We were curious about what the American consumer thinks about the current economy and its effects on his or her life. As always, Beehive AI’s Qualitative Intelligence platform provided us with quick answers. Within a few hours, our platform collected and automatically analyzed several thousands of real consumers’ free-form expressions (accompanied with qualitative data) about the economy.
With the exception of the 25-34 y/o age group, the majority of people within each age group rank the current economy as “poor.”
More troubling is that across all ages, the majority of Americans think that the economic conditions in the country are getting worse. 📉
When asked for the most significant financial problem that their family faces today, 11% mentioned food! This was more than gas (9%), despite the media attention on gas prices.
So how will consumers’ behavior change due to the economic conditions? 48% of Americans expect they will change the brands/stores they shop from in the near future.
Beehive AI’s Qualitative Intelligence platform can help you stay ahead of the churn and help you retain your customers!
Powerful Results from Beehive AI
Qualitative Intelligence (QI) platform, Beehive AI, provides a winning combination of Artificial Intelligence (AI) coupled with iterative learning.
Beehive AI will provide insights to define your target market and tell you what your customers really want right now. It’s time to optimize your market strategy, boost conversions and increase revenue. Beehive AI is buzzing to help you grow your business and achieve success.
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