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Four Trends in Consumer Tech

a16z

105.6K 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 discusses the trend of "super apps" in the digital world, explaining how they are becoming more prevalent and offer a solution to issues surrounding app downloads and mobile browser usage. Super apps are apps that provide a variety of services beyond their initial purpose, such as food delivery apps expanding into hotel bookings.

Super apps
App downloads
Mobile browser usage
Digital trends

  • Super apps are becoming increasingly popular, especially in the East, and will continue to grow in the West.
  • Super apps, like Meituan, use their existing customer base and platform to expand into new revenue streams by offering additional services, such as hotel bookings, bike sharing, and entertainment tickets.

Insights from the YouTube Video Transcript:

1. The Rise of Super Apps: A Response to App Fatigue and Changing Consumer Behavior

This video transcript suggests that the rise of super apps is not just a trend, but a necessary evolution in the digital landscape. The reasons? Users are increasingly spending more time on their phones than watching TV, but are downloading fewer apps. This suggests that people are seeking consolidated experiences rather than a plethora of individual apps. Super apps offer this consolidation by combining various services into one platform, providing convenience and reducing app fatigue.

2. Super Apps: A New Model for Revenue Generation

The transcript highlights the case of Meituan, a food delivery app that transformed into a super app by adding

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