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Four Trends in Consumer Tech

a16z

105.2K Views . 2020-01-23

Now that mobile has finished taking over the world and it seems like everyone has a Facebook, Gmail, Instagram, and Uber account, is consumer tech over? Despite the sometimes gloomy headlines, there’s a lot of innovation brewing just below the surface. From the rise of “super-apps” to the implications of video apps like TikTok, Connie Chan will take us on a whirlwind tour on where consumer tech is headed. Highlights The 4 consumer trends to keep an eye on [0:33] Defining the Super App concept and how it’s executed [1:33] Exploring the concept of SuperApp through the use case of Mietuan in China [2:25] Outlining your Super App Strategy [4:20] Data assets: How to discover yours using Spotify as a case study [5:00] How our video apps will become product integrated commerce centers [6:24] Exploring the new “farm to table” model enabled by short video apps [6:56] Augmented reality: how tech integrates into our physical world [8:30] Current examples of how facial recognition is being used in business today [9:10] How “Earshare” is the new “Mindshare” and what it means for businesses and marketers [10:16] The Knowable app as an example of audio-first business strategy [12:02] How we bring offline models of business to digital technologies [14:35] Pull Quotes “You see, super apps are here to stay and the big internet giants in the States already get it. This trend is coming from East to West. So, what does that mean for all of us here?” “The offline world always understood how to think in a customer-centric way, as opposed to a product-centric way. That's why you buy magazines at the grocery store.” “We're gonna see more tech and software permeate our physical worlds. And we're all going to start figuring out that super apps means we need to work together.”

The speaker believes that super apps are the future of consumer tech, as they offer a variety of services and drive revenue through low acquisition costs. Super apps like Meituan are leveraging their existing user base to provide a range of services like food delivery, hotel bookings, and bike sharing.

Super Apps
Meituan
China
Revenue Streams

  • Super apps are becoming increasingly popular and will be a significant trend in the future, especially with mobile phone usage surpassing TV viewing.
  • Super apps, such as Meituan, provide users with a wide range of services beyond their core offering, leveraging customer data to generate new revenue streams.

Insights from the YouTube Video Text:

1. The Rise of Super Apps: A Solution to App Fatigue?

This text highlights the growing trend of "super apps" - all-in-one platforms offering a wide range of services. The speaker argues that super apps are the answer to the challenges of app fatigue and the declining number of app downloads. They provide a single platform for multiple needs, reducing the need for users to download and manage numerous individual apps.

2. The "East to West" Trend of Super Apps:

The speaker emphasizes the "east to west" trend, suggesting that super apps originated in Asia (specifically referencing WeChat and Meituan) and are now gaining traction in the western market

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