Digital Transformation
5 likes1,332 views
This webinar presentation discusses digital transformation and how companies can adapt to changing consumer expectations and behaviors in the digital age. The presentation defines digital transformation as realigning technology and business models to engage customers at every touchpoint. It discusses how mapping customer journeys can reveal how consumer habits now outpace organizations. The presentation also addresses common inhibitors to change and recommends forming cross-functional digital teams with clear roles and direct executive support to drive transformation initiatives.
Digital Transformation
- 2. Welcome!! Brian Solis! Principal Analyst! Jaimy Szymanski! Senior Researcher! Slides and this recording will be emailed to you after this webinar.! Use the Readytalk control panel to submit questions at any time.! #DigitalTransformation!
- 3. Read the Open Research report! · Download at ! AltimeterGroupDigitalTransformation.com! · Based on! · Interviews with 20 ecosystem contributors from companies undergoing digital transformation in 2013 and 2014! · Survey of 59 digital strategists and executives at companies in Q1 2014!
- 6. In this report, we do not tackle enterprise-wide digital transformation. Instead, we conducted our research through the lens of customer experience to learn how companies are adapting to new consumerism. !
- 7. Altimeter Group defines digital transformation as:! ! The re-alignment of, or new investment in, technology and business models to more effectively engage digital consumers at every touchpoint in the customer experience lifecycle. !
- 8. Politics.! Egos.! Self-preservation.! Lack of understanding and expertise.! Not my job.!
- 9. Digital transformation represents the quest to understand how disruptive technology affects the digital customer experience.!
- 11. Change has to start somewhere.
- 16. Customer journey mapping yields a new understanding that consumer habits and expectations are outpacing current organizational infrastructures. ! As consumption habits shift, brands require media ubiquity! • What uniquely defines the persona of our customers? • What is different about their customer journey? • What are the touchpoints they frequent, how do they use them, and with what devices? • What are their expectations, what do they value, and how do they define success? • How are they influenced, and by whom? How and whom do they in turn influence?
- 18. THIS LEADS US TO THE ! CONCLUSION THAT EVEN WHEN ! EXPLICITLY DEFINED, ! THE TERM “DIGITAL TRANSFORMATION” IS STILL MISUNDERSTOOD. "
- 21. “For a long time, we’ve been based in TV and print, and digital extension was just a microcosm of the traditional campaign. Our CMO Jim Farley is challenging teams now to think digitally first.” ! – Scott Monty, Ford
- 22. Digital first requires that strategists re-imagine the entire journey where digital is not only first, it is fundamental. Efforts are most meaningful when they consider the broader picture of customer behavior in an attempt to answer the question, “What would my digital customer do?”
- 23. Digitally savvy executives recognize the need for digital transformation."
- 32. Cross-Functional Digital Hubs Thrive When Roles and Responsibilities Are Formally Defined, Empowered, and Managed! ! · Digital hubs with cross-functional members also include resource-focused, decision-making departments, such as IT, HR, legal, and compliance.! · Leaders of the digital hub must assign and accept roles and responsibilities to divide and conquer against the many competing priorities that will naturally emerge.! · Our research shows that these special groups report directly to the C-Suite to continue to earn buy-in, but more so to educate leadership in new ways to engage customers so that they become company-wide priorities.!
- 33. Digital transformation is rife with inhibitors. Change takes collaboration, resources, leadership, and an understanding of its business value. ! ! In organizing or reorganizing for digital transformation, companies must approach challenges head-on to create a seamless ! digital experience that meets consumer expectations at every touchpoint."
- 37. Digital transformation teams are a sign of formalized change efforts! · Special workgroups are forming to explore and expedite transformation. ! · Executive support brings people together from different groups to collaborate on solutions.! · IT is an ideal ally to change agents and DCX teams in impacting the customer journey and streamlining digital transformation.!
- 38. Marketing IT
- 39. Marketing IT MIT
- 40. “These two functions have tremendous ability to impact customer experience through change. Marketing defines the vision of the company and value proposition for our customers, while IT touches and enables every part of our business and is the ultimate orchestrator of change. Combining these two functions allows us to more effectively align our strategy and execution to become a more customer solutions-driven business.”! - Grant Ferguson, Motorola Solutions
- 41. “Digital and IT have to be in lock-step. What goes out the window is finger pointing, and hand holding comes in. IT participates in every meeting to understand goals and objectives and to provide inventive but realistic solutions, timelines, and costs.” ! ! - Bridget Dolan, Sephora!
- 43. Digital transformation carries expectations that its impact can be measured at both business and customer levels.!
- 46. There are only two ways to ! influence human behavior: ! manipulate it or inspire it!
- 47. Born Digital! Information, products, services, and supporting systems that align with expectations and behaviors of Generation C… consistently, seamlessly, across every screen in every scenario.!
- 48. It takes empathy. It takes courage. It takes vision. It takes resilience.
- 49. Thank You! Questions?! Brian Solis! brian@altimetergroup.com! briansolis.com! @briansolis! ! Disclaimer: Although the information and data used in this report have been produced and processed from sources believed to be reliable, no warranty expressed or implied is made regarding the completeness, accuracy, adequacy or use of the information. The authors and contributors of the information and data shall have no liability for errors or omissions contained herein or for interpretations thereof. Reference herein to any specific product or vendor by trade name, trademark or otherwise does not constitute or imply its endorsement, recommendation or favoring by the authors or contributors and shall not be used for advertising or product endorsement purposes. The opinions expressed herein are subject to change without notice.! ! Altimeter Group provides research and advisory for companies challenged by business disruptions, enabling them to pursue new opportunities and business models. ! Jaimy Szymanski! jaimy@altimetergroup.com! jaimyszymanski.com! @jaimy_marie!