Redefining luxury consumption in the age of Artificial Intelligence

Éditeurs invités

  • Victoria-Sophie Osburg, Catholic University Eichstätt-Ingolstadt
  • Dina Khalifa, Regent's University London
  • Jonas Holmqvist, KEDGE Business School Bordeaux
  • Vignesh Yoganathan, Aston University

Synthèse

The concept of luxury is undergoing significant changes in the digital age, merging traditional ideas of exclusivity and craftsmanship with innovative digital experiences. Technology increasingly influences our daily lives as luxury brands increasingly apply digital tools to enhance the customer experience, reshaping the luxury markets and fundamentally altering how luxury is perceived, experienced, and consumed. Additionally, changing societal norms and consumer expectations require luxury brands to engage in new ways, such as through brand activism. This transformation impacts how luxury brands connect with consumers and deliver value.

Virtual contact points are increasingly replacing or supplementing human interactions, providing personalized and seamless experiences. Consumers can now display their luxury consumption on social media and explore and interact with luxury products through immersive virtual experiences, such as digital flagship stores, which blur the lines between physical and digital realms. Furthermore, digital technologies enable unprecedented levels of personalization.

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Thèmes proposés

  • Drivers of consumer adoption of technological solutions in luxury markets
  • The evolving understanding of luxury among consumers in the digital age
  • The impact of digital technologies on luxury value perceptions and consumer experiences
  • Consumers' preferences and needs regarding the joint implementation of technology and a human touch in luxury consumption
  • Consumer reactions to virtual luxury goods and experiences
  • Consumer agency and engagement in luxury through digital tools
  • Tensions that consumers face when brands integrate luxury with technology
  • Luxury brands' opportunities to navigate technological innovation while maintaining brand heritage
  • Managing the paradox of the ephemerality of technology with the permanence of luxury brand identity
  • The role of social media and influencers in shaping digital luxury consumption, including virtual influencers
  • The integration of physical and digital luxury experiences in omnichannel strategies
  • Consumers' ethical considerations in virtual luxury markets, including sustainability, traceability, and inclusivity
  • Generational differences in the adoption of digital luxury experiences and how luxury brands can cater to cross-generational consumer needs