Food and beverage retail is the next big sector that will feel the influence of digital shopping. We’re seeing the shift already: 23% of U.S. shoppers bought groceries online in 2016, an increase of 20% versus just two years prior—and adoption has only accelerated since then.
Technology innovation is driving a rapid rate of change that has fueled unprecedented value creation, particularly for tech’s biggest winners, while disrupting incumbents in many industries. Major trends that will continue to strengthen in 2018 include e-commerce, cloud computing, digitization, online advertising, big data analytics, and the sharing economy.
Source: T. Rowe Price
We have entered an age where individuals can have more sway than traditional institutions, and customers are not just meek consumers but social influencers who define brands. And because trust is moving into the hands of the many, there will be more of it around.
Source: World Economic Forum
Digital transformation in retail is changing how people shop. Across channels consumers are buying less each time they shop. This shift is more concentrated in pure-play online retailers, where consumers don’t fill their baskets. Their goal is to get what they want quickly and without any friction.
All eyes are now firmly fixed on the U.S., China, and India, driven by an expectation that over 56 percent of all EMV cards issued globally in 2017 will be issued into one of these three countries.
Source: Digital Lifescapes
B2B companies have consistently searched for opportunities that target business users with mobile devices, products and services and now based on research from AO that identifies common apps and usage behaviors that companies can use to better identify these business users often disguised as consumers.
Source: Strategy Analytics