SlideShare ist ein Scribd-Unternehmen logo
1 von 21
Downloaden Sie, um offline zu lesen
HOW DO
CONSUMERS USE
TECHNOLOGY?
Introduction
2
The number of consumers accessing the internet via digital devices has
multiplied excessively since the creation of the World Wide Web and the
reduction in cost of digital devices. Technology is now integrated into our
daily lives through the promotion of social media, e-commerce and 24/7
access.
With this rise of the internet there has been a huge shift in power from
companies to the consumers, as consumers can now utilise the internet to
browse a vast array of choices, exchange reviews with friends about
products and services and buy commodities online.
For companies to stay competitive in this growing digital world, they must
understand the different digital channels consumers use, when they use
them and how they use them. Any company that does not adopt an
effective digital strategy will fall behind.
Access to the Internet: A history
3
1969:%Internet'was'created'
but'only'government'officials'
and'researchers'could'
access'it.'
Next%10%years:%cost'of'
digital'devices'decreased'
making'them'more'
accessible'to'consumers.'
1991:%Introduction'of'the'World'
Wide'Web.''Everyone'now'has'
access'to'the'internet,'opening'
the'gateway'to'social'media,'e>
commerce'and'online'
platforms..
2000s:%%Social'media'sites'
launch,'such'as'Facebook,'
YouTube'and'MySpace,'
which'encourages'even'
more'people'to'use'the'
internet..
Access'to'the'internet'
meant'that'music'and'films'
were'now'streamed'as'
opposed'to'bought'on'CD'
which'evokes'creative'
destruction'in'the'music'
industry.'
2007:%The'creation'of'the'
smart'phone'meant'that'
internet'access'was'
portable'and'available'24/7'
for'consumers.'
4
97% of
Denmark’s
population use
the internet
0.06% of
North Korea’s
population use the
internet
4% of Nigeria’s
population use the
internet
Not all consumers have the same amount of access to
the internet (Hootsuite, 2018)
BIG
DATA
processes 40,000
searches every second
5
(Marr, 2018)
6
Digital devices used by consumers
On average (Chaffey, 2018)
46% global consumers
access the internet via
multiple devices
30% use their mobiles only
24% use their desktops only
7
48
24
15
9
0
0
1
S
M
A
R
TP
H
O
N
E
LA
P
TO
P
TA
B
LE
T
D
E
S
K
TO
P
G
A
M
E
S
0C
O
N
S
O
LE
E
2R
E
A
D
E
R
TV
0S
E
T
WHICH0DIGITAL0DEVICES0DO0YOU0USE0TO0
ACCESS0THE0INTERNET0IN0%?
Statistica,02018
Where do consumers
find their information
about products?
8
80% millenials use pinterest
(Coschedule blog, cited by
hubspot,2018)
60% use retail sites
(Criterio, 2016)
46% use their
mobile first
(Google cited by
hubspot, 2018)
64% more likely to buy
a product after watching
a video (Forbes cited by
Hupspot 2018)
29% speak to
salespeople (hubspot,
2018)
96% of mobile traffic
from google (Jody
Nimetz Co., cited by
hubspot, 2018)
47% tend to view 3-
5 pieces of content
before speaking to a
sales rep (Demand Gen
report cited by Hubspot
2018)
What do consumers buy online?
Entertainment
1 in 4 online purchases made for
entertainment in the UK (Peachey,
2017)
Financial services
27% of transactions online have been
associated with financial services (Peachey,
2017)
9
10
Food and Drink
41% of purchases made on food and drink in
store rather than 7% online (Peachey, 2017)
70% of online baskets are
abandoned (Pure 360, 2018)
Online video consumption
11
Consumers spend 64 minutes a day watching videos (Tran, 2018)
Growth of 17% of smart phone video consumption from 2017-2018
(emarketer, 2018)
65.1% of global digital users watch videos
due to streaming on demand options (emarketer,
2018)
Consumer trends
(last 3-5 years)
! AI#
! Internet#of#Things#
! Voice#automation
12
AI
The rise of AI has occurred in
response to the explosion of
data generation. For
consumers, AI helps sort
through enormous amounts of
data so that we can find the
information and products we
want.
13
Voice
automation
Rise%of%the%mobile-first%world%has%
prompted%a%culture%of%'I%want%things%
NOW'%and%voice%automation%helps%
use%get%our%information%and%
products%fast%and%easily%because%
we%no%longer%have%to%pause%to%look%
at%our%screens.%This%has%also%
created%a%need%for%SEOs%to%be%able%
to%understand%longer%sentences,%
which%AI%helps%with.
14
Internet of
Things
As we become multiplatform users,
consumer desire to have easily connected
devices that combine resources to meet our
needs. This connectivity also contributes to
the need for AI as IoT real-time activity will
constitute 95% of data by 2025
(information/age, 2017)
15
SUMMARY
Demographic
dependent:
16
