Technology is headlining so much of the evolution we are seeing in business, but for the consumer, digital has changed things even more drastically. Our phone is the passport to almost everything, yet even this device will disappear into our clothing and our cars as technologies such as Microsoft’s PixelSense come to the fore.
The phone is not just what keeps us in touch, it gives us the truth. Advertisers can no longer hide. Just a few years ago, the only way to differentiate between brands of television, sportswear or fast-moving consumer goods was to fall for the adverts coming at us from all angles (and I do like ‘Mad Men’). Today, you get the real views of millions of people and the opinions of those closest to you by turning to one of the social tools on your handheld. A recent survey said that 14% of customers trust advertisers, whereas 78% trust their peer reviews – which is why TripAdvisor, Hotels.com, Amazon and eBay are so powerful. The meaningful data that we can access at the touch of a button means a product whose message is overhyped can be exposed within moments and ridiculed to a joke in an afternoon in tweetland.
