How small businesses can thrive with the rise of Web3 technology
We are at a pivotal moment of technological change. The internet has come a long way since its inception, with new technologies and trends constantly emerging. Throughout human history, technological shifts have shaped communication—both verbal and visual. In the past 30 years, the internet has grown in scope, speed, and strength, with each passing year becoming increasingly visual and immersive. However, the pervasive presence of the internet has also given rise to several challenges that impact well-being. In fact, people are now looking to regain more balance in their lives, with a renewed focus on personal well-being, with technology being a key to get there.
According to iStock’s VisualGPS research, people in Hong Kong are placing a greater emphasis on prioritizing their wellness, with 64% (versus 54% globally) expressing that a successful life is one in which their physical, mental and emotional needs are being met. Furthermore, 86% of people are excited about the impact technology will have on their wellness.
According to a report by McKinsey, people are intending to spend more on products and services that improve their health and well-being. This trend is leading to the emergence of technology-driven wellness trends and businesses like Migraine Buddy, a blockchain-powered health app for individuals suffering from migraines or HealthBloc, which allows users to manage their health conditions. By visualizing how cutting-edge technologies are tapping into the booming wellness market, small and medium-sized businesses can reflect an understanding of how technology can be used to support and guide individuals towards holistic health, building stronger connections with their audience.
Exploring Digital Worlds
Apps and online marketplaces are not the only way Web3 could impact people's well-being. iStock’s VisualGPS findings revealed work-life balance is now a top priority for people in Hong Kong, and with the rise of alternate realities or AI powered tools, people are realizing the potential emerging technologies can have in the workplace and at home. 56% of people in Hong Kong are excited to see what the future looks like as technology evolves.
We have also learned that the key reason why artificial intelligence and virtual worlds are appealing to people is due to its perceived access to more immersive experiences and opportunities, including new ways to make money. While the promise of the metaverse or AI seems to still be far from its full potential, it is important for SMBs to understand that factors attracting consumers can be fulfilled today by visualizing how they are providing increased access and freedom through highly personalized and curated experiences.
The Role of SMBs in Enabling a Better Future
78% of people in Hong Kong are saying they have recently used technology to solve problems or achieve goals that used to be a struggle. With Web3 becoming a reality, here are 3 key takeaways to help emphasize the importance of reassuring, empathizing, and showing concern for the well-being of customers amidst the rise of new technologies:
● Showcase technology as a guide and support for wellness
Images and video should focus on how technology is guiding and supporting individuals to achieve better physical and mental health. Choose visuals that highlight how technology enables personalized and improved health and wellness, rather than individuals being solely in control of it.
● Depict technology as an integrated part of daily life
Visuals should demonstrate how technology is seamlessly integrated into various aspects of individuals' lives, including work, family, hobbies, and daily routines. Show how technology impacts multiple aspects of life and how it is immediate, personalized, and an integral part of individuals' wellness journey.
● Highlight new wellness practices enabled by technology
Images and video should showcase new and innovative wellness practices that are made possible by technology. Illustrate how technology is enabling individuals to adopt different approaches to wellness and how it is shaping the future possibilities of wellness.
In conclusion, as emerging technologies continue to gain momentum, it is crucial for businesses to proactively integrate them into their visual content to stay ahead of the curve. By embracing the potential of Web3 and adapting to the evolving digital landscape, small businesses can thrive and forge meaningful connections with their audience, ultimately leading to success in the ever-changing business landscape.
-- Contact us at [email protected]
-
Integration of GIS and BIM can drive development of smart city Dr. Winnie Tang
The China Association for Geospatial Industry and Sciences (“the CAGIS”) released the Top Ten Highlights of China's Geographic Information Industry in 2023, which provides much inspiration. The
-
Equip young people for the future Dr. Winnie Tang
In late February, the inaugural flight of an air taxi from Shenzhen Shekou Cruise Homeport to Zhuhai Jiuzhou Port took only 20 minutes with an estimated one-way ticket price of 200 to 300 yuan per
-
Are we raising a generation of leaders, or of followers? Brian YS Wong
The essence of education is defined not by the facts it imparts, but the potential knowledge it inspires students to individually pursue on their own. Put it this way – the ideal form of education
-
The urgent need for reforms to sex education in Hong Kong Sharon Chau
Nearly one in every four university students (23%) in Hong Kong has been sexually harassed, according to a 2019 report published by the Equal Opportunities Commission (EOC). A 2019 study found that
-
STEAM should be linked to real life Dr. Winnie Tang
In the 2017 Policy Address, STEM (science, technology, engineering and mathematics) education was proposed as one of the eight major directions to promote I&T development. Since then, funding has
