IIC Journal of Innovation 4th Edition | Page 33

Neuromarketing – The Art and Science of Marketing and Neurosciences Enabled by IoT Technologies weekends, when not shopping alone. These insights provide new, unrecognized, opportunities to elevate the customer experience, increase loyalty and ultimately up-sell. product placement. In focus group studies, consumers were asked to rate different types of product packages and placement using facial coding, eye tracking, virtual reality and sentiment analysis technologies to determine packaging redesign and presentation. Frito-Lay discovered that matte bags with pictures of potatoes did not trigger a negative response associated with guilt and snacking, whereas shiny bags with pictures of chips on them did. Within months, new bags were on store shelves replacing the previous shiny ones. 5 A large number of companies already use neuromarketing techniques to measure consumer response to adverting and marketing campaigns, on new or products in design, including The Weather Channel, Microsoft, Campbell Soup Company, Proctor & Gamble, Frito-Lay, Mercedes and Hyundai. Specific areas where neuromarketing techniques have been applied include the following:  The Weather Channel used EEG, skin response and eye-tracking analysis results in an integrated manner to measure different promotional advertisements for a television show on their network. Their aim was to determine which of their test advertisements were most effective and why, to produce a final version of the advertisement. Attention, emotional engagement and memory retention were biometrically measured and scored for each advertisement. The end recommendation was highly regarded as the research provided clear, intuitive, quantitative and objective metrics to pinpoint ad effectiveness. 4  Brands such as Campbell’s and Frito-Lay have been using integrated neuromarketing IoT technologies to re- imagine their packaging and shelf  Auto manufacturers Mercedes and Hyundai both used integrated EEG and sentiment analysis in evaluating manufacturing design and prototypes in their vehicles. Mercedes recorded reactions to the position/style of car headlights that resembled human faces which was then tied to the reward center of the brain. In a similar study, Hyundai developed several design prototypes and measured reactions to different design features that would result in customer satisfaction and increased likelihood to purchase a car. Brainwaves were recorded as participants looked at different car exteriors such as lights, mirrors, grill, styling, and resulted in 4 Goodbye 'Growth Hacking.' Hello Neuromarketing., Entrepreneur, 06/09/2016 5 Frito-Lay Tries to Enter the Minds (and Lunch Bags) of Women, New York Times, 02/24/2009 32 June 2016