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AR IN SOCIAL MEDIA: How immersive experiences drive sales, improve customer engagement, and boost awareness (FB, SNAP)

Augmented reality's (AR's) ability to link our digital and physical worlds is transforming the way brands engage with consumers on social media. FORECAST Global Mobile AR UsersDigital titans Snapchat and Facebook are monetizing consumers' love for AR with ads and branded experiences, opening the door for brands to use a new means of creativity and immersive storytelling to reach consumers in a way they appreciate and respond to.

While the use of AR in social media is still in early stages, the immersive technology is already becoming impossible for brands to ignore. This fun, memorable, and convenient way to merge a brand into consumers' lives is catalyzing the way brands escalate converted sales, drive consumer engagement, and lift brand awareness.

With AR ads expected to generate over $13 billion in revenue by 2022, and, as a result, account for over 12% of all mobile ad revenue by that year, it's crucial brands map out their AR strategies now to secure an early-mover advantage. 

In the AR in Social Media Report, Business Insider Intelligence dives into the growing social media AR ecosystem; explores why brands should integrate AR into their ads and branded experiences; outlines how brands are benefiting from embracing this new, immersive form of content delivery; and probes what's ahead for the space.

The companies mentioned in this report are: Facebook, Instagram, Messenger, Snapchat, and WhatsApp.

Here are some of the key takeaways from the report:

  • The number of mobile AR users is expected to have grown 100% year-over-year (YoY) in 2018 to pass 1 billion, and social media is quickly becoming consumers' go-to channel for mobile AR experiences. 
  • Consumers' viral acceptance of AR in social media underscores why brands need to embrace the technology to enhance their social strategies, and it's already proving to be an effective channel for engaging consumers and expanding their reach.
  • There are three clear goals brands are striving to achieve when implementing AR in their social media strategies: escalate converted sales and downloads, drive consumer engagement, and lift brand awareness. 
  • Additionally, there are numerous indications that the technology will improve in the near future, which will play a chief role in driving brands' AR usage within social media. 

In full, the report:

  • Sizes mobile AR adoption in social media and identifies the factors driving uptake among both consumers and brands. 
  • Details how brands stand to benefit from leveraging AR in social media and offers an inside look into how it has played a role in helping brands achieve their goals. 
  • Provides an overview of a trends that will heighten the social media AR experience and supercharge the opportunity for brands in the years to come. 

Interested in getting the full report? Here are two ways to access it:

  1. Purchase & download the full report from our research store. >> Purchase & Download Now
  2. Subscribe to a Premium pass to Business Insider Intelligence and gain immediate access to this report and more than 250 other expertly researched reports. As an added bonus, you'll also gain access to all future reports and daily newsletters to ensure you stay ahead of the curve and benefit personally and professionally. >> Learn More Now

The choice is yours. But however you decide to acquire this report, you've given yourself a powerful advantage in your understanding of the rapidly growing social media AR ecosystem

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India rejects Walmart-owned Flipkart’s proposed foray into food retail business

The Indian government has rejected Flipkart’s proposal to enter the food retail business in a setback for Walmart, which owns majority of the Indian e-commerce firm and which recently counted its business in Asia’s third-largest economy as one of the worst impacted by the global coronavirus pandemic.

The Department for Promotion of Industry and Internal Trade (DPIIT), a wing of the nation’s Ministry of Commerce and Industry, told Flipkart, which competes with Amazon India, that its proposed plan to enter the food retail business violates regulatory guidelines.

Flipkart’s proposed food retail business, called Flipkart FarmerMart, cannot be structured on a 100% foreign direct investment, the Indian agency said. Rajneesh Kumar, chief corporate affairs officer at Flipkart, told TechCrunch that the company was evaluating the agency’s response and intended to re-apply.

“At Flipkart, we believe that technology and innovation driven marketplace can add significant value to our country’s farmers and food processing sector by bringing value chain efficiency and transparency. This will further aid boosting farmers’ income & transform Indian agriculture,” he added.

While announcing the plan to enter the nation’s growing food retail market, Kalyan Krishnamurthy, Flipkart Group CEO, said in October last year that the company planned to invest $258 million in the new venture.

Flipkart planned to invest deeply in the local agriculture-ecosystem, supply chain, and work with tens of thousands of small farmers, their associations, and the nation’s food processing industry, Krishnamurthy said. The food retail unit would help “multiply farmers’ income and bring affordable, quality food for millions of customers across the country.”

Several e-commerce and grocery firms in India, including Amazon, Zomato, and Grofers, have previously secured approval from New Delhi, which earlier permitted 100% foreign direct investment in food and a handful of other sectors, for entering the food retail business.

The Indian government has since revisited the guidelines to clarify that food retail, like any other e-commerce sector, can only operate as a marketplace that allows third-party sellers to engage with buyers — and not offer their own inventories, nor have equity in any of the players who sell on the platform.

In the most recent quarterly earnings call, Walmart said limited operations at Flipkart had negatively affected the group’s overall growth. New Delhi announced one of the world’s stringent lockdowns across the nation in late March that restricted Amazon and Flipkart from delivering in many states and only sell “essential items” such as grocery and hygienic products.

India maintains the stay-at-home orders for its 1.3 billion citizens, though it has eased some restrictions in recent weeks to resuscitate the economy.

More to follow…



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Dr Jacqueline Rowarth: Are regenerative and organic farming really that climate-friendly? - New Zealand Herald

Dr Jacqueline Rowarth: Are regenerative and organic farming really that climate-friendly?  New Zealand Herald

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A growing concern: Vt. vegetable farmers pivot due to COVID - Rutland Herald

A growing concern: Vt. vegetable farmers pivot due to COVID  Rutland Herald

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EU Proposes 2030 Goal to Reduce Pesticide Use by 50% and Increase Arable Land in Organic Production by At Least 17% - Beyond Pesticides

EU Proposes 2030 Goal to Reduce Pesticide Use by 50% and Increase Arable Land in Organic Production by At Least 17%  Beyond Pesticides

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Is looting covered by insurance? Depends on the business

National chains' losses are covered by large insurance policies. But the financial impact on small businesses varies widely.



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Tia Health, the developer of a network of digital wellness apps, clinics, and telehealth services focused on women's health, raises $24M Series A (Jonathan Shieber/TechCrunch)

Jonathan Shieber / TechCrunch:
Tia Health, the developer of a network of digital wellness apps, clinics, and telehealth services focused on women's health, raises $24M Series A  —  Tia Health, the developer of a network of digital wellness apps, clinics and telehealth services designed to treat women's health holistically …



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Singapore’s micromobility startup Beam raises $26 million

Beam, a Singapore-headquartered micromobility firm that offers shared e-scooters, has raised $26 million in a new financing round as it looks to expand its footprint in Korea, Australia, Malaysia, New Zealand, and Taiwan.

Sequoia India and Hana Ventures led the two-and-a-half-year-old startup’s Series A financing round, while several more investors from Asia Pacific region participated, Beam said without disclosing their names. The startup has raised $32.4 million to date, a spokesperson told TechCrunch.

Beam, like Bounce and Yulu in India, offers electric scooters in the aforementioned five markets. Electric and gasoline scooters have become popular in several Asian nations and elsewhere as people look for alternative transportation mediums to move around faster and at less cost.

While these vehicles make inroads into various markets, it’s also not uncommon to find these scooters abandoned carelessly in the streets. Beam said unlike other startups, it incentivizes its riders through in-app offers to park the scooters at predetermined spots.

“I’m really excited about our new technology and its ability to reduce the problems associated with randomly scattered scooters around a city. This helps us to further improve our industry-leading vehicle retention rates, reduce operational costs, and most importantly, benefits communities by keeping city streets neater,” said Beam co-founder and chief executive Alan Jiang.

Beam, which did not disclose how many customers it has amassed, will use the fresh capital to grow its operational and engineering focus and grow deeper in its existing markets, it said. It will also “accelerate” the launch of its third-generation e-scooter, the Beam Saturn, which features swappable batteries, improved build, to more markets, it said.

Abheek Anand, Managing Director at Sequoia Capital India, said Beam’s collaboration with regulators, technology, and insights into the transportation landscape stand to give it an edge in the Asia Pacific region.

The startup’s fundraising comes at a time when many young firms, especially those operating in transportation category, in Asia are struggling to raise capital. Beam said it had implemented stringent cleaning and operations practices to limit the possibility of virus transmission to allay riders’ concern.



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Amazon will take robot cars to a whole new level | Commentary

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Buckeye Trail, OUE alums take Nashville by storm - New Philadelphia Times Reporter

Buckeye Trail, OUE alums take Nashville by storm  New Philadelphia Times Reporter

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HyPoint's "turbo fuel cells" promise huge range and power for eVTOLs

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COVID-19 Sparks a Rebirth of the Local Farm Movement - EcoWatch

COVID-19 Sparks a Rebirth of the Local Farm Movement  EcoWatch

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Facebook Shops integration with Shopify is good for Shopify merchants, but using Facebook Checkout limits the upside of Shopify's own payments offering (Ben Thompson/Stratechery)

Ben Thompson / Stratechery:
Facebook Shops integration with Shopify is good for Shopify merchants, but using Facebook Checkout limits the upside of Shopify's own payments offering  —  In the month since I wrote The Anti-Amazon Alliance, there has been two significant announcements from two of the principals in that alliance:



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A look at recent statements by tech companies, including Amazon, T-Mobile, Microsoft, and others, regarding racism in America (Taylor Soper/GeekWire)

Taylor Soper / GeekWire:
A look at recent statements by tech companies, including Amazon, T-Mobile, Microsoft, and others, regarding racism in America  —  Comments Share 70 Tweet Share Reddit Email  —  Seattle tech giants Amazon and Microsoft issued statements this weekend in response to the outrage and protests …



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Black Lives Matter, Online and in the Streets: Statement from EFF in the Wake of the Police Killings of Breonna Taylor and George Floyd

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What Would The Internet Look Like If America Repeals Section 230?

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Top 10 trending phones of week 22

A fee new phones premiered in week 22 and two of them ended up on top of our trending chart - the Redmi 10X Pro just edged out the Nokia C5 Endi. Meanwhile the Redmi Note 9S managed to gain a position and take the last podium spot as the Samsung Galaxy A51 had to settle for fourth. Sony's new flagship - the Xperia 1 II is starting to make its way to stores and that helped boost its popularity and propel it to fifth. The Redmi Note 8 pair follows - the Pro ahead of the vanilla version. Following them is the Realme 6 Pro, which makes a return to the chart. The Apple iPhone SE...



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Tim Cook, in a memo to staff addressing racism in US, says Apple will give to non-profits like Equal Justice Initiative, match staff donations 2-to-1 in June (Mark Gurman/Bloomberg)

Mark Gurman / Bloomberg:
Tim Cook, in a memo to staff addressing racism in US, says Apple will give to non-profits like Equal Justice Initiative, match staff donations 2-to-1 in June  —  - Tim Cook writes letter to employees after George Floyd killing  — Apple donating to equal justice, human rights groups, CEO says



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Zuckerberg Says He’s ‘Struggling’ With Trump’s Latest Posts But Leaving Them Up

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The Minneapolis Police Department’s website has shown signs of a hack since late Saturday, days after a video purported to be from the hacktivist group Anonymous promised retribution for the death of George Floyd during an arrest.

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Tesla's cars aren't perfect — here are all their most disappointing features

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Viewpoint: To feed the world with minimal environmental impact, we can't rely on organic farming - Genetic Literacy Project

Viewpoint: To feed the world with minimal environmental impact, we can't rely on organic farming  Genetic Literacy Project

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Biodiversity, Organic & Alt Protein Push: An Inside Look At The EU’s Mega Plan To Transform Their Food System - Green Queen Media

Biodiversity, Organic & Alt Protein Push: An Inside Look At The EU’s Mega Plan To Transform Their Food System  Green Queen Media

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Spain-based Freepik, a freemium vector graphics and stock photos marketplace, acquired by PE firm EQT; local news report says deal values Freepik at €250M (Natasha Lomas/TechCrunch)

Natasha Lomas / TechCrunch:
Spain-based Freepik, a freemium vector graphics and stock photos marketplace, acquired by PE firm EQT; local news report says deal values Freepik at €250M  —  Freepik, a Malaga-Spain based website which offers a curated freemium marketplace of vector graphics and stock photos fed …



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Berlin-based smava, an online portal that helps consumers compare loans offered by over 20 banks and lending partners, raises €57M in debt and equity (Annie Musgrove/Tech.eu)

Annie Musgrove / Tech.eu:
Berlin-based smava, an online portal that helps consumers compare loans offered by over 20 banks and lending partners, raises €57M in debt and equity  —  Berlin-based Smava, a credit comparison platform that offers cheaper loan options to consumers, has raised €57 million from Kreos Capital …



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Hacktivist Group Anonymous Takes Down Minneapolis PD Website, Releases Video Threatening To Expose Corrupt Police Officers

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Mark Zuckerberg says Facebook left up Trump posts because "we should enable as much expression as possible"

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Mark Zuckerberg Profits from Rage as Much as Donald Trump Does

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Google postpones Android 11 unveiling amid U.S. protests

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What Time Is the SpaceX Arrival at the Space Station? How to Watch

Nineteen hours after launching, two NASA astronauts will arrive at the International Space Station.

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OnePlus Bullets Wireless Z Review

The Bullets Wireless Z are the third pair of wireless earphones from OnePlus. A replacement to the excellent Bullets Wireless 2 from last year, the Bullets Wireless Z are meant to be a more affordable option, while matching the design and features of its predecessor. The Bullets Wireless Z are the cheapest wireless set from OnePlus so far, with the US pricing being half what the Bullets Wireless 2 cost. In India, the Bullets Wireless Z costs a third of the Bullets Wireless 2 and half of the original Bullets Wireless. In fact, the INR1,999 price is the lowest anywhere in the world and...



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Pie Insurance, a startup offering an automated online service that provides small businesses with workers' compensation insurance, announces $127M raise (Mary Ann Azevedo/Crunchbase News)

Mary Ann Azevedo / Crunchbase News:
Pie Insurance, a startup offering an automated online service that provides small businesses with workers' compensation insurance, announces $127M raise  —  Pie Insurance, a Washington, D.C.-based startup offering workers' compensation insurance to small businesses, announced this morning …



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Dragonship Endavor OS and Gui language

Anyone have any links or information on what os is the dragonship system(s) running? Im also curious about the language that is used to code the gui that astronauts have on three 3 screens?

Thanks

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How did mobile phone get so cheap?

My father brought a nokia phone that was priced 240 dollars on 2003 ( I think ). It didn't have good screen, have to use buttons, had very) ow storage. 15 years after I got a xiaomi redmi note 5 dual ai smart phone. It had great display, toch screen, it can do many things that my dad's Nokia couldn't it was made of aluminum. How did phones get so cheap!

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The pandemic pushed Amazon to its breaking point, prematurely delivering a future it has been planning for, where whole categories of physical retail are closed (John Herman/New York Times)

John Herman / New York Times:
The pandemic pushed Amazon to its breaking point, prematurely delivering a future it has been planning for, where whole categories of physical retail are closed  —  To hear more audio stories from publishers like The New York Times, download Audm for iPhone or Android.



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US to join Global Partnership on AI, set up to counter China's influence in development of AI technologies, becoming the last of the G-7 countries to sign on (Max Chafkin/Bloomberg)

Max Chafkin / Bloomberg:
US to join Global Partnership on AI, set up to counter China's influence in development of AI technologies, becoming the last of the G-7 countries to sign on  —  The U.S. plans to join an international organization that will advise companies and governments on the responsible development …



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Watch NASA astronauts fly SpaceX’s Crew Dragon using touchscreens

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This thing was just installed in my neighborhood on top of a pole near my house. Anyone know what it could be?

Any help would be appreciated thanks!

https://i.imgur.com/g9GInEi.jpg

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Elon Musk said he was 'overcome with emotion' over SpaceX launch and the task of bringing astronauts home: 'I'm getting choked up, I'm sorry.'

elon musk spacex demo 2 launch nasa

Elon Musk struggled to describe how he felt after SpaceX, the company he founded in 2002, launched its first people into Earth's orbit on Saturday.

At 3:22 p.m. ET, a Falcon 9 rocket lifted off from Cape Canaveral, Florida, carrying the Crew Dragon spaceship that SpaceX designed and NASA funded. Inside sat two NASA astronauts: Bob Behnken and Doug Hurley. spacex demo 2 launch

It's the first time a commercial spacecraft has carried humans into space, and the first time astronauts have launched from the US since the end of the Space Shuttle Program nine years ago. 

"I'm really quite overcome with emotion on this day. It's kind of hard to talk, frankly," Musk told reporters in a call after the launch. "I've spent 18 years working toward this goal, so it's hard to believe that it's happened."

Currently on board the Crew Dragon and orbiting Earth, Hurley and Behnken will test some of the spaceship's systems, eat, and sleep before they're scheduled to join the International Space Station on Sunday at 10:27 a.m. ET.

"It is a little hard to process. I think at this point I haven't sorted out my emotions," Musk said. "This is hopefully the first step on a journey towards civilization on Mars, of life becoming multiplanetary, a base on the moon and expanding beyond Earth."

Here's what Musk shared about his feelings leading up to the launch, his fears going forward, and his responsibility for the lives of the astronauts on his company's spaceship.

By Saturday, Musk said, 'I didn't feel nervous'

elon musk demo 2 launch success hugging brother cropped

The Demo-2 launch was originally scheduled for Wednesday afternoon. Behnken and Hurley boarded the Crew Dragon, and the rocket was filled with propellant below them, but bad weather forced NASA and SpaceX to scrub the launch just 17 minutes before liftoff.

"On Wednesday during the first countdown my adrenaline was railed at 100%, and when the launch was called off it went to 0%," Musk said. "I just basically collapsed and slept for the longest time I've slept in probably a year."

The next launch preparation, on Saturday, was a different story.

"Oddly enough, today, I don't know, it felt like the fates were aligned and I didn't feel nervous," Musk said. "I felt like it was going to work."

Though weather forecasts were similar to Wednesday throughout Saturday morning, the clouds cleared about an hour before launch, making way for the Falcon 9 rocket to hurtle Behnken and Hurley into space.

'We've done everything we can to make sure your dads come back OK.'

spacex astronauts crew dragon families

Behnken and Hurley each have a young son. Their wives are also astronauts, and they all waved goodbye before the men climbed into a Tesla to drive to the launchpad.

NASA TV microphones picked up Behnken telling his son: "Be good for mom. Make her life easy."

When asked about his responsibility for the men's lives, both as SpaceX CEO and as a dad himself, Musk noted that the mission had just begun. The astronauts must dock to the space station, live there for up to 110 days, ride the Crew Dragon on a fiery fall through Earth's atmosphere, and splash down safely off the coast of Florida.

"The return is more dangerous in some ways than the ascent, so we don't want to declare victory yet," he said. 

Then he stuttered and went silent. Finally, he said, "I'm getting choked up, I'm sorry, I'm not sure I can answer the question."

spacex nasa demo 2 elon musk astronauts bob behnken doug hurley

Musk has previously expressed concern about the spaceship's reentry. The asymmetric design, he has said, could cause the ship to rotate too much as it hurtles through Earth's atmosphere, catch plasma in its thrusters, overheat and lose control. He has also noted a concern about the ship's parachutes, which must deploy to slow down the Crew Dragon as it falls through thicker atmosphere.

Musk told NASA TV on Wednesday that he had spoken with the astronauts' families before they boarded the spaceship for the first launch attempt.

"I felt it most strongly when I saw their families just before coming here," he said, pausing for a few seconds and appearing to gather himself before continuing. "I said, 'We've done everything we can to make sure your dads come back OK.'"

spacex demo 2 launch astronauts families elon musk crew dragon

On May 23, NASA told Business Insider that it estimated there was a 1-in-276 chance that the flight could be fatal and a 1-in-60 chance that a problem would cause the mission to fail (but not kill the crew).

Behnken and Hurley, for their part, have accepted the risk.

"I think we're really comfortable with it," Behnken told Business Insider on Friday.

Despite the uncertainty of the mission's future, the astronauts, NASA officials, and Musk all expressed pride in the achievement of launching astronauts aboard the new spacecraft.

"We haven't quite yet docked to the space station, and of course we have to bring them back safely, and we need to repeat these missions, and have this be a regular occurrence, so it's a lot of work to do. But it's just incredible," Musk added. "It's something that I think humanity should be excited about and proud of."

SEE ALSO: Meet Doug Hurley and Bob Behnken, 2 'badass' astronauts, engineers, and dads poised to make history for SpaceX, NASA, and the world

DON'T MISS: Elon Musk told NASA astronauts' kids ahead of the SpaceX launch, 'We've done everything we can to make sure your dads come back OK'

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NOW WATCH: Elon Musk's multibillion-dollar Starship rocket could one day take people to the moon and Mars



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Sensor Tower: Mobile game publishers continue to reach $1M at high rates

Sensor Tower reports that many mobile game publishers are hitting the $1M earnings milestone in 2021 -- though not as many as in 2016. Rea...