For the Baby Boomers, having a model life meant studying, emancipating themselves from their origins, making a career, marrying and putting on a family within a certain age. For young adults in the new millennium, this is no longer just as important. The Millennials have inherited from their parents a system of values and a vision of the world that can no longer represent them. Postmodernism has rewritten the contours of existence and introduced new ways of living. Generation Z is also an integral part of the digital revolution that has redefined the concepts of time, space and access to further experiences. This, of course, is reflected in consumption patterns
Explains Claudia D' Arpizio - manager of a prestigious consulting firm, Bain&Co in Milan - who was asked by Forbes magazine to shed light on the future of the business.
Personal Branding - One size does NOT fit all
Millennials stands for ubiquitous computing and perennial connectivity. 87% of them don't separate from their smartphone for more than 60 minutes and check messages and notifications about 100 times over 24 hours. On average, they find it easier to communicate with technology than to talk to people; and towards their computer offshoots they have very high expectations. Efficiency and effectiveness of performance are priorities: where man does not arrive, he succeeds in some applications.
According to the results of an accurate profiling work sponsored by Goldman Sachs, more than 90% of consumers between the ages of 18 and 35 have completed at least one online transaction in the last 12 months; and 80% of those who still go to the store have searched on the internet for product information. 60% of these prefer to appear in stores that offer augmented reality services, especially when it comes to shoppers who are interested in lifestyle: virtual fitting, artificial styling, 3D models for dress testing and immersive environments.
The virtual increases buyer engagement, entertains and entices mobile shoppers to increase conversions. And for the young consumer it is essential to have a smartphone in his pocket that can support the new shopping experiences proposed by the brands.
Social Committement - You are the one you buy
Generation Z sublimates its global vocation in the policy of content sharing and instant communication. And although the Millennials may appear superficial like their hashtags, they are actually a generation with a great social conscience.
It will be because we live an extraordinarily problematic epoch; it will be because it is impossible not to stumble in some manifestation of social unease; or it will be because their parents were those politically deployed and their greatest cousins the punks of 1977. The fact is that one in three Millennials chooses to support - or boycott - a product or service in relation to the brand's policy, and attention to social and environmental causes. You are the one you buy.
The ubiquitous computing, the technological apparatus that acts as an offshoot of the ego, allows us to collect and interpret data related to human being, the way we are in the world and the way the world impacts on our person. Through smartphones, smartwatches, apps, wearable devices and nanometric biosensors, the Millennial measures itself. It takes note of habits and physiology, records vital parameters and hormonal cycles, rays on biorhythm and circadian cycle to identify enhancement strategies aimed at improving performance or achieving a well-being that always seems to be unachievable.
Diets, meditation, feng shui, yoga, spa, and constant work on one's self-awareness: the holistic wellbeing of the person is a daily challenge and a long and short term goal on which it is worth investing. The care for oneself and the search for healthy experiences testify to the characteristic mentality of the new generations, who place their trust in official science as much as in alternative proposals. The opportunity, for the Millennials, makes them healthy and in this sense it becomes fundamental to carve out spaces to restore the right balance between life and working time. Today, more than ever, the saying a healthy man is a healthy body applies.