Review of "Small Data: The Tiny Clues That Uncover Huge Trends," by Martin Lindstrom
Review of
Small Data: The Tiny Clues That Uncover
Huge Trends, by Martin Lindstrom, ISBN 9781250080684
Five out of five stars
Reasons to buck the trend and go small
The
conventional wisdom is that the key to success in business is to construct and
mine large data sets. Generally speaking, the bigger the better. This book is
constructed on a theme that is the exact opposite. The author presents several
examples of where he used a small number of observations properly interpreted
to discover and analyze major trends in consumer behavior.
All are
interesting and very well presented. One of the best and most significant for
the modern world is about the LEGO building blocks. The company was
experiencing falling sales and the solution was not to dumb the kits down but
to make them even more complicated. Purchasers appreciated the challenge of
creating monster constructions using the blocks. In an environment where the
overall trend appears to be the making of things easier, this trend was
refreshing.
Another significant
point that is obvious when stated is based on the Roomba vacuuming robot. It
turned out that people that owned them treated them as if they were a pet.
Earlier versions would utter phrases like “Uh oh” when they bumped into
something. When that feature was removed, some of the charm, grace and demand
was lost. The use of a Roomba as a device for men to pick up women is also
mentioned.
This book should
be read by all people that take marketing and the analysis of consumer behavior
seriously. In a world where massive data sets receive nearly all the marketing
love, this book will convince you that you need to pay attention to small numbers
of consumers. For some brands, it can be the difference between rising and
falling sales.
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