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A Quick DataCracker Predictive Tree Tutorial

Welcome back to our tutorial video series. In this video, we’ll show you how to use one of DataCracker’s advanced data analysis tools – Predictive Modelling (or Predictive Tree).

A predictive tree, or decision tree, is a visual model that shows how some input data predicts the value of target data. For example, a predictive tree could show that age and gender can predict the value of attitude data.

A series of charts will be displayed in a tree format, showing how the chart values (the target data) change according to the input data.

Check out our blog post Implementing the 80:20 Rule with Predictive Modeling for more information on how you can use Predictive Modelling for your business.

Having more questions on how to dig deeper into your survey results? Visit our DataCracker Knowledge Base or leave your questions in the comments below.

 

You’re not still using cluster analysis are you? Do you wear a seatbelt when you drive?

Some short cuts are good. A faster way to drive to work. A delicious meal in five minutes.

You’re not still using cluster analysis are you? Do you wear a seatbelt when you drive?Some short cuts are bad. Driving without a seat belt. Failing to proof read. Cluster analysis. Yep. You read it right. Cluster analysis. [Read more…]

Clouds with Silver Lining: Freemium Text Analytics

Tom CruiseWorking out how to analyse text data is one of the most difficult problems in data analysis.  To get your head around how difficult it is, look at the table below.  This shows the answers of 20 people to the question “What do you dislike about Tom Cruise?” [Read more…]

Analysing Survey Data: Conducting Market Research Surveys on a Shoestring Budget

Cutting cost - Image courtesy of David Castillo Dominici - FreeDigitalPhotos.netMaybe you’ve been contemplating doing some market research for your business. You could be looking at analysing survey data to create customer profiles. Tweak your product offering. Or improve your marketing message. Jumping into market research can often appear daunting though. Both costly and time consuming.

This can be true. Especially if you engage the services of a professional market research firm. Luckily for you the internet has opened up a new set of cost effective alternatives for survey research.

Read on below for a step by step guide to carrying out your survey research on a shoestring budget. [Read more…]

They Say “Know Your Target Market”, but Which Target Market? (Market Segmentation)

Market segmentation with DataCracker

“Know your target market” is one of the mantras of modern business.  It is shorthand for saying that its a good idea to design your product and communications so that they can be found by, and appeal to, the customers that you think are the best prospects.

If you are an established product working out your target market can be as simple as profiling your customers and can be done using predictive modeling.  However, if you have a new product, or, are struggling and suspect you are targeting the wrong target market, you need to segment your market prior to deciding who to target.

Market segmentation is the term that marketers use for breaking a market up into parts and developing different strategies for the different segments.  Almost all businesses segment their markets.  Nevertheless, there are two quite different logics of segmentation and it is important to have a clear view of which you are trying to employ. [Read more…]

Diagnosing Customer Experience Problems with Market Research (and Doing It Economically)

Diagnosing customer experience problems with market researchYou have a suspicion that something is wrong.  Sales are going in the wrong direction. You are hearing the odd complaint.  The vibe is generally bad.  But how do you work out what the real problem is?  And indeed, how do you work out if you really do have a problem? [Read more…]

Introducing DataCracker

Data analysis software that everyone can use.

DataCracker is a new web-based survey analysis tool that makes it easy for anyone to find and share insights from their surveys.

DataCracker was built on the idea of democratizing data analysis. We set out to build data analysis software that everyone can use.

There are many excellent online tools for collecting survey data such as Survey Monkey and Survey Gizmo but they lack the powerful statistical testing, segmentation and predictive modelling tools found in DataCracker.

At the other end of the spectrum there are statistical programs like SPSS and Wincross. These programs are very powerful but they are overly difficult to use. Most time-conscious professionals and entrepreneurs do not specialise in one field like market research. It is not feasible to pay for and learn to use software like this for a one-time research project. DataCracker is the easy solution to finding insights from your survey data.

You can sign up or learn more about DataCracker here.