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WEBINAR The State Of Digital Business 2016 To 2020. Nigel Fenwick, Vice President, Principal Analyst. @NigelFenwick March 3, 2016. Call in at 10:55 a.m. Eastern time. The driving forces of change. Understanding customer dynamics. Predator?. Or prey?.
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WEBINARThe State Of Digital Business 2016 To 2020 Nigel Fenwick, Vice President, Principal Analyst @NigelFenwick March 3, 2016. Call in at 10:55 a.m. Eastern time
The driving forces of change Understanding customer dynamics
New experiences change our expectations and impact our future value perceptions.
Customers value outcomes Digital prey Digital predator
The digital transformation journey Progress so far
By 2020, 47% of execs expect digital to influence >50% of sales. Source: “The State Of Digital Business, 2015 To 2020” Forrester report
By industry, B2B will see a dramatic shift Source: “The State Of Digital Business, 2015 To 2020” Forrester report
Disruption is widely expected across all industries Source: “The State Of Digital Business, 2015 To 2020” Forrester report
Big companies will see the most disruption Large orgs must learn to become agile and innovative. Source: “The State Of Digital Business, 2015 To 2020” Forrester report
Smaller companies see more opportunity through digital. Source: “The State Of Digital Business, 2015 To 2020” Forrester report
Just 26% of CEOs set a clear vision for digital to employees. Source: “The State Of Digital Business, 2015 To 2020” Forrester report
$ 25% understand potential for digital to change how the company creates and delivers value tocustomers. Source: “The State Of Digital Business, 2015 To 2020” Forrester report
21% have the right culture. Source: “The State Of Digital Business, 2015 To 2020” Forrester report
21% have the right people defining strategy. Source: “The State Of Digital Business, 2015 To 2020” Forrester report
19% have the right tech. Source: “The State Of Digital Business, 2015 To 2020” Forrester report
16% have the right people and skills to execute. Source: “The State Of Digital Business, 2015 To 2020” Forrester report
14% have the right processes. Source: “The State Of Digital Business, 2015 To 2020” Forrester report
While digital business is a team sport . . . Marketing owns many digital activities . . . working alongside tech mgmt . . . and digital/eBiz teams Source: “The State Of Digital Business, 2015 To 2020” Forrester report
Digital Bolt-on is nota winning strategy.
It’s time to rethink how your firm will create value Digital prey Digital predator
Six tactics to accelerate your digital journey Steer your business toward future growth
No. 1 Help your CEOto get their “Aha!”moment. Source: “The State Of Digital Business, 2015 To 2020” Forrester report
No. 2 Launch a digital acceleration team. Source: “The State Of Digital Business, 2015 To 2020” Forrester report
No. 3 Develop adigital talentstrategy. Source: “The State Of Digital Business, 2015 To 2020” Forrester report
No. 4Change yourtechnologygovernanceprocess. Source: “The State Of Digital Business, 2015 To 2020” Forrester report
No. 5Fix your technologyarchitecture. Source: “The State Of Digital Business, 2015 To 2020” Forrester report
No. 6EmbraceyourCMO. Source: “The State Of Digital Business, 2015 To 2020” Forrester report
WIM: what it means • The race for digital is on. • How your business creates and delivers value today will change. • Winners create new sources of customer value through evolving digital experiences. Source: “The State Of Digital Business, 2015 To 2020” Forrester report
Evolve digital experiences to deliver the outcomes that will satisfy future customer desires Digital prey Digital predator
What to do next • Take the Forrester Digital Readiness Assessment. • Excel Tool download: http://nigel.im/RES120981 • Check out the digital transformation playbook. • http://nigel.im/Playbook860 • Schedule an inquiry with Nigel. • http://nigel.im/DigitalInq • Get alerts when new research is published. • http://nigel.im/NFalert
Nigel Fenwick Twitter: @NigelFenwick http://bit.ly/nigelblog
84% of respondents are executives. Source: “The State Of Digital Business, 2015 To 2020” Forrester report
B2B and B2C Source: “The State Of Digital Business, 2015 To 2020” Forrester report
Source: “The State Of Digital Business, 2015 To 2020” Forrester report