viernes, 19 de noviembre de 2010

Implications of Neuromarketing… or Should We Say “Neuromining”?



Neuromarketing seems to be a very redundant definition. All the decisions that people take in their entire lives result from an extremely complex logical process that takes place in our brain, which generates possible options or alternatives that are weighed in order to produce a final decision related to any possible area of our lives. Naturally, it includes our consumer decisions.

The marketing process is obviously highly attracted to these types of decisions. Our unique preferences are determined by these processes previously described, resulting in buying the red car instead of the blue one,  watching the “horror film” in the place of the “action film” on Friday night, or preferring a hamburger franchise over another.

Hence, it is a fact that the marketing process has always tried to access these consumer decisions developed in our minds. The changing factor over time is which ways it has used to do it.

Neuromarketing is explained by Max Sutherland as an “applied extension of neuroscience”, implying the application of scanning technology to the human brain. Sutherland also states that it has evolved from studies of the pupils and tracking of the eyes movements while looking at advertisements, and also from the exploration of left and right brain processes.

Another very powerful tool from which marketing has benefited to gather information and to determine the possible behavior of consumers is data mining. According to Jason Frand, data mining is the “process of analyzing data from different perspectives and summarizing it into useful information… technically, is the process of finding correlations or patterns among dozens of fields in large relational databases”.    


However, such a powerful and useful analytical resource may also has a very negative side. According to Leigh Goessl, the first issue is related to the invasion of privacy of consumers, creating complete profiles of individuals without their authorization, or even worse, without their awareness. Additionally, consumers may even run the risk of identity theft.

Also, Leigh Goessl states that laws have not been able to keep up with the fast pace of technology. Therefore, the most important limits for the gathering, processing and use of this data are the decisions of managers in every company.

Neuromarketing may sound shocking as we notice how people’s brains are scanned to look for reactions and responses to different ads and products. But, isn’t it just a step ahead in technology to predict consumer’s decisions?.  How far will it keep going to make these predictions?.  Which types of new regulations will it face?.

If we consider data mining as a predecessor of neuromarketing, maybe these questions may be answered by looking at the development of the former to this day.


3 comentarios:

  1. Hey Anibal!

    I really like how you point out that the new wave of interest over 'neuromarketing' is simply a realization of new data collection methods. In addition, I agree that data mining is becoming far more of a prevalent issue since our personal information is so freely distributed online through social networking sites. Instead of finding relationships like your example of diapers and beer, companies can now use web crawlers to find interrelationships between our favorite topics (according to social networking sites). For more info on this particular form of data mining, check out this site:
    http://online.wsj.com/article/SB10001424052702304410504575560243259416072.html

    Jared

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  2. I agree that intellectual property laws and policies lag behind the technology, but they will always because inventions are unpredictable. About the database, it can be used or combined to other data to develop better marketing techniques. Concern is companies may sell or trade this data. I also believe that laws put more constraints on technology than needed therefore companies using these techniques should com up with self regulatory majors to address the privacy issues.

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  3. I liked the use of the word data mining to refer to neuro marketing. Data mining gives neuro marketing a dynamic appearance, which is quite true, for neuro marketing, is all about digging into the depths of the subconscious mind and collecting valuable data. But I dont think neuro marketing poses any serious threats as none of the tests to detect brain activity can be conducted without permission or knowledge of the person being tested. Marketers are only trying to know the inherent preferences of the individual or group that is being tested. At the most, marketers might be successful to the extent of influencing people's buying decisions through clever packaging or advertisements, which might appeal to the consumers, even though the actual product or its use might not be so endearing.

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