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How Has Technology Impacted Consumers and Their Lives.pptx

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How Has Technology Impacted Consumers and Their Lives.pptx

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How has technology impacted consumers and their lives? In this presentation we look at the history of the internet and how it has evolved to what it is now, what devices people use to access the internet and how it has affected our consumer habits.

How has technology impacted consumers and their lives? In this presentation we look at the history of the internet and how it has evolved to what it is now, what devices people use to access the internet and how it has affected our consumer habits.

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How Has Technology Impacted Consumers and Their Lives.pptx

  1. 1. How has technology impacted consumers and their lives?
  2. 2. Introduction Since the internet began in the 1960s, it has revolutionised the way people consume information and products (lifenoggin, 2014) In the beginning, the internet was used to send a very small piece or information from one terminal to another by experts. It grew in the 80s and 90s and was no longer state-controlled. Universities, research centres and other enterprises started using it and it has kept growing to become what it is today (Dentzel, n.d)
  3. 3. Access To The Internet In 1990, one year after the World Wide Web was created, only 0.5% of the world’s population were online. Every hour in 2016, 27,000 people accessed the internet for the first time. (Roser, et al, 2015) In 2021, 37% (2.9bn) of the population still don’t have access to the internet. (The Guardian, 2021)
  4. 4. Internet Speeds Dial-Up Internet Wireless Internet & Broadband Fibre Optic 3G 2001 / 4G 2009 / 5G 2019 1992 2000 1999 2008 Cossick, 2019 Edwards, 2020 Galazzo, 2020 Plus.net, N/A
  5. 5. Digital Devices Used By Audiences The most common digital devices are mobile phones, computers (desktop and laptop), tablets and iPads, smart watches and gaming consoles - all of which can access the internet. (Lin, 2022) (Nielsen, 2016)
  6. 6. How Customers Search For Information • Search Engines (google.com is the most visited web domain) • 1/4 of internet users aged 16-64 use voice assistants which also benefit people with physical disabilities, • visually impaired, the elderly, multitaskers as well as individuals that cannot read or write • Image search • Social Media channels • Online Q&A sites such as Quora Kemp, 2021
  7. 7. What Do Consumers Buy Online? • In 2019, 14.1% of global retail sales were online. It’s predicted to be 22% in 2023 • Covid-19 has impacted what people buy and how often. Between Jan-March, people turned to online when nothing else was available - they even began grocery shopping online. 65+ increased 195%, Women 170%, Men 152%, Married Households 168%, Single Households 132% (Startzel, 2020) • Across the globe, clothing is the number one category of products consumers have purchased online. Many clothing businesses are solely e-commerce. For example, up until recently (2022) Gymshark - the sportswear giant was solely online. Shein; a Chinese online retailer has also become popular due to the wide range of products at lower prices than you’d find in physical shops, with thousands of additions added each day. Estay, 2019
  8. 8. Online Video Consumption • YouTube launched in 2005 and has now become the most popular free video sharing platform, with over 2 billion monthly users. Videos can range from tutorials, comedy, tv/film, animation, music, lifestyle and vlogs etc. (Leskin, 2020) • In 2018 TikTok became popular and grew during the Covid-19 lockdowns with people posting short videos of a wide range of content. The platform uses algorithms to present the user with videos they would like (Tidy & Smith Galer, 2020) Bump, 2022 • In 2022, 3.37 billion internet users were consuming video • In 2021, online videos had an audience reach of 92% • The global average of video consumption is 84 minutes per day • Facebook has also become the favoured platform of live video (Shepherd, 2023)
  9. 9. Consumer Trends • 40% of people are more likely to to buy after looking at photos and reviews and 53% are more confident in their purchase from looking at other buyers photos instead of professional photography (Stanford, 2022) • Social media plays a large part in what’s trending and what people buy - especially if they see it being advertised by celebrities. Something can be made popular and then it can just as quickly disappear
