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Digital Marketing Opportunities & (Big Data Challenges for Business Growth)
1.
March 2015 Fuji Xerox
Co., Ltd. Digital Marketing Opportunities & Challenges for Business Growth DocuWorld Singapore © 2014 Fuji Xerox Co., Ltd. All rights reserved.
2.
Fuji Xerox Internal
Use Only Disclosed to : Protected until : Author : Prepared on : All-FX January 10, 20XX Dept. & Name January 10, 20XX The Age of the Customer © 2014 Fuji Xerox Co., Ltd. All rights reserved. 1
3.
Fuji Xerox Internal
Use Only Disclosed to : Protected until : Author : Prepared on : All-FX January 10, 20XX Dept. & Name January 10, 20XXGrowth of Online Business is Rapid © 2014 Fuji Xerox Co., Ltd. All rights reserved. 2 Emerging markets, like many in SE Asia, will follow this trend at an accelerated pace as Internet access becomes more widely available Mobile Influenced Sales
4.
Fuji Xerox Internal
Use Only Disclosed to : Protected until : Author : Prepared on : All-FX January 10, 20XX Dept. & Name January 10, 20XXDigital in Emerging Markets © 2014 Fuji Xerox Co., Ltd. All rights reserved. 3 •Only one in five CMOs Internationally, believe their company will be known as a digital business in five years •While in emerging markets, CMOs have jumped ahead recognizing the importance of transforming the business to operate in a digital ecosystem Accenture, CMO Insights 2014 Source: Accenture CMO Insights
5.
Fuji Xerox Internal
Use Only Disclosed to : Protected until : Author : Prepared on : All-FX January 10, 20XX Dept. & Name January 10, 20XX Multiple Touchpoints 4© 2014 Fuji Xerox Co., Ltd. All rights reserved.
6.
Fuji Xerox Internal
Use Only Disclosed to : Protected until : Author : Prepared on : All-FX January 10, 20XX Dept. & Name January 10, 20XX A typical digital consumer behaviour involves the use of multiple devices, often used simultaneously A Multi-Screen World © 2014 Fuji Xerox Co., Ltd. All rights reserved. 5
7.
Fuji Xerox Internal
Use Only Disclosed to : Protected until : Author : Prepared on : All-FX January 10, 20XX Dept. & Name January 10, 20XX •Digital Strategy should originate from a central point that provides content and experiences across channels but in context of the user intent •A poor user experience in any given touch point can have a ripple effect throughout the user’s brand perception and purchasing intent Mobile Is Not A Separate Strategy © 2014 Fuji Xerox Co., Ltd. All rights reserved. 6
8.
Fuji Xerox Internal
Use Only Disclosed to : Protected until : Author : Prepared on : All-FX January 10, 20XX Dept. & Name January 10, 20XX Customer Expectations Are Growing © 2014 Fuji Xerox Co., Ltd. All rights reserved. 7 In Asia, three quarters of consumers expect leading brands to be on top of search results
9.
Fuji Xerox Internal
Use Only Disclosed to : Protected until : Author : Prepared on : All-FX January 10, 20XX Dept. & Name January 10, 20XX •Digital allows to us track and measure every touch-point with our (potential) customers •This data provides a brand with a wealth of information to segment their content and target their market potential more effectively For instance, by looking the top visited pages for a website, it is clear that there are two main use cases: Finding product information Finding contact details Using Data to Make Business Decisions © 2014 Fuji Xerox Co., Ltd. All rights reserved. 8
10.
Fuji Xerox Internal
Use Only Disclosed to : Protected until : Author : Prepared on : All-FX January 10, 20XX Dept. & Name January 10, 20XX Key Success Factors to Multichannel Presence © 2014 Fuji Xerox Co., Ltd. All rights reserved. 9 Source:* PWC 2014 Separate Views of the product Separate view of Customer Inconsistent delivery of product information Inconsistent service delivery across channels Website Telesales eCommerce Customer Service Single View of the Products and customer Single view of the Customer Consistent delivery of product information Consistent execution of service IntegratedData Managementand Analysis •Consistency of customer experience is critical •Aligning internal processes to multichannel solutions is required
11.
Fuji Xerox Internal
Use Only Disclosed to : Protected until : Author : Prepared on : All-FX January 10, 20XX Dept. & Name January 10, 20XX Customer Interactions 10© 2014 Fuji Xerox Co., Ltd. All rights reserved.
12.
Fuji Xerox Internal
Use Only Disclosed to : Protected until : Author : Prepared on : All-FX January 10, 20XX Dept. & Name January 10, 20XX Depending on the customer profile, various touch-points are used to engage with a brand Customer Interactions: Online and Offline © 2014 Fuji Xerox Co., Ltd. All rights reserved. 11 Source: Accenture CMO Insights
13.
