Yahoo Unveils PurpleLab: Revolutionising Market Research with Rapid, Reliable Insights Powered by Qualtrics®
by on 14th Feb 2024 in News
Yahoo has launched PurpleLab in Australia and Southeast Asia, an innovative solution designed to address the challenges of speed and quality in the market research industry. This new platform is set to dramatically transform how brands acquire and apply consumer insights at speed.
PurpleLab brings together Yahoo’s extensive data capabilities, cutting-edge technology and deep consumer relationships, and is able to rapidly turn around robust panel data. The solution is powered by Qualtrics®, providing Yahoo with fast, easy-access to nationally representative consumer insights across the region, and access to industry expertise ensuring market research programs are tailored to deliver optimum value and outcomes. PurpleLab builds upon Yahoo’s use of Qualtrics tools to conduct its own internal market research.
Dan Richardson, Head of Data & Insights for Yahoo AUSEA, shares the vision: “For too long, brands faced the dilemma of compromising either speed or quality in market research insights. PurpleLab addresses this challenge by delivering high-quality, accurate results from real humans with a rapid turnaround time.
“By partnering with Qualtrics we have created peace of mind for our clients that these insights are from real humans, not AI-powered bots, and by leveraging our own robust data stack we can control the process to ensure it is fast and efficient. This platform is a testament to Yahoo's commitment to being a trusted partner, empowering brands to execute sophisticated and effective marketing campaigns across the media funnel.”
Ali Henriques, Global Director of Research Services, Qualtrics explains: “Market research is one of the most important strategic growth drivers in every organisation. With in-depth, trusted human insights, such as those from Qualtrics and Yahoo, brands can understand evolving consumer expectations and uncover unmet market needs to confidently and precisely make decisions that drive customer loyalty and satisfaction, market share, and ultimately revenue growth.”
Following a successful soft launch, PurpleLab has already generated valuable insights for brands and clients, such as a recent study on Gen Z vaping habits in Australia. These insights can be adapted to enhance the effectiveness of media and creative strategies in behaviour change campaigns targeting Gen Z vapers.
Dan Richardson adds: “We’re excited by the results we’re already seeing from PurpleLab. It’s not just a tool; it's a strategic ally in empowering brands with data-driven decision-making capabilities.”
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