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#XCHANNELwww.aditi.com
Wake up from your
Customer
Engagement Stupor!
#XCHANNELwww.aditi.com 2
We asked ourselves, how does the industry perceive
CROSS-CHANNEL CUSTOMER ENGAGEMENT
So Aditi Technologies partnered with Information Week
to find answers…
#XCHANNELwww.aditi.com
HERE’S WHAT WE SET OUT TO UNDERSTAND
3
 WHY DO SOME SUCCEED IN CROSS CHANNEL CUSTOMER
ENGAGEMENT WHILE OTHERS FAIL?
 HOW MUCH OF THAT SUCCESS IS DEPENDENT ON “IT” ?
 AND WHAT CAN “IT” DO ABOUT IT ?
#XCHANNELwww.aditi.com 4
THE RULES OF DIGITAL ENGAGEMENT ARE EVOLVING FAST.
1995
INTERNET OF
DOCUMENTS
CONTENT
2000
INTERNET OF
COMMERCE
DESIGN
2005
INTERNET OF
APPLICATIONS
CLOUD
2010
INTERNET OF
CONTEXT
DATA
2015
INTERNET OF
THINGS
DEVICE
#XCHANNELwww.aditi.com 5
1. THEIR EXISTING STRATEGY FOR CROSS CHANNEL
CUSTOMER ENGAGEMENT
2. HOW EFFECTIVE HAS IT BEEN
3. WHAT ARE THEIR EXECUTION CHALLENGES
WE ASKED READERS OF INFORMATIONWEEK ABOUT:
#XCHANNELwww.aditi.com 6
THE SURVEY
187
Respondents
26 IndustriesCXO / VP
BUSINESS AND
TECHNOLOGY TRACKS
#XCHANNELwww.aditi.com 7
WHILE EVERYONE ACKNOWLEDGES ITS IMPORTANCE…
It could
threaten the
company’s
existence
Our Business
Performance
could suffer
substantially
We could lose
customers to
competitors with more
advanced customer
engagement
capabilities
Our brand
value could
suffer
substantially
There would
not be any real
impact on my
company
17%
41%
60%
43%
14%
If my company fails to adequately evolve its customer engagement strategy…
#XCHANNELwww.aditi.com 8
…AND ARE CLEAR ABOUT WHAT DRIVES SUCCESS IN XCHANNEL…
How much of a role does each of the following have in driving your organization’s customer
engagement agenda?
40%
Presence across channels such as Mobile,
Facebook, Instagram, etc.
47%
360 Degree view of customer, aggregating
data from various sources
50%
Ability to create a scalable and flexible platform
to develop and roll out new offerings
53%
Ability to have a contextual and relevant
conversation with our customer in any channel
57%
Ability to personalize recommendations,
experience, and offerings for each customer
62%
Ability to build a culture of customer
engagement within the organization
#XCHANNELwww.aditi.com 9
ROI FROM XCHANNEL CUSTOMER ENGAGEMENT IS HARD TO REALIZE
Which of the following best describes your company’s current status on cross-channel
engagement?
8%
20%
28%
32%
12%
Don’t Know
If there has been
any steps towards
cross-channel
engagement
No Focus Yet
We do not have any
clear strategic
objectives or goals for
cross-channel customer
engagement
Slow Implementation
We have a strategic
vision, but are
progressing slowly on
implementation
No Results Yet
We have made good
progress, but have yet
to fully realize intended
benefits
Leaders
We have achieved
cross-channel customer
engagement and are
leveraging it
#XCHANNELwww.aditi.com 10
AND FULL CHANNEL INTEGRATION IS EVEN MORE DISTANT
Some integration
between channels
46%
27%
19%
2%
6%
Each channel functions as a
separate mode of
engagement
Good Integration between
channels
Full Integration
between channels
Don’t know
Which of the following best describes the relationship between your company’s various
customer engagement channels?
