Is Qualtrics Research Core any good? Yes, for complex surveys and reporting. The market research industry is growing at unprecedented rate, spearheaded by powerful applications like Qualtrics Research Core. The program offers outstanding tools, mostly through its potent iQ artificial intelligence engine whose unique algorithms are able to dive into any set of data and generate useful insights from it.
If you are planning to launch a new business or if your current business is not picking up as you wish it, then most probably the idea of market research and specifically survey software has made its way into your business radar, prompting you to scour the market for one that will help you gain useful insights in your market that you could decisively act on.
As microsurveys become all the rage these days, it confirms the simple fact that fielding business surveys remains one of the most direct and most effective means of gathering critical information about a business market. Surveys—that is, survey software—provide a wealth of data, intelligence and insight that define how business enterprises should act and drive the next activities of their businesses in order to increase revenues and market share in their specific industries.
Emerging market realities, global competition, and the needs of businesses to align products and services to customer expectations are factors that drive the global market research industry to produce $45 billion in revenues each year. The U.S. industry for business intelligence, market research, and opinion polling alone will reach $31 billion by 2020.
While these are all impressive figures and considerations, the following infographics also throws significant pieces of information that you can consider before diving into market research and specific survey software:
And speaking of market research and survey software, we now provide a comprehensive look at the pros and cons of Qualtrics Research Core, one of the biggest names in the industry, to help you decide whether this is a platform that would work for your specific business requirements.
Qualtrics Research Core is one the most trusted enterprise research platforms in the world. More than 8,500 brands and 99 of the top 100 business schools depend on Qualtrics to capture, measure, analyze and act on data.
Powered by a brilliant algorithm and state-of-the-art predictive intelligence engine called iQ, Qualtrics Research Core provides intuitive, beautiful and complex surveys to serve any enterprise needs: from tracking consumer behavior across diverse segments, benchmarking your company against competition, conducting complex academic research, to advertising and product testing. The vendor offers a great free trial plan for those who’d like to try out the key features of the product first.
Qualtrics Research Core’s smart iQ is behind its thrust to manage what it calls the four key experiences of business, namely: Customer Experience, Employee Experience, Brand Experience and Product Experience.
Qualtrics Research Core is loaded with a multitude of features, including:
Product & R&D
Segmentation & Strategy
Marketing & Brand Research
We begin looking at the pros and cons of Qualtrics Research Core by identifying some of its most outstanding features, listed below.
As many of its established clients have come to find out, you can use Qualtrics Research Core in many ways, from measuring customer satisfaction, conducting specific product R&D, measuring segmentation and targeting strategies, to marketing and brand research.
Qualtrics Research Core made sure usability would not get in the way its customers could make the most of its application. No extensive training, education is required for the platform and users can run the software from the get-go, ensuring clients get the value from their purchases from day one.
Qualtrics delivers professional-grade functions that were once only available via expensive outsourced consultants. With powerful solutions for everything from concept testing to user experience research and pricing, Qualtrics provides self-serve access to anyone in an organization, never limiting use to trained experts:
Qualtrics Research Core supports 30 different graph types, allows you to share real-time web reports, or to export to Word, PowerPoint, or PDF to create professional presentation in minutes. All these capabilities enable better decisions with real-time insights:
Through the years, Qualtrics Research Core has enabled more distribution channels than any competition, so there’s virtually no one it can’t reach. These channels can include:
For extremely reasonable price, customers get outstanding value of such rich features that they can then use to provide insights on the following key areas:
Qualtrics Research Core and its powerful Stats iQ removes the mystery out of market research: you can be novice deciphering data in no time, making out trends, producing predictive models without spending any time in Excel or SPSS. The platform will guide you generate the strongest statistical relationships and compile the results in layman’s terms, making it easy to come out with informed actions right away.
Companies often overlook the true value of text responses before them. With Qualtrics Research Code’s Text iQ equipped with superb artificial intelligence and natural language processing capabilities, text responses will never again look as bland as before and absent of any useful value: the handy tool will easily suggest relevant topics and assign sentiment scores to individual text comments.
Qualtrics Research Core takes the guesswork out of marketing campaigns through its Driver iQ, a robust tool that presents real-time data on your customers’ experiences, then correlates the information generated to prioritize the key drivers of your business. The same set of data enables it to predict actions that promises the best possible results out of your campaigns.
Aside from crunching and making sense of all the numbers and statistics that your marketing campaigns have accumulated overtime, Qualtrics Research Core will also store this useful information in its iQ Directory that serves as a repository of useful information that you may need in the future. The directory keeps live, organized chronicle of your audience’s emotions, sentiments, beliefs and preferences, handy for succeeding marketing campaigns and future business planning, customer management—even academic studies.
As outstanding as Qualtrics Research Core is, some users have noted using extra precaution in using embedded data (ED): never place an extra space at the end of your ED, otherwise you will notice glitches in your logic or data. Evidently Qualtrics could easily address that, for example by simply enabling that option through a dropdown menu, to eliminate the usual error of inputting manually.
Notice that our list of the pros and cons of Qualtrics Research Core hardly mentions anything of substance against it. Aside from the minor ED issue, Qualtrics Research Core remains the market research tool to beat in the industry, with powerful features and capabilities for any unique business need.
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