Data Wrangling in market research: A comprehensive guide
With the growing availability of data and the increasing use of technology, it’s easier than ever to collect, analyse, and communicate data. However, this can also be an enormous challenge for market research professionals. Data wrangling is uniting disparate datasets into a single information system. Think of it as connecting all the different dots that make up your study.
Market research is more than just asking people questions and bringing back feedback. It’s about pulling insights from a comprehensive set of data and then turning them into actionable results. But how?
Data wrangling is the approach of transforming raw data into a more helpful format. Once you have all your data ready, it can be challenging to know where to begin. Luckily, there are numerous ways to transform raw data into something valuable and actionable. But remember data is just one part of Competitive Intelligence. Without the rest then the insight it provides is questionable.
This comprehensive article will teach you everything you need to know about data wrangling in market research — including different methods, tools, and resources. Read on to learn more.
What is Data Wrangling?
Data wrangling transforms raw data into a more helpful format. Several methods are used during data wrangling. The process helps to transform raw data into a structured layout that is easier to process and analyse. Data wrangling is often called data munging. Data wrangling is a process that is used to transform raw data from various sources into structured forms.
In this process, raw data (often in CSV) is converted into a meaningful format for analysis. It encompasses transforming raw data into meaningful and valuable information that can be readily understood by business analysts, stakeholders, and marketing departments.
Primary benefit of data wrangling
The primary benefit of data wrangling is that it provides a standardised and consistent format that can be used as input to any analysis tool or system. In addition, it can provide additional insight into the data, such as trend lines, conditional formatting, and calculating metrics like ROI or CPA.
Various tools can be used for data wrangling. When performing data wrangling, you need to follow specific steps to make sure that the final result is useful for your research. When collecting data, it is essential to validate and clean the data so that there are no errors present in the data.
What Are the Key Steps Involved In Data Wrangling?
Data wrangling involves the following tasks:
- Cleaning and preprocessing: Cleaning and preprocessing involve taking raw data and converting it into a usable format. It is also called deseasoning, un-trending, and scrubbing data.
- Transformations: Transformations involve basic manipulations such as joining, combining, extending, squishing, and summarising data. These operations can either be manual or automated.
- Visualisation: Visualisation is the final stage of data wrangling in which information is displayed in a way so that it is easy to interpret and understand. It can generally be classified into two types—report building and storytelling—based on how we would like to present our findings to a client/audience.
What Are The Types of Data Wrangling in Market Research?
There are various types of data wrangling in market research. We will discuss each type of data wrangling in detail below.
Data visualisation is a technique for displaying data. It is also known as charting, graphically representing data in order to help people gain insight from it. When done well, data visualisation can bring data to life and powerfully convey information.
Data visualisation is often used to visually explain complex concepts and to obtain quantitative information. Graphs, charts, and diagrams are the most common visualisations. For that, utilising a market research tool such as Helpfull is beneficial, which offers you real-time downloadable data with granular data visualisation.
Data analysis is a process of finding insights in data. It involves transforming data into a more meaningful format to analyse it for insights. Data analysis consists in exploring data, finding patterns, and making insights. And data analysis can be done manually or using the software.
This scraping, also known as data pulling or data extraction, is the process of generating a copy of data from a website or API. It helps you get data from one source, like an API, and bring it into your system.
Transformation is the process of changing the type of data or format. For example, you may have data that is in a spreadsheet format, but you want to change it so that it is in a CSV format.
This is taking out any erroneous or unnecessary data. For example, you may have a survey where responses are missing, or the data from a tool may be faulty. In these cases cleaning the data is necessary.
How to Organise Research Data For Data Wrangling?
As we discussed above, data wrangling transforms raw data into a more useful format. It is essential to ensure that your research data is structured and organised while performing data wrangling. You need to ascertain that you are following specific rules while managing your research data. It is important to note that data wrangling is not only limited to using a particular tool.
You can use different techniques to make your data organised and structured. When you are performing data wrangling, you need to make sure that you are following specific rules. You can use different techniques to make your data organised and structured. However, here are a few basic rules for organising your research data.
