"In terms of how South Africa is tracking against the rest of the world, we see a huge gap where technology can play a role in championing the consumer," says Derek Wilson, Head of the website, Hippo.co.za. "So, what are the key focus areas that South African companies in particular should focus on to provide consumers with the best solutions?"
2. User experience is everything. As technology becomes increasingly mobile, with most consumers using their mobile phones as the first touchpoint to their service providers, products should be simple, easy to use and effectively give consumers an experience they will keep coming back for.
3. Give your consumers a personal touchpoint if they need it. Technology is the future, but people still want to know that they can talk to someone on the other end of the line if things go wrong.
4. Make big data work for you and your consumers. The wealth of information available on consumer habits and preferences through analysing big data means that the research is already there. By analysing data correctly, we should be able to interpret what consumers really want and offer them solutions that fit their needs.
5. Get creative. The scope to innovate in South Africa is limitless, particularly in the insurance market. Insurers are already using technology like GPS to innovate in the auto insurance market, and comparison websites are consistently looking to benchmark industry standards to give consumers the best value."Consumers are looking to revolutionaries, and the transparency that technology provides is pushing companies to innovate more. The insurance industry in South Africa has led the charge in creating technology-first financial services and ensuring we are tracking against global best practice," concludes Wilson.
