“There’s an app for that.â€ That phrase has become shorthand for our current reality. These days, consumers depend on their mobile devices for everything from reviews to price comparisons. And this trend is growing:Â according to Pew Research, 74% of adult smartphone owners use their phone to get directions or other information based on their current location, a boon for savvy retailersÂ whoÂ are finding an effective app is the best way to engage with customers and prospects.
- Consumers’ demand for immediate gratification is growing. Successful appsÂ streamline the buying process. For instance, smartphone users can “push for pizzaâ€ to order directly from the nearest pizzeria, instantly summon an Uber car, or use Zeel to book a same-day in-home massage. The trend is towards eliminating all possible sources of friction between the consumer and what he or she wants (hence, the rise of wearables and smart watches, which help people connect with technology and get that immediate gratification without even using a device).
- Bluetooth low energy (BLE) technology is becoming more popular and affordable.Â BI Intelligence estimates that 570 million Android and Apple phones, roughly one-third, are compatible with BLE, the signal emitted by beacons to pingÂ smartphone apps. In the same report, BI Intelligence found that these devices are the fastest-growing in-store technology since mobile credit card readers—and growth is projected to be huge. They predict the beacon-installed base will see triple-digit growth rates over the next few years. This technology makes it possible for phones to connect with nearby devices without draining their batteries, allowing the phones’ tracking technology to be used to trigger actions based on the user’s proximity to a certain device or location.
TonyÂ Scherba is the President and Founder of Yeti, a product focused development and design studio in San Francisco. Yeti works with companies from large enterprises to startups on building innovative products that blend the physical and digital world.
BusinessCollective, launched in partnership with Citi, is a virtual mentorship program powered by North America’s most ambitious young thought leaders, entrepreneurs, executives and small business owners.