Rule1: Keep data in a database
Most tools allow you to store your data in a database. This makes it easier to find data later, share it with other team members, and makes it easier to keep track of the data as it flows in and out of the project.
It is useful to keep related data together, like survey responses, raw data, and comments, in one folder or database. It will make it easier to find data later and make sense of it altogether. Know the types of information kept in your research data and how it is categorised. It helps you to organise your research data better.
Rule 2: Create subfolders
It is also useful to create subfolders to keep related data in them. For example, a folder named “Survey Responses” could contain subfolders named “Question 1” and “Question 2.” It will help you group related data together and make it easier to find related data later.
Rule 3: Use labels for your data
Label your data to make sense when you look at it later. For example, instead of writing the question number for a survey, you could label the column with “Question 1” and write the question number underneath. This will make it easier when you are looking at your data later.
Rule 4: Short Your Data
It is important to sort your data before you start working with it. This will help you find data more efficiently. Use a file template to organise your research data. A file template is a pre-designed structure that you can use when you are creating individual files for your research data. The file structure should be such that it follows a logical order and allows for easy retrieval.
What Are The Key Benefits of Data Wrangling?
Several key benefits of data wrangling in marketing research can help marketers improve insights and make better decisions.
|By consolidating data from many sources into a single repository, marketers can remove noise and focus on crucial details.
It allows them to create more accurate and fine-tuned analyses.
|Gain Improved Insights
|By using data wrangling, marketers are able to gain a better understanding of their target audience by finding patterns and making connections between various pieces of data.
This allows them to develop more compelling marketing campaigns that are targeted toward specific groups of people.
|Data wrangling can be used to generate predictions about how a particular piece of data might change over time.
This allows marketers to predict how a particular marketing campaign will affect the performance of their campaigns.
|Make Better Decisions
|Data wrangling can help marketers make better decisions about their target audience by providing actionable insights that they can use to improve their marketing campaigns.
Data Wrangling in market research: A comprehensive guide
So wrapping up Market research is a treasured part of any business owner’s operations and is key to developing new products and services. An effective marketing plan is key to building a successful business. Data analysis and wrangling aspects are crucial to successful marketing plans.
Data analysis is vital for market research professionals because it helps them to find the best target market for a product or service. Market research professionals need to have the correct data analysis skills as it allows them to find the right markets for the products and services. To develop effective marketing plans, hiring a growth marketing agency is a good choice. With data-driven insight, these market research professionals ensure profitable and sustainable growth. With the precise data on the side, they set a framework to scale revenue fast.
Treat it with respect
Since the data you will be wrangling is collected from the market, it’s best to treat it with respect and follow a few golden rules to get the best results. The first golden rule is: Don’t Whine! If the data you’re working with is full of errors and anomalies, don’t go looking for excuses for your bad results. Instead, take ownership of your findings and iterate until you are satisfied with your product.
While it’s not necessary to go into every possible detail in your product, it’s essential to stay as concise as possible while remaining accurate. This will help to make your findings less prone to manipulation by others in the team or by faulty interpretations or interpretations of inaccurate data.
Also, to safeguard the organisation’s data, adopting an endpoint management application with an intelligent, decentralised platform is a wise choice. These applications help in maximising the security and compliance of your endpoints across any network and prevent cyber threats such as data theft or ransomware phishing attacks.
AUTHOR BIO: Growth Manager
Padmaja Santhanam is the Growth Manager at FirstPrinciples. She manages all inbound business development & outbound prospecting pipeline building strategies. Padmaja’s expertise lies in positioning and managing SaaS companies’ growth.
As a growth marketer, her role encompasses right from client onboarding to assuring the expected linear growth. She leads the marketing team to make strategic adjustments accordingly. Padmaja is actively working with the marketing & sales team to achieve the defined targets. Besides, she leads the other managers of Sales Development.
Padmaja has decades-long experience in Business Analysis, Project Coordination, and Project Management. She has worked with organisations of every size. For the last 48 months, she has forayed into Marketing and Growth and managed projects.