The COVID-19 pandemic has unleashed changes to our daily lives to an unprecedented scale in just a few months. New normal – a new way of living and disruptions in our habits and tradition relating to the way we live, work and interact with others will – affects day-to-day activities as well as business operations.
Given COVID-19’s ferocity, most businesses are trying different ways to reach their customers and continue their operations as much as they can. Many of them are ramping up investment in digital solutions, social and e-commerce platforms. Some businesses would opt for transforming their events to virtual ones. And the key to a successful virtual event is keeping your audience engaged.
Pico’s Chairman looks at how AI has become routinely applied in an increasing number of industries in the past few years. With AI-powered robots now successfully drafting legal documents, patrolling airports and taking on other tasks, AI is set to proliferate even more quickly into more aspects of event, business and daily life.
In his Headline Finance column, Pico’s Chairman offers examples like the GUINNESSTM Connoisseur Bar pop-up store to explain how brands are creating novel experiences to relate their stories to a new generation. With different generations having different expectations, he says, brand marketing must change with the times.
Events upgraded with new technology are the focus of a Headline Finance column by Pico’s Chairman. Pico’s own Born to Run virtual running platform and ‘Our Harbour 1881, Our Stories’ are examples of how interactivity can bring fresh appeal to familiar histories – and even the ancient activity of the marathon.
As Pico’s Chairman points out in Headline Finance, cyber-crime tactics are constantly changing – and businesses and individuals need to be vigilant to keep up. Common-sense measures like using unique and complex passwords can make a huge difference in security – and help businesses maintain their reputation as a trustworthy partner.
Many businesses rely on data to predict consumer behaviour and optimise their strategies – but for good predictions to be made, ‘good data’ must first be collected. In his Headline Finance column, Pico’s Chairman describes how immersive new technology like VR will yield more accurate data at lower cost – and lead to better results for businesses like retailers and event planners.
Pico’s Chairman takes note of how brands are increasingly diversifying beyond their traditional market segments in an effort to build a bigger following. The key to success? Starting with a brand image sufficiently strong and defined to add distinction to almost any product, for almost any audience.
The promise of truly high speed mobile VR/AR and video livestreaming is about to be fulfilled as 5G edges closer to the mainstream. For event planners, 5G should usher in a new crop of tech that will make audience experiences more vivid and engaging than ever – even for audiences far beyond the confines of the venue.
Cutting-edge identity recognition technologies are maturing and bringing greater convenience to many aspects of daily life. However, there are still legitimate worries about the security and integrity of the personal information we share with companies and institutions. Does blockchain offer an effective solution?
The rising expectations of event participants can only be fulfilled with a constant stream of new, fresh and original activities. But adding new content or changing formats can be challenging, especially when venue restrictions are considered. In these situations, the use of technology can open up unlimited possibilities for event planners.