By following a five-step plan, media and entertainment companies can optimize human resources, standardize key business processes and revamp aging IT infrastructure to ensure viability over the long term.
Colgate is a leader in oral health care products and with this digital strategy, Colgate will continue its success and be a force to compete with. Colgate has a very positive reputation online- with their detailed responses to consumers. Their website is very user-friendly and easy to navigate. The website is replicated successfully on a mobile electronic device - keeping crucial consistency. This digital strategy will take what Colgate has and make it that much better.
The Exemplary Leadership Achievement (ELLA) Awards is a program that recognizes and celebrate corporations whose strategic and philanthropic investments in Emerging Domestic Markets are strengthening low-income communities by improving opportunities for minorities. The purpose of the award is to encourage broader commercial and industry-wide investments through special recognition of organizations with demonstrable and reputable commitment to advancing the development of these markets.
Colgate is a leader in oral health care products and with this digital strategy, Colgate will continue its success and be a force to compete with. Colgate has a very positive reputation online- with their detailed responses to consumers. Their website is very user-friendly and easy to navigate. The website is replicated successfully on a mobile electronic device - keeping crucial consistency. This digital strategy will take what Colgate has and make it that much better.
The Exemplary Leadership Achievement (ELLA) Awards is a program that recognizes and celebrate corporations whose strategic and philanthropic investments in Emerging Domestic Markets are strengthening low-income communities by improving opportunities for minorities. The purpose of the award is to encourage broader commercial and industry-wide investments through special recognition of organizations with demonstrable and reputable commitment to advancing the development of these markets.
CADBURY DAIRY MILK ADVERTISING CHANGE IN INDIASugandha Gupta
This presentation truly depicts the transformation in the advertising strategy of CADBURY DAIRY MILK from children to the adults to the teenagers... including the people in the rural areas and celebrating happiness with cadbury. It depicts the INDIANISATION of the advertising campaign of cadbury dairy milk in INDIA and changing the CADBURY DAIRY MILK from a chocolate to sweet which has become an indespensible part of our lives. :)
Social networks and digital devices are being used to engage government, businesses and civil society, as well as friends and family. People are using mobile, interactive tools to determine who to trust, here to go and what to buy. At the same time, businesses are undertaking their own digital transformations, rethinking what customers value most and creating operating models that take advantage of what’s newly possible for competitive differentiation. The challenge for business is how fast and how far to go down the road to the eBusiness evolution.
CADBURY DAIRY MILK ADVERTISING CHANGE IN INDIASugandha Gupta
This presentation truly depicts the transformation in the advertising strategy of CADBURY DAIRY MILK from children to the adults to the teenagers... including the people in the rural areas and celebrating happiness with cadbury. It depicts the INDIANISATION of the advertising campaign of cadbury dairy milk in INDIA and changing the CADBURY DAIRY MILK from a chocolate to sweet which has become an indespensible part of our lives. :)
Social networks and digital devices are being used to engage government, businesses and civil society, as well as friends and family. People are using mobile, interactive tools to determine who to trust, here to go and what to buy. At the same time, businesses are undertaking their own digital transformations, rethinking what customers value most and creating operating models that take advantage of what’s newly possible for competitive differentiation. The challenge for business is how fast and how far to go down the road to the eBusiness evolution.
O'Reilly eBook: Creating a Data-Driven Enterprise in Media | eubolrVasu S
An O'Reilly eBook about Creating a Data-Driven Enterprise in Media DataOps Insights from Comcast, Sling TV, and Turner Broadcasting.
https://www.qubole.com/resources/ebooks/ebook-creating-a-data-driven-enterprise-in-media
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One positive development in what was generally a challenging year for the global entertainment and media sector was the rise in popularity of movie and television material streamed over the internet (also known as "over-the-top," or OTT).
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Digitalization has unleashed a wave of transformation across a range of industries. The pace of change has been mind boggling and will only continue to accelerate. Everything from business models and product categories to financing and human resources will transform in order to take advantage of the possibilities of the Networked Society.
