FROM CONSUMER TRENDS
TO CORPORATE INNOVATION
AM I G O S U M M I T
T E L K O M , J AK AR TA
1 9 M AR C H 2 0 1 9
Nathania Christy, TrendWatching
Digital transformation is the shiny new object.
Indonesia is ranked 85th
in the 2018’s Global
Innovation Index.
BUSINESS TODAY…!?
DIGITAL DISRUPTORS?
Netflix did not kill Blockbuster.
Ridiculous late fees did.
Uber did not kill the taxi business.
Limited access and fare control did.
Spotify did not kill the music industry.
Being forced to buy full-length albums did.
Amazon did not kill other retailers.
Poor customer service and experience did.
Airbnb isn’t killing the hotel industry.
Not being able to personalize your experience did.
Technology in itself is not the
disruptor. Not being customer-centric
is the biggest threat to any business.
- Alberto Brea, Head of Customer Engagement at Ogilvy
“
Corporate
workshops and
keynotes on trends
& innovation.
Premium online
platform with 100+
trends and 20,000+
innovations.
Powered by our
global community:
TrendWatching’s
Insight Network.
All based on our
Trend-Driven
Innovation
methodology.
What do we mean by trends?
NOT FASHION!
MORE THAN TECH!
NOT WHAT’S #TRENDING
A new manifestation among
people – in behavior, attitude, or
expectation – of a core human
need or desire.
Why should you track trends?
You are either a Day 1 or a Day 2company.
There are many ways to center a business.
You can be competitor focused, product
focused, technology focused, business
model focused, and more. But in my view,
obsessive customer focus is by far the most
protective of Day 1 vitality.
“
The big advantage: customers are
always beautifully dissatisfied, even when
they report being happy and business is
great. Even when they don’t yet know it,
customers want something better, and
your desire to delight customers will drive
you to invent on their behalf.
“
What will my customers want next?
We don’t ask consumers anything.
Trends emerge as innovators
address people’s basic needs
and wants in novel ways.
CHANGE
BASIC NEEDS
INNOVATIONS
EMERGING EXPECTATION
You compete in
an Expectation
Economy.
Disruptive brands are those that are
changing the very nature of
consumers as human beings, raising
our expectations and changing our
behaviours.
- Ian McCaig, Co-founder Qubit, Ex-Google
“
Tracking trends will help you
meet and surpass consumers
rapidly changing expectations.
BASIC NEEDSDRIVERS
OF CHANGE
INNOVATIONS
THE
SWEET
SPOTNOVELTIES
MORE OF
THE SAME
EXPECTATION
GAPS
BASIC NEEDS > TECH
EntertainmentSelf-
Improvement
Relevance Connection
LAB RATS
SENSING
SPACES
FANTASY
IN REAL LIFE
VIRTUAL
COMPANION
Lightbulb Moment
A moment to stop and think.
Self-improvement
Wellness remains one of the
world’s biggest and fast-growing
industries and is now worth $4.2
trillion globally.
Euromonitor,
September 2018
ENDLESS CHOICE
Goat yoga.
Cat yoga.
Wakanda yoga.
Beer yoga.
Weed yoga.
Cosplay yoga.
Naked yoga.
Helicopter yoga.
Goat yoga.
Cat yoga.
Wakanda yoga.
Beer yoga.
Weed yoga.
Cosplay yoga.
Naked yoga.
Helicopter yoga.
It’s been done!
58% of Indonesian households
own smartphones in 2018, and
this figure will grow to 78% by
2020.
Euromonitor,
September 2018
ENDLESS METRICS
SCREENTIME SHAME
ENGINEERING FOR EDGE
In 2019, self-improvement obsessed
consumers will embrace an extreme test and
fix approach to get an optimum experience.
LAB RATS
MILD HEART
ATTACK
FALL
ASLEEP
New drink brings
micro-dosing culture
to caffeine
TEMPO
MICRODOSING
Jetlag tackled via
personal data and
precise algorithm
TIMESHIFTER
PRECISION
DNA...