Even though more consumers use
technology in their lives than ever before,
there are still discrepancies between
demographics as to how much it is used.
This means that companies should do
market research to assess where they
should focus their finite resources.
Countries with limited internet access due
to economic or political restrictions would
be less fruitful for companies than
countries without these restrictions
SUMMARY
Mobile-first world:
17
Increasing numbers of consumers are
turning to their mobiles first to both to buy
products and search for information. This
means companies have to adapt
websites so they are mobile friendly.
Companies that take advantage of the
mobile first world and track consumer
mobile interactions to personalise the
consumer experience will find themselves
ahead of their competitors.
SUMMARY
Prioritise visual
stimuluses:
18
The growth of video consumption and use
of social media platforms, such as
pinterest, indicates that companies need
to incorporate visual stimulus's such as
tutorials and webinars into their websites
and marketing strategies. Consumers find
these easier to watch on the go because
they provide concise and visually
interesting information.
Videos are also extremely useful for
conversion however, companies must
ensure they are mobile@friendly videos and
photos to reap the benefits from these
tools.
SUMMARY
'I want it now'
culture:
19
The rise of the mobile first world and the
interconnectivity of devices through IoT
means that consumers expect to get
personalised solutions straight away from
companies. Access to the internet means
that consumers can jump from one
company to the next if they don't think that
their needs are being met. This is evident
from the fact that 70% of online baskets are
left. Companies that does not offer fast,
user friendly, personalised online
experiences will fall behind.
However, not every retailer needs to
prioritise a digital strategy. Food and drink,
for instance, is still largely bought instore.
Therefore, it is clear that companies must
understand the personal needs of their
consumers and how their shopping habits
work to allocate marketing resources in a
way that gains the highest conversion rates.
References
20
Ismail, N. (2017). The value of data: forecast to grow 10-fold by 2025.Available: https://www.information-age.com/data-forecast-grow-10-fold-2025-
123465538/. Last accessed 11th November 2018Kemp, S. (2018). DIGITAL IN 2018: WORLD’S INTERNET USERS PASS THE 4
BILLION MARK. Available: https://wearesocial.com/blog/2018/01/global-digital-report-2018. Last accessed 11 November 2018.
.
Chaffey,*D.*(2018). Mobile'Marketing'Statistics'compilation. Available:*https://www.smartinsights.com/mobileB
marketing/mobileBmarketingBanalytics/mobileBmarketingBstatistics/.*Last*accessed*11th*November*2018.
Criterio. (2016). Browsing & Buying Behaviour 2016. Available: https://www.criteo.com/wpB
content/uploads/2018/01/BrowsingBBuyingBBehaviourB2016BUK.pdf. Last accessed 11th November 2018.
Emarketer editors. (2018). eMarketer Releases Latest Global Digital Video Viewer Estimates Expanding
mobile usage and improving broadband connections fuel growth. Available:
https://www.emarketer.com/content/emarketer-releases-latest-global-digital-video-viewer-estimates. Last
accessed 11th November 2018.
Hootsuite. (2018). Internet penetration by region. Available: https://wearesocialBnet.s3.amazonaws.com/wpB
content/uploads/2018/01/DIGITALBINB2018B003BINTERNETBPENETRATIONBMAPBV1.00.png. Last accessed 11th
November 2018.
Hubspot. (2018). Ultimate list of marketing statistics 2018. Available: https://www.hubspot.com/marketingBstatistics. Last
accessed 11th November 2018.
21
Marr,'B.'(2018). How$Much$Data$Do$We$Create$Every$Day?$The$Mind8Blowing$Stats$
Everyone$Should$Read. Available:'
https://www.forbes.com/sites/bernardmarr/2018/05/21/howBmuchBdataBdoBweBcreateBeveryB
dayBtheBmindBblowingBstatsBeveryoneBshouldBread/#30a4c1c960ba.'Last'accessed'11th'
November'2018.
Peachey,'K.'(2017). UK's$online$shoppers$top$global$spending$survey.Available:'
https://www.bbc.co.uk/news/businessB39655039.'Last'accessed'11th'November'2018.
Small'business.com.'(2016). How$Your$Customers$Use$Different$Digital$Devices$
Throughout$the$Day. Available:'https://smallbusiness.com/tech/digitalBdeviceBdailyBusage/.'
Last'accessed'11th'November'2018.
Statcounter.'(2018). Desktop$vs$Mobile$vs$Tablet$Market$Share$Worldwide. Available:'
http://gs.statcounter.com/platformBmarketBshare/desktopBmobileBtablet.'Last'accessed'11th'
November'2018.
https://unsplash.com/

