Online shopping predicted as an addictive disorder

 

For: Preliminary

Topics covered:

• Key findings of a research firm Gartner Inc.

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News Flash

A research firm Gartner predicted that by 2024, the World Health Organisation (WHO) will identify online shopping as an addictive disorder,  as millions abuse digital commerce and encounter financial stress.

 

Highlights

• Consumer spending via digital commerce platforms will continue to grow over 10 percent year over year through 2022.
• The ease of online shopping will cause financial stress for millions of people, as online retailers increasingly use artificial intelligence (AI) and personalisation to effectively target consumers and prompt them to spend discretionary income that they do not have.
• The resulting debt and personal bankruptcies will cause depression and other health concerns caused by stress, which is capturing the attention of the WHO.
• By 2023, the number of people with disabilities employed will triple due to AI, augmented reality, virtual reality and emerging technologies, reducing barriers to access.
• By 2024, AI identification of emotions will influence more than half of the online advertisements you see.
• By 2025, 50 percent of people with a smartphone but without a bank account will use a mobile-accessible cryptocurrency account.
• By 2023, a self-regulating association for oversight of AI and machine learning designers will be established in at least four of the G7 countries.
• By 2023, up to 30 percent of world news and video content will be authenticated as real by blockchain countering deep fake technology.
• By 2023, individual activities will be tracked digitally by an ‘Internet of Behaviour’ to influence benefit and service eligibility for 40 percent of people worldwide.
• Through facial recognition, location tracking and big data, organisations are starting to monitor individual behaviour and link that behaviour to other digital actions, like buying a train ticket.
• The Internet of Things (IoT)  where physical things are directed to do a certain thing based on a set of observed operating parameters relative to the desired set of operating parameters is now being extended to people, known as the Internet of Behaviour (IoB).

 

Gartner

Gartner, officially known as Gartner, Inc. is a global research and advisory firm providing information, advice, and tools for businesses in IT, finance, HR, customer service and support, legal and compliance, marketing, sales, and supply chain functions.

 

Source: News on air

 

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