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Impact of Digital
Transformation on
Businesses
Namrata Balwani
/namratabalwani
@mysti
Middlesex University Dubai
ICTIS 2019
May 2
2/5/19 1Namrata Balwani
What Is Digital Transformation?
2/5/19 2Namrata Balwani
What Is Digital Transformation?
Photo by Forbes
2/5/19 3Namrata Balwani
Digital
Transformation
is
People
Transformation
Photo by Perry Grone on Unsplash
2/5/19 4Namrata Balwani
"Digital transformation
is 20% technology
infrastructure, 30%
data and 50% skill"
Middle East CEOs see changing consumer
behaviours (79%) and the speed of
technological change (75%) as the most
significant threats to their organisations.
PWC Middle East CEO Survey 2019
Photo by William Iven on Unsplash
2/5/19 5Namrata Balwani
Less than 30% of Digital
Transformations Succeed
The Keys To Success
• having the right, digital-savvy leaders in place
• building capabilities for the workforce of the
future
• empowering people to work in new ways
• giving day-to-day tools a digital upgrade
• communicating frequently via traditional and
digital methods
Upto 3 times more successful digital
transformations
McKinsey Survey 2018
Photo by Marvin Ronsdorf on Unsplash
2/5/19 6Namrata Balwani
NIKE Digital achieved $1 billion
(+36%) revenue in Q3 fiscal
2019
Consumers using the Nike App at
Retail average 40% higher sales than
those who don’t
SNKRS traffic and revenue rose in
triple digits
Digital tools are reducing lead times,
driving sustainability, and leading to
faster design cycles
2/5/19 7Namrata Balwani
Customer Centricity
Understand the customer first and
plan the experience, then plan
organization and teams
• Macro Disruptions
• Influences/ Trends
• Needs and Beliefs
• Insights
• Journeys
• Experience
Photo by Tim Marshall on Unsplash
The purpose of digital transformation is to change how a
company provides value to its customers.
2/5/19 8Namrata Balwani
Democratisation
through Digital
Technology Brands
Distribution Content
Payments Analytics
Photo by Steven Lelham on Unsplash
2/5/19 9Namrata Balwani
The Changing Customer
& The Power Of Choice
INSTANT INDECISIVE
PERSONALISATION
POWERED
Photo by Nathan Dumlao on Unsplash
2/5/19 10Namrata Balwani
Rethinking Your
Teams and Skills
Photo by Mimi Thian on Unsplash
Omnichannel: End of
Silo driven
specializations,
planned around
customer journeys
and customer state
Agile: Move fast,
work in increments,
test, release,
measure, recalibrate
Data Driven: Insights,
Sales, Marketing,
Customer Service are
all data driven.
Frontline staff critical
to success.
Dynamic: Adaptable
to new trends,
unboxed by
traditional
distribution
Collaborative: Lean
and collaborative
rather than
hierarchical and
territorial
Convergence: Org +
Data + Tech + Skills
Continuous: Always
on Marketing,
Contextual,
Personalised, Micro
Segment based
Tech Stack: Data management technology across
the Marketing Stack; CRM, content, email, social,
website, ads, outreach, DMP, BI, analytics,
automation
2/5/19 11Namrata Balwani
Principle 2
Photo by Robert Bye on Unsplash
McKinsey Survey 2017
2/5/19 12Namrata Balwani
Customer
Experience?
Source: Marketoonist
2/5/19 13Namrata Balwani
Our Challenges
Photo by Mikito Tateisie on Unsplash
• No single customer view
• Lead to customer – data flow broken,
not real time
• Core customer interaction dependent
on manual notes
• Multiple applications and data sources
– not integrated
• Member Journey effectiveness
hampered by speed of execution
• No marketing automation or
personalization in comms or
ecommerce
• Loyalty programme sits outside of
membership management
• Reduce CPA and churn/ attrition
2/5/19 14Namrata Balwani
What we did
 Identify the objectives
 Plan the customer journeys
 Identify areas of improvement & enhancements for each
key area/ team
 Single Customer View meaning & structure
 Study technology enablers
 Envision the future platform
 Integration and Application Design
 UAT
 Train the Trainer
 Train the Teams
 Live
 Monitor, Test, Iterate, Improve
 Success Plan – what does success look like?
Source: Marketoonist
2/5/19 15Namrata Balwani
Customer
Experience?
Making Evangelists of Customers
2/5/19 16Namrata Balwani
It’s Just The Beginning!
