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Beauty and Technology of Digital Landscape

In the ever-evolving realm of beauty, technological advancements have become instrumental in reshaping and revolutionizing the industry. The integration of technology into beauty, often termed "beauty tech," has led to groundbreaking innovations that cater to consumer needs and preferences in unparalleled ways. From augmented reality (AR) makeup trials to personalized skincare routines driven by AI algorithms, the fusion of beauty and technology of digital landscape has not only enhanced product offerings but has also transformed the overall consumer experience. One of the most significant contributions of technology to the beauty industry lies in the realm of augmented reality. AR has paved the way for virtual try-on experiences, allowing consumers to experiment with various makeup products without physically applying them. Through specialized applications and platforms, users can virtually test different shades of lipstick eyeshadow, or even experiment with complex makeu...

Big Data and e-commerce

Big data

The Big Data still emerging technology with more presence in the business sphere, although its vocation is reoriented technological tool support to pass regarded as a key technological knowledge for the development and competitiveness of business.

Not surprisingly, IDC78 expects companies to increase investment in this item by 30% in 2015 (estimated at $ 14 trillion).

Specifically, two streams are distinguished at the core of Big Data:

1.            On the one hand, it is pointed out that the potential added value of this technology is based on the application of algorithms ( machine learning , algorithms that allow machines to learn from the data they process and generate more information from these without having to be scheduled). This computation allows not only to analyze and process large volumes of data but also to predict and anticipate user needs and suggest personalized information in real time that may be of interest to them (think for example in areas such as electronic commerce or search engines. At the same time, the profile of the Chief Data Officer is beginning to be seen , a figure on which the strategic direction and data management of organizations rests.Gartner , one hundred large companies have already incorporated this figure into their organizational structure (double that of the previous year), and estimates that by 2015 25% of large corporations will have these professionals.

2.            On the other hand, according to Juniper, the strong point of Big Data will be its application in the field of mobility. In this sense, its exploitation on mobile devices will provide them with added functionalities, giving rise to companies having new ways of approaching consumers.

E-commerce

The most important trends related to electronic trading are selected in an environment contextualized by the new dimensions of conceiving user purchases:

1.            Mobile Commerce . Increase in sales through mobile devices. An escalation of order traffic through these channels is expected, derived from the uptake of mobile devices. Virtual stores must be properly displayed on all devices. Consequently, a growing number of badges are expected to launch new web portals and applications specifically tailored to the screens of each of the devices.

2.            Marketplace . The virtual store itself is no longer enough and companies will have to sell on the electronic trading mediation platforms where consumers are present. In this sense, it is predicted that brands will turn to marketplaces to extend their online presence and boost their sales.

3.            Social Commerce . The popularity of social networks is changing users' information search patterns. Not surprisingly, more and more online shoppers are using their accounts to search for information about a product and service and to consult the opinion of other consumers. According to Roca Salvatella , the growth experienced by search traffic corresponding to the five main social networks is 111%. Companies are not unaware of this trend: they no longer only conceive social networks as a key tool to boost their online sales, but they will also incorporate them as their own sales channel (especially for the launch of special offers and promotions).

4.            Social login . It is a new authentication and authorization system that allows the user to use their access data to their social network and their profile information to identify themselves and access the website of a third party without the need to create a new account (without prejudice to the fact that the web portal prompts you for an additional information field). The functionality of the social login displays all its positive effects in electronic commerce, ostensibly improving the consumer's shopping experience on a web page, by eliminating the obligation to register to be able to make the purchase (for example, from an online store you only have to press the icon of the social network you want to use to load your profile data). According to Monetate, 40% of consumers prefer to use a social login to create a new account.

5.            Merger of the offline and online channel . Mobility, social networks and new technologies have made the purchasing process more complex. In this sense, consumer patterns adopt new formulas. For example, an emerging nucleus of those who buy in the virtual store and pick it up in the physical store is appearing. Alternatively, there is the inverse phenomenon represented by the rise of showrooming : consumers go to the physical store to see and try the product to buy it later on the Internet at the price they find cheaper. Consequently, companies will tend to integrate their commercial strategies derived from the coexistence of the physical store and the online channel, which will have to complement each other.

 

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