Thursday, March 20, 2014

A World of Wi-Fi Opportunities


An article that I recently published in Mobilize Magazine

A World of Wi-Fi Opportunities
New research reveals substantial business opportunity within Wi-Fi services.

Cisco recently conducted an online survey of 620 U.S. mobile users to better understand their needs and behaviors, current and future use of public hotspots, and unmet demands. The results were clear:

·    Consumers increasingly rely on and prefer Wi-Fi for connecting their devices to the Internet.  In fact, the Cisco research reveals that the average smartphone user employs Wi-Fi 44 percent of the time. This is a significant increase from just one year ago, when one-third of the total smartphone data usage was through a Wi-Fi connection, rather than a mobile network.

·    A remarkable 70 percent of mobile users are now using public Wi-Fi hotspots. According to the survey, close to six out of ten public Wi-Fi users now connect to a hotspot at least weekly, and one-third connect more than once a week. Users spend an average of 44 minutes connected to these hotspots. 

What does this mean for consumer-focused companies, service providers, and other businesses? Opportunity. And lots of it.

 “Many innovative companies are discovering new ways to make money by unlocking the inherent business value of Wi-Fi,” says Stuart Taylor, Director of the Service Provider Transformation Group at Cisco. “They can create localized and personalized mobile services, for example, which improve the customer experience and provide a vast amount of business intelligence.”                        

Taylor highlights three business models that are ripe with opportunity: 

1.   Enhanced Retail Experience. Imagine a service that would enhance your in-store retail shopping experience on your own Wi-Fi-enabled mobile device at a large retailer. The service could include such things as product information, an in-store location finder, integrated shopping lists, coupons for special offers, and automated checkout.  

2.   Enhanced Airport Experience. Imagine a service that would enhance your experience when you are in an airport. The service could include such things as airport information, mobile check-in, maps and directions, coupons for special offers at shops and food outlets, and flight and gate alerts. 

3.   Enhanced Public Venue Experience. Imagine a service that would enhance your experience on your own Wi-Fi-enabled mobile device while you were in a large public venue, such as a shopping mall, amusement park, sports stadium, or resort. The service could include such things as venue information, maps and directions, coupons for special offers at shops and food outlets, and information on upcoming events.  

The Cisco research reveals consumers are eager to embrace such services to enhance their experiences in retail locations, airports, hotels and resorts, stadiums, and shopping malls. And while many consumers are concerned about who will have access to their data and how it will be used, most recognize that they will have to relinquish some of their personal information to get a better mobile experience.  

Taylor offers several pieces of advice for businesses seeking to capitalize on the emerging prospects of Wi-Fi services: 

·    Actively pursue new Wi-Fi monetization opportunities. Develop new offers that enhance the customer experience and deliver new sources of revenue.

·    Take advantage of technical and business capabilities. Combine the inherent capabilities of Wi-Fi with personal metadata and customer relationship management (CRM) data to create compelling new localized offers.

·    Develop proactive personal data strategies and communications. Undertake extensive customer research to formulate comprehensive data policies and strategies to allay customers’ concerns.

·    Actively communicate privacy policies. Make customers aware of privacy policies and the value delivered from the localized services.

“If your business isn’t providing Wi-Fi access to customers then it better be the number one item on your agenda,” Taylor suggests. “Customers expect it now almost everyplace they do business, and if they don’t find it they are voting with their feet.”

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