And it's not just Amazon. Ecommerce is continuing to be transformed from giants like Alibaba to startups like Partpic.
4. Brand Personalization
Personalization is everything. The ExactTarget Marketing Cloud's recent Predictive Intelligence Benchmark Report found there is a 12-25% increase in sales if the transactional message includes personalized product recommendations.
5. Collaborative Economy
The collaborative is defined as, "An economic model where creation, ownership, and access are shared between people and corporations." Brands like Airbnb, Uber, Lyft, TaskRabbit, LendingClub, and many others have introduced a whole new economic model that has major implications for how consumers are interacting with each other.
The collaborative economy is a collaboration between products, ideas, and people and is just another step in the social revolution.
6. Social Intelligence
Social media has grown a lot over the past few years. We have gone from a handful of use cases and strategies to a new concept of social intelligence based on numerous key aspects of social media ranging from tactical to strategic value.
The main issue now, though, is that organizations don’t know how to build out groups to manage “digital.” When empowering the new collaborative company, it’s about embedding social media cross the fabric of the organization. You have to ask yourself, "How do we make one department’s outputs another department’s inputs?" This is where the true value and efficiency comes with social media.
7. Humanizing Automation
Kyle finished his seven trends with "humanizing automation." Automating the customer journey is a vital goal for most marketers. The challenge comes when you try to keep the human element to the customer journey while still maximizing efficiencies using automation. To do this, you need to be sure you're making data-based decision.
The key is that data equals relevance and experience equals relevance. With trends, data is where you start and experience is where you end. {Tweet This}
David Walmsley, Head of Multichannel at Marks & Spencer, says, "We must move from numbers keeping score to numbers that drive better actions."
You can view Kyle's full presentation below and you can see all the Connections 2014 breakout session presentations here.