Dentsu Data Sciences unveils millennial and Gen Z study on the next normal under research wing DMC Insights

The Data Sciences Division of dentsu India has unveiled its latest Insights report, ‘The Next Normal: The Rise of the Contactless Economy’, under its specialist consumer insights wing dentsu Marketing Cloud (DMC) Insights.

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The report covers deep findings of the impact of a contactless world on consumer behaviour and sentiment of the Gen Z and millennial audiences from urban India.

The Covid-19 global pandemic has impacted the world and shaped human behaviour with lasting impact. With businesses and individuals scrambling over the past year to adjust to extraordinary circumstances, increased vaccination presents somewhat of a light at the end of the tunnel.

In many ways, the year 2021 will be a year of transition as we battle our way through the devastation caused by the pandemic and look toward a future. A zero-touch and more consumer conscious world has promoted the rise of a 'contactless economy', shaped by a virtually connected ecosystem.

Key highlights of the report:

• Willingness to try lesser-known brands: 70% expressed a willingness to purchase products from a lesser-known brand.
• The Growing Virtual Wallet: Close to 60% of transactions of our surveyed audience claim to be fulfilled via virtual wallets. 23% via credit and debit cards and the remaining through cash. Google Pay enjoys a lion’s share with PayTM being second.
• Online Certifications: 59% claim to have done an online certification. A trend likely to continue post lockdown.
• Ayurveda: 49% of the surveyed pool has a reliance on Ayurveda to meet their immunity needs.

The report: 

https://dentsumarketing.cloud/dmcinsights/nextnormal.php

Gautam Mehra

Gautam Mehra, Chief Data Officer (Asia Pacific) and CEO dentsu Programmatic, said, “While the world grapples with the impact of the Covid-19 pandemic, there is widespread uncertainty. However, in an ‘at home’ economy, the only assurance is that a next normal is being created, promoted by a hyper-connected world. Pegged to globally reach a $3trillion size by 2025, the ‘at home’ consumption economy has been fuelled by the need for consumers to look at digital channels to maintain normalcy in their lives – be it to connect with friends and family virtually, purchase necessities, subscribe to content or discover and learn new skills. Millennials and Gen Z consumers, being digital natives, have been better equipped in adapting to a virtual world with demonstrating a greater adoption of cashless payments and an openness to discover and try new brands.”

Abhinay Bhasin

“The Next Normal has given rise to a hyper-connected virtual world fuelled by better internet connectivity promoting an increase in online consumption and fulfilment of the needs within a contactless world. Being tech-natives, Gen Z and millennials will form a cornerstone of new-age marketing and brand engagement given their growing spending power and digital literacy. A virtual world has given rise to human experience platforms. With the virus hitting home, there has been a hyper awareness of health and safety among millennials and Gen Z audiences. This report builds on the commitment of DMC Insights to deliver industry leading insights on this demographic, covering their impact on various aspects of consumption and growth,” said Abhinay Bhasin, Vice-President (Asia Pacific) and Head of DMC Insights, dentsu International.

The report has been unveiled under the unit’s specialist research wing – DMC Insights. The dentsu Marketing Cloud (DMC) Insights offers an expertise-led model to assist dentsu Data Sciences research and insights, consulting and practice teams in delivering differentiated values to our clients.

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