturally and continually striving for greater agility and profitability. A 10% increase in data usability can generate $2 billion in revenue for the average Fortune 1000 company. Organisations that report ‘extensive use’ of consumer analytics capabilities also report 93% higher profits than competitors.
Stakeholders can better understand the link between data connectivity and profitability potential through real-life examples of how critical insights can deliver on KPIs, such as:
- Optimising digital advertising campaigns to generate £Xxmillion in sales
- Leveraging conversational data from chatbots to improve customer satisfaction and loyalty
- Linking brand awareness and consideration to the revenue generated by brand equity
- Uniting campaign tracking and POS data to forecast the best areas for investment and tangible return
- Identifying opportunities for bespoke product development and innovation to dominate niche categories.
Sharing how new ways of measuring (and then improving) the consumer experience will help leaders steal market share where competitors are failing to deliver. Specifically outlining the role of connected data sets in a holistic consumer view reinforces the power of a consumer mindset in key stakeholder decision-making.
Stephan Gans, SVP, Chief Consumer Insights and Analytics Officer at PepsiCo, shares how his team communicates the value of data connectivity for business growth: ‘The way I like to talk about it is global might for the local fight. A company is thousands of islands where everybody’s doing their own thing. Getting the insights leader at the table when commercial decision-making happens is one step. But driving consumer-centricity at the point of all commercial decision-making comes down to empowering the people in the room when decisions are being made. Those people need the potential to leverage the wealth of data, for valuable insights that enhance competitive advantage on the spot. Data connectivity is about creating the federal structure that enables all your islands to thrive, leveraging their skill for advantage.’
‘You’re not just a data scientist or a technologist, but a team builder who must bring together the right mix of skills and talents to harness the power of data.’
Harry Powell,
Head of Data and Analytics at Jaguar Land Rover
Demonstrating the Role of Data Democratisation in Business Growth
To deliver seamless, personalised and engaging consumer experiences, your teams need deep expertise in their own fields supported by real consumer understanding. Comparing examples of current team data use against the wide range of unrealised data sources contrasts existing limitations with future business impact. The innovation potential of teams who can leverage connected data will help leaders pivot into new categories and gain early competitive advantage.
The difference between data-informed and data-driven teams is a question of the right training. Stephan Gans simplifies, ‘Meta-learning is just a fancy way of saying: ‘Let’s do your homework’. But when you digitise the process and you standardise the tools, suddenly you’re creating this wealth of skill that you can leverage.’
‘AI will augment everything your whole organisation already does,
answering every business question on a deeper level’
Martyn Crook
Communicating the Impact of AI-Powered Insights on Sales, Marketing and Business Performance
Connectivity enables teams to mobilise profitable opportunities, but AI will take insights potential to the next level: faster data means faster analysis that empowers faster action. Presenting how AI-driven connectivity will link insights data to other datasets will show executives that they can get faster answers to business-critical questions, to achieve the agility and profitability they need on a larger scale.
AI’s capability to enhance marketing impact can be demonstrated by revealing its role in instantly measuring effectiveness to improve innovation, consumer experience and competitive advantage faster. From annual planning to brand proposition to campaign optimisation, combining big and small data will reveal and improve the potency of all touchpoints. Although data connectivity will provide the full picture of upcoming commercial opportunities, LLMs will summarisethis research instantly. ‘In-the-moment’ marketing analysis improves operational efficiency in real-time to accelerate incremental revenue.
AI will also have a pivotal impact on how marketing teams deliver better consumer experiences. Global advertising spend reached $754 billion in 2024 – but much of this spend has yet to deliver tangible results, because emerging technologies are not being deployed in understanding the consumer journey. The CMO Council reports that just 5% of marketers have the ability to respond to campaign data in meaningful ways in real-time, and the majority cannot predict future consumer needs. Biljana Cvetanovski, McKinsey Partner elaborates, ‘Whilst marketing leaders recognise the importance of using AI to drive growth, there’s a 25 percentage-point gap between the importance they place on developing generative AI capabilities and their ability to execute them. Marketers who act can gain a substantial competitive edge.’
The optimum consumer experience of the cookieless future is only possible with optimum consumer insights. Whereas search activity tells only half the story, GenAI identifies unrecognised fears and hidden needs. AI can deliver immersive AR/VR experiences and hyper-personalised content at scale, boosting revenue by 20%. AI-powered insights are the best tool in the marketers’ armoury to reveal unconscious emotional purchase drivers, predict consumer behaviours enhance campaign effectiveness.
On the unparalleled potential of AI to improve the consumer journey, Elaine Rodrigo, Chief Insights & Analytics Officer at Reckitt shares, ‘AI can be a huge enabler to integrate all our data and insights across the E2E consumer journey. Starting with what drives category demand amongst our key audiences, we can understand all touchpoints across the journey and how to activate each one to drive conversion and build the brand.’
How Unilever Uses AI to Evidence the Value of Data Connectivity to Senior Stakeholders
Unilever’s shift from purpose-driven brand to performance-driven business was underpinned by engaging senior stakeholders with connected consumer insights.
Unilever’s CMI function uses AI to integrate forecasting and actual sales data in real-time, with cross-functional teams accessing insights from an in-house cloud platform. Automatic daily processing of large, complex and unstructured consumer datasets from social media and product reviews shares the Digital Consumer Voice across the organisation. Machine learning-based natural language models analyse consumer sentiment and identify key consumer conversation topics. AI-powered connected data equips marketing, quality and research teams with the self-serve insights to react swiftly to trends and consumer feedback. Unilever’s insights-driven decisions have already improved product quality, enhanced consumer experiences and delivered cost savings of €350k in individual cases.
Connecting and democratising data with AI has transformed consumer insights into actionable strategies – but this is only possible with continual stakeholder engagement. CEO Hein Schumacher uses earnings calls to align consumer insights with stakeholder interests. Schumacher recently emphasised that only 41% of Unilever’s business was winning market share on a rolling annual basis, but that AI-driven consumer insights would influence better predictive modelling that identifies opportunities to reach new consumers