#XCHANNELwww.aditi.com 11
DESPITE IT’S PERCEIVED IMPORTANCE, ONLY 12% COMPANIES
ARE REALLY NAILING XCHANNEL ENGAGEMENT
#XCHANNELwww.aditi.com 12
1. KNOWING EACH CUSTOMER ACROSS EVERY CHANNEL
2. CONNECT WITH CUSTOMERS IN A CONSISTENT,
THREADED MANNER ACROSS EVERY TOUCH POINT
3. PERSONALIZING CUSTOMER ENGAGEMENTS BASED ON
CONTEXT AND CONTENT
WE DRILLED DEEPER INTO THREE BUILDING BLOCKS OF
XCHANNEL TO UNDERSTAND MORE
#XCHANNELwww.aditi.com 13
Know the Customer
Data and Single View
#XCHANNELwww.aditi.com 14
SINGLE VIEW OF CUSTOMER – WHY IS IT IMPORTANT?
What would be the top benefits of having
a single view of customer?
#XCHANNELwww.aditi.com 15
LACK OF A CONSOLIDATED VIEW OF CUSTOMER
Consumers today expect companies to
know them well
Consumers want
companies to
demonstrate that
they know her
But, the companies lack a good
understanding of their customer
No plans to attempt a single customer view 16%
Not yet started, but planning to do so 23%
Recently started taking steps 35%
Have a SCV, but it’s not effective 10%
Have a SCV, and it is effective 11%
Don’t know 6%
59% 64%
Consumers want
companies to know
what products or
services she likes
#XCHANNELwww.aditi.com 16
TOP 5 REASONS FOR THE DISCONNECT
47%
41%
46%
41%
43%
46%
Quality of customer data obtained from
various sources
43%
Lack of data from various sources,
including external sources such as social
media
Regulatory requirements and privacy
concerns that limit data collection41%
Company’s Organizational Structure
47%
The lack of a trustworthy, step-by-step
roadmap for getting from present state to
desired target state
41%
#XCHANNELwww.aditi.com 17
Connect with the
Customer
Multi- Channel Engagement
#XCHANNELwww.aditi.com 18
What would be the top benefits of multi-
channel engagement?
MULTI CHANNEL ENGAGEMENT – WHY IS IT IMPORTANT?
#XCHANNELwww.aditi.com 19
DISCONNECT IN MULTICHANNEL ENGAGEMENT
But, the current state of multi-channel
engagement is underwhelming
No plans to unify channels
18%
Not yet started, but planning to do so
20%
Recently started taking steps
36%
Multi-channel strategy, but it’s not effective
5%
Multi-channel strategy, and it is effective
12%
Don’t know
8%
#XCHANNELwww.aditi.com 20
TOP 5 REASONS FOR THE DISCONNECT
54%
42%
51%
47%
51%
51% Your company’s budget constraints
51%
Limitations and gaps in your company’s
internal skills and expertise
Decentralized channel ownership
42%
The time, effort, and difficulty associated
with understanding and evaluating new
customer engagement technology
solutions.
54%
The lack of a trustworthy, step-by-step
road map for getting from present state to
desired target state
47%
#XCHANNELwww.aditi.com 21
Personalize for
each
Creating a Personalized
experience
#XCHANNELwww.aditi.com
PERSONALIZATION – WHY IS IT IMPORTANT?
What would be the top benefits of
personalization for every customer?
