Mobile is the new normal – 34 % of global ecommerce transactions across all industries are happening on mobile devices. In travel alone, one-third of the bookings in major countries around the world are now coming from mobile devices. With the rise of mobile bookings, clear winners and losers have surfaced, proving that there is real competition in the space and a strong thirst from consumers for a better experience.
According to research from Renaissance Capital, the past two years have seen the most U.S. IPO activity since 2000, with 222 IPOs in 2013 and a whopping 273 in 2014. As we’ve seen with recent activity at Uber and Dropbox, there’s a clear link between who occupies the CFO chair and a potential IPO. Benoit Fouilland, CFO of Criteo, has experience leading a company through an IPO. I recently spoke with Benoit about how Criteo has changed post-IPO and the skills CFOs need to successfully navigate the transformation.
The question of whether women must choose family or career advancement has become more prevalent as women have started to seek higher-powered roles. I’m here to say that they don’t have to choose. While I can’t claim to have perfected the balancing act, I have learned some valuable lessons over the past 16 years about maintaining stability between home life with my husband and two sons, and my career as I have taken on C-level roles at Ad.com, Yahoo!, Millennial Media, and now Criteo.
Using more than one device in the course of a purchase is becoming more common. This should be no surprise to anyone making purchases, which could be pretty much anyone, but it does pose some rather significant challenges to those doing the selling. One recent study did somewhat of a breakdown of what buying looks like by device when using more than one in the path to purchase.
Consolidation in the digital advertising industry is a hot and controversial topic. In the last couple of years, mergers and acquisitions have been frequent, and the stakes high. In April of this year, Twitter purchased TellApart for over $500 million to help improve online and mobile ads. And just the other day, AOL announced that it will manage ad sales for most of Microsoft’s ad-supported properties.
-Byline authored by Criteo's Chief Revenue officer, Mollie Spilman
More than 30 percent of US ecommerce transactions among online retailers and travel firms are now driven by mobile. That number is expected to top 33 percent by year-end, according to Criteo’s Q2 Mobile Commerce Report issued Thursday. Among the top 25 percent of US retailers, mobile’s share is already at 40 percent. The report also showed interesting stats regarding cross-device and app transactions.
Mobile optimised sites convert almost three times more than non-optimised ones and, if you can drive people to repeat use of your app, that will convert even better than mobile or PC. And you need to take note: mobile will be the dominant e-commerce platform in the US, UK and much of Asia before the year is out.
Performance marketing technology company Criteo has released its 2015 State of Mobile Commerce report, which reveals that mobile apps generate almost 50 per cent of mobile transactions for some of the largest e-commerce players who have made their app experience a priority. This is due to much higher conversion rates than mobile browser or even desktop, says the research. In addition, 40 percent of ecommerce transactions now involve more than one device as smartphones, desktops and tablets are used in a variety of combinations to research and make purchasing decisions.