Slide 1 – Title Page
Hi I’m Greg Rees, I’m here to today to tell you a bit about
the impact the internet has had on our lives and how it has affected us as
Consumers.
Slide 2- Introduction
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History of internet (Jefferon Online, 2016) |
As you can see from the slide, we’ve come a long way since
the internet went public 30 years ago, and is now an important part of our
everyday life.
Slide 3 – Access to
the internet – Internet Usage
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But it’s not just that access is more widespread, the
download speed has improved rapidly. Now, since the pandemic we can expect to
see a lot more investment in fibre optic installation due to more people
needing a higher upload speed, which we can see here in brackets.
So let’s see now how the internet has affected 2 of the
global economic powers:
Slide 4- Access to
the internet – Economic Powers
In both the United States and China countries internet use
is widespread and having a mobile internet connection appears to be the biggest
factor in if people go online.
So how does this compare with the rest of the world?
Slide 5- Digital
Devices
So lets take a look how people spend their time online?
Slide 6- Digital
Devices – How do users spend their time?
According to study carried out by DataReportal.com, It is
not surprising that people use the internet for finding information and
communication. When you think that finding information can also include News
& Events, Instructions and researching a product it is evident that the
internet is predominantly used as an information source which people are able
to access anytime and place through their phones.
One of the key areas has been looking information for buying
products.
Slide 7- How
customers search for information?
According to Statista in 2021, Search Engines were the most
popular way to search for products, and it will be no surprise to hear that
GOOGLE is the top engine globally.
The use of apps is
increasing and companies are utilsing them a lot more. Smartphone usage statistics show that
in 2020, the most used shopping app by daily active users was Amazon.
So lets UK to a look at the UKs online shopping habits? 7
Slide 8 – What do
customers buy?
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Graph showing what people in the UK spend money on (Statista, 2021) |
A study by Charged Retail identified UK shoppers as spending more money online than any other country in the world, on average $4516 (£3250.1) per person in 2020, nearly double China’s spend.
One of the factors which had a big impact on people
purchasing online was the Covid pandemic, this especially increased and takeout
and food ordered online.
But what are the major factors which are pushing people to
buy online?
Slide 9 - Why are
customers buying online?
One thing attracting people is variety and options, either
through the product or payment options. This is also an area where mobile
phones have an impact, as customers are able to buy there and then with 1 click
of the button.
This change in purchasing habits has led to companies
investing more in online advertising. One of the key areas to develop from this
is the use of online videos.
Slide 10 - Most Popular
Streaming Platforms
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Most Popular Streaming Platforms (BroadbandSearch.com, 2022) |
This
again points towards not just developments in the internet but the digital
devices which support the content being streamed across the platforms.
Slide
11 - Most Popular Social Media platform
Social platforms are important for companies to promote
their products and also for customers to research before making a purchase.
Google reports that more than 80% of customers conduct their research online
through social platforms and review sites before making a purchase decision.
Slide 12 - Trends
As discussed the key driver in internet usage is the use of
mobile phones. The fact that our smartphones go everywhere with us has opened a
new market for location-triggered buying experiences.
Slide 13 - Covid &
Pandemic
Slide 14 - Future
Trends
Impact of Pandemic on US ecommerce (DigitalCommerce360, 2022) |
Businesses will also look to retain customers more than ever
by building community through shared identity, rituals and traditions. The aim
is for fellow supporters to form deep and lasting connections with one another.
Again this is something that will rely on the continued use
of mobile digital devices to read and share experiences and thoughts in real
time.
Slide 15
The internet has fundamentally
changed how people live their lives and usage is only going to increase as more
people start accessing it on mobile devices with connection speeds getting
faster. Businesses are now looking to use the internet to add to the customers
experience through improving service and personalising the experience to add
value to the brand.
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