Case Studies (New)

Nielsen Meets Alcon’s Need for Speed With Marketing Mix Modeling

Issue link: https://resources.marketingeffectiveness.nielsen.com/i/1153400

Contents of this Issue

Navigation

Page 0 of 1

1 Copyright © 2019 The Nielsen Company (US), LLC. All Rights Reserved. CASE STUDY Nielsen Meets Alcon's Need for Speed With Marketing Mix Modeling CUSTOMER TESTIMONIAL NIELSEN MARKETING MIX MODELING SITUATION Alcon is the largest eye care device company in the world with complementary businesses in Surgical and Vision Care. In 2018, the company introduced Systane Complete, a new formula of over-the-counter (OTC) eye drops designed to provide soothing relief for every major type of dry eye. The product joined the Systane family of dry eye drops as the brand's most advanced solution to date. CHALLENGE To jump-start product sales and awareness of Systane Complete, Alcon launched a 360-degree marketing campaign in April 2018 designed to reach the 30 million people living with dry eye in the US. Since the OTC dry eye drop segment has relatively low household penetration, the company needed to maximize the efficiency of its budget by strategically targeting its core consumers. Measurement would be critical to its success. But the window for analysis was short if Alcon's marketing team wanted to leverage those learnings to inform their 2019 plan and budget. Alcon turned to its long-time measurement provider Nielsen to get the performance insights it needed, fast. GOALS Optimize direct-to-consumer marketing budget and channel investments to drive short-term product sales and long-term brand equity growth for Systane Complete. SOLUTION Nielsen's Marketing Mix Modeling (MMM) solution delivered the timely, actionable insights Alcon needed to assess the impact of its 2018 360-degree marketing campaign and determine the optimal level of investment for 2019. In order to deliver the results in time for the planning deadline, Nielsen worked with Alcon's Systane brand team to prioritize the business questions and factors that were most critical to understand, including competitive actions, retail distribution, price changes, promotions, TV, online video, print, online display, social media and coupons. Nielsen was able to leverage proprietary media and sales data, as well as its unmatched access to data through partnerships, to speed up the data collection process. Once collected, the data inputs were integrated into a robust regression model to tease out the incremental impact "The stakes are always high when launching a new product. We knew we had a solid measurement methodology in place with Nielsen, and their ability to quickly mine and draw performance insights from a tremendous amount of data gave us confidence that the right planning and investment decisions were being made. We're absolutely thrilled to be able to show that the dollars allocated to Systane are yielding a return that's growing the Alcon business overall." —Jeff Huffman, Director of Marketing, Dry Eye & Ocular Health, Alcon KEY BUSINESS QUESTIONS ANSWERED ● Which digital vehicles are the most efficient spends? ● How effective is the marketing support focusing on Systane Complete? ● How can the advertising plan be improved? ● What are the ROIs from each major marketing element? ● Which tactics should be leveraged to drive Systane growth? ● What can we learn to inform our 2019 media plans?

Articles in this issue

view archives of Case Studies (New) - Nielsen Meets Alcon’s Need for Speed With Marketing Mix Modeling