| Literature DB >> 32431463 |
Gil Appel1, Lauren Grewal2, Rhonda Hadi3, Andrew T Stephen3,4.
Abstract
Social media allows people to freely interact with others and offers multiple ways for marketers to reach and engage with consumers. Considering the numerous ways social media affects individuals and businesses alike, in this article, the authors focus on where they believe the future of social media lies when considering marketing-related topics and issues. Drawing on academic research, discussions with industry leaders, and popular discourse, the authors identify nine themes, organized by predicted imminence (i.e., the immediate, near, and far futures), that they believe will meaningfully shape the future of social media through three lenses: consumer, industry, and public policy. Within each theme, the authors describe the digital landscape, present and discuss their predictions, and identify relevant future research directions for academics and practitioners.Entities:
Keywords: Digital marketing; Future of marketing; Social media
Year: 2019 PMID: 32431463 PMCID: PMC7222052 DOI: 10.1007/s11747-019-00695-1
Source DB: PubMed Journal: J Acad Mark Sci ISSN: 0092-0703
Framework for the future of social media as it relates to marketing issues
| Focal stakeholders discussed | ||||
|---|---|---|---|---|
| Predicted imminence | Individuals | Firms | Public policy | |
| Immediate future | Omni-social presence | The rise of influencers | Privacy concerns on social media | |
| Near future | Combating loneliness and isolation | Integrated customer care | Social media as a political tool | |
| Far future | Increased sensory richness | Online/offline integration and complete convergence | Social media by non-humans | |
Suggested directions for future research
| Time | Theme | Brief description of theme | Suggested research directions and example research questions |
|---|---|---|---|
| Immediate future | Omni-social presence | Consumers now live in a world in which most aspects of their lives can potentially intersect with social media and this digitally enabled social interactivity is shaping culture itself. | • How will social interactivity influence consumer behavior in areas that had traditionally been non-social? • How might marketers strategically address the flatter decision-making funnel that social media enables? • How might service providers best alter experiential consumption when anticipating social media sharing? |
| The rise of influencers | Prominent social media actors are leveraging their influence to collaborate with brands. Companies incorporate influencers into their marketing mix and are creating “virtual influencers” of their own. | • What drives the appeal of live influencer content? • How can marketers strategically identify and employ influencers as part of the marketing mix? • How virtual influencers affect consumers’ perception of brands? • Is there a difference between virtual and real influencers in their effect on consumers? | |
| Privacy concerns on social media | Consumer trust in social media is on the decline. Consumers worry about the privacy of their data, and this worry and distrust is transferring from just the platforms to brands and companies. | • Who and what is trusted on social media? What makes this trust higher or lower? • What can be done to win back consumer trust on the part of the platforms and brands? • Is there any way for consumers to feel as though losing some data privacy is worth it due to benefits? | |
| Near Future | Combating loneliness and isolation | There is conflicting research that exists regarding social media’s role in causing consumer loneliness and isolation, leading to calls to revolutionize how social media is used. | • What about social media impacts loneliness perceptions (e.g., quantity of use, use type, platform)? • Are there individual characteristics correlated with social media use and loneliness? • Are there ways for social media platforms to encourage more meaningful connections vs. social comparison? |
| Integrated customer care | Social media, using improved analytics tools, and unprecedented knowledge on consumers will allow for an almost “invisible” customer care. Customers will be able to interact with firms seamlessly from almost any device. | • How can marketers preemptively predict and respond to consumer distress? • Do customers engage and perceive customer service differently on different platforms (e.g., AI assistant, chatbots, mobile messaging)? • How will the increased interaction with AI and IoT affect consumer behavior? | |
| Social Media as a Political Tool | Social media is used by politicians to directly engage with voters, evoking series of new challenges for policymakers, such as increased polarization, echo chambers, and fake news. | • What can be done to reduce polarization in social media? • What is the effect of eco chambers on long term behaviors? • How can we successfully identify and negate the effects of fake news? | |
| Far Future | Increased Sensory Richness | A plethora of new technologies, including augmented reality, virtual reality, voice activation, and haptic integration market suggest that the future of social media will become increasingly sensory-rich. | • How might these new sensory formats alter the nature of content creation and consumption? • How might practitioners use these tools to enhance their offerings and augment their interactions with customers? • How might such sensory-rich formats be used to bridge the gap between the online and offline spaces? |
| Online/Offline Integration and Complete Convergence | The lines between what is offline and online are blurring, changing how consumers interact with other consumers, companies, and products and experiences. | • How is tech like AR going to change the way consumers interact with brands, social media platforms, other consumers, and offline experiences? • What are some repercussions of digital selves considering consumer behavior and brand-related measures? • How do digital selves that differ from offline personas, impact consumer attitudes and behaviors? | |
| Social Media by Non-Humans | Artificial intelligence in the form of bots, virtual influencers, and IoT devices will increasingly permeate the social media sphere. | • How will the presence of non-humans change the nature of content creation and conversation in social media? • What is the underlying appeal of virtual influencers? • How should companies account for the presence of non-humans in their attribution models? |