"Controlling My Data Should Be a Fundamental Human Right"

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"Controlling my data will be a fundamental human right in the 2050's" Phillip and Brian recap Future Stores Miami and get deep into futurism on what the future of humanity and commerce looks like as we evolve from Homo Erectus, to Homo Sapien and finally to Homo Deus.

Main Takeaways:

  • Future Commerce was at Future Stores Miami last week, and the content was crazy good.

  • Stance is allowing customers all the benefits of shopping in-store, with all the convenience of checking out online.

  • The new wave of clienteling has brands building relationships on the customer's terms.

  • Will consumers be able to control who can use and abuse their data?

In-Store Shopping & Online Checkout: An Omnichannel Marriage of Convenience:

Modern Clientelling: Building Better Relationships With Customers:

  • One of the best parts of Future Stores was the focus on Clientelling, which is one of the themes of 2019.

  • How can a brand engage with their customers, in a way that is both engaging and tailored to a customer's individual preferences?

  • Swarovski is trying new things and taking some risks in its retail stores, with their Sparkle Bar which allows for customers to engage with the products without a sales associate.

  • And it seems that the benefits of this risky business have paid off: Swarovski is seeing purchases at higher price points, more brand engagement by customers, and customers are spending more time in Swarovski stores.

  • Another brand trying to understand it's customers better is Kohls, who's VP of Technology Shweta Bhatia, explained two buyer personas: A customer who picks up a black basket would be a customer who wants to be left alone as they shop, and a customer who picks up a red basket who want a sales associate to engage with them.

  • It really is all about letting a customer have the experience they want.

With Great Power Comes Great Responsibility: Brands Try Not to Be Creepy With Tech:

Is Data Ownership The Human Right's Issue of 2050?

  • Data is being collected from everyone, pretty much all the time, but who has access to that data, and how will they use it?

  • In 2018 Benedict Evans said that the term "personal data" doesn't mean anything, and really isn't quantifiable anyway.

  • Brian says that that people are going to have to learn how to manage their data, and will have to pick and choose who can use that information and for what purpose.

  • Phillip recommends the book Homo Deus by Yuval Noah Harrar, which asks the question of what humans have evolved to become after overcoming wars and destruction and disease?

  • And lends another question, what will commerce look like when humans live to 100 or 250 years old?

Go over to Futurecommerce.fm and give us your feedback! We love to hear from our listeners!

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