#XCHANNELwww.aditi.com 23
FAILURE TO TREAT EACH CUSTOMER AS ONE
Consumers today want intelligent
engagement
Consumers expect
more precise,
personalized offers
But, the companies lack a good
understanding of their customer
No plans to attempt personalization 19%
Not yet started, but planning to do so 20%
Recently started taking steps 34%
Personalization strategy, but it’s not effective 9%
Personalization Strategy, and it is effective 11%
Don’t know 7%
59% 53%
Consumers want
companies to maintain a
cross-channel history of
all her purchases
#XCHANNELwww.aditi.com 24
TOP 5 REASONS FOR THE DISCONNECT
44%
40%
44%
38%
42%
44%
Lack of a trustworthy, step-by-step
roadmap for getting from the present state
to desired target state
42%
Matching the offering with the customer
need using available data
Limitations and gaps in your company’s
internal skills and expertise40%
Lack of capability to perform real-time
analysis of customer data44%
Technology backbone to have the ability to
execute campaigns in real-time and on-
demand when they are contextually
relevant
38%
#XCHANNELwww.aditi.com
1
Are there templates for ‘best in class’ execution ?2
#XCHANNELwww.aditi.com 26
CMO
71%
CEO 60%
HEAD of SALES 57%
CIO 52%
WHO’S IN CHARGE OF CROSS CHANNEL ENGAGEMENT
CIOs are fourth in the list of executives leading the agenda
This in spite of the fact that 81% of our survey respondents were IT executives
CFO 35%
#XCHANNELwww.aditi.com
C.I.O
Career Is Over
#XCHANNELwww.aditi.com
BUT TECHNOLOGY IS AT THE HEART OF DIGITAL ENGAGEMENT
#XCHANNELwww.aditi.com
IT LEADERSHIP NEEDS TO UPGRADE TO STAY RELEVANT
Chief
Digital
Officer
CIO ++
Chief
Technology
Officer
Chief Data
/ Analytics
Officer
Chief
Innovation
Officer
#XCHANNELwww.aditi.com
MEET THE NEW AGE CIO – MITTU SRIDHARA
Changing Business Trajectory with Systems of Engagement
Group CIO – TUI
At Ladbrokes - formulated
and delivered a three year
multi-channel, end-to-end
technology strategy
At Sabre, led a team which
delivered innovative
products that helped the
company generate around
$250m.
As CIO of Avis Europe
delivered a customer-
facing system.
One core platform
across business &
application integration
Investments in
Multichannel Commerce
suite
Developed industry
leading app to reach
customers
Big Data and Analytics
to build a single view of
customer
Combining personal
advice and service with
digital
#XCHANNELwww.aditi.com
STRESS FREE TRAVEL EXPERIENCE THROUGH MODERN APPS
From transactions to 1 Conversation
with Systems of Engagement
• Seamlessly digital experience
• Make intelligent suggestions
• Customer centered personalization
• Omni-channel presence
#XCHANNELwww.aditi.com
NEW AGE CIO IMPERATIVE – DEEPER CUSTOMER UNDERSTANDING
#XCHANNELwww.aditi.com
Inventory, Yield, Contracting
Corporate/Collaboration
Finance
Middleware, Data cache
Mobile
Web and Search
Content
Social and eCRM
Customer Analytics and Insights
SYSTEMS OF
ENGAGEMENT
(Customer facing systems)
SYSTEMS OF RECORD
(Operational systems)
CEO/CMO/CIO++
CIO--
#XCHANNEL IT IMPERATIVE - SYSTEMS OF ENGAGEMENT
#XCHANNELwww.aditi.com
ASYMMETRIC DATA IMMERSIVE EXPERIENCE
HOW TO WIN AT THE HIGH STAKES GAME OF #XCHANNEL
Connected and curated across
engagement horizon
Personalized content based on
context
#XCHANNELwww.aditi.com
3
2
SINGLE VIEW
OF
CUSTOMER
API LED PLATFORM
AND CHANNEL
INTEGRATION
CUSTOMER
ANALYTICS
PERSONALIZED
CONNECTED
EXPERIENCES
BUILDING NETWORK EFFECT IN #XCHANNEL CUSTOMER ENGAGEMENT
#XCHANNELwww.aditi.com
AND A DETAILED ROADMAP TO GET THERE
CLOUD OPERATIONSInfrastructure
Migration
Application Dev
Saas Implementation
And Cloud Integration
Storage
and
Mailbox
Data
Dev/Test
env.
Web,
Portals
SaaSify Compute Scale Media
Office Analytics CRM HRMS
CLOUD ROADMAP
DR/ Backup
DevOps Monitoring
Security
Audit
Optimizatio
nPUBLIC, HYBRID,
PRIVATE CLOUD
STRATEGY
MARKETING IT
User Experience
Multichannel
Engagement
Customer Data and
Analytics
Digital
Experience
Product
Experience
Responsive
/ adaptive
Design
Interface
Design
Device
Experience
Design
Mobile
Enablemen
t
E-
commerce
App
Strategy
Single view
of Cust.
Cust.
Analytics
Loyalty
Mgmt.
Nurture
Programs
CUSTOMER ENGAGEMENT
E-comm
and
Payment
CRM
Mktg.