Los números más importantes del 2015 y las tendencias que hay que monitorear en el 2016
The numbers that mattered in 2015 and the trends to watch in 2016
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2017 Consumer Products Industry Outlook by DELOITTEthierry jolaine
2017 Consumer Products Industry Outlook
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The world is being transformed by new technologies, which are redefining customer expectations, enabling businesses to meet these new expectations, and changing
the way people live and work. Digital transformation, as this is commonly called, has immense potential to change consumer lives, create value for business and unlock
broader societal benefits.
The World Economic Forum launched the Digital Transformation Initiative in 2015, in collaboration with Accenture, to serve as the focal point for new opportunities and
themes arising from the latest developments in the digitalization of business and society. It supports the Forum’s broader activity around the theme of the Fourth
Industrial Revolution. Since its inception, the Initiative has analysed the impact of digital transformation across 13 industries and five cross-industry topics, to identify the
key themes that enable the value generated by digitalization to be captured for business and wider society. Drawing on these themes, we have developed a series of
imperatives for business and policy leaders that look to maximize the benefits of digitalization. We have engaged with more than 300 executives (both from leading
global firms and newer technology disruptors), government and policy leaders, and academics.
Every industry has its nuances and contextual differences, but they all share certain inhibitors to change. These include the innovator’s dilemma (the fear of
cannibalizing existing revenue models), low technology adoption rates across organizations, conservative organizational cultures, and regulatory issues. Business and
government leaders should continue to work towards addressing these challenges.
A notable outcome of this work is the development of our distinctive economic framework, which quantifies the impact of digitalization on industry and society. It can be
applied consistently at all levels of business and government to help unlock the estimated $100 trillion of value that digitalization could create over the next decade. We
have already started to leverage this framework for region-specific discussions with some governments.
We are confident that the findings from the Initiative will contribute to improving the state of the world through digital transformation, both for business and wider society.
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A Transformation Roadmap for Media and Entertainment Revitalization
1. A Transformation Roadmap for Media and
Entertainment Revitalization
By following a five-step plan, media and entertainment companies can
optimize human resources, standardize key business processes and
revamp aging IT infrastructure to ensure viability over the long term.
• Cognizant 20-20 Insights
Executive Summary
Technology has grown exponentially over the
past 15 years within media and entertainment,
bombarding the film, TV, publishing and music
industries with new competition, business models
and product landscapes that benefit a digitally
sophisticated consumer base. However, for
incumbent media and entertainment businesses,
disruptive technology requires adaptation, and
those that fail to adapt risk obsolescence.
Successful adaptation often requires a complete
business transformation — a daunting and
complex effort that requires a comprehen-
sive evaluation of corporate strategies, human
resources, processes and technologies. Now
more than ever, understanding the complexity of
business transformation is critical to longevity in
the media and entertainment space.
Working with many of the largest global media
and entertainment companies, we have helped
players transform their businesses to adapt
to ever-changing environments, whether they
are large, small, new or established. This white
paper explores the drivers affecting change
within media and entertainment, describes our
five-phase methodology for business transfor-
mation and reveals success factors critical to a
meaningful business transformation effort.
Drivers of Transformation
In recent years, digital disruption has upended
traditional business models within the media and
entertainment marketplace. Content consump-
tion across media channels, devices and demo-
graphics is on the rise. Due to unprecedented
Internet usage and adoption of Internet-enabled
devices, consumers are now at the heart of a
digital ecosystem in which they actively create,
distribute and consume content.
