Lifestyles

WHAT'S NEXT?: Digital lifestyles are on the rise around the world and AR and VR will likely see us all using wearables, head-mounted displays and smartphones in almost everything we do. And, most of us will be living in cities too with full amenities close by.

• [New] Data scientists are going to be in high demand for 2019, as companies continue to place an increasing emphasis on harnessing the full potential of their data, diving deep into customer behavior and industry trends.
• [New] The trend of giving and receiving gift cards is expected to continue as online shopping and digital gift cards become even more popular.
• [New] Gartner predicts that by 2023, over 75% of large organizations will hire AI behavior forensic, privacy, and customer trust specialists to reduce brand and reputation risk.
• [New] Considering that China will make up almost two-thirds of global growth in luxury spending by 2025 - is seeing luxury shopping repatriated to domestic points of sale, brands' physical retail strategies will increasingly focus on influencer cities.
• [New] Eager to travel abroad and engage in healthy lifestyles, women are leading the wellness consumption trends in China: In 2019, 59 percent of outbound tourists are expected to be female, with 14 percent more in spending compared to their male counterparts.
• [New] Retailers have fretted that another round of import of tariffs in mid-December could slow consumer spending this year, which has helped support the U.S. economic engine against global growth headwinds.
• Retailers should be pleased with projections for this year's holiday shopping season, especially online-Deloitte' s annual analysis predicts a 14% to 18% percent jump over last year, with total ecommerce sales rising to $144 billion.
• Owing to the increasing per capita disposable incomes, busy lifestyles, and growing demand for on-the-go beverages, the global RTD tea market size is projected to grow significantly in the coming years.
• When global e-commerce sales are expected to break £2.2 trillion in 2019 and 51% of UK consumers prefer online shopping over going to physical storefronts, it's a given that more vape retailers will offer their products over the internet this year.
• A 2017 study from Nasdaq on e-commerce and online shopping showed that around 22% of the world's population purchases online, and that by 2040, e-commerce will account for 95% of all purchases.
• In the coming years, a sustainable transformation of consumption and lifestyles will depend on the fundamental changes in world public opinion towards a new paradigm of ecological systems (including the economic, social, environmental and ethical dimensions).
• Last year, BNEF forecasted that China's EV sales growth in 2019-2020 would be slower than in 2017-18, as automakers' costs take time to catch up with the subsidy cut and consumer behavior adjusts.
• Further expansion and progression of e-commerce is vast, with figures computing that by the year 2021, roughly 93 percent of UK internet users are expected to partake in online shopping, the highest online shopping penetration rate across Europe.
• The B2B segment, comprising business information, directory advertising, trade magazines, professional books and trade shows, is evaluated to USD265 million this year, and will reach USD304 million in 2023.
• The application of AI in governance provides an opportunity for India to apply information and communications technology tools and leapfrog developmental and infrastructural constraints.
• In 2018, the two most critical areas of information governance that organizations will likely be spending their time on are business intelligence and data security.
• By 2018, corporations will increase focus on information governance and quality.
• The EU will invest €40.2 million to support climate change adaptation, mitigation and governance and information projects.
• Chinese sports authorities will cooperate closely with Tencent over the next five years to establish unified standards for the industry and platforms for professional game players.
• 70% of professional services strategy officers agree that by 2025, digital solutions will generate more revenue for professional services firms than services delivered by people.
• Employment growth for Computer and Mathematical roles is expected to be least pronounced in the Information and Communication Technology sector itself.
• Processing power and Big Data will have an especially strong impact on Information and Communication Technology.
• Advances in semantic tools such as graph databases as well as other emerging data classification and information analysis techniques will bring meaning to the often chaotic deluge of information.

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Last updated: 12 December 2019