Category: Social Media Marketing

Report highlights the potential of mobile commerce in the UK

| October 30, 2012

 Mobile commerce to have significant impact on UK retail industry

The Economist Intelligence Unit, an independent research and analysis firm operating in the European Union, has released a new report concerning the impact of e-commerce, mobile commerce, and social commerce on the retail industry in the United Kingdom. UK retailers have been seeing an increase in demand from consumers interested in using their mobile devices as payment platforms. In response, many retailers have begun adopting mobile commerce systems, such as NFC terminals, as well as bolstering their online presence to be more accommodating of social commerce and e-commerce.

New commerce to make up a third of all retail sales in the UK in 10 years

The report predicts that sales from e-commerce, m-commerce, and s-commerce are to make up more than a third of all sales in the UK within the next ten years. These types of commerce account for roughly 10% of all retail sales made in the UK currently. Social commerce is one of the most rapidly growing forms of commerce emerging in the UK. This form of concept refers to sales made through social media sites, like Facebook and Google+. E-commerce has always been a popular option for consumers that prefer not to visit physical stores, but mobile commercMobile Commerce in the UKe may become the leading form of commerce amongst all consumers.

Mobile commerce may reign supreme

The report shows that mobile commerce is growing in popularity and may soon become the primary shopping medium amongst consumers by 2022. The report suggests that consumers are more likely to make impulsive purchases when using mobile commerce platforms, thus giving retailers even more incentive to become more accommodating to these consumers. Given that many of these consumers are constantly connected to social media sites, both mobile commerce and social commerce initiative may stand to net major gains for retailers in the UK.

More consumers expected to participate in new forms of commerce in coming years

Online sales channels continue to outperform traditional channels. The Economist Intelligence Unit predicts that consumers will favor online channels throughout the next ten years, especially as more retailers adopt mobile commerce services and the availability of NFC-enabled mobile devices grows. Several companies are experimenting with alternatives to NFC technology that may broaden the horizon of mobile commerce, as well. These efforts are expected to bring more consumers into the fold and add further momentum to new forms of commerce in UK and around the world.

NFC technology may be made safer with a simple off switch

| October 20, 2012

 

NFC technology not so easily exploited when it is turned off

NFC technology is becoming a more common feature in mobile devices. The technology is used often in mobile commerce and advertising as a way to facilitate convenient services and reach out to consumers. For these purposes, NFC technology has proven itself quite effective. The technology is, however, exposed to the risk of exploitation from hackers. It is also a major drain on a smart phone’s battery, especially if it is used for mobile commerce and social networking.

Turning off NFC could save battery power

For those with NFC-enabled Android mobile devices, turning off NFC technology is fairly simple. Those that do not conduct mobile payments or engage in data exchange regularly can actually see some major benefits from turning off the NFC capabilities of their mobile device when they do not plan to use them. Turning off the NFC technology embedded in the phone can help reduce the strain on the mobile device’s batter, allowing it to remain charged for a significantly longer period of time. Turning of NFC connectivity can actually make a mobile deviceNFC Technology much safer as well.

Security boost through turning off NFC

NFC technology is quickly becoming notorious for the lackluster security features that are native to it. The technology is completely benign in the sense that it does not have robust security features or any glaring security faults that could put a user’s information at risk. The applications and services that rely on NFC technology, however, do have some serious security shortfalls that do put this information at risk. When consumers do not plan to make use of these applications and services, turning off the NFC capabilities of their mobile device may help mitigate the risks associated with mobile commerce and other NFC-based services.

Battery mileage varies from device to device, but security still a serious issue

The impact NFC technology has on the life of a battery is highly dependent on the mobile device in which the technology is installed. Personal tests are advised for those that want to get a better understanding of what the technology will do to the battery of their own device. Because NFC technology works at very short range, the security implications can often be overblown. Nonetheless, the security issues inherent with many NFC services and applications are still cause for concern and consumer should take steps to protect themselves.