New tech, mobility drive consumer decisions: KPMG Rpt. | KPMG United States
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New Technologies, Mobility Driving Consumer Decision-Making: KPMG Report

New tech, mobility drive consumer decisions: KPMG Rpt.

Online reviews, digital economy, new apps changing behavior.


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Customer behavior and purchase decision-making is growing increasingly complex, driven by multiple factors that include accelerated mass adoption of new technologies and mobility, according to KPMG. In a new KPMG report, Me, My Life, My Wallet, the firm introduces a new customer engagement framework that is designed to help businesses understand the forces that influence decision-making and preferences of today’s customers.

The KPMG report presents the “Five Mys” to help navigate the complexity of consumer decision-making – and includes a survey of 10,000 consumers globally, including 2,500 in the United States. The survey shows that new technology platforms have upended the old ecosystem of what, when and why to explain how consumers open their wallets to buy something.

“How companies understand their customers and respond to their unmet needs has changed drastically,” said Julio Hernandez, head of KPMG’s Global Customer Center of Excellence and U.S. Advisory Customer Solutions lead partner. “Differentiating your products, services and experiences requires a deep understanding of the trade-offs customers are willing to make, as well as the forces impacting their decision to open and close their wallets.”

In fact, the KPMG survey found that, 57 percent of U.S. respondents said they would like technology and apps to automatically filter information for them, while 54 percent reported looking at their phone screens every five to 30 minutes without being prompted.

Rise in Digital Media Consumption and Trustworthiness of Online Reviews
The KPMG report indicates that the United States has the highest media and digital media consumption compared to the rest of the world, with new consumption via social media on the rise. What’s more, U.S. consumers also demonstrate more trust in online reviews.

Connectivity on mobile devices is also on the rise in the U.S., with 43 percent of users receiving a notification on their phone at least every 10 minutes.

“Ordering and paying for goods and services on mobile devices is becoming the norm, which is why we’re seeing significant investments by retailers in the mobile consumer experience,” said Mark Larson, national leader of KPMG’s Consumer & Retail practice. “This holiday shopping season you can expect to see new forms of mobile interaction with consumers, from advertising and in-store engagement, to predictive analytics and checkout processes. Companies need to adjust to customers’ increasing dependence on mobile devices and provide frictionless experiences and on-demand services for everything from food to a pet grooming.”

The underlying drivers of human decision-making have become exponentially more complex in recent years. Yet transactional data, traditional market research and demographic profiles alone are proving inadequate to explain not just what customers are doing, but why.

“Making sense of the signals of change is critical to keeping up with your evolving customers. Finding the right ways to mine and analyze these signals will help companies better predict customers’ changing needs and expectations,” said Colleen Drummond, head of KPMG Innovation Labs and a partner with KPMG in the U.S.

KPMG’s ‘Five Mys’ framework is designed to help strengthen businesses in the race to the customer. The ‘Five Mys’ include:

  • My motivation – characteristics that drive behavior and set our expectations.
  • My attention – ways we direct our attention and focus.
  • My connection – how we connect to information, devices and each other.
  • My watch – how we place a value on time and manage its constraints.
  • My wallet – how the spend and save functions of our wallet change during our lives.

KPMG’s report, Me, My Life, My Wallet, is based on comprehensive, customer-focused research methodology from KPMG’s Global Customer Centre of Excellence and the KPMG Innovation Labs. To access the report, please click here:


KPMG LLP, the audit, tax and advisory firm (, is the independent U.S. member firm of KPMG International Cooperative (“KPMG International”). KPMG International’s independent member firms have 189,000 professionals, including more than 9,000 partners, in 152 countries.


Andreas Marathovouniotis
917-957-1174 (c)

Christopher Bacey
908-797-5143 (c)

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