Automation
Social
Listening &
Response
Analytics WCMS
PERSONA, CHANNEL
AND DEVICE STRATEGY
#XCHANNELwww.aditi.com
Thank you
@sunnyneogi
#XCHANNELwww.aditi.com

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Cross-channel customer engagement: What 150 C-Level executives think about it!

  • 1. #XCHANNELwww.aditi.com Wake up from your Customer Engagement Stupor!
  • 2. #XCHANNELwww.aditi.com 2 We asked ourselves, how does the industry perceive CROSS-CHANNEL CUSTOMER ENGAGEMENT So Aditi Technologies partnered with Information Week to find answers…
  • 3. #XCHANNELwww.aditi.com HERE’S WHAT WE SET OUT TO UNDERSTAND 3  WHY DO SOME SUCCEED IN CROSS CHANNEL CUSTOMER ENGAGEMENT WHILE OTHERS FAIL?  HOW MUCH OF THAT SUCCESS IS DEPENDENT ON “IT” ?  AND WHAT CAN “IT” DO ABOUT IT ?
  • 4. #XCHANNELwww.aditi.com 4 THE RULES OF DIGITAL ENGAGEMENT ARE EVOLVING FAST. 1995 INTERNET OF DOCUMENTS CONTENT 2000 INTERNET OF COMMERCE DESIGN 2005 INTERNET OF APPLICATIONS CLOUD 2010 INTERNET OF CONTEXT DATA 2015 INTERNET OF THINGS DEVICE
  • 5. #XCHANNELwww.aditi.com 5 1. THEIR EXISTING STRATEGY FOR CROSS CHANNEL CUSTOMER ENGAGEMENT 2. HOW EFFECTIVE HAS IT BEEN 3. WHAT ARE THEIR EXECUTION CHALLENGES WE ASKED READERS OF INFORMATIONWEEK ABOUT:
  • 6. #XCHANNELwww.aditi.com 6 THE SURVEY 187 Respondents 26 IndustriesCXO / VP BUSINESS AND TECHNOLOGY TRACKS
  • 7. #XCHANNELwww.aditi.com 7 WHILE EVERYONE ACKNOWLEDGES ITS IMPORTANCE… It could threaten the company’s existence Our Business Performance could suffer substantially We could lose customers to competitors with more advanced customer engagement capabilities Our brand value could suffer substantially There would not be any real impact on my company 17% 41% 60% 43% 14% If my company fails to adequately evolve its customer engagement strategy…
  • 8. #XCHANNELwww.aditi.com 8 …AND ARE CLEAR ABOUT WHAT DRIVES SUCCESS IN XCHANNEL… How much of a role does each of the following have in driving your organization’s customer engagement agenda? 40% Presence across channels such as Mobile, Facebook, Instagram, etc. 47% 360 Degree view of customer, aggregating data from various sources 50% Ability to create a scalable and flexible platform to develop and roll out new offerings 53% Ability to have a contextual and relevant conversation with our customer in any channel 57% Ability to personalize recommendations, experience, and offerings for each customer 62% Ability to build a culture of customer engagement within the organization
  • 9. #XCHANNELwww.aditi.com 9 ROI FROM XCHANNEL CUSTOMER ENGAGEMENT IS HARD TO REALIZE Which of the following best describes your company’s current status on cross-channel engagement? 8% 20% 28% 32% 12% Don’t Know If there has been any steps towards cross-channel engagement No Focus Yet We do not have any clear strategic objectives or goals for cross-channel customer engagement Slow Implementation We have a strategic vision, but are progressing slowly on implementation No Results Yet We have made good progress, but have yet to fully realize intended benefits Leaders We have achieved cross-channel customer engagement and are leveraging it
  • 10. #XCHANNELwww.aditi.com 10 AND FULL CHANNEL INTEGRATION IS EVEN MORE DISTANT Some integration between channels 46% 27% 19% 2% 6% Each channel functions as a separate mode of engagement Good Integration between channels Full Integration between channels Don’t know Which of the following best describes the relationship between your company’s various customer engagement channels?
