5 ways the Connected Consumer is Transforming the Shopping Experience
The rise of the connected consumer is transforming the retail experience.
We are now in an era of retailing that many are calling 'omni-channel'. Smart mobile devices and superfast connectivity are taking the shopping experience beyond the high-street or a fixed-line internet connection, and retailers will need to react to the opportunities caused by these behavioural changes. EE's recent Mobile Living Index, for example, found that 71% of users shopped online using their 4G smartphone or tablet out and about.
With over one million people in the UK already using 4G - a significant milestone that was announced yesterday - and with more people signing up to 4G every day as they see the massive step-change it delivers, that number will grow and grow. It means we are at a technology-driven tipping point for consumer shopping as we know it and that means retailers need to sharpen up their strategies if they want to succeed.
Here are five trends I believe will impact 21st century retailers.
1. The new retail purchase cycle
The internet, social media and mobile technology have torn up the traditional linear 'path to purchase' used by marketers to target consumers. Shoppers use PCs, laptops, tablets and smartphones to discover and research products. They may research online and buy in-store at a trusted or favourite brand or they may look and feel the product in-store and buy online. There are now many points and many different ways along this cycle for retailers to tap into the discovery and purchase journey of the connected consumer.
2. Any device, anytime, anywhere
Online shopping is no longer a static experience confined to the home laptop or PC. Tablets and smartphones mean we can, and do, shop online anywhere and anytime. Currently tablets are still largely used at home for online shopping and research shows that consumers who research items on their tablets tend to buy from that device rather than in-store. What is interesting is how mobile devices are changing our bricks and mortar shopping habits when we're out and about on the high street or at a mall. Research shows that 80% of shoppers use their mobile device in-store to enhance their shopping experience and 39% use it while in-store to search for product reviews.
3. The in-store experience
Which begs the question, what does the future hold for the physical retail store? Many retail brands will downsize their high street footprint for reasons of efficiency and cost, but there is most definitely still a vital role for the store to play. There is the opportunity to provide more of an experience in-store - entertainment, special offers, superb one-to-one customer service. The store needs to be an integral part of any omni-channel strategy where retailers provide a seamless experience to shoppers both online and offline.
4. Personalisation
Technology enables retailers to deliver a much more personalised experience to the consumer. We're already seeing what some call 'mass customisation' where you can, for example, go online and customise the design of your Nike trainers. When we look to the future with technologies such as 3D printing, there will be the potential for retailers to deliver an astonishing level of personalisation and customisation on what would previously be considered mass produced items. Augmented and virtual reality technology, such as Google Glass, also offer amazing ways to enhance the digital retail experience in the future.
5. Fulfilment and payment
Both traditional retailers and online stores are advancing with ever more rapid and personalised fulfilment methods - from 'click and collect' style services to same day delivery. Payment methods are also evolving. Cards have overtaken cash on the high street and mobile is the next payment battleground with consumers expressing a desire for an easy and secure way to use their mobile devices for faster and seamless ways to pay both online and offline.
These are just 5 of the significant trends modern retailers will face over the coming years. I'd be interested to hear your thoughts on these and any others you see coming down the line.
CRO Retired
10 年Indeed online is silently changing the consumer behaviour.
Talks about Microsoft Technologies with .net & Azure cloud
10 年All the 5 significant trends as mentioned above, is where technology meets unique challenges in terms of the solution required on top of which the business would run and would be a major turning point in governing the winners and the losers. Building a solution on these emerging trends would be complex, painstaking and requires great skill. It will take months or even years to make a solution upon these emerging trends that is stable and is profitable to the company.
Luxury B&B by the beach
10 年With the average smartphone user keeping their device no further than 1m away from them it is critical that marketers are able to manage this 2-way interaction in real - personalisation, relevance and timing is key.
Data Scholar | Turning Data into an Asset | Pioneering Web 4 and the Next Economy | Seasoned Industry Advisor | Innovation and Digital Evangelist | Speaker | Redefining Value and Learning
11 年The challenge for businesses is to keep up with this type of emergence. We need to understand the needs of our customers and the experiences they desire. Yes we need to design the business around the experience, but we also need to understand what we have available too. Any business must understand what services are offered through what channel, and deliver what experiences. As our customers demand more we can look to what channels we can leverage, or enhance to ensure we are able to meet the desired experiences of customers. https://bridging-the-gap.me/2013/06/03/designing-the-business-around-the-experience/
Senior Manager at Deloitte Consulting
11 年Great