Namrata Balwani
/namratabalwani
@mysti
Middlesex University Dubai
ICTIS 2019
May 2 2/5/19 17Namrata Balwani

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Impact of Digital Transformation on Businesses

  • 1. Impact of Digital Transformation on Businesses Namrata Balwani /namratabalwani @mysti Middlesex University Dubai ICTIS 2019 May 2 2/5/19 1Namrata Balwani
  • 2. What Is Digital Transformation? 2/5/19 2Namrata Balwani
  • 3. What Is Digital Transformation? Photo by Forbes 2/5/19 3Namrata Balwani
  • 4. Digital Transformation is People Transformation Photo by Perry Grone on Unsplash 2/5/19 4Namrata Balwani
  • 5. "Digital transformation is 20% technology infrastructure, 30% data and 50% skill" Middle East CEOs see changing consumer behaviours (79%) and the speed of technological change (75%) as the most significant threats to their organisations. PWC Middle East CEO Survey 2019 Photo by William Iven on Unsplash 2/5/19 5Namrata Balwani
  • 6. Less than 30% of Digital Transformations Succeed The Keys To Success • having the right, digital-savvy leaders in place • building capabilities for the workforce of the future • empowering people to work in new ways • giving day-to-day tools a digital upgrade • communicating frequently via traditional and digital methods Upto 3 times more successful digital transformations McKinsey Survey 2018 Photo by Marvin Ronsdorf on Unsplash 2/5/19 6Namrata Balwani
  • 7. NIKE Digital achieved $1 billion (+36%) revenue in Q3 fiscal 2019 Consumers using the Nike App at Retail average 40% higher sales than those who don’t SNKRS traffic and revenue rose in triple digits Digital tools are reducing lead times, driving sustainability, and leading to faster design cycles 2/5/19 7Namrata Balwani
  • 8. Customer Centricity Understand the customer first and plan the experience, then plan organization and teams • Macro Disruptions • Influences/ Trends • Needs and Beliefs • Insights • Journeys • Experience Photo by Tim Marshall on Unsplash The purpose of digital transformation is to change how a company provides value to its customers. 2/5/19 8Namrata Balwani
  • 9. Democratisation through Digital Technology Brands Distribution Content Payments Analytics Photo by Steven Lelham on Unsplash 2/5/19 9Namrata Balwani
  • 10. The Changing Customer & The Power Of Choice INSTANT INDECISIVE PERSONALISATION POWERED Photo by Nathan Dumlao on Unsplash 2/5/19 10Namrata Balwani
  • 11. Rethinking Your Teams and Skills Photo by Mimi Thian on Unsplash Omnichannel: End of Silo driven specializations, planned around customer journeys and customer state Agile: Move fast, work in increments, test, release, measure, recalibrate Data Driven: Insights, Sales, Marketing, Customer Service are all data driven. Frontline staff critical to success. Dynamic: Adaptable to new trends, unboxed by traditional distribution Collaborative: Lean and collaborative rather than hierarchical and territorial Convergence: Org + Data + Tech + Skills Continuous: Always on Marketing, Contextual, Personalised, Micro Segment based Tech Stack: Data management technology across the Marketing Stack; CRM, content, email, social, website, ads, outreach, DMP, BI, analytics, automation 2/5/19 11Namrata Balwani
  • 12. Principle 2 Photo by Robert Bye on Unsplash McKinsey Survey 2017 2/5/19 12Namrata Balwani
  • 14. Our Challenges Photo by Mikito Tateisie on Unsplash • No single customer view • Lead to customer – data flow broken, not real time • Core customer interaction dependent on manual notes • Multiple applications and data sources – not integrated • Member Journey effectiveness hampered by speed of execution • No marketing automation or personalization in comms or ecommerce • Loyalty programme sits outside of membership management • Reduce CPA and churn/ attrition 2/5/19 14Namrata Balwani
  • 15. What we did  Identify the objectives  Plan the customer journeys  Identify areas of improvement & enhancements for each key area/ team  Single Customer View meaning & structure  Study technology enablers  Envision the future platform  Integration and Application Design  UAT  Train the Trainer  Train the Teams  Live  Monitor, Test, Iterate, Improve  Success Plan – what does success look like? Source: Marketoonist 2/5/19 15Namrata Balwani
  • 16. Customer Experience? Making Evangelists of Customers 2/5/19 16Namrata Balwani
  • 17. It’s Just The Beginning! Namrata Balwani /namratabalwani @mysti Middlesex University Dubai ICTIS 2019 May 2 2/5/19 17Namrata Balwani