As a result, the components of traditional
industry business models — product develop-
ment, pricing and revenue models, marketing,
advertising, branding, distribution — have all been
impacted by drastic changes sweeping these
industries. Not only are core business processes
being altered by technological advances, but the
ways in which people use technology to perform
work within the organization are shifting, as well;
effective sharing, collaboration, virtualization and
innovation are emerging as essential ingredients
of business success. What follows are examples
of how these trends are reshaping today’s media
and entertainment landscape.
cognizant 20-20 insights | december 2012
2. cognizant 20-20 insights 2
Broadband and Mobile Devices
Nearly 65% of U.S. adults use high-speed Internet
connections at home, and broadband users rate
content consumption and sharing as two of the
most important ways they use the Internet.1
With
smartphone adoption reaching nearly 30% of the
global mobile user base, consumers are increas-
ingly choosing to consume media through these
devices.2
The emergence of 3G and 4G networks
and enhanced network infrastructure has further
fueled this growth.
Digital Content Delivery Competition
Digitization has introduced a fundamental
change to the concept of media and entertain-
ment products. Incumbent market players face
increasing competition from high-technology
companies offering hardware and software
solutions for digital content delivery. Apple,
Google and Amazon have created effective, self-
sustaining, self-reinforcing business models, and
newer companies such as Netflix, Hulu, Spotify
and Pandora are paving the way for new content
distribution channels and business models. These
models include on-demand, subscription, sell-
through, streaming, ad-supported, freemium,
searched, recommended and curated.
Social Media and CRM
According to a recent Nielsen Media report, social
networks and blogs now account for nearly 25%
of total time spent on the Internet.3
Whether or
not this time expenditure is complementary or
cannibalistic to traditional media, the rise of social
CRM has facilitated bi-directional collaboration
and information sharing between companies and
their customers. Accordingly, productivity gains of
social CRM have been estimated at 11.8% among
marketing and sales executives and will continue
to be adopted across corporate enterprises.4
Big Data
With the rise of broadband and mobile devices,
digital content distribution platforms and social
media, data has grown exponentially across all
industry segments. Social networks, real-time
consumer behavior and mobile and location-
based services now represent important sources
of information, not just for customer relation-
ship management but for driving key business
decisions. For instance, BigChampagne and
Next Big Sound have become key sources for
music companies to obtain data and analytics
from social media “chatter” and make decisions
affecting music marketing, artist repertoire and
distribution.
Regulatory and Policy Stalemate
Laws aimed at curbing piracy remain in a state of
flux and greatly impact media and entertainment
companies. In the U.S. Congress, the Stop Online
Piracy Act and Protect Intellectual Property
Act sparked intense debate over the rights of
copyright holders vs. interest in an open Internet.
While government bodies are stuck in stalemate,
regulatory compliance is only one part of a
complex, multipronged strategy that media and
entertainment companies can apply to impose
control over the use and consumption of their
intellectual property.
Identifying the Need for Business
Transformation
How do you know if your business is in need of a
transformational effort? Through our work with
media and entertainment companies, we have
observed the following key indicators:
Industry and Business Lifecycle Maturity
The biggest factors indicating the need for
business transformation within the media and
entertainment industries are the maturity or
decline of core revenue channels or models. Other
indicators, however, also have the potential to
spur the need for transformation, including inno-
vations in technology, new competitive entrants
and even regulatory forces.
For example, print publishing industry revenues
have gradually declined for a large part of the last
decade and are forecast to decline further, from
$10.2 billion to $ 9.5 billion (in circulation revenue)
and $24.7 billion to $23.2 billion (in advertising
revenue) between 2010 and 2015.5
Similarly, in the music industry, revenue from
album sales declined between 2000 and 2010,
at an annual average of 8%.6
In these industries,
traditional customers have moved onto online
and mobile channels to consume content,
but incumbent companies in some cases lack
the agility and capital — financial, human and
otherwise — to follow suit. On top of this, disruptive
technologies and new entrants have completely
turned the traditional distribution of books and
music on its ear. This trend illuminates why some
traditional publishing and music companies need
wide-scale transformation efforts to remain com-
petitive.
Disparate IT Systems
As media and entertainment companies have
grown over the years, the size and scope of
3. cognizant 20-20 insights 3
their IT stacks have widened from legacy
mainframe systems to next-generation, cloud-
based solutions. Often, a lack of interoperability
between systems and data creates information
and process gaps. In addition, different vendors
often support different systems, preventing the
collaboration and clear communication needed
to rationalize systems. Without unified enter-
prise-level IT systems, interoperability or open
interfaces, companies can struggle to standard-
ize processes and gain necessary efficiencies to
compete with low-cost industry leadership.
