Data Story
We attended Zoom's annual product event Zoomtopia 2022 this week and the stat that stood out to us was the amount of time wasted toggling from an app or website.
Side note! The product announcements were very impressive. They have an email product and a calendar product coming out. Meaning Zoom is trying to solve more than your meeting.
Back to the data. The math was simple. It takes 2 seconds to toggle between apps, the average user toggles nearly 1,200 daily, leading to 4 hours each workweek.
Talk about the small things that can improve productivity. At Avory, we are hyper-focused on productivity. Take this newsletter for example. The data we share isn't hunted down for the newsletter but rather data that is sourced through the analysis of our day-to-day.
Potential Investment Implications
As you may know, our investment philosophy is around problem-solving. What problems exist today and what companies can solve them profitably where users and shareholders benefit. The toggling problem opens the door to opportunities, and those companies that are building productivity platforms have a tailwind here.
Watch Zoomtopia Product Announcements
Disclaimer: See the disclaimer page. Not a recommendation to purchase or sell any securities mentioned.