Weitere Àhnliche Inhalte

Was ist angesagt?

The evolution of technology
The evolution of technologyThe evolution of technology
The evolution of technologyTHEWORLDACCORDINGTO
 
Whitepaper - A Consumer Cloud Solution - White Label or Build
Whitepaper - A Consumer Cloud Solution - White Label or BuildWhitepaper - A Consumer Cloud Solution - White Label or Build
Whitepaper - A Consumer Cloud Solution - White Label or BuildJ.D. Bryant
 
Prospect of E-Retailing In India
Prospect of E-Retailing In IndiaProspect of E-Retailing In India
Prospect of E-Retailing In IndiaIOSR Journals
 
Top 10 Mobile Trends 2015
Top 10 Mobile Trends 2015Top 10 Mobile Trends 2015
Top 10 Mobile Trends 2015DMI
 
Digital consumer: trends and challenges
Digital consumer: trends and challengesDigital consumer: trends and challenges
Digital consumer: trends and challengesJolanta Tkaczyk Ph.D.
 
Mobile social-consumer-report-2012-final
 Mobile social-consumer-report-2012-final Mobile social-consumer-report-2012-final
Mobile social-consumer-report-2012-finalDigitalCoco
 
Android app development trends for 2021
Android app development trends for 2021Android app development trends for 2021
Android app development trends for 2021BusinessDevelopment35
 
Top 2017 Mobile Advertising Trends in Indonesia
Top 2017 Mobile Advertising Trends in IndonesiaTop 2017 Mobile Advertising Trends in Indonesia
Top 2017 Mobile Advertising Trends in IndonesiaInMobi
 
IOT Environment & Business Value
IOT Environment & Business ValueIOT Environment & Business Value
IOT Environment & Business ValueMahua Chatterjee
 
The impact of technology
The impact of technologyThe impact of technology
The impact of technologyTalZakuta
 
The great consumer digital migration
The great consumer digital migrationThe great consumer digital migration
The great consumer digital migrationIBM Software India
 
Presentation for assignment 2 digital marketing course
Presentation for assignment 2 digital marketing coursePresentation for assignment 2 digital marketing course
Presentation for assignment 2 digital marketing courseSonamBrady
 
The Emerging Need of Digitization In Logistics & Supply Chain Post COVID-19
The Emerging Need of Digitization In Logistics & Supply Chain Post COVID-19 The Emerging Need of Digitization In Logistics & Supply Chain Post COVID-19
The Emerging Need of Digitization In Logistics & Supply Chain Post COVID-19 ExpertsConsult
 
Native Mobile Monthly Report - March 2013
Native Mobile Monthly Report - March 2013Native Mobile Monthly Report - March 2013
Native Mobile Monthly Report - March 2013VML South Africa
 
M4ID TRENDS 2014
M4ID TRENDS 2014M4ID TRENDS 2014
M4ID TRENDS 2014M4ID Team
 
Digital As Of 2020 And COVID-19
Digital As Of 2020 And COVID-19Digital As Of 2020 And COVID-19
Digital As Of 2020 And COVID-19Mostafa Abou Gamrah
 

Was ist angesagt? (19)

The evolution of technology
The evolution of technologyThe evolution of technology
The evolution of technology
 
Whitepaper - A Consumer Cloud Solution - White Label or Build
Whitepaper - A Consumer Cloud Solution - White Label or BuildWhitepaper - A Consumer Cloud Solution - White Label or Build
Whitepaper - A Consumer Cloud Solution - White Label or Build
 
The Internet of Things -IOT
The Internet of Things -IOTThe Internet of Things -IOT
The Internet of Things -IOT
 
Prospect of E-Retailing In India
Prospect of E-Retailing In IndiaProspect of E-Retailing In India
Prospect of E-Retailing In India
 
Top 10 Mobile Trends 2015
Top 10 Mobile Trends 2015Top 10 Mobile Trends 2015
Top 10 Mobile Trends 2015
 
Digital consumer: trends and challenges
Digital consumer: trends and challengesDigital consumer: trends and challenges
Digital consumer: trends and challenges
 
Mobile social-consumer-report-2012-final
 Mobile social-consumer-report-2012-final Mobile social-consumer-report-2012-final
Mobile social-consumer-report-2012-final
 
Android app development trends for 2021
Android app development trends for 2021Android app development trends for 2021
Android app development trends for 2021
 
Top 2017 Mobile Advertising Trends in Indonesia
Top 2017 Mobile Advertising Trends in IndonesiaTop 2017 Mobile Advertising Trends in Indonesia
Top 2017 Mobile Advertising Trends in Indonesia
 
IOT Environment & Business Value
IOT Environment & Business ValueIOT Environment & Business Value
IOT Environment & Business Value
 
The impact of technology
The impact of technologyThe impact of technology
The impact of technology
 
The great consumer digital migration
The great consumer digital migrationThe great consumer digital migration
The great consumer digital migration
 
Presentation for assignment 2 digital marketing course
Presentation for assignment 2 digital marketing coursePresentation for assignment 2 digital marketing course
Presentation for assignment 2 digital marketing course
 
Digital Ecosystem
Digital EcosystemDigital Ecosystem
Digital Ecosystem
 
The Emerging Need of Digitization In Logistics & Supply Chain Post COVID-19
The Emerging Need of Digitization In Logistics & Supply Chain Post COVID-19 The Emerging Need of Digitization In Logistics & Supply Chain Post COVID-19
The Emerging Need of Digitization In Logistics & Supply Chain Post COVID-19
 
Native Mobile Monthly Report - March 2013
Native Mobile Monthly Report - March 2013Native Mobile Monthly Report - March 2013
Native Mobile Monthly Report - March 2013
 
M4ID TRENDS 2014
M4ID TRENDS 2014M4ID TRENDS 2014
M4ID TRENDS 2014
 
Grayling 8for16 trends
Grayling 8for16 trends Grayling 8for16 trends
Grayling 8for16 trends
 
Digital As Of 2020 And COVID-19
Digital As Of 2020 And COVID-19Digital As Of 2020 And COVID-19
Digital As Of 2020 And COVID-19
 

Ähnlich wie How do consumers use technology?

how we use technology
how we use technologyhow we use technology
how we use technologydannibailey
 
Impact of technology on our lives
Impact of technology on our livesImpact of technology on our lives
Impact of technology on our livesNaomiAdesanya
 
Whats trending in digital in 2020
Whats trending in digital in 2020Whats trending in digital in 2020
Whats trending in digital in 2020LyndaLister
 
How Consumers Use Technology
How Consumers Use TechnologyHow Consumers Use Technology
How Consumers Use TechnologyRaimy Greenland
 
