The document discusses the implications of digital transformation for brands, agencies, and consumers. It argues that successful brands of the future will be digital and customer-focused, defining and delivering future brand experiences. It also stresses that future brands will have a profound understanding of digital impact and will use digital technologies to create value throughout the value chain. The document advocates leveraging digital technology for optimal business engagement, embracing technology for competitive advantage, and delivering superior customer experiences.
wearedbp.com (Extented): Digital Transformation - What's Next?
1. Implications for Brands, Agencies and Consumers
www.wearedbp.com
Digital Transformation: What's Next?
Ivan Fernandes,
Founder of Digital Business Partners -wearedbp
Cutting Edge Marketing and PR Conference 2013
2. “There is nothing permanent except
change”
Heraclitus, 544 BC - 483 BC
5. DELIVER THE FUTURE
DIGITAL BRANDS’ DEFINE
AND DELIVER FUTURE
BRAND EXPERIENCES
Leverage. Transform. Deliver.
6. BEYOND MARKETING
FUTURE BRANDS’ HAVE A
PROFOUND UNDERSTANDING OF
DIGITAL IMPACT TO HELP
RESHAPE THEIR FUTURE
Leverage. Transform. Deliver.
7. UNDERSTAND VALUE
UNDERSTAND AND RESPOND
EFFECTIVELY TO THE DEMANDS
OF DIGITAL INNOVATIONS AND
DIFFERENT TYPE OF CUSTOMERS
Leverage. Transform. Deliver.
18. “All men by nature desire knowledge”
Aristotle, 384 BC - 322 BC
19. Marketing on demand
• Consumers are accessing multiple
information sources in their digital
research
• Moving from always “on” to always
relevant
• Communicate with customers in a
number of ways
• Spend your budget where and when
it matters
• Best way to get closer to customers is
to understand their behaviour
• Let your customers tell your story
• Personalize the consumer experience
20. The most powerful part of
marketing today is data
• Data integration is what enables the
business perspective
• Create a complete picture of the
customer
• Create a true multichannel operation
• Greater ability to act
• Make smarter, more informed
decisions about where to allocate
your budget
21. Access to the vast
amount of digital data
• The more data-rich your business
becomes
• The more important it is to ask the
right questions
• Good questions should identify the
specific decisions
• More accurate views of opportunities
and risks
22. Build a 360-degree view
• Put the customer at the centre of
business decisions
• Understand the lifetime value of a
customer
• The combination of big data and
analytics offers new opportunities
• Find out what matters for your
customers
23. Customer value is not
constant
• Understand consumer needs and
attitudes
• Identify consumer segments
• Quantify how much your customers
are worth to your business
• Identify the most valuable
prospective customers
• Identify customers who matter the
most and reward them
• Encourage customers to buy more,
and more often
24. Improve ability to target the
highest-value opportunities
• Scope richness of your customer data
• Develop marketing programs that
cost less and return more
• Understand who are the influencers
• Develop tailored offers based on
expected customer value
• Apply advanced analytics to
consumer data
• Map the decision journeys of your
target segments
25. Harness customer data
• Organizational commitment
• Analyse the right data
• Develop the right analytical
capabilities
• Cultivate the right methods so your
business can act and make decisions
differently
26. “Be as you wish to be seem”
Socrates, 469 BC - 399 BC