Digital strategy is often thought of in terms of e-marketing or channels such as social media. But the impact of digital technology is being felt at a transformational level across all aspects of the business. Technology permeates every aspect of our daily lives and it is this movement that is forcing businesses to rethink how they engage with their stakeholders, partners and staff and how they serve their customer at every stage of the lifecycle.
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Organizations with High Digital_IQ: Building your #DigitalMuscles!
1. Organizations
with High #Digital
… A N D COMMO N CH A L L E N GES P US H I N G O RGA N I ZATI O N S TOWA RDS
A HOLISTIC DIGITAL BUSINESS STRATEGY
www.StratfordManagers.com @StratfordMgrsDT
2. How can organizations leverage technology to succeed,
to serve, to create competitive advantage.
3. The HOW is more important
than the WHAT
How you adapt to change
How you identify opportunities
How you execute
How you lead through change
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4. Pain Point:
The Customer Experience
Many channels (digital AND physical).
High consumer expectations
Some you own, some you don’t… think
reviews, social, consumer ratings etc.
How do you manage across different
functions or departments?
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5. People, processes and tools behind every channel
Data/
Analytics
Processes
Customer
feedback
Content/
Strategy
People
Technology
6. Paint Point:
Data. Lots of it but little insight.
According to the International Data
Corporation, just 3% of all global data is
currently tagged and ready for
manipulation and only 0.5% is used for
analysis.
@StratfordMgrsDT
8. Pain Point:
No speed bumps…
It took 70 years for telephones to reach 50% of
households
28 years for radio to reach 50% of households
10 years for internet access
It took Facebook 852 days
It took twitter 780 days
It only took Google 16 days to reach 10 million users
Source: The digitization of everything - Ernst & Young
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9. So what ARE organizations doing to build their
#DigitalMuscles? #DigitalIQ
10. Rebooting the Customer experience
#CustomerJourney
Relentless focus on understanding
customer behavior, how they want to do
business with you now, and in the future
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11.
12. OUTSIDE IN
APPROACH
DATA AND
ANALYTICS
OPTMIZE
DIGITAL
AND
PHYSICAL
STRATEGIC
CHOICES OF
DIGITAL
CHANNELS
Journey Mapping,
customer
understanding,
crowdsourcing.
Data driven
decisions.
Integrated
analytics.
Online
Services/enhance
physical services with
digital. Launch new
services
Social, mobile,
apps, web etc.
13. Vision and Governance
Change and results will come from people
knowing what the organization is striving
for and what is expected of them.
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15. New BFFs
CMO is expected to lead in
improving marketing effectiveness
and creating greater customer
insights…
Traditionally, head of IT has the last
word on all things technology…
….the most important function for
marketing to align with in this digital
shift is I.T.
16. Almost everything can be measured. But
what is meaningful? Data is to
organizations what Gatorade is to an
athlete.
Fueled by Data.
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19. Flexible. Nimble. Quick to Adapt.
Break silos. Work together to decide how
to remove obstacles. Think Big. Start Small.
#FailFast.
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20. Recap: Characteristics of High Digital IQ
1. Place the customer above all else
2. Vision and governance
3. Data driven decisions
4. Ruthless Prioritization. Digital Road Map
5. Quick to adapt. Fail fast
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21. So Now Over to You: Flex Your #DigitalMuscles and Raise
Your Organization’s IQ! YES? COMMENTS?
Notes de l'éditeur
Appreciate the opportunity to share/ discuss with you. I know you’ve taken time away from your family etc.
I am fascinated with technology. But not for the sake of technology. I’m not a gear head and you won’t find me lining up for hours in front of Apple.
I love how technology can improve our lives. How it can empower and connect.
I am fascinated with how it changes behaviours good and bad.
So, I’ve been taking that passion over the years and applying it to businesses.
Talk about the Senators also poured myself into research for about a year… and I’ve found that..
So we’ll be discussing the “characteristics or attributes” that are common to those businesses succeeding in the digital economy
I’m also going to say “consumer” a lot but this can easily be interchanged with stakeholder, donor etc.
How more important… how you develop digital muscles and reflexes
No longer a linear path to purchase / or path to conversion (if you’re a non profit/ association)
Consumers bounce from channel to channel and expect the experience to be seamless from web site to mobile to in-store
It’s more about the lifecycle than the funnel from discovery to exploration to purchase and engagement
It’s participatory in nature / less transactional
Customers or your stakeholders are always connected to each other, to the brands they love. Information about a product is as important as the product itself.
And how is it driving value?
Digital impacts all departments from customer service, e-commerce, marketing to IT so who leads?
I saw this prior to launching my practice.. I was increasingly merging with other services such as e-commerce etc.
Marketing becoming more and more technology and data driven… but technology decisions reside with IT.
Often, initiatives are ad hoc, bolted on to existing services and not directly tied to business outcomes.
Technology and tools are changing faster than organizations can react.
And with each new technology release, the early adopters and early majority sign on faster than with the previous technology giving us less and less time to respond.
Without an overarching vision and structure from which to oversee a digital strategy, initiatives will continue to pop up in various departments led in silos.
STORY: for the advent of “web communications” and when websites became larger, web “governing” bodies were put in place to make decisions on content, design, placement etc. Fast forward 15 years later and we have hundreds of new channels, the immediacy of social media, the ubiquity of mobile and the functionality of the cloud. The vison and governance required is much much broader.
Case Study Sens: Digital Steering Committee at Senators Sports and Entertainment
Agreed on a vision / goals and a road map.
Put business processes in place.
How can you start this conversation in your work place?
Rise of the CDO
What do you need to know?
How are you using data to drive more value.
Customer preferences, customer purchases
Customer experience, social, mobile, customer analytics, process digitization or internal collaboration.
And deciding that starts with your vision and alignment with your overall business plan
They assessing how far you think you are from that vision. Assess existing capabilities and assets.
It’s a safe be to say that a Data strategy will always be in the mix.
Sens: We took inventory of all initiatives under the digital umbrella.. And when through a ruthless prioritization effort.
I know there are quite a few marketing folks in the room so I’ll use marketing as a starting point. Most companies are still planning campaigns: What are we going to promote, who are we targeting, 18-24 mostly, we should definitely use twitter. What’s it going to look like? Let’s design it. As you were building your campaign and coming up with your hashtag, Snap Chat took over in the 18-24 demographic.
Moving from change as the exception to change as the norm.
Test and learn from those smaller projects and start to tackle bigger ones.
Social listening/ Apple and the war room
Example: Innovation Teams
Centres of excellence. Some are hiring new talent. Starbucks introduced a new Chief Digital Officer as did Harvard University.