Digital slowly taking over everywhere

The online revolution is gaining speed at a rapid rate and the convenience it offers and the way that it simplifies your life is quite incredible. As it speeds up and more and more services go online, it is very quickly getting to a situation where you won’t ever have to leave home for anything. Where less than a decade ago shops and customer-focussed operations were all intent on getting as many people through their doors as possible, now the focus is on how not to bring people through the doors, but rather how to get them interacting and transacting online instead. The reason is simple, it costs much less to transact digitally, both in terms of staff and in terms of rentals. Here’s a quick look at how the drive to ecommerce has affected different businesses.

 

Banking

Gone are the days of long queues at month-end, of cash and cheque deposits and identity checks for withdrawals. Banks don’t want you inside their physical stores anymore, as much as possible they want you using their apps, their automatic teller machines and their websites. These electronic platforms allow you to do almost anything from overseas payments to pin changes or to apply for fast loans online Australia has some of the leading solutions in these areas.

Retail

While there is nothing quite like trying on items to see how they look and feel, or to touch them and sample the workmanship, the flip side of these kinds of experience are things like navigating traffic and crowds and the inevitable additional expenses that come with going to the mall. For example, you might need to buy some new towels, but nobody ever just goes to the mall to buy towels. There will always be other costs as well, like a lunch and drinks, and parking, and perhaps some other spur of the moment purchases as well. Shopping online is super easy and the speed with which people like Amazon and AliBaba deliver these days it is almost faster than making a trip to the mall. It is certainly more cost-effective. It is no wonder that these companies are now some of the biggest in the world.

 

Entertainment

If you haven’t done so already it is time to say goodbye video stores and farewell to CD shops. Cinemas are close to being on their way out as well. Subscription and satellite television is also on the back foot as services like Netflix and Amazon and Google start to disrupt the traditional entertainment space. The rise of social media has played a big role here to and already the way that people live and experience things has changed markedly, with experiences now being more about what you can post as opposed to being in the moment and experiencing it for yourself.

 

Travel

This was probably the first area to be affected by the switch to digital as online bookings and aggregated pricing services sprouted up, quickly making the old-school travel agent a very redundant position. Now days anyone looking to book a trip to anywhere in the world will find it is done most quickly and cheaply through an online transaction.