2. DIGITAL STRATEGY
Step 1
Analyze
Digital
Context
Step 2
Visualize
Future
Landscape
Step 5
Execute
and
Measure
Step 4
Align
Digital
Initiatives
Step 3
Create
Digital
Positioning
Feedback loop / Continuous Reassessment
3. STEP 1: ANALYZE DIGITAL CONTEXT
Business
Strategy
Competitive
Positioning
Digital Assets
/ Usage
Digital
Maturity
Stakeholder’s
expectations
Technology
Assessment
Process
Assessment
5. STEP 3: CREATE DIGITAL POSITIONING
Digital Leader
New Customer
Segment
New Digital Products
XX% Digital
Acquisition
XX% Cost Reduction
Real-time Analytics &
Decisioning
Unified Customer
Service
90% Self Servicing
Market Recognition
6. STEP 4: ALIGN DIGITAL INITIATIVES
Digitize Customer Journey
Digital Engagement
Digital Acquisition
Unified Service Platform
Digital products
New Customer Segment
Digitize Employee Journey
Unified CRM platform
Process Reassessment & Automation
Tab / Mobility platforms
Collaboration platform
Technology Enablement
Flexible Cloud / Hybrid Infra
ESB / API Enablement
Big Data & Analytics
Inhouse / partner model
Highly secure
Crash Organization Silos and Build Digital Culture
Align Digital Initiative to “Market Positioning”
CollaboratewithFintech
AlignSkilledandAdequateResources
Priotize Strong GovernanceDocument Objectives Sense of Urgency
8. EXAMPLES OF DIGITAL INITIATIVES
Omnichannel
Platform
- Mobile
- Web
- Branch
Lead Management Platforms
- Chat
- Cross-sell
- Up-sell
- New customers
New Digital Product
- 10 second loans
- Online account opening
- ASBA on Mobile
- Acquisition through
Fintech partners
Employee Enablement
- Mobile / Tab based
customer origination
- Training & Demo
- Collaboration
- Near zero manual steps
Big Data & Analytics
platform
- Real time events driven
digital marketing
- Enable fast business
decision
- Analytics based Credit
decision