QuestionPro Adds Rich Features to Online Survey Service; Sophisticated data-collection and analysis tools enable more accurate market research and increased customer insight.SEATTLE -- QuestionPro, a leader in online survey hosting and delivery since 2002, announced today it has added significant functionality to its online survey service. The addition of its "Market Research Toolset" extends its existing data-collection and analytics services by introducing three new capabilities: Online Panel Management, Action Oriented o·ri·ent n. 1. Orient The countries of Asia, especially of eastern Asia. 2. a. The luster characteristic of a pearl of high quality. b. A pearl having exceptional luster. 3. Analytics and Decision Support Systems. While online surveys have become extremely popular for profiling website visitors and deriving customer intelligence, many "basic" services offered by consumer-oriented sites offer little more than simple surveys intended for single use purposes. More advanced hosted survey tools can be prohibitively pro·hib·i·tive also pro·hib·i·to·ry adj. 1. Prohibiting; forbidding: took prohibitive measures. 2. expensive for market research firms, marketers or small businesses. Only QuestionPro blends high-end research functions with a consumer-friendly interface at an affordable price. Its latest version includes features for panel management, conjoint con·joint adj. 1. Joined together; combined: "social order and prosperity, the conjoint aims of government" John K. Fairbank. 2. and TURF analysis TURF Analysis, acronymous for "Total Unduplicated Reach and Frequency", is a type of statistical analysis used for providing estimates of media or market potential and devising optimal ways how to use it given the limited resources. and real-time event notification Event notification is a term used in conjunction with communications software for linking applications that generate small messages (the "events") to applications that monitor the associated conditions and may take actions triggered by events. . "All too often simple surveys leave you with more questions than answers," said Vivek Bhaskaran, founder and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of QuestionPro. "The features we've added in this release help researchers get better insights from their surveys and polls. As former analysts, we know what tools and features are needed to turn data into decisions." There are three new capabilities included in QuestionPro, including: Online Panel Management, Action Oriented Analytics and Decision Support Systems. Online Panels: QuestionPro's new toolset makes it easier than ever to create and manage panels. A panel is effectively a pool, or group, of a subset A group of commands or functions that do not include all the capabilities of the original specification. Software or hardware components designed for the subset will also work with the original. of customers/potential customers. Companies and researchers create this panel by asking panelists for demographic, geographic and other types of profile information once. Each subsequent time a panelist pan·el·ist n. A member of a panel. Noun 1. panelist - a member of a panel panellist panel - a group of people gathered for a special purpose as to plan or discuss an issue or judge a contest etc participates in a survey, the answers are stored as part of their profile. This enables a number of benefits: --Research Quality -- By recruiting and managing an online panel, a user is in control of the sample size, composition and frequency. This control increases the overall quality of the results. --Increased reliance on analytics rather than hypothesis -- Having an easily accessible online panel encourages companies to conduct more research and make significant business decisions on research as opposed to "gut-feel." Moreover, online panels contribute to analytical research that can be cross-linked with data from qualitative research Qualitative research Traditional analysis of firm-specific prospects for future earnings. It may be based on data collected by the analysts, there is no formal quantitative framework used to generate projections. like focus groups. This enables business decision makers to rely on data coming from both the qualitative as well as the quantitative segments. --Lower Cost -- Self-service software solutions to recruit, maintain and utilize panels are typically more cost effective than renting and outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. online panels. Action Oriented Analytics: QuestionPro's Market Research Analytics is an extension to its existing tools to dive deep into the data collected via online surveys and polls. The Market Research Analytics includes the following tools that can give insight into data beyond basic frequency analysis -- via a point-and-click browser browser Software that allows a computer user to find and view information on the Internet. The first text-based browser for the World Wide Web became available in 1991; Web use expanded rapidly after the release in 1993 of a browser called Mosaic, which used interface. --Grouping and Segmentation -- With the Segmentation tool a user can quickly create and define segments or profiles based on responses to surveys or even pre-existing data. Target groups can be segmented for comparative analysis on various attributes -- i.e. the Satisfaction Scores of Tier 1 sample customers vs. Tier 2 sample customers. --GAP Analysis -- The GAP analysis tool can help determine the co-relation between importance and the satisfaction for the various issues that are pertinent to a company. Absolute measures of satisfactions scores without insight into the perceived importance of the same are not likely to improve the overall customer affinity. GAP analysis can identify the "gaps" between satisfaction and importance and help prioritize pri·or·i·tize v. pri·or·i·tized, pri·or·i·tiz·ing, pri·or·i·tiz·es Usage Problem v.tr. To arrange or deal with in order of importance. v.intr. future customer focus areas. --TURF Analysis -- Total Unduplicated Reach and Frequency (TURF) is a statistical model that enables researchers to determine the combination of product lines or distribution channels that achieve the highest level of consumer interest or market coverage. QuestionPro's TURF module includes tools for analysis and simulation and gives market researchers one-click access to the "Reach" or "Coverage" of products and services, thus eliminating duplicates. The TURF simulator (1) Software that enables the execution of an application written for a different computer environment. Same as emulator. (2) Software that models the interactions of hypothetical or real-world objects or business processes. tools go a step further by allowing users to simulate every combination of choices (product or service) to figure out what combination gives them the maximum reach. --CONJOINT Analysis -- Conjoint Analysis See also: Conjoint analysis (in marketing), Conjoint analysis (in healthcare), IDDEA, Rule Developing Experimentation Conjoint analysis, also called multi-attribute compositional models or stated preference analysis, is a statistical technique that originated in tools can help market researchers extract numeric numeric see numerical. numeric cluster see ten-key pad. values for the different attributes of a particular product in a manner that is intrinsic to the consumer. Consumers are presented with different profiles and are asked to choose and rate the different profiles. Different models are used to calculate the relative importance of the different attributes that make up a product. This data can further be used to determine market-share of products and how new product introductions may re-align the market-share. Decision Support System: The Decision Support System allows companies conducting customer satisfaction surveys using QuestionPro to proactively monitor consumer loyalty and react to problems and concerns before they start hurting the bottom-line. Using the integrated Rules Engine, different managers of different product/service lines can be notified about satisfaction scores in real-time. "With QuestionPro's Decision Support System we are able to contact our guests and amend negative situations quickly," said Mark Cymerman, vice president of operations for Clever Ideas, Inc., which has leveraged QuestionPro's technology services to enhance and improve customer satisfaction levels across its organization. "Our customers are impressed with our ability to expeditiously ex·pe·di·tious adj. Acting or done with speed and efficiency. See Synonyms at fast1. ex respond and show our concern regarding their feedback. It also serves as an opportunity to stop negative word-of-mouth before it starts." About QuestionPro QuestionPro.com offers market research software for the creation, distribution and analysis of electronic surveys. QuestionPro offers the most advanced survey design and development capabilities possible via the Internet. The integrated analytical tools make data-collection and insight a single-stop solution. Hundreds of market-leading companies have utilized QuestionPro's Web-based survey software for their market research initiatives. More information on QuestionPro is available via the Web at www.questionpro.com. |
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