  • 11. #XCHANNELwww.aditi.com 11 DESPITE IT’S PERCEIVED IMPORTANCE, ONLY 12% COMPANIES ARE REALLY NAILING XCHANNEL ENGAGEMENT
  • 12. #XCHANNELwww.aditi.com 12 1. KNOWING EACH CUSTOMER ACROSS EVERY CHANNEL 2. CONNECT WITH CUSTOMERS IN A CONSISTENT, THREADED MANNER ACROSS EVERY TOUCH POINT 3. PERSONALIZING CUSTOMER ENGAGEMENTS BASED ON CONTEXT AND CONTENT WE DRILLED DEEPER INTO THREE BUILDING BLOCKS OF XCHANNEL TO UNDERSTAND MORE
  • 13. #XCHANNELwww.aditi.com 13 Know the Customer Data and Single View
  • 14. #XCHANNELwww.aditi.com 14 SINGLE VIEW OF CUSTOMER – WHY IS IT IMPORTANT? What would be the top benefits of having a single view of customer?
  • 15. #XCHANNELwww.aditi.com 15 LACK OF A CONSOLIDATED VIEW OF CUSTOMER Consumers today expect companies to know them well Consumers want companies to demonstrate that they know her But, the companies lack a good understanding of their customer No plans to attempt a single customer view 16% Not yet started, but planning to do so 23% Recently started taking steps 35% Have a SCV, but it’s not effective 10% Have a SCV, and it is effective 11% Don’t know 6% 59% 64% Consumers want companies to know what products or services she likes
  • 16. #XCHANNELwww.aditi.com 16 TOP 5 REASONS FOR THE DISCONNECT 47% 41% 46% 41% 43% 46% Quality of customer data obtained from various sources 43% Lack of data from various sources, including external sources such as social media Regulatory requirements and privacy concerns that limit data collection41% Company’s Organizational Structure 47% The lack of a trustworthy, step-by-step roadmap for getting from present state to desired target state 41%
  • 17. #XCHANNELwww.aditi.com 17 Connect with the Customer Multi- Channel Engagement
  • 18. #XCHANNELwww.aditi.com 18 What would be the top benefits of multi- channel engagement? MULTI CHANNEL ENGAGEMENT – WHY IS IT IMPORTANT?
  • 19. #XCHANNELwww.aditi.com 19 DISCONNECT IN MULTICHANNEL ENGAGEMENT But, the current state of multi-channel engagement is underwhelming No plans to unify channels 18% Not yet started, but planning to do so 20% Recently started taking steps 36% Multi-channel strategy, but it’s not effective 5% Multi-channel strategy, and it is effective 12% Don’t know 8%
  • 20. #XCHANNELwww.aditi.com 20 TOP 5 REASONS FOR THE DISCONNECT 54% 42% 51% 47% 51% 51% Your company’s budget constraints 51% Limitations and gaps in your company’s internal skills and expertise Decentralized channel ownership 42% The time, effort, and difficulty associated with understanding and evaluating new customer engagement technology solutions. 54% The lack of a trustworthy, step-by-step road map for getting from present state to desired target state 47%
  • 22. #XCHANNELwww.aditi.com PERSONALIZATION – WHY IS IT IMPORTANT? What would be the top benefits of personalization for every customer?
