Trying to predict the future is always a risky thing to do; most of us are terrible at it. The, course is participatory you make connection between ideas between other people, a course of study made available over the Internet without charge to a, How is it different from taking a course from a college or university? Streaming video subscriptions: After a giant leap, a step back? Social media is crucial for growing businesses. These can be less accessible and tougher to navigate. Where can virtual concerts go after Travis Scott’s Fortnite extravaganza? We can, in all fairness, predict a bright future to the current information technology trends … Even before the crisis, 38% of US consumers were binge watching weekly for an average of 4.2 hours per session. Author 17 Futurist books on Future Trends. With the rise of video and social streaming platforms, video gaming has also become a viewing experience. When we asked consumers why they cancelled, 36% said it was too expensive (figure 6). Personally, if I could choose one sentence to sum up digital transformation trends for media in 2019, it would be this: advertising is everywhere—so much so that I anticipate a semi-backlash. Prior to COVID-19, about 25% of consumers watched livestreamed and recorded video of others playing games each week. Read insights on rebuilding a stronger digital society. Course Hero is not sponsored or endorsed by any college or university. For Millennials, it’s 69%, and for Gen Z, it’s 75%. Additionally, when COVID-19 restrictions are lifted, consumers may reduce their subscriptions. Read on to discover the key PR trends … However, as more media providers join the fray—including Disney+, Apple TV+,6 and HBO Max—competition is growing and putting pressure on content and pricing. For these consumers, an ad-free experience is a big reason they watch streaming video services. Activity #9 : Current and Future trends of Media and Information Media Innovation We are looking for the Current and Future trends of media and information , overviewing what will happen in the future media Innovation. Process automation and optimization, emerging tech development, and a skilled workforce will be the cornerstones of any successful trend adoption. tops premium VOD charts faster than Trolls World Tour, NBA players go head-to-head in 1st ‘NBA 2K Players Tournament, NHL player gaming challenge set to begin April 30, MLB to launch virtual esports season featuring star players, Formula 1 launches Virtual Grand Prix series to replace postponed races, The most valued technology gadgets of the last decade, Innovating for all: How CIOs can leverage diverse teams to foster innovation and ethical tech. 2. Discover Deloitte and learn more about our people and culture. But how about public relations trends that can help your growth and development? It is unclear when it will be safe to gather in large groups, or how willing people will be to do so once it is. View in article, This figure includes only paid subscriptions for pay TV, streaming video, streaming music, video games, audiobooks, and news, and magazine subscriptions. Since the COVID-19 pandemic began, consumers we surveyed have been adding and cancelling subscriptions (figure 3). Studios may need to reevaluate their distribution models while tinkering with pricing for first-run streaming releases. Those that can’t will likely look upon this crisis as a missed opportunity. From emerging technologies, like 5G and SD-WAN, to M&A activity, here are the five biggest forces that will be making … While some people may be eager to return to the experience of big-screen theaters, others enjoy the comfort and convenience of home viewing. About Digital media trends. Deloitte's Center for Technology, Media & Telecommunications (TMT Center) conducts research and develops insights to help business leaders see their options more clearly. A special thanks to Catherine Nasr, Eugenia Allegretti, and Brooke Furman for keeping us aligned on deadlines and to Martha Koeppen for her support and contributions. This may still be true in developed societies where the media … To win subscribers rapidly, many streaming video services are offering low introductory rates and free trials. With cheap trials and easy cancellations, consumers can binge watch their favorite shows, cancel the subscription, and then return when the next season drops—essentially, “renting” the services instead of joining them. See something interesting? IT Industry Trends – Key Takeaways. Introductory offers of free or reduced rates, along with compelling original content, are attracting subscribers. Jeff has a Bachelor of Arts in political science from The Ohio State University, and a Master of Arts and PhD in political science from the University of Toronto. But it has also revealed new opportunities and led to innovations that media and entertainment companies may have resisted before. This may still be true in developed societies where the media … With this leap, 80% of US consumers now subscribe to at least one paid streaming video service (figure 4), up from 73% in our pre–COVID-19 survey. This underscores the difficulty providers face with retention, as well as their growing focus on content libraries and original programming. ... future trends will most likely be centered around improving. The biggest difference was generational. We found that the top reason consumers added a streaming video service during the crisis was having more time to watch shows and movies. Chris is also an avid video game enthusiast, stomping the virtual grounds since the days of the 2600. Bits of Power: Issues in Global Access to Scientific Data.Washington, DC: The National Academies … Of all consumers, 7% subscribed to a video gaming service for the first time during the crisis. Of those who did, 90% said they would likely do so again. School closures, shelter-in-place guidelines, and rising unemployment have given more people more time to engage with video gaming content. However, cost is also important. How will rising demand for content that is more social and more virtual potentially augment—or compete with—traditional video content? How much more entertainment time will consumers devote to video gaming and livestreaming services? “The most important social media trend to watch in 2021 will be community-focused activity. The first online survey (pre–COVID-19 survey), of 2,103 US consumers, was conducted from December 2019 to January 2020. The second online survey (COVID-19 survey), of 1,101 consumers, was conducted in May 2020. ... With the emergence of event and activity-based applications such as Facebook Events During the COVID-19 pandemic, most of these conditions have continued or accelerated. Ranked one of 20 most influential business thinkers alive. Consumers who lost income during the COVID-19 pandemic were more than twice as likely to cancel a service because of cost compared to those whose income was unchanged. Imagine your doctor operating on your local hospital from his computer in Australia. Current and Future Trends of Media and Information Group Seven Stem. … © 2020. On Jan. 6, a bomb detonated on a bridge between Gamboru, Nigeria, and Fotokol Cameroon; though many details of that attack are yet to be confirmed, the chief of Nigeria’s naval staff … DTTL (also referred to as "Deloitte Global") does not provide services to clients. Suggested Citation:"2 Trends and Issues in Information Technology. This preview shows page 1 - 2 out of 3 pages. Futurist speaker and … For more on the similarities between Gen X and younger consumers, see: Kevin Westcott et al., Digital media trends survey: A new world of choice for digital consumers, Deloitte Insights, March 19, 2018. the most impact or influence on people and to the society as a whole? Since the onset of the crisis, video gaming activities have accelerated considerably—up to 75% by some measures.10 In our COVID-19 survey, 29% of US consumers say they are more likely to use their free time to play a video game than watch a video. The Curiosity in our mind is yet release we are continuing thinking of a prediction of the future media … View in article, Marc Hogan, “Where can virtual concerts go after Travis Scott’s Fortnite extravaganza?,” Pitchfork, May 5, 2020. View in article, Erich Schwartzel, “‘Trolls World Tour’ breaks digital records and charts a new path for Hollywood,” Wall Street Journal, April 28, 2020; Rebecca Vanacker, “Scoob! 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