Marketing and Data Science: Together the Future Is Ours

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Suggested Citation

Chintagunta, P., Hanssens, D., & Hauser, J. (2016). Marketing and Data Science: Together the Future is Ours. NIM Marketing Intelligence Review, 8(2), 18-23

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Year

2016

Authors

Pradeep Chintagunta,
Dominique Hanssens,
John R. Hauser

Publication title

Marketing and Data Science: Together the Future Is Ours

Publication

NIM Marketing Intelligence Review

Pradeep Chintagunta, Dominique M. Hanssens, and John R. Hauser

The synergistic use of computer science and marketing science techniques offers the best avenue for knowledge development and improved applications. A broad area of complementarity between the typical focus in statistics and computer science and that in marketing offers great potential. The former fields tend to focus on pattern recognition, control and prediction. Many marketing analyses embrace these directions, but also contribute by modeling structure and exploring causal relationships. Marketing has successfully combined foci from management science with foci from psychology and economics. These fields complement each other because they enable a broad spectrum of scientific approaches. Combined, they provide both understanding and practical solutions to important and relevant managerial marketing problems, and marketing science is already very successful at obtaining unique insights from big data.

Authors

Pradeep Chintagunta, Joseph T. and Bernice S. Lewis Distinguished Service Professor of Marketing, Booth School of Business, University of Chicago, Chicago, USA, pradeep.chintagunta@chicagobooth.edu
Dominique Hanssens, University of California, Los Angeles, CA, USA, dominique.hanssens@anderson.ucla.edu
John R. Hauser, Kirin Professor of Marketing, MIT Sloan School of Management, Massachusetts Institute of Technology, Cambridge, MA, USA, hauser@mit.edu

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