All of the large technology companies are currently competing for the best
personal assistant. The field is lucrative as people with a personal assistant
will spend even more time on their mobile and thus both income from
advertising and device sales can increase. The search for keyword terms, via
Google for example, will presumably disappear in the long run in the scope
of this development. Instead of that, purchasing decisions will be made in
conversation with the digital assistant. Product recommendations in social
networks may also lose significance. It is probable that products suggested by
the persona assistant are a better match for the users than ever before, as the
persona assistant avails of a larger amount of information than what personalised advertising is based on. If more products are presented to the consumers that are much more tailor-made to his or her needs, it is probable that in
sum, more products will be consumed.
For a brand or a company to be successful in the future, it is thus important that the respective products and services are taken into consideration by
the personal butler’s algorithm. If a user then wants to order flowers, book a
hotel or buy a coat, the personal assistant will only consider those companies
that are present in the network of the algorithm. For personal assistants of
Google, on the other hand, the ranking of the results in the Google search
can play an important role. In the future, the focus of customers will be less
on the brand than on convenience. This means that companies that understand how to be connected to the relevant personal assistants will win.
Amazon, for example, could soon offer own labels via comfortable ordering processes without having to surrender margins. The first step in this
direction is the Amazon Dash Button, a button that is placed on devices to
order goods to be refilled at the press of a button such as washing powder
or toilet paper, which was introduced in 2016. The team behind Viv 1 is still
trying out various business models, but one could involve a processing fee
for every enquiry.
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