Foretelling The Future of Commerce In 10 Years Time

http://lastdropofink.co.uk/business-consultation/foretelling-the-future-of-co...

Below are 10 of my personal expectations for commerce, for 10 years time:

- 50% of all transactions will be online
The vast majority of western consumers will have a mobile device that allows them to surf the internet, as such they will hold 50% of the marketplace for all transactions involving goods & services.

- Mobile will dominate
The mobile networks will have rolled out 4, the Internet (especially mobile) will become ultra rich in both written & video content. Mobile devices from one or more of the above will be huge players in this.

- Augmented reality will rock
Augmented reality applications will be real & widely used, especially in gaming. Internet gaming is fun and we'll see more games like the ones laid out here but augmented reality will become common place for transactional sales. Imagine pointing your phone at a shop and seeing the entire contents in the device before you even enter.

- Gestures will be common place
Gestures to mobile devices will be a reality. Think a cut-down version of kinetic from the XBox. The device will recognise the user and respond to not only voice commands that we already have, but gestures of intent too.

- Shock-Horror the desktop will survive
Consumers will still be using desktop & laptop computers. I mention in the video that cloud computing does not have the grit to do so, this is actually incorrect you can do this via cloud computing, however even in 10 years time, product manufacturers (like Sony or Dell) will still be making the traditional desktop or laptop computer.

- The 1st new marketplace
There will a two new formidable marketplaces, the first will come from the growth of Alibaba and the trade direct from Eastern counties, because of the cost advantage will be hard to beat locally.

- The 2nd new marketplace
The second will come from software providers that already hold the keys to numerous merchants and platforms. If the data held was combined into a single marketplace and solving the other fundamental obstacle of "eye balls" (getting people to view the items/site) then this could be a huge contender, as its the re-manipulation of existing data from existing merchants.

- Same day delivery will be available for £1.00
Same day delivery will be inexpensive & widely used (we're already seeing this with food providers, Eatsy & Just Eat). Think a a mobile version of a highstreet, where instead of going into store, the store will be online and that item you like, will be with you in 30 minutes at your door. Convenience on steroids.

- The high-street will still exist
High-street retailers will still exist, but will be more dynamic & responsive to customers requirements virtually. Interrogative means, such as video to view the products will be widely spread and leveraging the above factor in competition with the online marketplaces, speed of delivery will become a huge factor for them (think of a large food retailer with same day delivery in London) because there will always be a desire for a product or service "now" (or in 30 minutes).

- The Revolt
There will be a revolt against eCommerce and companies that leverage this into a face-to-face commerce situations, such as farmer's markets will have an amazing time (and highly profitable) with this. People will start to demand a closer, more personal relationship with their suppliers and face-to-face will always rock.

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Howto & Style

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• ecommerce
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• prediction