Whats trending in digital in 2020
Whats trending in digital in 2020Whats trending in digital in 2020
Whats trending in digital in 2020LyndaLister
 
How consumers use technology & it's impact on their lives.
How consumers use technology & it's impact on their lives. How consumers use technology & it's impact on their lives.
How consumers use technology & it's impact on their lives. Con Nagle
 
Assignment_2 Technology!!.pdf (4).pdf
Assignment_2 Technology!!.pdf (4).pdfAssignment_2 Technology!!.pdf (4).pdf
Assignment_2 Technology!!.pdf (4).pdfmercyacheng
 
Evolution of the Internet
Evolution of the InternetEvolution of the Internet
Evolution of the InternetZoeEverard
 
How Consumers use Technology and its impact on.pptx
How Consumers use Technology and its impact on.pptxHow Consumers use Technology and its impact on.pptx
How Consumers use Technology and its impact on.pptxFabioSiccardi3
 
The impact of technology on consumer behaviour
The impact of technology on consumer behaviourThe impact of technology on consumer behaviour
The impact of technology on consumer behaviourLaura Alemany
 
EVOLUTION OF INTERNET
EVOLUTION OF INTERNETEVOLUTION OF INTERNET
EVOLUTION OF INTERNETSun6ixPR
 
Presentation Script Notes. HOW AUDIENCES USE TECHNOLOGY AND ITS IMPACT ON THE...
Presentation Script Notes. HOW AUDIENCES USE TECHNOLOGY AND ITS IMPACT ON THE...Presentation Script Notes. HOW AUDIENCES USE TECHNOLOGY AND ITS IMPACT ON THE...
Presentation Script Notes. HOW AUDIENCES USE TECHNOLOGY AND ITS IMPACT ON THE...MartaCaceres10
 
The Evolution of Digital Marketing - How consumers use technology and how it ...
The Evolution of Digital Marketing - How consumers use technology and how it ...The Evolution of Digital Marketing - How consumers use technology and how it ...
The Evolution of Digital Marketing - How consumers use technology and how it ...GraceClarke11
 
How consumers use technology and its impact on their lives assignment 2
How consumers use technology and its impact on their lives assignment 2How consumers use technology and its impact on their lives assignment 2
How consumers use technology and its impact on their lives assignment 2Umeda Yeole
 
How customers use technology and its impacts on their lives
How customers use technology and its impacts on their lives How customers use technology and its impacts on their lives
How customers use technology and its impacts on their lives JenniferBrooker5
 
Euromonitor digital consumer index extract - top 20 markets
Euromonitor digital consumer index extract - top 20 marketsEuromonitor digital consumer index extract - top 20 markets
Euromonitor digital consumer index extract - top 20 marketsAlexandre Pallota
 
Assignment 2 official (1)
Assignment 2 official (1)Assignment 2 official (1)
Assignment 2 official (1)TomGoldsmith9
 
THE IMPACT OF THE INTERNET AND TECHNOLOGY ON CONSUMERS
THE IMPACT OF THE INTERNET AND TECHNOLOGY ON CONSUMERSTHE IMPACT OF THE INTERNET AND TECHNOLOGY ON CONSUMERS
THE IMPACT OF THE INTERNET AND TECHNOLOGY ON CONSUMERSeflo3
 
Impact of Technology on Consumers' Lives
Impact of Technology on Consumers' LivesImpact of Technology on Consumers' Lives
Impact of Technology on Consumers' LivesNashKhalif
 
Evolution of Digital Marketing Wendy Smalley
Evolution of Digital Marketing Wendy SmalleyEvolution of Digital Marketing Wendy Smalley
Evolution of Digital Marketing Wendy SmalleyWendySmalley1
 

Ähnlich wie How do consumers use technology? (20)

how we use technology
how we use technologyhow we use technology
how we use technology
 
Impact of technology on our lives
Impact of technology on our livesImpact of technology on our lives
Impact of technology on our lives
 
Whats trending in digital in 2020
Whats trending in digital in 2020Whats trending in digital in 2020
Whats trending in digital in 2020
 
How Consumers Use Technology
How Consumers Use TechnologyHow Consumers Use Technology
How Consumers Use Technology
 
Whats trending in digital in 2020
Whats trending in digital in 2020Whats trending in digital in 2020
Whats trending in digital in 2020
 
How consumers use technology & it's impact on their lives.
How consumers use technology & it's impact on their lives. How consumers use technology & it's impact on their lives.
How consumers use technology & it's impact on their lives.
 
Assignment_2 Technology!!.pdf (4).pdf
Assignment_2 Technology!!.pdf (4).pdfAssignment_2 Technology!!.pdf (4).pdf
Assignment_2 Technology!!.pdf (4).pdf
 
Evolution of the Internet
Evolution of the InternetEvolution of the Internet
Evolution of the Internet
 
How Consumers use Technology and its impact on.pptx
How Consumers use Technology and its impact on.pptxHow Consumers use Technology and its impact on.pptx
How Consumers use Technology and its impact on.pptx
 
The impact of technology on consumer behaviour
The impact of technology on consumer behaviourThe impact of technology on consumer behaviour
The impact of technology on consumer behaviour
 
EVOLUTION OF INTERNET
EVOLUTION OF INTERNETEVOLUTION OF INTERNET
EVOLUTION OF INTERNET
 
Presentation Script Notes. HOW AUDIENCES USE TECHNOLOGY AND ITS IMPACT ON THE...
Presentation Script Notes. HOW AUDIENCES USE TECHNOLOGY AND ITS IMPACT ON THE...Presentation Script Notes. HOW AUDIENCES USE TECHNOLOGY AND ITS IMPACT ON THE...
Presentation Script Notes. HOW AUDIENCES USE TECHNOLOGY AND ITS IMPACT ON THE...
 
