Skip to main content

Finding Better Product Recommendations Online

 
According to the latest BlogHer and iVillage market study, social sites are now a frequent destination for three-quarters of U.S. Internet users. eMarketer reports that the study found similar rates of usage among men and women, as weekly social media users reached 73 percent of the total online population.

Survey respondent's top daily activities were watching television online, but Facebook was the next most common media destination visited every day. Among those respondents, social media games were as popular as reading print newspapers.

Among BlogHer Network users only, usage was significantly higher. For example, 77 percent read blogs every day and 35 percent used Twitter daily.

Online destinations become more important when social-savvy users are looking for information about a potential purchase. However, search engines are still the starting point for information about most products and services.

Moreover, independent blogs, user-generated content and social networks are now more likely to be used frequently for purchase advice than traditional big-media sources -- such as print magazines, broadcast television and newspapers.

Among all U.S. Internet users, about one-fifth said blogs and social networks were a good place to find out about new products or services.

One-quarter liked to visit social networks for advice and recommendations -- more than one-third considered social networks a good media destination for general information.

"The days of relying on one source for information are over," said Jodi Kahn, executive vice president of iVillage, in a statement. "Online peer-to-peer advice on message boards has increasingly become one of the most valuable sources for product recommendations."

Popular posts from this blog

Industrial Cloud Computing Apps Gain Momentum

In the manufacturing industry, cloud computing can help leaders improve their production efficiency by providing them with real-time data about their operations. This has gained the attention of the C-suite. Total forecast Industrial Cloud platform revenue in manufacturing will surpass $300 billion by 2033 with a CAGR of 22.57 percent, driven by solution providers enhancing platform interoperability while expanding partner ecosystems for application development. ABI Research found the cloud computing manufacturing market will grow over the next decade due to the adoption of new architectural frameworks that enhance data extraction and interoperability for manufacturers looking to maximize utility from their data. Industrial Cloud Computing Market Development "Historically, manufacturers have built out their infrastructure to include expensive data housing in the form of on-premises servers. The large initial upfront cost of purchasing, setting up, and maintaining these servers is

Demand for Quantum Computing as a Service

The enterprise demand for quantum computing is still in its early stages, growing slowly. As the technology becomes more usable, we may see demand evolve beyond scientific applications. The global quantum computing market is forecast to grow from $1.1 billion in 2022 to $7.6 billion in 2027, according to the latest worldwide market study by International Data Corporation (IDC). That's a five-year compound annual growth rate (CAGR) of 48.1 percent. The forecast includes base Quantum Computing as a Service, as well as enabling and adjacent Quantum Computing as a Service. However, this updated forecast is considerably lower than IDC's previous quantum computing forecast, which was published in 2021, due to lower demand globally. Quantum Computing Market Development In the interim, customer spend for quantum computing has been negatively impacted by several factors, including: slower than expected advances in quantum hardware development, which have delayed potential return on inve

Credit Scoring Service Spending will Reach $44B

Credit scoring is a method that lenders use to predict the probability a borrower or counter-party will default on loans, or incur additional charges for repayment -- also known as measuring credit worthiness. The method is a key tool in making credit affordable for individuals and businesses. It links credit products to risk potential, connecting borrowers to secondary capital markets and increasing the amount of funds available. This securing process establishes risk predictability dependent on a number of factors, determined by financial indicators and other publicly available information reported by the credit bureaus. Credit Score Market Development According to the latest worldwide market study by Juniper Research, they now forecast credit scoring services will grow by 67 percent to $44 billion by 2028. Juniper anticipates that emerging markets will experience the greatest growth -- projecting the African & Middle Eastern region to grow by 117 percent over the forecast period