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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 technology, with companies increasingly offering a wide range of services within one app, like food delivery, travel booking, and entertainment. They see this as a solution to the declining app download rates and increasing mobile phone usage.

Super Apps
Mobile Technology

  • Super apps, where companies combine various services within one platform, are becoming increasingly popular, particularly in China, where services like Meituan are offering everything from food delivery to hotel bookings.
  • The super app trend is a response to the declining number of app downloads and the increasing time spent on mobile phones. Super apps allow users to access a variety of services without needing to download multiple apps.

Insights from the YouTube Video Text:

1. The Rise of Super Apps: A New Era of Digital Consumption?

This text highlights the emerging trend of "super apps" as a solution to the declining app downloads and increased mobile phone usage. The example of Meituan, a food delivery app expanding into booking hotels and other services, demonstrates how super apps can leverage existing user bases to create new revenue streams and dominate market share. This suggests a shift in user behavior, where consumers are increasingly relying on a single platform for multiple needs, leading to a potential consolidation of services within these super apps.

2. The "Everything Becomes Commerce" Phenomenon: Monetizing Entertainment

The text points to

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