kpis cdos should know & love (webcast)
DESCRIPTION
Successful digital transformation enables an enterprise to drive revenue, increase customer satisfaction, and win competitive advantage through new digital channels and experiences. To get there, chief digital officers must be able to juggle priorities and manage investments, starting deep within an enterprise’s processes and tools and extending out to the cutting edge of consumer experience. To simplify complexity, accurately measure progress, and drive smart decisions, every CDO needs visibility into six specific types of enterprise KPI. Join Apigee’s Bryan Kirschner and Kumar Srivastava to learn about these six key KPIs and how to assemble them into a highly effective dashboard. Join to discuss: - Why are metrics that span consumer and developer behavior, business results, and technology capabilities all essential to successful digital transformation? - How can you organize this diverse set of metrics in order to drive sharp insight and timely action? - How can you apply this knowledge to build an effective management dashboard?TRANSCRIPT
KPIs CDOs Should Know & Love
Apigee@apigee
Kumar Srivastava@kumarSSR
Bryan Kirschner@apigeeinstitute
@apigeeinstituteBryan Kirschner
@kumarSSRKumar Srivastava
groups.google.com/group/api-craft
youtube.com/apigee
slideshare.net/apigee
A proven pattern for digital business impact in any company
The KPIs every digital transformation leader should know (& love) to be successful
Case studies on choosing & using the right KPIs for your digital strategy
Agenda: Excitement about KPIs
But wait, what’s different now? (Is this just BI part XVII?)
Digital Transformation is here
Consumption patterns are changing
Ability to influence and enhance customer experience in real time is a competitive advantage
Ability to improve and adapt in real time is a competitive advantage
Patterns for Success
Nike with Fuelband and Nike+
• Revenues up 60%• Profits up 57%• Market cap 2 X
"Nike has broken out of apparel and into tech, data, and services, which is so
hard for any company to do…”
-Sarah Rotman Epps, Forrester
Nike #1 Most Innovative Company in 2013
33%
67%
…on margin, revenue, share customer
satisfaction, or delivering new products and
services
Strong Outperformance In Last 12 Months…
19%
81%
Expected High Impact from Digital…
…that’s “big” over next 12 months, “increasing great deal” over next 5
years
48%
53%
Digital Leadersvs.
Digital Laggards…
…on strength now deploying apps,
operating APIs & using data analytics
“Digital Leaders” are doing this now across industries…
50%
83%
Laggards
LeadersCDO7%
Other IT2%
Other2%
Other Mk-tng2%
Other C-level3%
CMO8%
CIO22%
CTO26%
CEO30%
• Strong network• Flexible/adaptable• Simplifies complexity• Manages across departments well
…but there are 4 characteristics associated with the most
effective CDOs
Source: Apigee Institute survey of 300 executives in companies with $500M+ annual revenue, September, 2013
% of companies with an appointed digital leader
No one title predominates….
One key to leadership: a successful CDO (by any name)
Partner Integration
Open Innovation
Wearable Electronics
Gaming Consoles
Smart Appliances
Smart Sensors
Smart phones
Connected Cars
Tablets
KiosksAPI
API
Your Digital Assets
AP
I AP
I
To the digital value network
1. Business2. Channels3. Digital Transformation Progress4. Apps and APIs5. Developers and Partners6. Outreach and Perceptions
6 Key Areas to Measure
Case studies
Revenue
Unique Users
Usage
1. KPIs for Business
Nike+ has more than 11 million users
2. KPIs for Digital Transformation Progress
Agility
Innovation
Ecosystem Density
3. KPIs for Channels
Transaction Affinity
Channel Adoption
Channel Symbiosis
> 10 Million Active Users
> 2M Transactions per week
“Our customers choose Wells. You are not competing with your own channels.
Channels should complement one another to help customers”
Brian Pearce, SVP Head of Retail Mobile Channels, Wells Fargo
4. KPIs for Apps and APIs
Traffic
Usage
Revenue
App Portfolio Collection of registered apps for
an API platform in various stages
of experimentation and
development targeting varied
user segments, use cases,
channels and market
Time to Success
Rate of Success
Engagement
5. KPIs for Developers and Partners
Developers and Partners
Rate of Success Time to Success
Social Media Interactions Leading Indicator of Developer Perception Changes of API Programs⇒
6. KPIs for Outreach and Perceptions
App and API Releases
Developer Events
Social Media Perceptions
1. Business2. Channels3. Digital Transformation Progress4. Apps and APIs5. Developers and Partners6. Outreach and Perceptions
6 Key Areas to Measure
Q&A
@apigeeinstituteBryan Kirschner
@kumarSSRKumar Srivastava
THANK YOUQuestions and ideas to:
@kumarSSR@apigeeinstitute