I Want More Points

Extra Credit Blog

The five biggest tech trends for millennials in 2016

By: Dennis Williams

Posted: February 29,2016

According to this article millennials dominate digital, so it’s important to identify the trends that interest this audience. Five trends to keep in mind in 2016 are:

 The first can be stated as social media since Sixty-three percent of social media users rely on twitter and facebook for news. The article explain platforms like Facebook, Twitter, and Snapchat break news in real time and are beginning to shift how young consumers find trending stories. Social media allows readers to see a feed of trending news and live events as they happen. Major social platforms cover breaking news; media publishers can’t mimic the convenience.

 Second according to the article virtual reality is no longer millennial fascinating future. In the past, stories about emerging virtual reality products were only illustrated by concept images and speculation. Today, there are both developer and consumer models that have introduced products and software.

 Third new gaming consoles introduce more capabilities, video games have been quick to adapt. SuperData Research suggests consumers will spend $5.1 billion on virtual-reality gaming this year in both product and software. In an effort to maximize storage and create bigger games, many consoles are becoming cloud-based. Cloud-based games allow for boosted performance and new gaming effects.

 Fourth battle has been joined between cord-cutting services and cable television. Sling TV and Sony Vue earned their fair share of the market among cable streaming services. In 2015, Sling TV was reportedly generating $5 million per month. Sling passed the 250,000-user milestone. Many online television providers are launching their own app to accommodate digital viewers who prefer watching TV online.

Fifth technology is making financial responsibility much easier and it’s giving banks a run for their money. According to Goldman Sachs, financial startups expect to siphon $4.7 trillion worth of annual revenue from traditional financial services. Investors have recognized this trend as well in 2014 they invested $12 billion in financial technology.

Read More: http://www.prdaily.com/Main/Articles/20251.aspx

 

Advertisements

One comment on “The five biggest tech trends for millennials in 2016

  1. moorelsarah
    March 1, 2016

    Who needs cable when you can use Netflix? I think this article is an accurate representation of Millennials attitudes towards technology. It will be interesting to see how companies, especially cable companies, respond to these changes.

    Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Information

This entry was posted on February 29, 2016 by in Uncategorized.

Enter your email address to follow this blog and receive notifications of new posts by email.

Join 24 other followers

Follow I Want More Points on WordPress.com
%d bloggers like this: