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Video Is Changing Businesses, Education, And Careers

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Video seems to have existed for a long time, decades even. Why then, is it causing such consequential changes now? The 21st century has so far proven itself to be the fastest-paced time in human history. This change has prompted conventional industries and organizations to shed their old practices and embrace the digital current. A key aspect of this sweeping current is the refinement and accessibility of video, and its overwhelming presence online. The “viral video” is a key component in the Internet space, and has amassed so much esteem and regard, that it has allowed average individuals to cross over and be showcased in mainstream media. Viral videos usually make an appearance on the main broadcasting channels or on shows like The Ellen DeGeneres ShowThe power and scope of video is not limited to viral pieces alone. Entertainment and humor from short clips online, videos have extended to impact every aspect of the physical world from business, current affairs, and education. A single, powerful device has found decades’ worth of practices and assumptions to uproot and revolutionize. A prime example is the mannequin challenge, were people freeze in action for about one min. It all started as a college challenge, filmed on a smartphone and shared on Facebook.

Businesses

Businesses have undoubtedly experienced the most positive change with the dominance of video. Videos are now widely used to market products and services that businesses may have to offer. This form of marketing has proven to be more concentrated and effective, and each video is a result of high-end production value and laser-like focus on a target audience’s consumption and response patterns.

With the popularity of social networking platforms and the sheer amounts of site traffic, businesses have taken to video to trace online patterns and usage to target advertisements accordingly. This makes for marketing campaigns to be far more lucrative in that they reach the intended audience at optimal times. Video production and video marketing services are encouraging businesses in all fields to use video to attract customers and to reach a new level of engagement.

A teenager scrolling through Facebook with a particular bias towards beauty will have makeup advertisements come across as an endorsed video of a particular brand. Likewise, if any user’s online preferences and behavior lean towards software and technology, they are more likely to find a few marketing videos related to the subject during their usual scrolling.

Video is increasingly used in presentations and orientations, to better accustom fresher recruits with business models and practices. A short 5- minute video outlining the core philosophy of a business has a better chance at engaging investors. The online fundraising website, Kickstarter, requires pitchers to publish a video alongside their business model which details their entire product at length. This specific video alone has the power to make or break potential investment deals, and startups often allow a lot of time and attention to go into making this short video exceptional.

Video calling and conference calls are slowly becoming somewhat of a norm. Businesses have found video to be an ever-helpful alternative. Not only are calls easy to arrange and connect, but they can be carried out on short notice and dramatically reduce the costs that usually go into long-winded business trips.

Video is also increasingly used by businesses in training initiatives and programs. This practice stems from the vast amounts of scientific evidence available that proves how learning and retention is linked with visual and sound aid.

Education

Statistics, numbers, and information are better processed via visuals. 40% of the brain’s nerve fibers are connected to the retina, which makes the brain’s ability to process visuals much more efficient than computing text. This is the reason why video is assuming a more dominant position in modern education and teaching processes.

According to the Visual Teaching Alliance, visuals are processed up to 60,000 times faster than plain text. This has greatly impacted the way teachers approach their jobs, and has allowed a number of companies to invest in the market of providing educational material that supports visual-aid.

Providing visual aid does not only translate into a positive increase in scores, averages, and performance values; the key here is retention and comprehension, and how researchers have discovered that visuals and video improve learning by 400%. Schools and colleges are now reinforcing video in curriculums and courses, to make teaching programs more efficient. The end result is a more competent, able, and lucrative job force, that is able to approach various areas of business with fresh perspectives and ideas. Video is quite literally aiding the development of a smarter, more skilled workforce for future generations. This has vastly changed career dynamics and competitiveness, as well as opened up new careers and professions.

The reach and influence of video is only expected to expand in the coming years. Educational institutions all across the world have begun to replace conventional paper-bound textbooks with iPads containing downloadable texts that feature a number of videos. For subjects such as History and Science where greater retention is required these videos prove themselves to be extremely efficient.

Careers

People can now form functioning careers out of video. The second-most popular website globally, YouTube, is a video sharing network that features a considerably substantial amount of online content creators and entrepreneurs.

These “YouTubers” have managed to gather millions of devoted followers, and content creation has become nothing short of a highly successful career for many of them. These individuals earn a considerate amount yearly by simply creating engaging and thought provoking content with paid endorsements and advertisements. Majority of these online personas go on to star in movies and series, become best-selling authors, and go on world tours. Video has opened platforms that seemed impossible before.

There are a number of Internet celebrities that started off with uploading shaky footage, and have now catapulted into mainstream media platforms. Comedian Bo Burnham began his career 10 years ago in his room, where he recorded himself singing his own pieces. Today, the 27 year old has two specials on Netflix, and has been able to tour and perform stand-up comedy on live television shows.

Leading online sites such as BuzzFeed and NowThis offer 30-second videos to viewers that cover a range of topics. Anything between politics, current affairs, style, and technology trends are covered via short, informative videos. These have become nothing short of the evening news bulletin for much of the online crowd today.

As this year comes to a close, one can only help but marvel at the revolutionary leaps and bounds video has taken recently. What began as an innocent medium to share engaging content and media, has now transformed into something of a business essential, a corporate tool, and a socio-political rallying-point. Though video is still overwhelmingly used for various purposes, a sizable chunk of leading businesses and social institutions have discovered that video may be an excellent tool to engage, market, relay, and educate.

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These Are All of the Industries Experiencing The Amazon Takeover

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Amazon’s continuous growth is prompting the company to expand into a variety of industries well beyond their initial scope of electronic commerce. Beginning as an online bookstore, Amazon now represents the most valuable United States retailer regarding market capitalization. Amazon founder Jeff Bezos is presently the world’s richest personA combination of success and drive for constant expansion is resulting in an Amazon takeover of several important industries. Amazon still reigns supreme as an online retailer, though clearly that title alone is not enough to satisfy Bezos. His areas of interest are vast, including the following.

Brick-and-Mortar Retail

Just last year, the Amazon takeover included Whole Foods, where they were acquired for $13.7 billion. The move continues Amazon’s battle with Walmart to reign supreme in the retail space. On the other side, Walmart is continuing to refine their online space, while remaining America’s top employer. The battle between these two giants will continue to wage on, with Amazon’s interest in the brick-and-mortar space being no secret.

Even before the Whole Foods acquisition, Amazon’s plans to build convenience stores and curbside pickup locations shows a deep infatuation with becoming a strong brick-and-mortar presence. Beyond a mere presence, Amazon is confident that consumers will continue embracing a model that allows them to order online and pick up in person.

Amazon’s opening of the Amazon Go Store in Seattle in January marks an exciting time for these interests. Customers enter the store and scan their Amazon Go app as they do. Cameras and other sensors track customers’ activity as their browse, registering an item into their virtual cart when they take it off the shelf. Customers are charged when they leave the store with their goods. Amazon terms the idea “Just Walk Out” shopping and hopes to attract customers who despise waiting in lines, as many do.

Amazon’s reshaping of the typical brick-and-mortar presence is introducing consumers to new ideas like “Just Walk Out” shopping. Combined with the acquisition of Whole Foods, the company will without a doubt continue to redefine the brick-and-mortar shopping experience.

Delivery

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Amazon has been shaping the delivery industry for many years now, especially since Amazon Prime’s introduction in 2005. The company’s vow to deliver items to Prime customers in two days or less still presents a challenge to online retail competition, who are well aware that they must match these shipping expectations or compensate in some other way, like offering lower prices. Meeting Amazon’s delivery promises and their costs is a major challenge, especially to new eCommerce businesses.

Beyond Amazon Prime’s major influence on shipping expectations among online retailers, Amazon is redefining what the delivery space means through their utilization of drone technology. Specifically, Amazon Prime Air is introducing a new delivery system, where unmanned aerial vehicles can safely get packages to customers in 30 minutes or less.

Amazon, already familiar with quick parcel delivery, is upping the ante even more in the delivery industry with such lofty ambition. Still, with a private trial already underway in the UK, Amazon Prime Air and the use of drones in delivery is a very real aspect of the future. Upon receiving the regulatory support, we can anticipate Amazon Prime Air to be an option for many.

Technology

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It makes sense that Amazon is continuing to make significant moves in the tech sphere. There’s no doubt regarding the company’s technical expertise and how technology can accommodate access to their variety of products.

Among their technological products is Amazon Fire TV, which streams live TV and enables users to watch hundreds of shows and movies. There’s also the Amazon Kindle Fire, which capitalizes on Amazon’s vast digital library in the form of a tablet computer with a seven-inch multi-touch display. Many still view Kindle Fire as a strong competitor to Apple’s iPad.

Amazon’s Dash buttons, while simple, are also an exciting addition to their array of tech. The Dash Button is a single-function controller that consumers can place around their house near items that need replenishing. Need a new order of Tide paper towels? Order a specific Dash button for Tide, put it near the towels and press the button when you notice them running low. They will then arrive on your doorstep in a couple of days.

Entertainment

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Amazon Prime offers much more than free two-day shipping. One of Prime’s most notable benefits is the increasingly impressive Amazon Video platform. The Amazon Prime Video show Transparent won the Golden Globe Award for Best Television Series, Musical or Comedy in 2005, while 2017 Oscar Best Picture nominee Manchester by the Sea is also developed by Amazon Studios.

Amazon is increasing their influence in both TV and film by producing excellent content, including many notable releases in development. They’re emerging as a viable competitor to cable, Netflix and Hulu.

Whether a consumer prefers reading a book or watching a movie, Amazon is seeking to have the entertainment niche covered.

Is This Amazon’s Peak?

Amazon’s firm grasp across multiple industries begs the question: Is this Amazon’s peak? While it’s impossible to tell definitively, stockholders should monitor the situation closely. Amazon has been a model of consistent growth since 2000. Presently, Amazon’s stock trades for approximately 130 times the business’s projected earnings for 2018 and almost four times its projected sales for 2018.

These growth prospects rely on revenue per customer growth. Although there will certainly be customers who increase their spending on Amazon, it’s difficult to think of any huge breakthroughs or offerings that will prompt more revenue per customer, especially upon Prime’s increase to $119 per year. Many customers may opt to spend that on a Costco membership instead.

Additionally, it’s important to note that Amazon’s acquisition of Whole Foods plays a significant role in the stock increases the past year for Amazon. The market seems to be operating under an assumption that Amazon will make a similarly buzzworthy acquisition this year, which is far from a given.

Still, even if market projections seem a bit optimistic at the moment for Amazon, there’s no doubting that the company will continue playing a significant role in shifting expectations within several industries, from delivery and entertainment to the brick-and-mortar experience.

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Why Amazon’s Second Headquarters Should Choose Northern Virginia

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Among the top 20 shortlist for Amazon’s second headquarters, Northern, Virginia is not a stranger to the massive tech company. Amazon CEO Jeff Bezos have frequently conducted business in the region. Bezos is known to own The Washington Post and Amazon’s cloud service AWS is situated in a huge data center in the northern Virginia region. It is no surprise that Northern, VA is listed on the list. This region proved to be a safe home for Bezos’ businesses, it would only make sense that Northern, VA is the next home for HQ2.

While the nation waits for the announcements of Amazon’s second headquarters, speculations rise as Amazon employees crowd ARLnow.com. The local news-source for Arlington Virginia have reported major traffic from an internal Amazon site. The article reporting the county’s green building council had received over 6,000 page views and 3,500 visitors from an Amazon web page that is only visible to Amazon employees. Amazon’s interest in the community’s dedication to sustainability is predicted to help the company’s future development of a sustainable building of their own.

The area is surrounded by copious international airports including Ronald Reagan Washington National Airport, Washington Dulles International Airport, and Richmond International Airport for Amazon’s consideration  of transportation. The bid for Amazon had reports of the Hub property as a potential site for Amazon’s second headquarters. This 85-acre undeveloped location is near the Dulles Airport, perfect for Amazon’s demands.

Amazon’s second headquarters

Amazon announced that they are developing a second headquarter of up to 8 million square feet in order to accommodate 50,000 workers. The plan to bring in 50,000 lucrative jobs to the new location will create billions of dollars in investment for the community. This opportunity for economic expansion does not come often, but neither does a perfect business location in Northern Virginia that is close to Bezos’ other businesses.

A possible site for Amazon’s second headquarters is on the border of Fairfax and Loudoun counties along Metro’s Silver Line. “We are very excited that Northern Virginia is included on the short list as a potential location for Amazon’s second headquarters,” spoke the chairman of the Fairfax County Board of Supervisors, Sharon Bulova. “Fairfax and Loudoun counties are able to offer a great quality of life coupled with an innovative and business friendly culture for future Amazon corporate neighbors and employees. With our highly educated and talented workforce and a location close to Dulles International Airport and a new Silver Line train station, we hope we will have the opportunity to welcome Amazon HQ2 to Virginia.”

Small businesses and agencies within Virginia are able share their professional insight to Amazon now as well. This is why Amazon HQ2 Should Choose Virginia.

If you are an agency from Virginia, and wish to contribute, please fill out this form here: https://ownersmagazine.com/need-talk-marketing-pr-agencies-amazon/

*Sponsored by Penji

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Why Amazon HQ2 Should Choose Chicago

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Most of the cities on the top 20 shortlist for Amazon HQ2 had given some extreme proposals. The majority of the pick is located on the East Coast with an important city that is Chicago, Illinois. The city of Chicago is an important business hub that is currently attracting millennial entrepreneurs and corporate talents. The region offers a broad selection of professionals that are specialized in tech, logistics, advertising, and more. This is a huge bonus for Amazon if the tech company picks Chicago as the rightful city for HQ2.

Chicago ranks high in tech, affordability, and infrastructure. These benefits will fulfill Amazon in their search for employment, land, and logistics. The city offers the O’Hare International Airport and Chicago Midway International Airport to the company for traveling affairs. This is just one of the city’s proposal, the entire bid for Chicago was put together by Mayor Rahm Emanuel and Governor Bruce Rauner. There is a promising bid that if Amazon chooses Chicago, then the massive tech company will collect at least $2 billion in incentives and $1.3 billion in tax revenue back. Employees are still expected to pay the taxes, however, it would be Amazon who is receiving that money back and not Illinois.

HQ2

Image From PBS

There are 10 total potential sites to situate HQ2. One includes the Sterling Bay’s 70-acre Lincoln Yards, and many more sites including the Illinois Medical District. The forefront for a new location is The River District, Riverside Investment and Development in River West. This 37-acre site connects to Chicago’s downtown, River North, Fulton Market, and more. The best deal for any other location. 

Amazon will be able to create a substantial amount of benefits from Chicago’s bid for Hq2. Illinois has given over $1.4 billion of tax money to companies like Amazon ever since 2001 when EDGE was created. The EDGE Tax Credit Program provides tax credits for businesses that make capital investments in Illinois and more. The massive tech company is more than qualified for this program and this will be deemed beneficial to Amazon if they participate. 

The Chicago metro area grew by 0.6% and it will only get better from here. The region is populated by a big number of young and educated students from the notable schools of University of Chicago, Northwestern University, Loyola University Chicago, and the University of Illinois at Chicago. The work force in Chicago are tech driven and strives for professional support, which is an attractive atmosphere for all companies. Amazon  should be using up that advantage as well. 

HQ2

Proposals are still being presented to Amazon by representatives. Small businesses and agencies within Chicago are now able share their professional insight to Amazon. This is why Amazon HQ2 Should Choose Chicago.

If you are an agency from Chicago, and wish to contribute, please fill out this form here: https://ownersmagazine.com/need-talk-marketing-pr-agencies-amazon/

*Sponsored by Penji

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