What the latest AMP Capital Recommended Retail Practice findings reveal about the future of Australian Retail marketing.
Digital may continue to reign supreme, but AMP Capital’s 2017 Recommended Retail Practice report sheds light on some interesting revelations when it comes to the in-store shopping habits of Australians—specifically, Gen Z’s.
Let’s talk about Alphabet! No not the one you sang as a kid watching Sesame Street, we’re talking about Google’s boss. Google was apparently never intended to evolve into the enormity of a conglomerate it became. So now Alphabet is a conglomerate and Google is its subsidiary. Let’s take a look at Alphabet’s subsidiaries.
The so-called ‘art of the sale’ and the knowledge that comes with it is has for a long time been a key identifier to successful businesses and entrepreneurs. Truthfully, selling is not an art but a skill that anyone can learn. What separates the great from the good is a person’s ability to be a master at the skill, rather than merely competent. It’s drive and determination, it’s a thirst to never give up and to find and use resources when others believe there are none. Now that selling, advertising and marketing take place on so many mediums; face-to-face, over the phone, video chat, webinars, display advertising, social media, search engines… there really is no excuse for not using what is available to you.
I started doing my Christmas shopping research in September this year – yep, September. Maybe you think I’m crazy, but I can tell you what, I now know what I am going to purchase each family member and all my friends for Christmas this year, and I have already bought some of them; online and offline. I haven’t even put my Christmas tree up yet, but boy do I feel organised! I’m not alone either. Google have reported in their ‘Ready to Rock 2015 Retail Recap’ Google Partner document that more and more consumers are doing holiday shopping research as early as August (yes, I pretty well fit in this group). If your business was on the ball, then I could very well have purchased, or will soon purchase, something from you. If not, well…
Computers are learning, and learning fast. The idea that computers can be taught something, and can even teach themselves, is nothing new. Arthur Samuel famously taught a computer to learn how to not only play but beat him at checkers. The machine went on to beat an American state champion. Computer learning is all around us; simply look at Google’s self-driving cars which have managed to self-drive over 1 million miles. So when a computer learns to do something that we cannot do, or it learns to do something better than humans can, what do we call this? This is Artificial Intelligence (A.I.).