  • 23. #XCHANNELwww.aditi.com 23 FAILURE TO TREAT EACH CUSTOMER AS ONE Consumers today want intelligent engagement Consumers expect more precise, personalized offers But, the companies lack a good understanding of their customer No plans to attempt personalization 19% Not yet started, but planning to do so 20% Recently started taking steps 34% Personalization strategy, but it’s not effective 9% Personalization Strategy, and it is effective 11% Don’t know 7% 59% 53% Consumers want companies to maintain a cross-channel history of all her purchases
  • 24. #XCHANNELwww.aditi.com 24 TOP 5 REASONS FOR THE DISCONNECT 44% 40% 44% 38% 42% 44% Lack of a trustworthy, step-by-step roadmap for getting from the present state to desired target state 42% Matching the offering with the customer need using available data Limitations and gaps in your company’s internal skills and expertise40% Lack of capability to perform real-time analysis of customer data44% Technology backbone to have the ability to execute campaigns in real-time and on- demand when they are contextually relevant 38%
  • 25. #XCHANNELwww.aditi.com 1 Are there templates for ‘best in class’ execution ?2
  • 26. #XCHANNELwww.aditi.com 26 CMO 71% CEO 60% HEAD of SALES 57% CIO 52% WHO’S IN CHARGE OF CROSS CHANNEL ENGAGEMENT CIOs are fourth in the list of executives leading the agenda This in spite of the fact that 81% of our survey respondents were IT executives CFO 35%
  • 28. #XCHANNELwww.aditi.com BUT TECHNOLOGY IS AT THE HEART OF DIGITAL ENGAGEMENT
  • 29. #XCHANNELwww.aditi.com IT LEADERSHIP NEEDS TO UPGRADE TO STAY RELEVANT Chief Digital Officer CIO ++ Chief Technology Officer Chief Data / Analytics Officer Chief Innovation Officer
  • 30. #XCHANNELwww.aditi.com MEET THE NEW AGE CIO – MITTU SRIDHARA Changing Business Trajectory with Systems of Engagement Group CIO – TUI At Ladbrokes - formulated and delivered a three year multi-channel, end-to-end technology strategy At Sabre, led a team which delivered innovative products that helped the company generate around $250m. As CIO of Avis Europe delivered a customer- facing system. One core platform across business & application integration Investments in Multichannel Commerce suite Developed industry leading app to reach customers Big Data and Analytics to build a single view of customer Combining personal advice and service with digital
  • 31. #XCHANNELwww.aditi.com STRESS FREE TRAVEL EXPERIENCE THROUGH MODERN APPS From transactions to 1 Conversation with Systems of Engagement • Seamlessly digital experience • Make intelligent suggestions • Customer centered personalization • Omni-channel presence
  • 32. #XCHANNELwww.aditi.com NEW AGE CIO IMPERATIVE – DEEPER CUSTOMER UNDERSTANDING
  • 33. #XCHANNELwww.aditi.com Inventory, Yield, Contracting Corporate/Collaboration Finance Middleware, Data cache Mobile Web and Search Content Social and eCRM Customer Analytics and Insights SYSTEMS OF ENGAGEMENT (Customer facing systems) SYSTEMS OF RECORD (Operational systems) CEO/CMO/CIO++ CIO-- #XCHANNEL IT IMPERATIVE - SYSTEMS OF ENGAGEMENT
  • 34. #XCHANNELwww.aditi.com ASYMMETRIC DATA IMMERSIVE EXPERIENCE HOW TO WIN AT THE HIGH STAKES GAME OF #XCHANNEL Connected and curated across engagement horizon Personalized content based on context
  • 35. #XCHANNELwww.aditi.com 3 2 SINGLE VIEW OF CUSTOMER API LED PLATFORM AND CHANNEL INTEGRATION CUSTOMER ANALYTICS PERSONALIZED CONNECTED EXPERIENCES BUILDING NETWORK EFFECT IN #XCHANNEL CUSTOMER ENGAGEMENT
  • 36. #XCHANNELwww.aditi.com AND A DETAILED ROADMAP TO GET THERE CLOUD OPERATIONSInfrastructure Migration Application Dev Saas Implementation And Cloud Integration Storage and Mailbox Data Dev/Test env. Web, Portals SaaSify Compute Scale Media Office Analytics CRM HRMS CLOUD ROADMAP DR/ Backup DevOps Monitoring Security Audit Optimizatio nPUBLIC, HYBRID, PRIVATE CLOUD STRATEGY MARKETING IT User Experience Multichannel Engagement Customer Data and Analytics Digital Experience Product Experience Responsive / adaptive Design Interface Design Device Experience Design Mobile Enablemen t E- commerce App Strategy Single view of Cust. Cust. Analytics Loyalty Mgmt. Nurture Programs CUSTOMER ENGAGEMENT E-comm and Payment CRM Mktg. Automation Social Listening & Response Analytics WCMS PERSONA, CHANNEL AND DEVICE STRATEGY

Editor's Notes

  1. Picture courtesy: Volvo
  2. Source: IBM Smarter Commerce for Retail Study
  3. Source: IBM Smarter Commerce for Retail Study
  4. Source: Gartner, Econsultancy survey