steps to start digital business transformation
Post on 15-Feb-2017
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© 2016 - Copyrights to Passion Peers. Not to be reused without permission
Your Digital Transformation Journey starts here…
KANIKA AGARWAL Founder & CEO Passion Peers
kanika@passionpeers.com
/kanikaagarwaltech
@DigitalKanika
#LSQWebinar, @PassionPeers
© 2016 - Copyrights to Passion Peers. Not to be reused without permission
Audience Poll
1) Is your Organization undergoing Digital transformation? Yes or No
2) Are you mapping the customer journey and know all the digital touch points of your customers? Yes or No
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Journey Mapping and a focus on customer journey and the new digital touch points.
Is Digital Transformation being misunderstood ?
Source: State of Digital Transformation, Altimeter Study
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What is Digital Transformation?
“The re-alignment of, or new investment in, technology and business models to more effectively engage digital consumer at every touch point in the
customer experience lifecycle.” – Altimeter and Brian Solis
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What is Digital Transformation?“ Digital transformation is a process. Objective is to understand the physical and digital touch points of your potential and existing customers to give them a seamless experience.
It starts with organizational alignment where people & a digital mindset are at core .
Adoption of digital platforms, tools and techniques are the catalyst. Organization's ecosystem and business processes are subjected to change.”- Passion Peers
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Shifting Focus to Asia
With internet population at 33.5%, nearly 50% of the world’s
internet users live in the APAC
APAC accounts for nearly 55% of global mobile ownership (around 2.5
billion users) and that share is expected to reach 60% by 2016
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Steps/Priorities to start the Transformation Journey1. Customer
Experience (CX)
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2. Internal Culture 3. Business Process/Model 4. Leadership 5. Cross Functional
Collaboration
6. Adopting New Technologies 7. Digital Use Cases 8. Business Priority
Assessment 9. Roadmap 10. Taking the 1st step
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“You have got to start with the customer experience and work backwards to the technology.” - Steve Jobs
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1. Customer Experience (CX)
CX = Business/Brand delivered – Customer Expectation
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Customer Experience (CX)
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CX Framework
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Customer Touch points (Physical : Retail Stores, Call
Digital : Mobile, Social Media, Content, IoT )
Customer Insights(Persona, Behavior, Analytics, Life Cycle Stage)
Customer Identity (Unique data to map)
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CX Framework
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Its important to know which Customer Journey is important and matters for the customer and the business.
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Transformed CX Approach
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Persona
Uni-directional Funnel
Survey/Research Led
Behavior Segment
Networked Funnel
Data Driven
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Customer Experience Research in Asia
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Source: Accenture Interactive – CMO Study Insights
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“ Shift from doing digital to being digital”
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2. Culture change is the only constant.
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Inside Out Approach
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Digital Mindset & empower to act
Being Unconventional and open to risks
From Employee Advocacy to Customer Advocacy
Renewed vision with people first
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“In today’s era of volatility, there is no other way but to re-invent. The only sustainable advantage you can have over others is agility, that’s it. Because nothing else is sustainable, everything else you create, somebody else will replicate.”- Jeff Bezos, Amazon
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3. Re-inventing Business Processes
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Re-inventing Business Processes
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Speed, Innovation, Responsiveness, Lean
Innovate with different business models- On Demand, Subscription Based, Shared Economy,
E-commerce, From Short – term campaigns to long term strategy
Agile Development and Prototyping Manifestos
Marketing Automation Tools- for test and learn
approach.
Be DisruptorsFrom Max Validated Product to Minimum Viable
Product
Interoperability between IT and OT
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New trend- Innovation Labs
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4. Pro- Digital LeadershipStarbucks 1st Chief Digital Officer, Adam Brotman, was ordained by CEO Howard Schultz to start building a more digital business based on current and future trends.
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Leadership Support
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Russell Reynolds – 2014 Digital Board Study
Board has a significant role to play in Digital.
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It has to be Top- Down
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Russell Reynolds – 2014 Digital Board Study
McDonalds has a digital transformation team where the leaders are from tech companies like Facebook, Yahoo, Microsoft.
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5. Cross Functional Teams- Organization Re-alignment Who owns the customer experience? Answer is everyone.
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Cross Functional Teams
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Digital Marketing does NOT mean Digital Transformation
Strategy & Product
Innovation
Technology
Marketing Sales and Analytics
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Enabling Digital Mindset
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Corporate Learning e.g. Digital Marketing with Design Thinking
Shift from Short Term Campaigns to Long Term Strategy
Data Driven Ecosystem
Test and Learn
Know the emerging trends for the business.
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Corporate Learning Framework
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6. Adopting Relevant New Technologies “At least 40% of all businesses will die in the next 10 years… if they don’t figure out how to change their entire company to accommodate new technologies”— John Chambers, Executive Chairman, Cisco System
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Agile Software Development
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Russell Reynolds – 2014 Digital Board Study
Legacy IT Architecture
New Apps and Databases
Customer Facing: Integrates Data and customer behavior
High Speed Systems
Easy re-iterating and prototyping
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Adopt Relevant New Technologies
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Gartner Symposium
Virtual Reality ( e.g. on social FB)
Internet of Things (IoT) or Wearable's
Fintech for Banks
Mobile Apps
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Gartner Symposium
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7. Making Digital Use Cases
Source: CXOWeekly
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8. Business Priority Assessment
Source: CXOWeekly
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9. Roadmap
Source: CXOWeekly
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10. Making a Case and Starting Off Businesses will be out of business if they don’t start now.
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Summary1. Start with identifying and mapping the physical and digital customer touchpoints.
Customer Experience is key. 2. For business to digitally transform, organization culture has to change. Thing about
people first then technology. 3. Disrupting and innovating existing business model/processes to become agile is
important. 4. It starts from leadership. They make or break the digital mindset and real internal
transformation.5. Teams cannot work in silos anymore. Digital Transformation is everyone’s agenda and not
just one function. Thus cross functional collaboration should be practiced. 6. Adopt relevant new technologies to stay ahead of the game. 7. Make digital use cases step by step. 8. Assess what is a priority by measuring business benefit vs ease of implementation 9. Prepare the roadmap for atleast 5 years. 10. Create the urgency and set the ball rolling.
© 2016 - Copyrights to Passion Peers. Not to be reused without permission
Thank You
kanika@passionpeers.com
/kanikaagarwaltech
@DigitalKanika
Q&A
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