TODAY...!
Food giant trialing
$600 per year DNA-
personalized
supplements
GENETICS
NESTLÉ
Middle-class Indonesians splurge
on luxury items when their
incomes exceed 5 million rupiah
($375) a month.
Deloitte, 2015
Bank launches
customizable
automatic saving
feature
ING
HABITS
FRINGE?
FRINGE?
LAB RATSHow will you meet the escalating
demand for personalized, experimental
and measured self-improvement?
73% of consumers say that no
retailer or service provider has
ever communicated with them in a
way that felt too personalized.
Accenture,
May 2018
SEGMENT OF ONE
Relevance
Expectations created onlineare taken into the real world.
Consumers demand emerging technologies to be
put to use to create smart physical spaces that
can deliver truly personalized experiences.
SENSING SPACES
Flagship store
utilizes Alibaba’s
‘New Retail’
technology
INTERSPORT
C-COMMERCE
DYSTOPIAN?
PRIVACY PARADOX
New concept store
is shaped by local
NikePlus member
data
NIKE BY
MELROSE
COMMUNITY
AI camera spots
people who defy
fashion trends
NEW
BALANCE
STATUS
Adidas delivers
30,000 personal
videos for
marathoners
ADIDAS
MEANINGFUL
SENSING SPACESHow can you make physical spaces
and experiences more reactive and
relevant to people?
Entertainment
46% of the content
consumed by Indonesians
are entertainment and
sports.
UC News Lab,
September 2018
AR YOU READY?
USD 2.4 BILLION IN 2018
Fortnite broke into the real world.
Brands broke into the Fortnite world.
Boundaries between real and imagined
worlds are fading and 2019 consumers will
seek deeper engagement.
FANTASY IRL
USD 4 BILLION COMPANY
United Nations
develops mobile AR
game for tourists to
foster sustainable
and responsible
tourism
NIANTIC AND
UNWTO
Single-person households grew
8 times between 1985-2015 and
will become the most common
structure in South Korea by
2035.
KIHSA, February 2016
VR app lets users
consume
entertainment
together in virtual
space
SK TELECOM
Character skin
raises USD 12.7
million for the Breast
Cancer Research
Foundation
BLIZZARD ENTERTAINMENT
Partnership
allows customers
to have
‘Breakfast at
Tiffany’s’
TIFFANY &
CO. AND
TIONG BAHRU
BAKERY
FANTASY IRLWhat worlds do your consumers escape to?
How can you blur the boundaries even more?
Connection
BY 2020 THE AVERAGE PERSON WILL HAVE MORE
CONVERSATIONS WITH BOTS THAN WITH THEIR SPOUSE (Gartner)
“Siri, what is happiness?”
Virtual entities are making the leap from
functional assistants to true companions
VIRTUAL COMPANIONS
Chatbot converses
with users to help
them discover their
personality
REPLIKA
SELF-DISCOVERY
Amazon Echo-style
device has
virtual character
'living' inside it
GATEBOX
Emotionally-
intelligent robotic
companion trialed in
retirement homes
ELLIQ
AR app calms
children diagnosed
with cancer
IMAGINARY
FRIEND
SOCIETY
72% of regular voice tech users
think brands should have unique
voices and personalities for their
apps/skills.
Canalys, December 2017
VIRTUAL COMPANIONS
How will you make the leap from virtual
assistance, to virtual companionship? Who can
you better serve?
EntertainmentSelf-
Improvement
Relevance Connection
LAB RATS
SENSING
SPACES
FANTASY
IN REAL LIFE
VIRTUAL
COMPANION
THE TIP OF THE ICEBERG
A NEW WAY OF SEEING
APPLY!
Trend-Driven Innovation
methodology will help you
launch innovations that
resonate with consumers.
TO THE MOON AND BEYOND!
AM I G O S U M M I T
T E L K O M , J AK AR TA
1 9 M AR C H 2 0 1 9