The Evolution of Digital Marketing - How consumers use technology and how it ...
The Evolution of Digital Marketing - How consumers use technology and how it ...The Evolution of Digital Marketing - How consumers use technology and how it ...
The Evolution of Digital Marketing - How consumers use technology and how it ...
 
How consumers use technology and its impact on their lives assignment 2
How consumers use technology and its impact on their lives assignment 2How consumers use technology and its impact on their lives assignment 2
How consumers use technology and its impact on their lives assignment 2
 
How customers use technology and its impacts on their lives
How customers use technology and its impacts on their lives How customers use technology and its impacts on their lives
How customers use technology and its impacts on their lives
 
Euromonitor digital consumer index extract - top 20 markets
Euromonitor digital consumer index extract - top 20 marketsEuromonitor digital consumer index extract - top 20 markets
Euromonitor digital consumer index extract - top 20 markets
 
Assignment 2 official (1)
Assignment 2 official (1)Assignment 2 official (1)
Assignment 2 official (1)
 
THE IMPACT OF THE INTERNET AND TECHNOLOGY ON CONSUMERS
THE IMPACT OF THE INTERNET AND TECHNOLOGY ON CONSUMERSTHE IMPACT OF THE INTERNET AND TECHNOLOGY ON CONSUMERS
THE IMPACT OF THE INTERNET AND TECHNOLOGY ON CONSUMERS
 
Impact of Technology on Consumers' Lives
Impact of Technology on Consumers' LivesImpact of Technology on Consumers' Lives
Impact of Technology on Consumers' Lives
 
Evolution of Digital Marketing Wendy Smalley
Evolution of Digital Marketing Wendy SmalleyEvolution of Digital Marketing Wendy Smalley
Evolution of Digital Marketing Wendy Smalley
 

KĂŒrzlich hochgeladen

Manulife - Insurer Transformation Award 2024
Manulife - Insurer Transformation Award 2024Manulife - Insurer Transformation Award 2024
Manulife - Insurer Transformation Award 2024The Digital Insurer
 
Exploring the Future Potential of AI-Enabled Smartphone Processors
Exploring the Future Potential of AI-Enabled Smartphone ProcessorsExploring the Future Potential of AI-Enabled Smartphone Processors
Exploring the Future Potential of AI-Enabled Smartphone Processorsdebabhi2
 
Navi Mumbai Call Girls đŸ„° 8617370543 Service Offer VIP Hot Model
Navi Mumbai Call Girls đŸ„° 8617370543 Service Offer VIP Hot ModelNavi Mumbai Call Girls đŸ„° 8617370543 Service Offer VIP Hot Model
Navi Mumbai Call Girls đŸ„° 8617370543 Service Offer VIP Hot ModelDeepika Singh
 
ProductAnonymous-April2024-WinProductDiscovery-MelissaKlemke
ProductAnonymous-April2024-WinProductDiscovery-MelissaKlemkeProductAnonymous-April2024-WinProductDiscovery-MelissaKlemke
ProductAnonymous-April2024-WinProductDiscovery-MelissaKlemkeProduct Anonymous
 
TrustArc Webinar - Unlock the Power of AI-Driven Data Discovery
TrustArc Webinar - Unlock the Power of AI-Driven Data DiscoveryTrustArc Webinar - Unlock the Power of AI-Driven Data Discovery
TrustArc Webinar - Unlock the Power of AI-Driven Data DiscoveryTrustArc
 
Real Time Object Detection Using Open CV
Real Time Object Detection Using Open CVReal Time Object Detection Using Open CV
Real Time Object Detection Using Open CVKhem
 
DBX First Quarter 2024 Investor Presentation
DBX First Quarter 2024 Investor PresentationDBX First Quarter 2024 Investor Presentation
DBX First Quarter 2024 Investor PresentationDropbox
 
ICT role in 21st century education and its challenges
ICT role in 21st century education and its challengesICT role in 21st century education and its challenges
ICT role in 21st century education and its challengesrafiqahmad00786416
 
presentation ICT roal in 21st century education
presentation ICT roal in 21st century educationpresentation ICT roal in 21st century education
presentation ICT roal in 21st century educationjfdjdjcjdnsjd
 
Apidays New York 2024 - Accelerating FinTech Innovation by Vasa Krishnan, Fin...
Apidays New York 2024 - Accelerating FinTech Innovation by Vasa Krishnan, Fin...Apidays New York 2024 - Accelerating FinTech Innovation by Vasa Krishnan, Fin...
Apidays New York 2024 - Accelerating FinTech Innovation by Vasa Krishnan, Fin...apidays
 
Powerful Google developer tools for immediate impact! (2023-24 C)
Powerful Google developer tools for immediate impact! (2023-24 C)Powerful Google developer tools for immediate impact! (2023-24 C)
Powerful Google developer tools for immediate impact! (2023-24 C)wesley chun
 
