With technological innovations disrupting the insights and market research landscape the expectations of companies from market research firms have drastically evolved.The digital transformation led by AI/ML mediums usher in unprecedented connectivity, agility and information. Market research firms that are ahead of the curve are the ones who adapt and integrate technology into their practices to provide nuanced and quality insights and provide valuable impacts to their clients.
With projections reaching $681 billion in spending on digital ads by the end of 2023, digital advertising has become a vital marketing element for businesses. While this growth is evident, the industry is intensifying in competitiveness, with consumer skepticism toward ad authenticity on the rise. On the other hand, companies are concentrating on reaching the right audience and generating the desired results.