WEBVTT 99:59:59.999 --> 99:59:59.999 Like a lot of people around the world, 99:59:59.999 --> 99:59:59.999 earlier this summer my friends and I were obsessed 99:59:59.999 --> 99:59:59.999 with the Women's World Cup held in France. 99:59:59.999 --> 99:59:59.999 Here we are, watching these incredible athletes, 99:59:59.999 --> 99:59:59.999 the goals were amazing, the games were clean and engaging, 99:59:59.999 --> 99:59:59.999 and at the same time, outside the field, 99:59:59.999 --> 99:59:59.999 these women are talking about equal pay, 99:59:59.999 --> 99:59:59.999 and in the case of some countries, any pay at all for their sport. 99:59:59.999 --> 99:59:59.999 So because we were mildly obsessed, we wanted to watch the games live, 99:59:59.999 --> 99:59:59.999 and we decided that one of the Spanish-speaking networks in the US 99:59:59.999 --> 99:59:59.999 was the best place for us to start, 99:59:59.999 --> 99:59:59.999 and it wasn't until a few games into the tournament 99:59:59.999 --> 99:59:59.999 that a friend of mine talks to me and says, 99:59:59.999 --> 99:59:59.999 "Why does it feel like everything I'm seeing 99:59:59.999 --> 99:59:59.999 is commercials for makeup and household cleaning products and diets?" 99:59:59.999 --> 99:59:59.999 It did feel a little bit too obvious, 99:59:59.999 --> 99:59:59.999 and I don't know if we were sensitive about it 99:59:59.999 --> 99:59:59.999 or the fact that we were watching with men and boys in our lives, 99:59:59.999 --> 99:59:59.999 but it did feel a little bit too obvious 99:59:59.999 --> 99:59:59.999 that we're being targeted for being women. 99:59:59.999 --> 99:59:59.999 And to be honest there's nothing necessarily wrong with that. 99:59:59.999 --> 99:59:59.999 Someone sat down and looked at the tournament and said, 99:59:59.999 --> 99:59:59.999 "Well, this thing is likely to be seen by more women, 99:59:59.999 --> 99:59:59.999 these women are Hispanic because they're watching in Spanish, 99:59:59.999 --> 99:59:59.999 and this is women content. 99:59:59.999 --> 99:59:59.999 Therefore, this is a great place for me to place all these commercials 99:59:59.999 --> 99:59:59.999 that are female-centric and maybe not other things." 99:59:59.999 --> 99:59:59.999 If I think about it as a marketer, 99:59:59.999 --> 99:59:59.999 I know that I absolutely should not be annoyed about it, 99:59:59.999 --> 99:59:59.999 because this is what marketers are tasked with doing. 99:59:59.999 --> 99:59:59.999 Marketers are tasked with building brands with very limited budget, 99:59:59.999 --> 99:59:59.999 so there's a little bit of an incentive 99:59:59.999 --> 99:59:59.999 to categorize people in buckets 99:59:59.999 --> 99:59:59.999 so they can reach their target faster. 99:59:59.999 --> 99:59:59.999 So if you think about this, 99:59:59.999 --> 99:59:59.999 it's kind of like a shortcut. 99:59:59.999 --> 99:59:59.999 They're using gender as a shortcut to get to their target consumer. 99:59:59.999 --> 99:59:59.999 The issue is that as logical as that argument seems, 99:59:59.999 --> 99:59:59.999 gender as a shortcut is actually not great. 99:59:59.999 --> 99:59:59.999 In this day and age, if you still blindly use a gender view 99:59:59.999 --> 99:59:59.999 for your marketing activities, 99:59:59.999 --> 99:59:59.999 actually it's just plain bad business. 99:59:59.999 --> 99:59:59.999 I'm not talking even about the backlash on stereotypes in advertising, 99:59:59.999 --> 99:59:59.999 which is a very real thing that has to be addressed. 99:59:59.999 --> 99:59:59.999 I'm saying it's bad business because you're leaving money on the table 99:59:59.999 --> 99:59:59.999 for your brands and your products. 99:59:59.999 --> 99:59:59.999 Because gender is such an easy thing to find in the market 99:59:59.999 --> 99:59:59.999 and to target and to talk about, 99:59:59.999 --> 99:59:59.999 it actually distracts you from the fun things 99:59:59.999 --> 99:59:59.999 that could be driving growth from your brands, 99:59:59.999 --> 99:59:59.999 and, at the same time, 99:59:59.999 --> 99:59:59.999 it continues to create separation around genders 99:59:59.999 --> 99:59:59.999 and perpetuating stereotypes. 99:59:59.999 --> 99:59:59.999 So at the same time this activity is bad for your business 99:59:59.999 --> 99:59:59.999 and bad for society, so double whammy. 99:59:59.999 --> 99:59:59.999 And gender is one of those things like other demographics 99:59:59.999 --> 99:59:59.999 that have historically been good marketing shortcuts. 99:59:59.999 --> 99:59:59.999 At some point, however, 99:59:59.999 --> 99:59:59.999 we forgot that at the core we were targeting needs 99:59:59.999 --> 99:59:59.999 around cooking and cleaning and personal care and driving and sports 99:59:59.999 --> 99:59:59.999 and we just made it all a bucket and we said, "Men and women are different." 