CAMO is a strategic partner in Takasago’s
research efforts. CAMO provides the innovative tools better needed to understand
our
consumer product dynamics and the changing fragrance
preferences of various consumer segments”
VP Consumer Insight & Market Research, Takasago
International
As markets get more competitive
and cost efficiencies drive product development projects
and selections, senior managers seek winners –
whether new product introductions or brand extensions.
The cost for product development through market execution
is costly and the failure rate is well known –
less than 5% of all new products actually succeed
in the marketplace!
The words on many of our clientele’s lips are
“Profit Improvement”. This is the goal
of our software – CAMO helps lead our clients
to achieve this goal.
The CAMO Product Optimizer
was designed and developed by experts in the consumer
products, sensory, and market research field. The
CAMO Product Optimizer is proven to reduce product
development management cycle times by up to 3X; subsequently
reducing costs and providing a product that is well
targeted to the market under consideration.
The CAMO Product Optimizer provides
an automated bridge between the market research product
and product development – unlike any other software
available.
How Does It Work
This multi-faceted application is a suite powered
by CAMO’s adaptive analytics containing sub-modules
with specific expertise. Data is easily fed into the
applications via Excel or standard spreadsheet
Each sub-module can be sold individually
to an organization and incorporated into existing
applications.
The CAMO Product Optimizer:
Analysts are constantly striving
to repeat experiments and reach an ideal “recipe”
literally for product success. The CAMO Product Optimizer
will take your parameters and help create an ideal
formulation to achieve a user-determined goal.
Analysts are constantly striving
to repeat experiments and reach an ideal “recipe”
literally for product success. The CAMO Product Optimizer
will take your parameters and help create an ideal
formulation to achieve a user-determined goal.
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Utilizes
statistical models relating both consumer-attribute,
intensity-rating data and attribute-liking data
to product-formulation data. |
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Identify
attributes that are significant drivers of overall
liking, and relate these attributes to different
levels of the formulation data. |
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Cross
industry applications: set any goals, ranges,
and enter values to optimize for specific industry
application. |
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Sequential
Recycling Optimizer: Going
a step further, the Sequential Recycling Optimizer
automates incremental model development and
comparison. Typically product development groups
have to continually build models as they attempt
to replicate competitive information or achieve
an ideal model state. A statistician and/or
operations researcher is usually involved in
this process.
The Sequential Recycling Optimizer eliminates
the need for the statistical expertise and additional
steps. The SRO looks at the existing research
data and user-defined parameters recommending
the next prototype to build in a more targeted
and well-defined manner. Eliminates the guesswork
involved in finding that “ideal”
model state
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Segmentation Optimizer The segmentation
suite is a truly remarkable module that creates
clearly defined segmentation plots. With a point-and-click
interface, a user can drill-down to learn more
about data-points or clusters. As new data comes
in, each data point is automatically classified.
The result is a real-time ever-adapting view
of the market. Shifts in the market can immediately
be detected.
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Definitions |
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Differentiation |
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Profiling |
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Tracking
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Frequencies
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Interactive
Cross tabs |
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Prediction Suite
The prediction suite is part of demand and forecasting and a standard
part of product development requirements. Given
the proper market research and data collection,
it is possible to use the Prediction Suite’s
capabilities to determine product demand. Or
it can be used post-launch as a product sales
forecasting tool.
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Model Driver Displays |
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What-If Tools |
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Panelist Monitoring and Tracking
The Panelist Monitoring
and Tracking (PMT) Module is highly valued where
sensory panels are used to describe the characteristics
of the wines. It is critical to ensure that
the data the panel provides is accurate and
reproducible. Quality of the data must always
be addressed.
Three vital pieces of
information are necessary to understand the
performance of your panel and individual panelists:
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The degree to which panelists are in agreement
with each other. |
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The ability
of each panelist to reproduce their results
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The sensitivity
of each panelist for detecting sample
differences. |
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The PMT Module ensures
consistent performance and quality within a
selected group vital to producing standardized
and targeted products.
Features
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Customized Interface to Upload Data |
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Automated Analyses of Agreement, Reproducibility, and Sensitivity
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Customized Tables |
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Color-coded
outliers |
Integrated point-and-click graphics |
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Market Research Studies
CAMO Smart Survey – a web enabled adaptive survey for data collection. The Smart Survey adapts to consumer responses
and collects relevant data based on responses to questions. Because of its use of adaptive analytics, the survey only needs to be done once. CAMO has partnered with FIRM – makers of Confirmit – for a front-end.
Feature
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Conjoint Analyses |
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Interaction Analyses |
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Real-time model building |
Instantaneous validation and model improvement
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The
CAMO Product Optimizer is already installed
in a number of leading Consumer Goods companies
and is competitively priced. This is a software
no leading edge, profit conscious organization
should be without!
For more information and/or to schedule a demo,
contact: software@camo.com
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