Fuji Xerox Internal
Use Only Disclosed to : Protected until : Author : Prepared on : All-FX January 10, 20XX Dept. & Name January 10, 20XX •Consumers see the brand as a single entity, and expect a personalized engagement across channels •It has become very easy for the customers to switch back-and-forth between the various channels How Customers See A Brand © 2014 Fuji Xerox Co., Ltd. All rights reserved. 12 Source: Accenture CMO Insights
14.
Fuji Xerox Internal
Use Only Disclosed to : Protected until : Author : Prepared on : All-FX January 10, 20XX Dept. & Name January 10, 20XXIn Reality © 2014 Fuji Xerox Co., Ltd. All rights reserved. 13 •Companies, however, have grown in silos and struggle with sharing data to provide the customer with a seamless interaction •These silos create much duplication and overhead •They need to be removed to remain competitive Source: Accenture CMO Insights
15.
Fuji Xerox Internal
Use Only Disclosed to : Protected until : Author : Prepared on : All-FX January 10, 20XX Dept. & Name January 10, 20XX Data Integration 14© 2014 Fuji Xerox Co., Ltd. All rights reserved.
16.
Fuji Xerox Internal
Use Only Disclosed to : Protected until : Author : Prepared on : All-FX January 10, 20XX Dept. & Name January 10, 20XX The challenge facing the marketing industry today is progressing beyond the multi- channel analytic limitations of aggregated data collection methods used by traditional web analytics. The opportunity is to have a digital data collection framework that enables both business intelligence and predictive analytics. This methodology requires organizations to collect data about: •Web, social, and mobile app sessions (multi-domain visits) •Accurately stitch together digital visits to one anonymous visitor profile •After authentication, accurately stitch together digital visits across devices, browsers, and multiple domains to one customer profile Individual Customer-Level Digital Data © 2014 Fuji Xerox Co., Ltd. All rights reserved. 15
17.
Fuji Xerox Internal
Use Only Disclosed to : Protected until : Author : Prepared on : All-FX January 10, 20XX Dept. & Name January 10, 20XX To deliver comprehensive customer insights, firms seek to merge digital data with offline channels. Web and customer analytics teams are attempting to work together, but their projects struggle to get off the ground due to a clash in 1. Data types — Structured vs. Unstructured, Known Data vs. Anonymous 2. Skills — Data Scientist vs. Web Geek 3. Analysis — Advanced Analytics versus “Good Enough” Analytics 4. Time-to-delivery — Best Possible Reporting vs. Satisfactory Instantaneous Reporting Customer Insights and Digital Data © 2014 Fuji Xerox Co., Ltd. All rights reserved. 16 Source: SAS Institute INC.
18.
Fuji Xerox Internal
Use Only Disclosed to : Protected until : Author : Prepared on : All-FX January 10, 20XX Dept. & Name January 10, 20XXBig Data Opportunities © 2014 Fuji Xerox Co., Ltd. All rights reserved. 17 Source: SAS Institute INC. In the past few years, there has been a notable upswing in new and incremental abilities to process very large amounts of information. Data repositories – from Hadoop environments to traditional relational databases like SAP, Teradata, and Oracle – are getting bigger, stronger, and faster. Now that it’s possible to handle very large amounts of information, we can approach digital data differently. Collecting web analytic data streams and preparing it for multi-channel integration is the biggest opportunity to focus on. But… All of the Information Available Information you need
19.
Fuji Xerox Internal
Use Only Disclosed to : Protected until : Author : Prepared on : All-FX January 10, 20XX Dept. & Name January 10, 20XX © 2014 Fuji Xerox Co., Ltd. All rights reserved. 18 Source: January 2014 Celebrus and Teradata Multiple Data Sources Quality and Other Challenges Big Data Challenges
20.
Fuji Xerox Internal
Use Only Disclosed to : Protected until : Author : Prepared on : All-FX January 10, 20XX Dept. & Name January 10, 20XX Strategy, Organization, and System Architecture Three Areas for Successful Transformation © 2014 Fuji Xerox Co., Ltd. All rights reserved. 19
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Fuji Xerox Internal
Use Only Disclosed to : Protected until : Author : Prepared on : All-FX January 10, 20XX Dept. & Name January 10, 20XXAre Organizations Ready for Change? © 2014 Fuji Xerox Co., Ltd. All rights reserved. 20 Cautious Adopters • Can we quantify the market demand? • Can we wait for this to commoditize? • Is this more than a trend? • What type of integration is required? • Are there security and safety risks? Market Leaders • Can we transform our business model? • What outcomes can we transform? • How do we go to market first with this? • How do we make this easy to consume? • Will this truly differentiate our offering? Laggards • Do we really need to disrupt our business? • Will customers really want this? • How long can we wait for commoditization? • How much longer can we put this off? • Has the trend moved on beyond mainstream? Fast Followers • What happens if our competition goes first? • How long we wait to adopt? • Can we learn from first mover mistakes? • How do we scale this faster and cheaper? • Do we really need to do this? PROACTIVE REACTIVE INCREMENTAL TRANSFORMATIONAL Source: R Wang Insider and Associates, LLC
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