Why Teams call analytics are critical to your entire business
Why Teams call analytics are critical to your entire businessWhy Teams call analytics are critical to your entire business
Why Teams call analytics are critical to your entire businesspanagenda
 
GenAI Risks & Security Meetup 01052024.pdf
GenAI Risks & Security Meetup 01052024.pdfGenAI Risks & Security Meetup 01052024.pdf
GenAI Risks & Security Meetup 01052024.pdflior mazor
 
Polkadot JAM Slides - Token2049 - By Dr. Gavin Wood
Polkadot JAM Slides - Token2049 - By Dr. Gavin WoodPolkadot JAM Slides - Token2049 - By Dr. Gavin Wood
Polkadot JAM Slides - Token2049 - By Dr. Gavin WoodJuan lago vĂĄzquez
 
Apidays New York 2024 - The Good, the Bad and the Governed by David O'Neill, ...
Apidays New York 2024 - The Good, the Bad and the Governed by David O'Neill, ...Apidays New York 2024 - The Good, the Bad and the Governed by David O'Neill, ...
Apidays New York 2024 - The Good, the Bad and the Governed by David O'Neill, ...apidays
 
Repurposing LNG terminals for Hydrogen Ammonia: Feasibility and Cost Saving
Repurposing LNG terminals for Hydrogen Ammonia: Feasibility and Cost SavingRepurposing LNG terminals for Hydrogen Ammonia: Feasibility and Cost Saving
Repurposing LNG terminals for Hydrogen Ammonia: Feasibility and Cost SavingEdi Saputra
 
2024: Domino Containers - The Next Step. News from the Domino Container commu...
2024: Domino Containers - The Next Step. News from the Domino Container commu...2024: Domino Containers - The Next Step. News from the Domino Container commu...
2024: Domino Containers - The Next Step. News from the Domino Container commu...Martijn de Jong
 
MS Copilot expands with MS Graph connectors
MS Copilot expands with MS Graph connectorsMS Copilot expands with MS Graph connectors
MS Copilot expands with MS Graph connectorsNanddeep Nachan
 
Ransomware_Q4_2023. The report. [EN].pdf
Ransomware_Q4_2023. The report. [EN].pdfRansomware_Q4_2023. The report. [EN].pdf
Ransomware_Q4_2023. The report. [EN].pdfOverkill Security
 
"I see eyes in my soup": How Delivery Hero implemented the safety system for ...
"I see eyes in my soup": How Delivery Hero implemented the safety system for ..."I see eyes in my soup": How Delivery Hero implemented the safety system for ...
"I see eyes in my soup": How Delivery Hero implemented the safety system for ...Zilliz
 

KĂŒrzlich hochgeladen (20)

Manulife - Insurer Transformation Award 2024
Manulife - Insurer Transformation Award 2024Manulife - Insurer Transformation Award 2024
Manulife - Insurer Transformation Award 2024
 
Exploring the Future Potential of AI-Enabled Smartphone Processors
Exploring the Future Potential of AI-Enabled Smartphone ProcessorsExploring the Future Potential of AI-Enabled Smartphone Processors
Exploring the Future Potential of AI-Enabled Smartphone Processors
 
Navi Mumbai Call Girls đŸ„° 8617370543 Service Offer VIP Hot Model
Navi Mumbai Call Girls đŸ„° 8617370543 Service Offer VIP Hot ModelNavi Mumbai Call Girls đŸ„° 8617370543 Service Offer VIP Hot Model
Navi Mumbai Call Girls đŸ„° 8617370543 Service Offer VIP Hot Model
 
ProductAnonymous-April2024-WinProductDiscovery-MelissaKlemke
ProductAnonymous-April2024-WinProductDiscovery-MelissaKlemkeProductAnonymous-April2024-WinProductDiscovery-MelissaKlemke
ProductAnonymous-April2024-WinProductDiscovery-MelissaKlemke
 
TrustArc Webinar - Unlock the Power of AI-Driven Data Discovery
TrustArc Webinar - Unlock the Power of AI-Driven Data DiscoveryTrustArc Webinar - Unlock the Power of AI-Driven Data Discovery
TrustArc Webinar - Unlock the Power of AI-Driven Data Discovery
 
Real Time Object Detection Using Open CV
Real Time Object Detection Using Open CVReal Time Object Detection Using Open CV
Real Time Object Detection Using Open CV
 
DBX First Quarter 2024 Investor Presentation
DBX First Quarter 2024 Investor PresentationDBX First Quarter 2024 Investor Presentation
DBX First Quarter 2024 Investor Presentation
 
ICT role in 21st century education and its challenges
ICT role in 21st century education and its challengesICT role in 21st century education and its challenges
ICT role in 21st century education and its challenges
 
presentation ICT roal in 21st century education
presentation ICT roal in 21st century educationpresentation ICT roal in 21st century education
presentation ICT roal in 21st century education
 
Apidays New York 2024 - Accelerating FinTech Innovation by Vasa Krishnan, Fin...
Apidays New York 2024 - Accelerating FinTech Innovation by Vasa Krishnan, Fin...Apidays New York 2024 - Accelerating FinTech Innovation by Vasa Krishnan, Fin...
Apidays New York 2024 - Accelerating FinTech Innovation by Vasa Krishnan, Fin...
 
