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In The Age Of Consumer Empowerment MIEL VAN OPSTAL | 2016, MAY 20 FUTURE OF RETAIL & CONSUMER BEHAVIOUR

The Future of Retail & Consumer Behaviour

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Page 1: The Future of Retail & Consumer Behaviour

In The Age Of Consumer Empowerment

MIEL VAN OPSTAL | 2016, MAY 20 FUTURE OF RETAIL & CONSUMER BEHAVIOUR

Page 2: The Future of Retail & Consumer Behaviour

MANAGING THE FUTURE EXPECTATIONS OF THE HYPER-CONNECTEDCONSUMER

Page 3: The Future of Retail & Consumer Behaviour

WE LIVEIN

DIGITAL TIMES

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WE ARE ARCHITECTS OF OUR OWN DEMISE …and it will push us towards our survival

TOOLS DON’T CREATE ACTION,CLEAR STRATEGY AND EFFECTIVE

CONSUMER ENGAGEMENT DO

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BRAND EXPERIENCEIS MORE IMPORTANT

THAN PRODUCTS

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PERSONAL SERVICE SUPPLY, TALKINGTO AND REASONING WITH PEOPLECAN AND WILL BE PROGRAMMED

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Virtual Agents, Video Concierge ServicesIntelligent Interactive (POS) Connected Displays Smart Display Streaming NetworksUniversal Language - & Voice Recognition TechnologiesDeep Learning & Artificial Intelligence

THE ALWAYS-ON, INSTANTLY TAILORED ANDHYPER-PERSONAL CONCIERGE SERVICE

IS THE ULTIMATE PERSONAL CONNECTION

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source

CONCIERGE SERVICESARE THE NEXT BIG THING

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source

VIRTUAL SERVICES GOOGLE NOW AND AMAZON ALEXA

ARE CLOSER THAN YOU THINK

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viv.ai

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HONEST IMMERSIVE BRANDEXPERIENCES WILL CREATE

MORE PROFOUND CONNECTIONS

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AMAZON ECHOIS A VIRTUAL CONCIERGE

READY FOR E-COMMERCE

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EXPECT DASH BUTTONS TO BE BUILT DIRECTLYINTO BRANDS’ OWN HARDWARE.

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CONNECTED DEVICES GIVEUS CUSTOMIZING POWERSOVER SMALL DETAILS IN OUR DAILY LIVES.

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BAIDU’S SMART CHOPSTICKS, ALSO KNOWN AS KUAISOU IN CHINESE,CAN MEASURE THE FRESHNESS OF COOKING OIL,

pH LEVELS, TEMPERATURE AND CALORIES,AND EVEN FRUIT SWEETNESS WITH VARIETY AND ORIGIN DATA

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THE AMOUNT OF HYPER-PERSONALDATA PRODUCED BY CONSUMERSIS UNPRECEDENTED AND IMMENSE

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A SENSORWAKE ALARM CLOCK CAN LITERALLY WAKE YOU UP WITH THE SMELL OF FRESH COFFEE. (BACKED BY GIVAUDAN)

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source: linkedin / gaping void

WE PAY A LOT FORA FEW SECONDS

OF ATTENTION

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With each email, we’re asking people to commit a measure of their time, and we try to be respectful of that.Fabio Carneiro, MailChimp

source

WE’VE REACHED THE PEAKOF CONTENT MARKETING AND

ONLINE ADVERTISING

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source

INVENTIVE COMMERCIALIZEDLEAN & AGILE NICHE SERVICES

CAPITALIZE ON SYSTEM GLITCHES

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MOTIVATED CONSUMERS ACTIVELY HELP IMPROVE

YOUR BUSINESS PROCESSES

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The customer journey decentralizes, becoming a series of non-linear mobile-centric micro-moments, mimicking everyday consumer activity and communication.

To reach mobile customers in each moment of truth requires new methodologies for search, advertising, content engagement, sales and support.

HYPERLOCAL CONTEXTUAL AND CONVERSATIONAL CONTENT WITH LIVE SUPPORT AND CONSUMER JOURNEY GUIDANCE, TOCREATE EXPERIENCES TO PURSUE CONVERSION AND ESTABLISH

A SINCERE AND STRONG EMOTIONAL BRAND CONNECTION

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THE ON-DEMAND ECONOMY WAS INITIATED BY AMOBILE FIRST APPROACH

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Source: http://www.gauc.be/news/detail/cross-device-tracking-with-a-user-id

MULTIPLE POCsCONTEXTUAL

MICRO MOMENTS

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IT’S A CONDITIONIT’S FOMO

IT’S OPPORTUNITY

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Retail beacons have huge potential, but it can only be met when chains move beyond seeing beacons solely as tiny ad broadcasters

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Attract Convert Deliver Upsell ReferralEngage Nurture

Shift in consumer behavior

Problem? Options? Evaluate Choose/Buy Experience Complete Recommend

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Attract Convert Deliver Upsell ReferralEngage Nurture

Shift in consumer behavior

Problem? Options? Evaluate Choose/Buy Experience Complete Recommend

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Shift in paid discovery

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The retailers who can compete are those which can create value by reducing the stress of the shopping mission.

— Steve Mader, Vice President – Digital & Retail Insights at Kantar Retail

FRICTION REDUCTIONIN EVERY STEP OF THECUSTOMER JOURNEY

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THERE IS A NEED FOR A UNIVERSAL, PORTABLE, CONNECTED CONSUMER PROFILETHERE IS AN OPPORTUNITY TO OWN THE SPACE BETWEEN BRANDS AND CONSUMERS

TO FACILITATE THE IN-APP CONNECTION, ANALYZE AND COLLECT CONSUMER DATATO OWN THE PLATFORM THAT DISTRIBUTES TAILORED RELEVANT INFORMATION

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• Take-Aways for Today

• Collecting and processing real-time analytics • Owning the buffer zone between brands and customers• Responsive customer - & conversion journeys• Intelligent Data Management, Smart Data Collection • Inbound marketing strategies• From omni-channel to right-channel

• B2B, B2C, C2B & O2O

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http://www.nytimes.com/2015/09/02/technology/personaltech/google-says-its-not-the-driverless-cars-fault-its-other-drivers.html?_r=0

HUMANS ARE THE

WEAKEST LINK

Page 49: The Future of Retail & Consumer Behaviour

linkedin.com/in/mielvo

@coolz0r

+32 472 675 692

[email protected]

MIEL VAN OPSTAL

Much obliged!