CEO Summit 2019 – Mike Misel – Cint

 
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This is the first interview of the Insight Association's CEO Summit 2019. Recorded live in Miami, Jamin Brazil interviews Mike Misel, SVP of Cint. We hope you enjoy this mini series taking you into the minds of some of the most influential CEOs in Market Research. FIND MIKE ONLINE: LinkedIn https://www.cint.com/ FIND US ONLINE: www.happymr.com Social Media: @happymrxp LinkedIn [00:04] I’m here at the CEO Summit with Mike from Cint. Mike, welcome to the Happy Market Research Podcast. [00:12] Thank you very much. It’s a pleasure to be here. [00:14] This is the CEO Summit. Have you been here before? [00:17] This is my first time. Amazing. The talent in the room. I’m very lucky to be here, in fact. [00:23] Maybe you could tell us a little bit about your journey and to Cint. [0:30] Yeah, wow, very interesting. So I originally was a calculus teacher, [00:35] For high school, junior high, college? [00:39] I was at a prep school where I taught 18-year olds, and then taught a little bit of junior college, and had one class at a Cal State University. [00:47] I can’t believe I just said junior high by the way. Anyway, go ahead. Sorry. [00:51] There’s probably some kids out there. [00:52] Maybe, yeah. Two. [00:53] Ironically, given the news today (I’ll let you talk about that later), I was brought to the industry in 2011 by a friend who I played golf with. He started explaining to me the nuances of the market research industry. It blew me away that people actually got paid to take surveys. It was the first time that I... you know. So that tells you the knowledge level that I had coming into this industry, but it’s been an amazing journey. So, over the past eight years, I kind of went from... it was nice actually coming in with no experience, had fresh eyes, came in on the ground floor, and just sort of started working my way up through the industry. And I don’t need to say this to you. So much has changed just in the eight years I’ve here. It’s amazing being in the room with these people who’ve been in this industry 20, 30, however many years they’ve been in, and seen the things they’ve seen. Just my exposure in the last eight years has been really incredible. [01:55] Cint has gone through some transitions. [01:57] Yes. [01:58] Talk to us a little bit about what you’re seeing as one of the big trends in market research. [02:05] I think that everybody has seen that technology can play a major role with regards to the sampling process itself. The model that existed in the beginning of putting a lot of effort, money, whatever it is into building a panel and that cost for acquisition that people were putting in, trying to then recoup and get an ROI on that was fine for a while. Price compression and just the way we’ve been able to deliver a sample has really put a lot strain, I think, on a lot of the traditional panel owners. And us as a company, starting 20 years ago, I think at a really advantage I guess, if you will, in terms of how we operate, where this exchange model was pretty future-proof. [03:02] It should be mentioned that actually started in 1998 and was the leader in the sample (I don’t know if this is the right term) sample marketplace, right? [03:12] Yeah, I would say credit to Bo Mattsson, our founder, who had this vision of an exchange model. It’s funny I mentioned that I started at Cint in 2011. We had a real tough time explaining that model to the industry here in the United States. [03:33] And what’s funny about it is, if you think about just work flow. When I started Decipher, this was the premise: is that as a researcher I spend a lot of my time doing certain functions. In those days, it was like things like term and tally sheets. I’m not going to get into what that is, but it was a real pain in the ass. [03:51] Sure. [03:54] As we’ve evolved through technology, the surveying is actually not the hard...

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