The latest news, views and insights in food trends
The Tastewise solutions are able to do what they do because of all the amazing technology under the hood. Join us for a blog series exploring the technology behind our real-time insights, and what it can do for your business.
Content & Research, Tastewise
Thanks for joining us for our next look under the hood at Tastewise’s tech abilities. For a refresher: over the course of a few weeks, I’ll be guiding you through a sneak-peak at what makes Tastewise’s cutting-edge technology tick. Last post we covered Natural Language Processing. Today, we’re jumping into another way our technology sorts, processes, defines, and extrapolates (oh my!): Audience Segmentation.
Audience segmentation: Sounds a bit dry, you say? You’re on to something -- oftentimes, the language we use as an industry to talk about the groups of people that interact with our product can feel a bit clinical. Segments of audiences. Consumers. Targets. Stakeholders. While each of these terms are significant, and certainly have their place, it’s a good reminder that when we speak about consumers, we aren’t just talking about faceless beings that mindlessly consume -- we’re talking about people who bring their full selves to every moment that they interact with what we put out into the world. Everyone has their own identity that influences how they make decisions, and this certainly includes food and beverage. Food is a basic commodity that all people need, and serves as the underpinning for how we provide for our families, treat our bodies, and expend our energy.
Before I veer too heavy-handedly into the poetics of food, an explanation: what people bring with them to every decision they make, the “why” behind their purchasing, eating, and cooking, is the basic cornerstone for food and beverage brands. Having a clear understanding of the problem a person is trying to solve, and anticipating it with your offering before they even do, is the name of the game for F&B product innovators, marketing whizzes, and sales reps. These groups may once have relied on industry tools like focus groups and surveys to get inside the heads of target groups, but those methods are increasingly subpar in this digital, dynamic age. So how can we realistically understand what people want and need on a large scale?
At Tastewise, we’ve spent almost 3 years training our algorithms to understand the digital world of food and beverage. Through the trials of guiding our technology through the processing of billions and billions of data points, our tech development team honed in on the importance of audiences, handy tools for both technological processing - and providing significant value to food and beverage industry customers. An “audience” is what we call a group of individuals, connected by verifiable attributes, whose online presence is captured by our dataset. Each audience shares certain qualities that differentiate them from all other consumer subsets.
We’ve trained our AI to understand a diversity of audiences - everything from gender to age to professions to affinities. Our AI analyzes everything related to food and beverage appearing on social media, from #hashtags, to location, to posting patterns, to provide a lens into consumer behavior.
Our audience classifier allows food & beverage brands to understand on a deeper level what their audiences are actually eating, drinking, cooking, and ordering. Say, for example, that I am developing a grab’n’go lunch menu, and I’m curious what students in Arizona like to order. Tastewise’s classifiers allow me to filter food & beverage insights down to my specific audience in a specific zipcode, consolidating millions of data points into clear, actionable insights for my menu based on my target demographic. I am able to view what motivates students in their eating and drinking habits, how trends are behaving for that audience in both foodservice and home cooking, and what overall diets, ingredient pairings, functional wellness trends and more might influence my demographic. With this information in hand, I am also able to create incisive marketing campaigns to target Arizonian students using language that I know will resonate with them.