27 facts on the future of business in a digital marketplace
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Understand how the forces of technology and innovation brought on by the digital, social and mobile web are disrupting existing business models. In this presentation we have gathered 27 facts that represent the changes taking place today, with your customers, in the digital marketplace. Each fact represents an important insight and suggests where to focus to ensure business success in the digital world. Talk to App Consultants about implementing digital solutions that deliver a positive return on investment for your business: Visit our website at http://AppConsultants.com.auTRANSCRIPT
By the end of 2013, there will be more mobile-connected devices than there are people on earth.
Source: Cisco 2013
Typical mobile users check their phone 150 times per day.
Source: Mary Meeker's Internet Trends, 2013
Content on the internet tripled between 2010 and 2013.
Source: GoGlobe & Qmee
The amount of data stored is doubling every 18 months.
Source: IDC, Aberdeen
90% of all internet traffic in 2017 will be video.
Source: Cisco
YouTube uploads are growing exponentially from 40 hours per 60 seconds in 2011, to 100 hours in 2013.
Source: Google
Newspapers have lost $40 Billion in advertising revenue since 2000.
Source: Newspaper Association of America
Mobile traffic as a percent of internet traffic is growing 1.5x per year (now still only 15%).
Source: Mary Meeker's Internet Trends, 2013
80% of data used on mobile devices is received via WiFi connections to fixed networks.
Source: OECD Communications Outlook, 2013
80% of the top Global Internet sites are US-based while devices 81% of the Global Internet population is non-US.
Source: Mary Meeker's Internet Trends, 2013
GPS provider TomTom adds five billion measurement points every day.
Source: OECD “Exploring Data Driven Innovation”, 2013
Tablet growth is more rapid than smartphones.(3x iPhone growth)
Source: Mary Meeker's Internet Trends, 2013
The next wave of computing is "wearables" (or "drivables", "flyables", "scannables").
Source: Mary Meeker's Internet Trends, 2013
In 2010, Hans Vestberg, CEO of Ericsson, predicted that by 2020, 50 billion devices would be connected to the internet.
Source: GIGAom, 2013
By 2017, there will be close to $11 Billion in revenue from 35-million homes using home automation platforms across the globe.
Source: GIGAom, 2013
Only 7% of Gen Y works for a Fortune 500 company as start-ups dominate the workforce for this demographic.
Source: Future of Business 2013
Millennials watch TV with 2 or more electrical devices.
Source: Future of Business, 2013
Millennials are 3 times as likely to follow brands over a family member on social networks.
Source: Future of Business 2013
73% of people surveyed wouldn't care if the brands they use disappeared from their life.
Source: Co.Exist
The number of sources of content consumed by a shopper in a purchase doubled from 2010 to 2011 going from 5 to 10 pieces of content consumed.
Source: Mary Meeker's Internet Trends, 2013
Social media sharing has doubled between 2011 and 2013, with Snapchat taking a large share after only 1 year.
Source: KPCB
Companies are much less likely to do e-sales than e-purchases. The percentage of businesses making sales online is lower than 20% in most countries.
Source: OECD "Electronic and Mobile Commerce", 2013
66% of Millennials will look up a store if they see a friend check-in.
Source: Future of Business, 2013
Millennials believe that other consumers care more about their shopping experiences than companies do - that's why they share their opinions online.
Source: OECD "Electronic and Mobile Commerce", 2013
Peer recommendations drive sales. 70% of consumers said they were influenced by a friend or family member's online recommendation, beating out in-person recommendation (61%), online articles (59%), ads (49%), or someone they follow online but don't know (32%).
Source: Future of Business, 2013
70% of buying experiences are based on how the customer feels he or she is being treated.
Source: McKinsey
42% of global marketers say acquiring new customers is one of the top three marketing challenges facing their organisation.
Source: IBM