Powerful Google developer tools for immediate impact! (2023-24 C)
Powerful Google developer tools for immediate impact! (2023-24 C)Powerful Google developer tools for immediate impact! (2023-24 C)
Powerful Google developer tools for immediate impact! (2023-24 C)
 
Why Teams call analytics are critical to your entire business
Why Teams call analytics are critical to your entire businessWhy Teams call analytics are critical to your entire business
Why Teams call analytics are critical to your entire business
 
GenAI Risks & Security Meetup 01052024.pdf
GenAI Risks & Security Meetup 01052024.pdfGenAI Risks & Security Meetup 01052024.pdf
GenAI Risks & Security Meetup 01052024.pdf
 
Polkadot JAM Slides - Token2049 - By Dr. Gavin Wood
Polkadot JAM Slides - Token2049 - By Dr. Gavin WoodPolkadot JAM Slides - Token2049 - By Dr. Gavin Wood
Polkadot JAM Slides - Token2049 - By Dr. Gavin Wood
 
Apidays New York 2024 - The Good, the Bad and the Governed by David O'Neill, ...
Apidays New York 2024 - The Good, the Bad and the Governed by David O'Neill, ...Apidays New York 2024 - The Good, the Bad and the Governed by David O'Neill, ...
Apidays New York 2024 - The Good, the Bad and the Governed by David O'Neill, ...
 
Repurposing LNG terminals for Hydrogen Ammonia: Feasibility and Cost Saving
Repurposing LNG terminals for Hydrogen Ammonia: Feasibility and Cost SavingRepurposing LNG terminals for Hydrogen Ammonia: Feasibility and Cost Saving
Repurposing LNG terminals for Hydrogen Ammonia: Feasibility and Cost Saving
 
2024: Domino Containers - The Next Step. News from the Domino Container commu...
2024: Domino Containers - The Next Step. News from the Domino Container commu...2024: Domino Containers - The Next Step. News from the Domino Container commu...
2024: Domino Containers - The Next Step. News from the Domino Container commu...
 
MS Copilot expands with MS Graph connectors
MS Copilot expands with MS Graph connectorsMS Copilot expands with MS Graph connectors
MS Copilot expands with MS Graph connectors
 
Ransomware_Q4_2023. The report. [EN].pdf
Ransomware_Q4_2023. The report. [EN].pdfRansomware_Q4_2023. The report. [EN].pdf
Ransomware_Q4_2023. The report. [EN].pdf
 
"I see eyes in my soup": How Delivery Hero implemented the safety system for ...
"I see eyes in my soup": How Delivery Hero implemented the safety system for ..."I see eyes in my soup": How Delivery Hero implemented the safety system for ...
"I see eyes in my soup": How Delivery Hero implemented the safety system for ...
 

How do consumers use technology?