99:59:59.999 --> 99:59:59.999 We got used to it and we never challenged it again, 99:59:59.999 --> 99:59:59.999 and it's fascinating to me 99:59:59.999 --> 99:59:59.999 and by fascinating I mean a little bit insane 99:59:59.999 --> 99:59:59.999 that we still talk about this as a segment 99:59:59.999 --> 99:59:59.999 when it's most likely carryover bias. 99:59:59.999 --> 99:59:59.999 In fact, I don't come to this conclusion lightly. 99:59:59.999 --> 99:59:59.999 We have enough data to suggest that gender is not the best place 99:59:59.999 --> 99:59:59.999 to start for you to design and target your brands. 99:59:59.999 --> 99:59:59.999 And I would even go one step further: 99:59:59.999 --> 99:59:59.999 unless you are working in a very gender-specific product category, 99:59:59.999 --> 99:59:59.999 probably anything else 99:59:59.999 --> 99:59:59.999 you're hypothesizing about your consumer right now 99:59:59.999 --> 99:59:59.999 is going to be more useful than gender. 99:59:59.999 --> 99:59:59.999 We did not set up to draw this conclusion specifically. 99:59:59.999 --> 99:59:59.999 We found it. 99:59:59.999 --> 99:59:59.999 As consultants, our job is to go with our clients 99:59:59.999 --> 99:59:59.999 and understand their business 99:59:59.999 --> 99:59:59.999 and try to help them find spaces for their brands to grow, 99:59:59.999 --> 99:59:59.999 and it is our belief that if you want to find disruptive growth in the market, 99:59:59.999 --> 99:59:59.999 you have to go to the consumer 99:59:59.999 --> 99:59:59.999 and take a very agnostic view of the consumer. 99:59:59.999 --> 99:59:59.999 You have to go and look at them from scratch, 99:59:59.999 --> 99:59:59.999 remove yourself from biases and segments that you thought were important, 99:59:59.999 --> 99:59:59.999 just take a look to see where the growth is. 99:59:59.999 --> 99:59:59.999 And we built ourselves an algorithm precisely for that. 99:59:59.999 --> 99:59:59.999 So imagine that we have a person and we know a person 99:59:59.999 --> 99:59:59.999 is making a choice about a product or service, 99:59:59.999 --> 99:59:59.999 and from this person, I can know their gender, of course, 99:59:59.999 --> 99:59:59.999 other demographics, where they live, their income, other things. 99:59:59.999 --> 99:59:59.999 I know the context where this person is making a decision, 99:59:59.999 --> 99:59:59.999 where they are, who they're with, 99:59:59.999 --> 99:59:59.999 the energy, anything, 99:59:59.999 --> 99:59:59.999 and I can also put other things in the mix. 99:59:59.999 --> 99:59:59.999 I can know their attitudes, 99:59:59.999 --> 99:59:59.999 how they feel about the category, 99:59:59.999 --> 99:59:59.999 their behaviors. 99:59:59.999 --> 99:59:59.999 So if you imagine this kind of blob of big data about a person, 99:59:59.999 --> 99:59:59.999 I'm going to oversimplify the science here 99:59:59.999 --> 99:59:59.999 but we basically built an algorithm for statistical tournaments. 99:59:59.999 --> 99:59:59.999 So a statistical tournament is like asking this big thing of data, 99:59:59.999 --> 99:59:59.999 "So, data, from everything you know about consumers at this point, 99:59:59.999 --> 99:59:59.999 what is the most useful thing I need to know 99:59:59.999 --> 99:59:59.999 that tells me more about what consumers need? 99:59:59.999 --> 99:59:59.999 So the tournament is going to have winners and losers. 99:59:59.999 --> 99:59:59.999 The winners are those variables, those dimensions, 99:59:59.999 --> 99:59:59.999 that actually teach you a lot about your consumer, 99:59:59.999 --> 99:59:59.999 that if you know that, you know what they need, 99:59:59.999 --> 99:59:59.999 and there's losing variables that are just not that practical, 99:59:59.999 --> 99:59:59.999 and this matters because in a world of limited resources, 99:59:59.999 --> 99:59:59.999 you don't want to waste it on people that actually have the same needs. 99:59:59.999 --> 99:59:59.999 So why treat them differently? 99:59:59.999 --> 99:59:59.999 So at this point, I know, suspense is not killing you, 99:59:59.999 --> 99:59:59.999 because I told you what the output is, 99:59:59.999 --> 99:59:59.999 but what we found over time 99:59:59.999 --> 99:59:59.999 is, after 200 projects around the world, this is covering 20 countries or more, 99:59:59.999 --> 99:59:59.999 in essence we ran about a hundred thousand of these tournaments, 99:59:59.999 --> 99:59:59.999 and, no surprise, gender was very rarely the most predictive thing 99:59:59.999 --> 99:59:59.999 to understand consumer needs. 99:59:59.999 --> 99:59:59.999 From a hundred thousand tournaments, 99:59:59.999 --> 99:59:59.999 gender only came out as the winning variable 99:59:59.999 --> 99:59:59.999 in about five percent of them. 99:59:59.999 --> 99:59:59.999 This is true around the world, by the way. 99:59:59.999 --> 99:59:59.999 We did this in places where traditional gender roles 99:59:59.999 --> 99:59:59.999 are little more pronounced, 99:59:59.999 --> 99:59:59.999 and the conclusions were exactly the same. 99:59:59.999 --> 99:59:59.999 It was a little bit more important, gender, than five percent, 99:59:59.999 --> 99:59:59.999 but not material.