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Are Consumers Using Voice-Activated Conversational Interfaces More or Less Than Last Year?

By PaymentsJournal
August 29, 2019
in Customer Experience, Emerging Payments, IoT, Merchant, Truth In Data
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Voice-activated conversational interfaces, like Amazon’s Alexa and Apple’s Siri, are becoming more and more common. While they are still in their early stages, these voice-activated assistants have the potential to revolutionize the way we interact with technology. Instead of having to remember a set of commands or navigate a complex menu system, you can simply ask Alexa or Siri to perform a task for you. This natural, humanlike interaction makes it easier and more enjoyable to use voice-activated assistants. In addition, voice-activated assistants can learn and adapt over time, based on your preferences and usage patterns.

Don’t miss another episode of Truth In Data! Click on the red bell in the lower-left corner of your screen to receive notifications as soon as the episode publishes.

Data for today’s episode is provided by Mercator Advisory Group’s viewpoint – The Merchant Experience: Offline Shopping Is Not Dead

Are consumers using voice-activated conversational interfaces more or less than last year?

Consumers are using a little less voice-activated this year than last

  • Voice-activated by vehicle, tablet, and smart speaker are each almost identical for 2018 & 2019
  • But 46% of consumers reported using voice-activated by smartphone in 2019, down from 51% in 2018
  • Consumers aged 18-34 use voice-activated far more (70%) than middle-aged (49%) or older consumers (29%)
  • Similar to mobile wallet use, young consumers and high income earners use more voice-activated
  • Conversational interfaces saw a decline in payments related activities in 2019:
  • Fewer consumers bought goods & services, payed household bills, or sent money to friends & family in 2019 than 2018

About the report

Mercator Advisory Group’s most recent Insight Summary report, 2019 Customer Merchant Experience: Offline Shopping Is Not Dead, reveals that U.S. consumers shop predominantly offline in physical stores but that mobile phones are an increasingly integral part of the shopping experience. The report is the first of three in the annual Customer Merchant Experience Survey Series, which is part of in Mercator’s Primary Data Service, and presents findings of an online survey of 3,000 U.S. adult consumers conducted in March 2019.

The survey found U.S. consumers currently consider Walmart and Target as providing the best in-store experience. When it comes to the online shopping experience, Amazon tends to dominate consumers’ opinions.

The top attributes consumers said they look for in a retailer are related to quality, availability, payment method, and the security of their data. When they shop in stores, convenience, the ability to physically see the goods, and not having to wait for delivery are the attributes they deem most important. When they shop online, their top ranked attributes are free shipping, the right price, and the freedom of shopping whenever and whenever they want.

The report identifies consumers who fit into three distinct groups based on their personal opinions about technology: Average, “Tech Forward,” and Laggards. Tech Forward consumers are those who are first to use the new technologies and channels to make the shopping experience better.

“U.S. consumers’ expectations of the retail experience are changing. They are using many of the techniques they learned in online shopping in the physical location. The brick-and-mortar establishments need to keep up with the changes and technology and the changes in the way consumers shop,” stated the author of the report, Pete Reville, Director of Primary Data Services including Customer Merchant Experience Survey Series at Mercator Advisory Group.

Companies mentioned in the report include: Amazon, Costco, eBay, Home Depot, Kohls, Macy’s, Target, and Walmart.

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Tags: Consumer BehaviorConversational CommerceIoTSmart Speaker

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