  • 2. Introduction 2 The number of consumers accessing the internet via digital devices has multiplied excessively since the creation of the World Wide Web and the reduction in cost of digital devices. Technology is now integrated into our daily lives through the promotion of social media, e-commerce and 24/7 access. With this rise of the internet there has been a huge shift in power from companies to the consumers, as consumers can now utilise the internet to browse a vast array of choices, exchange reviews with friends about products and services and buy commodities online. For companies to stay competitive in this growing digital world, they must understand the different digital channels consumers use, when they use them and how they use them. Any company that does not adopt an effective digital strategy will fall behind.
  • 3. Access to the Internet: A history 3 1969:%Internet'was'created' but'only'government'officials' and'researchers'could' access'it.' Next%10%years:%cost'of' digital'devices'decreased' making'them'more' accessible'to'consumers.' 1991:%Introduction'of'the'World' Wide'Web.''Everyone'now'has' access'to'the'internet,'opening' the'gateway'to'social'media,'e> commerce'and'online' platforms.. 2000s:%%Social'media'sites' launch,'such'as'Facebook,' YouTube'and'MySpace,' which'encourages'even' more'people'to'use'the' internet.. Access'to'the'internet' meant'that'music'and'films' were'now'streamed'as' opposed'to'bought'on'CD' which'evokes'creative' destruction'in'the'music' industry.' 2007:%The'creation'of'the' smart'phone'meant'that' internet'access'was' portable'and'available'24/7' for'consumers.'
  • 4. 4 97% of Denmark’s population use the internet 0.06% of North Korea’s population use the internet 4% of Nigeria’s population use the internet Not all consumers have the same amount of access to the internet (Hootsuite, 2018)
  • 6. 6 Digital devices used by consumers On average (Chaffey, 2018) 46% global consumers access the internet via multiple devices 30% use their mobiles only 24% use their desktops only
  • 8. Where do consumers find their information about products? 8 80% millenials use pinterest (Coschedule blog, cited by hubspot,2018) 60% use retail sites (Criterio, 2016) 46% use their mobile first (Google cited by hubspot, 2018) 64% more likely to buy a product after watching a video (Forbes cited by Hupspot 2018) 29% speak to salespeople (hubspot, 2018) 96% of mobile traffic from google (Jody Nimetz Co., cited by hubspot, 2018) 47% tend to view 3- 5 pieces of content before speaking to a sales rep (Demand Gen report cited by Hubspot 2018)
  • 9. What do consumers buy online? Entertainment 1 in 4 online purchases made for entertainment in the UK (Peachey, 2017) Financial services 27% of transactions online have been associated with financial services (Peachey, 2017) 9
  • 10. 10 Food and Drink 41% of purchases made on food and drink in store rather than 7% online (Peachey, 2017) 70% of online baskets are abandoned (Pure 360, 2018)
  • 11. Online video consumption 11 Consumers spend 64 minutes a day watching videos (Tran, 2018) Growth of 17% of smart phone video consumption from 2017-2018 (emarketer, 2018) 65.1% of global digital users watch videos due to streaming on demand options (emarketer, 2018)
  • 12. Consumer trends (last 3-5 years) ! AI# ! Internet#of#Things# ! Voice#automation 12
  • 13. AI The rise of AI has occurred in response to the explosion of data generation. For consumers, AI helps sort through enormous amounts of data so that we can find the information and products we want. 13
  • 15. Internet of Things As we become multiplatform users, consumer desire to have easily connected devices that combine resources to meet our needs. This connectivity also contributes to the need for AI as IoT real-time activity will constitute 95% of data by 2025 (information/age, 2017) 15
  • 16. SUMMARY Demographic dependent: 16 Even though more consumers use technology in their lives than ever before, there are still discrepancies between demographics as to how much it is used. This means that companies should do market research to assess where they should focus their finite resources. Countries with limited internet access due to economic or political restrictions would be less fruitful for companies than countries without these restrictions
  • 17. SUMMARY Mobile-first world: 17 Increasing numbers of consumers are turning to their mobiles first to both to buy products and search for information. This means companies have to adapt websites so they are mobile friendly. Companies that take advantage of the mobile first world and track consumer mobile interactions to personalise the consumer experience will find themselves ahead of their competitors.
  • 18. SUMMARY Prioritise visual stimuluses: 18 The growth of video consumption and use of social media platforms, such as pinterest, indicates that companies need to incorporate visual stimulus's such as tutorials and webinars into their websites and marketing strategies. Consumers find these easier to watch on the go because they provide concise and visually interesting information. Videos are also extremely useful for conversion however, companies must ensure they are mobile@friendly videos and photos to reap the benefits from these tools.
  • 19. SUMMARY 'I want it now' culture: 19 The rise of the mobile first world and the interconnectivity of devices through IoT means that consumers expect to get personalised solutions straight away from companies. Access to the internet means that consumers can jump from one company to the next if they don't think that their needs are being met. This is evident from the fact that 70% of online baskets are left. Companies that does not offer fast, user friendly, personalised online experiences will fall behind. However, not every retailer needs to prioritise a digital strategy. Food and drink, for instance, is still largely bought instore. Therefore, it is clear that companies must understand the personal needs of their consumers and how their shopping habits work to allocate marketing resources in a way that gains the highest conversion rates.
  • 20. References 20 Ismail, N. (2017). The value of data: forecast to grow 10-fold by 2025.Available: https://www.information-age.com/data-forecast-grow-10-fold-2025- 123465538/. Last accessed 11th November 2018Kemp, S. (2018). DIGITAL IN 2018: WORLD’S INTERNET USERS PASS THE 4 BILLION MARK. Available: https://wearesocial.com/blog/2018/01/global-digital-report-2018. Last accessed 11 November 2018. . Chaffey,*D.*(2018). Mobile'Marketing'Statistics'compilation. Available:*https://www.smartinsights.com/mobileB marketing/mobileBmarketingBanalytics/mobileBmarketingBstatistics/.*Last*accessed*11th*November*2018. Criterio. (2016). Browsing & Buying Behaviour 2016. Available: https://www.criteo.com/wpB content/uploads/2018/01/BrowsingBBuyingBBehaviourB2016BUK.pdf. Last accessed 11th November 2018. Emarketer editors. (2018). eMarketer Releases Latest Global Digital Video Viewer Estimates Expanding mobile usage and improving broadband connections fuel growth. Available: https://www.emarketer.com/content/emarketer-releases-latest-global-digital-video-viewer-estimates. Last accessed 11th November 2018. Hootsuite. (2018). Internet penetration by region. Available: https://wearesocialBnet.s3.amazonaws.com/wpB content/uploads/2018/01/DIGITALBINB2018B003BINTERNETBPENETRATIONBMAPBV1.00.png. Last accessed 11th November 2018. Hubspot. (2018). Ultimate list of marketing statistics 2018. Available: https://www.hubspot.com/marketingBstatistics. Last accessed 11th November 2018.
  • 21. 21 Marr,'B.'(2018). How$Much$Data$Do$We$Create$Every$Day?$The$Mind8Blowing$Stats$ Everyone$Should$Read. Available:' https://www.forbes.com/sites/bernardmarr/2018/05/21/howBmuchBdataBdoBweBcreateBeveryB dayBtheBmindBblowingBstatsBeveryoneBshouldBread/#30a4c1c960ba.'Last'accessed'11th' November'2018. Peachey,'K.'(2017). UK's$online$shoppers$top$global$spending$survey.Available:' https://www.bbc.co.uk/news/businessB39655039.'Last'accessed'11th'November'2018. Small'business.com.'(2016). How$Your$Customers$Use$Different$Digital$Devices$ Throughout$the$Day. Available:'https://smallbusiness.com/tech/digitalBdeviceBdailyBusage/.' Last'accessed'11th'November'2018. Statcounter.'(2018). Desktop$vs$Mobile$vs$Tablet$Market$Share$Worldwide. Available:' http://gs.statcounter.com/platformBmarketBshare/desktopBmobileBtablet.'Last'accessed'11th' November'2018. https://unsplash.com/