Periscope By McKinsey and Nielsen have announced a new data sharing partnership. Under the arrnagement, Periscope’s food retailer and FMCG clients will now have seamless access to Nielsen’s syndicated point-of-sale (POS) data, panel data, a variety of in-store execution monitoring services, and pricing and promotional models, globally.
This collaboration is also expected to provide Periscope’s clients with access to Data Management Platform services through Nielsen Marketing Cloud.
With access to these Nielsen data sources and analytic capabilities, Periscope’s clients will be able to make better and faster decisions across their sales and marketing activities, the two companies said.
“This alliance will enable us to combine Nielsen’s breadth of consumer data along with our insights, marketing, category, and pricing solutions to enable our clients to best understand their customers, markets and opportunities for growth,” said Brian Elliott, Managing Partner of Periscope By McKinsey.
“Embedding access to this intelligence into our advanced analytic workflow solutions further enables our clients to rapidly make loyalty-driving and margin-enhancing decisions when it comes to their pricing, merchandising, category management and promotional activities.”
The alliance is part of Nielsen Connected Partner Program, an industry first solution for companies servicing the FMCG and retail industry. The program enables partner companies and clients to collaborate in an open ecosystem, removing the common barriers to connecting applications and data sets at scale.
“The seamless integration between Periscope solutions and Nielsen’s best-in-class analytics and models epitomises the open nature of the Connected Partner program,” said Steve Hasker, Global President and Chief Operating Officer.
“Together through open collaboration and data-driven decision making, we will be able to bridge insights across our Watch and Buy businesses and help clients rapidly and positively impact their bottom line, achieve their business goals and help media and marketing players compete at scale.”