Grab n Go: Session 7 Find Holger: Digital transformation med kunden i centrum. 19. maj 2016
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1 Grab n Go: Session 7 Find Holger: Digital transformation med kunden i centrum 19. maj 2016
2 Linking the presentation to the first Grab n Go session Digital business models and services Intelligent process automation Digital innovation Digital customer experience Data-driven insight 2015 Deloitte 2
3 Agenda 2015 Deloitte 3
4 Agenda 2015 Deloitte 4
5 2015 Deloitte 5
6 Observation #1: Create value Over time, most companies get better and better at things that people want less and less.
7 Observation #2: Remove friction If you do not make life easier for your customers, someone else will
8 Observation #3: Jobs-to-be-done Don t sell products and services to customers, but rather try to help people address their jobs-to-be-done
9 Observation #4: Don t underestimate your customers.. Customers can be many things; stupid, irrational, demanding, self-centered but you need them Slide footer
10 Agenda 2015 Deloitte 10
11 The 4 P s the marketing mix Product Price Place Promotion Jerome McCarthy 1960 Slide footer
12 Slide footer Awareness Interest Desire Action-Buying
13 Daily shopping experience
14 Slide footer First virtual supermarket launched in Korea
15 Customer centric approach Customer insights Business strategy Business redesign Competency build up Implementation and transition Explore data insights Establishment of data strategy Predictive modeling Calculate Return on customers Life Time value of customers Loyalty and retention analysis Fraud detection Forecasting Social Media engagement Customer testing Establish link to Corporate strategy Customer value case not business case.. Digital strategy and digital transformation Fit/GAP and road mapping Create your digital customer radar Business process alignment Data model Organizational model Customer touch points model Marketing/communication model Sales and service model Infrastructure model Service, experience, solution and product innovation. Project definitions Setting of metrics KPI Attracting core competencies Development plan Organization and project method. Program and project execution Organizational change management Infrastructure transition Data and process ownership Ongoing quality assurance.
16 The Seven Characteristics of Customer-Centric Companies 1. They conceive of themselves not as a group of products, services, territories, or functions, but as a portfolio of customers. 2. They know how much money they make or lose with each of their customers or customer segments, and they understand why. 3. They understand the different needs of different customers and group them into operational customer segments and sub-segments based on common needs. They thrill their customers by delivering knockout value propositions that competitors cannot match. 4. They continually innovate by evolving their customer segments and sub-segments, and improve their value propositions as customer needs change. 5. They organize their businesses into customer segment business units to establish clear ownership of the customer experience and accountability for the financial performance of each customer business unit. 6. They create a competitively unassailable customer innovation advantage based on a customer R&D model grounded in continual experimentation at key customer touch points. 7. They understand in precise analytic terms exactly how their different customer relationships contribute to or subtract from the total value of the firm; because they manage their customer portfolio on this basis, they know what to manage and where to invest in order to create sustainable, profitable growth and drive outstanding share price performance over time.
17 Direct impact on clients The digital mega trends 17 Mobile Mobile creates new ways of engaging with customers and vendors Sensors allows to capture data in all steps in the value chain Ability to monitor actual behavior on vendors and customers Data The amount and accessibility of data in combination with analytics allows for new insights Integration to operational processes and real time creates opportunities for applying analytics in retail High Digital Currency Mobile Robots Technology Standardization & Consolidation NFC Cloud 3D Printing Big data Mobile Networks Social Analytics Personal Data Analytics Sensoring Internet of Things Predictive Analytics Advanced analytics on enterprise data Social Business need to leverage the potential in the collaborative technology and need to open up to new vendor and stakeholder management Pop up shops increase in short term and specific store setups targeting specific audiences Low Low Augmented Reality Crowdsourcing & Funding Social Collaboration Direct impact on Consumer Goods High Engage with customer in emotional ZMOT`s to create relationships Megatrends: Data Mobile Social Cloud
18 Understanding the behavior and needs is the key The customers data DNA Complaint History App Usage Client website Clickstream Call/Text Usage Demographics Social Attributes Billing Behavior Offer History Caller Network Social Influence Volatility Life Events 360 view of customer behavior Data Usage EXPOSURE INQUIRY EXPLORATION STABILIZATION MATURITY ATTRITION 18
19 Omni-channel is a prerequisite for a great customer experience Omni-channel Engagement Web Business Strategy and Brand Promise Capabilities Strategy and Transformation Mobile Evolve Discover Customer Insights Social Contact Center Service Customer Insight 360º+ Choose Product and Service Development Sales In-store Media & Advertising Use Buy Marketing & Customer Engagement Customer Service Direct Marketing Organization Customer and shareholder value Increased Market Share Increased Share of Customer Wallet Higher Margin Product Portfolio Lower Acquisition Costs and Cost to Serve Accelerated Time to Market Improved Customer Engagement Improved Lifetime Value of Customer 19
20 Ten types of Image for illustrative purposes only. innovation To replace the secondary images with bleeds select the image, right click, and select Change Picture. Browse to a new image and click Insert. If needed, resize to bleed or crop the image. To crop, select the image, go to Format > Crop tool and crop to fit.
21 Most companies focus on product innovation 300 Number of Innovations pursued by Companies
22 But innovation is much more Network Connections with others to create value Process Signature or superior methods for doing your work Product System Complementary products and services Channel How your offerings are delivered to customers and users Customer Engagement Distinctive interactions you foster Profit Model The way in which you make money Structure Alignment of your talent and assets Product Performance Distinguishing features and functionality Service Support and enhancements that surround your offerings Brand Representation of your offerings and business
23 Business model - centric innovation Business model centric innovation Configure assets differently to deliver value
24 Platform centric innovation Platform-centric innovation Reinvent or recombine capabilities to deliver value
25 Experience centric innovation Experience-centric innovation Engage customers differently to deliver value
26 Breakthrough innovations require more than just new products
27 7 types of innovation
28 Stock Price (indexed to 100) The top innovators outperform the S&P Year Indexed Stock Price Returns of the Top Innovators vs. S&P 500 All top innovators 138 companies S&P
29 and integrating more types of innovation deliver superior financial returns Stock Price (indexed to 100) 5-Year Indexed Stock Price Returns of the Top Innovators vs. S&P Types of Innovation 45 companies 3-4 Types of Innovation 59 companies 1-2 Types of Innovation 34 companies S&P
30 Stock Price (indexed to 100) Data from Denmark supports the conclusion Five years of C20 stock prices ( ). 5+ Types of Innovation 3-4 Types of Innovation 1-2 Types of Innovation
31 Agenda Deloitte 2015 Monitor Deloitte. Private and confidential. 31
32 Traditional and digital retail are the future 32
33 Customer life situation Linking the customer & digital transformation together Customer Segment Where to live Marriage Work Family Health Gen Y The digital radar Understand Key targets Investigate Value segment Write off Execute Investigate Understand Configuration Offering Experience 10 Types of Innovation Do it yourself M&A Cooperation and crowdsourcing Organization 33
34 CLIENT PROOF OF CONCEPT: FACIAL RECOGNITION MOBILE APP ADD-ON
35 PROJECT DELIVERY: PHARMACEUTICAL MARKET ENTRY ASSESSMENT KNOWLEDGE & EXPERTISE
36 CLIENT DELIVERY: BANK AMBASSADOR APP
37 Digital loyalty program for KappAhl
38 Digital loyalty program for KappAhl
39 Rasmus Winther Mølbjerg 19. maj 2016
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