{"id":490,"date":"2020-01-02T07:33:29","date_gmt":"2020-01-02T07:33:29","guid":{"rendered":"https:\/\/www.dataentryindia.in\/blog\/?p=490"},"modified":"2024-07-04T12:38:21","modified_gmt":"2024-07-04T12:38:21","slug":"5-ways-data-will-affect-the-ecommerce-industry-in-2020","status":"publish","type":"post","link":"https:\/\/www.dataentryindia.in\/blog\/5-ways-data-will-affect-the-ecommerce-industry-in-2020\/","title":{"rendered":"5 Ways Data Will Affect the eCommerce Industry in 2020"},"content":{"rendered":"\n
\"eCommerce<\/figure>\n\n\n\n

\u201cMore Data Is Always Better.\u201d<\/p>\n\n\n\n

At the beginning of the last decade, it was a prevalent notion that more data directly translates into extra information & better insights. <\/p>\n\n\n\n\n\n\n\n

Well, not anymore!<\/p>\n\n\n\n

Across the global eCommerce landscape, marketers are feeling the impact of changing data standards. <\/p>\n\n\n\n

Now, having more data doesn\u2019t matter as much as having the right data does. Adding extra fields to create an extensive data set is no longer a useful strategy. Businesses are actively seeking relevant, authentic, & actionable insights. They want more efficient processes, on-spot strategies, and quicker results.<\/p>\n\n\n\n

Needless to say, change is afoot. Let\u2019s take a look at what these new data trends will mean for the eCommerce industry in 2020 and beyond. <\/p>\n\n\n\n

Data Will Be at the Heart of Growth & Innovation in 2020<\/h2>\n\n\n
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\"Data<\/figure>\n<\/div>\n\n\n

In 2013, an IBM report pointed out that 90% of the world\u2019s data was created in the last two years. As of October 2019, nearly 4.4 billion people were actively using the internet. And, by 2025, our world is expected to create more than 463 billion GB<\/a> a day.\u00a0<\/p>\n\n\n\n

We can only expect that these numbers would go up, not down. <\/p>\n\n\n\n

Right now, every human with a digital footprint is a data factory. Every login, every device, every single interaction with a connected system is leaving incredible amounts of information behind. For businesses, it\u2019s critical to stay informed and prepared with strategies to utilize that data effectively. However, it requires more than a plan to successfully leverage this opportunity. <\/p>\n\n\n\n

To create solutions that can leave a positive and lasting impact on your eCommerce business, you must understand what the future looks like. <\/p>\n\n\n\n

1. A New Milestone for Global Data Volume<\/h3>\n\n\n
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\"Outsource<\/figure>\n<\/div>\n\n\n

IDC<\/a> predicts that the digital universe will cross 40 zettabytes by 2020. <\/p>\n\n\n\n

That\u2019s 40 trillion GB for the entire Earth. If we calculate a little, every person on our planet will account for 5200 GB of data, roughly.<\/p>\n\n\n\n

That\u2019s enormous. And, that\u2019s not surprising, considering the pace at which technology is evolving. <\/p>\n\n\n\n

We\u2019re crossing new thresholds of technological integration. 75% of the world\u2019s population is expected to be connected & creating data by 2025. An average person in 2028 might interact with a connected device at least 4800 times a day<\/a>. <\/p>\n\n\n\n

As our vehicles, homes, appliances, workplaces, & other aspects of life become data-enabled, every interaction will turn into a data point. That is an opportunity for businesses, but just as much a risk. <\/p>\n\n\n\n

If not managed on time and with finesse, that flood of data can quickly balloon into issues, like-<\/p>\n\n\n\n