Oct 15, 2016. HispanicAd.com.- An industry-wide initiative, led by the trade group AHAA: The Voice of Hispanic Marketing, is working with leading measurement data providers including Nielsen, IRI, Comscore and others to assess and recalibrate their Hispanic sampling representation and measurement methodologies. By improving these key metrics, marketers will be able to more accurately measure Hispanic audiences across screens, estimate their purchases and evaluate Hispanic ROI regardless of language or media.
The creation of AHAA’s Measurements Task Force is in response to the rapid shifts in the Hispanic market and changes in sampling, data collection and estimation approaches for all consumer segments. These shifts require a review and recalibration of all screens, television sets, computers, mobile and in-store/online sales measurement and estimation processes. In advocating for the Task Force, AHAA has stressed that its prior studies have shown that inaccurate measures have diluted Hispanic ROI resulting in vast underinvestment in the booming Hispanic market causing missed opportunities in the billions for marketers.
AHAA’s leadership on these issues began in 2014 with a study of measurement inputs for Marketing Mix ROI Analysis that identified audience and sales data areas of improvement for Nielsen and IRI. The 2014 study assessed and recommended best practices that would improve marketing mix models’ ability to accurately evaluate the ROI of Hispanic efforts in any language or type of Total Market approach.
“Media consumption alternatives have exploded at the same time that the Hispanic segment has become the largest source of growth for brands in the U.S. For years, only best-in-class companies with advanced knowledge had the capabilities to adjust TV/digital ratings & sales data currencies.,” said Carlos Santiago, AHAA’s research chair who is spearheading the Task Force. “AHAA has sought to update and normalize the availability and use of precise data so all marketers can design as effective efforts as possible. We believe that by evolving data collection sampling and models we will have a huge impact for everyone racing to deliver effective growth.”
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