  10. 10. Summary • Over the years the internet has evolved and grown to where it is the number one source for information with over half the Earth’s population having access to it. • Businesses have moved online to attract more people over a wider geographical location, with the ability to sell through more than one channel. Online retailers are constantly growing. • Mobile phones and computers are now the number one digital device used which makes internet access and video consumption easier and on the go (from a phone). The development of wireless internet has made this easier. • The Covid-19 pandemic has changed the way in which people consume products and information. Many have continued the same habits of shopping online which is resulting in physical shopping declining. • The use of social media is influencing what people buy and what videos are consumed. With the introduction of TikTok and it’s popularity over the pandemic, many people are turning to the videos and social media “influencers” for tips on what to consume.
  11. 11. References Bump, P. (2022) How video consumption is changing in 2023 [new research], HubSpot Blog. HubSpot. Available at: https://blog.hubspot.com/marketing/how-video-consumption-is-changing. Cossick , S. (2019) Dial-up internet and our fondness for the first internet connection, Allconnect. Available at: https://www.allconnect.com/blog/enduring-interest-dial-up-internet Dentzel, Z. (n.d.) How The Internet Has Changed Everyday Life [Preprint]. Available at: https://aasa.ut.ee/augsburg/literature/DENTZEL_BBVA-OpenMind-book-Change-19-key-essays-on-how-internet-is-changing-our-lives-Technology-Internet-Innovation.pdf. Edwards, L. (2020) When was broadband invented?, TechRadar. TechRadar. Available at: https://www.techradar.com/broadband/when-was-broadband-invented. Estay, B. (2019) 16 fascinating online shopping statistics (2022), The BigCommerce Blog. Available at: https://www.bigcommerce.co.uk/blog/online-shopping-statistics/. Galazzo, R. (2020) Timeline from 1g to 5G: A brief history on cell phones, CENGN. Available at: https://www.cengn.ca/information-centre/innovation/timeline-from-1g-to-5g-a-brief-history-on-cell-phones/ Kemp, S. (2021) Essential trends in online search - datareportal – global digital insights, DataReportal. DataReportal – Global Digital Insights. Available at: https://datareportal.com/reports/future-trends-2022-evolving-search-behaviours. Leskin, P. (2020) YouTube is 15 years old. here's a timeline of how YouTube was founded, its rise to video behemoth, and its biggest controversies along way. Business Insider. Available at: https://www.businessinsider.com/history-of-youtube-in-photos-2015- 10?r=US&IR=T. Lifenoggin (2014) History of The Internet. YouTube. Available at: https://www.youtube.com/watch?v=h8K49dD52WA. Lin, Y. (2022) Most Popular Electronics Worldwide [October 2022 update], Oberlo. Oberlo. Available at: https://www.oberlo.co.uk/statistics/most-popular-electronics More than a third of world's population have never used internet, says UN (2021) The Guardian. Guardian News and Media. Available at: https://www.theguardian.com/technology/2021/nov/30/more-than-a-third-of-worlds-population-has-never-used-the-internet- says-un Nielsen (2016) Television is still top brass, but viewing differences vary with age, Nielsen. Available at: https://www.nielsen.com/insights/2016/television-is-still-top-brass-but-viewing-differences-vary-with-age/. Plusnet (no date) The history of the internet, Plusnet. Available at: https://www.plus.net/broadband/discover/history-of-the-internet/ Roser, M., Ritchie, H. and Ortiz-Ospina, E. (2015) Internet, Our World in Data. Available at: https://ourworldindata.org/internet Shepherd, J. (2023) 30 vital video marketing statistics you need to know in 2022, The Social Shepherd. Available at: https://thesocialshepherd.com/blog/video-marketing- statistics#:~:text=The%20Global%20Average%20for%20Video,global%20average%20for%20video%20consumption. Stanford, Z. (2022) Shopper experience index: Where brands and retailers should lean in next, Bazaarvoice. Available at: https://www.bazaarvoice.com/resources/shopper-experience-index- 2022/?&aid=SC40571B2&utm_campaign=lets%2Bget%2Bvisual&utm_content=2022%2Bsei&utm_medium=paid%2Bsearch&utm_source=google&gclid=EAIaIQobChMI7MCZsaGu_AIVw9LtCh3N0gASEAAYASAAEgKw3_D_BwE. Startzel, M. (2020) Council post: Our new shopping habits are reshaping modern commerce, Forbes. Forbes Magazine. Available at: https://www.forbes.com/sites/forbesbusinesscouncil/2020/06/24/our-new-shopping-habits-are-reshaping-modern- commerce/?sh=6d82d1d6ebc3. The digital age: Young adults gravitate toward digital devices (2016) Nielsen. Available at: https://www.nielsen.com/insights/2016/the-digital-age-young-adults-gravitate-toward-digital-devices/. Tidy, J. and Smith Galer, S. (2020) Tiktok: The story of a social media giant, BBC News. BBC. Available at: https://www.bbc.co.uk/news/technology-53640724 (Accessed: January 4, 2023).

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