Aging Systems, Inflexible Technology and
Fragmentation
As in any other industry, legacy systems form a
significant part of the media and entertainment
IT landscape. In many companies, they contain
the core business logic for several business
functions, but they are also costly to own, lack
vendor support and are difficult to integrate with
new technologies or modern distributed architec-
tures. Such legacy systems often thwart attempts
by companies to adapt to local market needs,
quickly exploit new opportunities or execute an
ambitious new business strategy.
Similar to the ever-expanding size and scope of IT
stacks, technical operations and IT groups within
media and entertainment companies have grown
and fragmented in disparate ways. The past five to
10 years have seen stand-alone, innovation-incu-
bating “digital media” groups emerge, proliferate
and fragment, as social media, big data, mobility
and cloud disciplines have called for separate
areas of expertise. Often, large media and enter-
tainment companies struggle to enable collabora-
tion among these groups or integrate their capa-
bilities into operating/functional business units.
An Approach to Business
Transformation
After observing these symptoms at many of our
media and entertainment clients, we created a
methodology for developing an actionable plan
for business transformation. Our methodology
delivers a three- to five-year plan that can be
immediately translated into real transformational
change for an enterprise.
Phase 1: Defining Value & Strategies
The rapid proliferation of disruptive technologies,
not to mention ever-changing consumer tastes
and behaviors, have greatly impacted media and
entertainment company strategies over the past
10 years. Before embarking on a transformative
effort within a rapidly changing environment,
it is crucial that the values and business strat-
egy be revisited to ensure the most relevant and
informed approach. Formulating strategy is the
first step and a foundational effort for business
transformation. The strategies
and values identified will set
the tone for the entire trans-
formation effort, so it must be
actionable and easily commu-
nicated.
Our Cognizant Value Discovery
Assessment (CVDA) is a propri-
etary tool and framework that
informs, transforms and com-
municates an organization’s
strategy. The CVDA’s value is
in its ability to deliver a relative
diagnosis of the current and
planned strategies to prioritize
the areas of change and focus
that the organization should
pursue. The CVDA evaluates the current and future
enterprise transformation strategies against the
top four levers that deliver value in media and
entertainment companies (see Figure 1):
• Efficiency: Optimizing the cost structure of
the business, streamlining processes, reducing
waste and generating higher returns on
investment.
• Effectiveness: Improving productivity and
operational performance in such areas
as quality control, customer satisfaction,
decreased time to market, etc.
• Virtualization: Sharing work processes,
knowledge and technology both within and
outside the enterprise in a collaborative and
flexible manner.
• Innovation: Fostering the capacity to create
new products, services, channels and market
opportunities that will result in new revenue
streams.
Phase 2: Business Capability and Model
Definition and Assessment
A business capability is what a business funda-
mentally must do to achieve its objectives. In
order to support a business transformation, an
organization may need to nurture a set of capa-
bilities it does not currently have. For example,
many media and entertainment companies need
to translate customer experiences, workflows and
engagement to mobile platforms. Studios, record
Without unified
enterprise-level
IT systems,
interoperability or
open interfaces,
companies can
struggle to standardize
processes and gain
necessary efficiencies
to compete with
low-cost industry
leadership.
4. cognizant 20-20 insights 4
companies and publishers need robust methods
of distributing and delivering content across
a variety of platforms and experiences. These
are capabilities that 15 years ago, most of these
companies didn’t have to worry about.
After defining capabilities, the
next logical step is to look at how
to deliver value to customers. A
business model describes the
rationale of how an organization
creates, delivers and captures
value. As part of the transforma-
tion effort, it is critical to identify
high-level business models that
describe what your organization
will deliver to your customers, in
what markets and in what ways.
For example, with fragmented
digital distribution channels, studios, publishers,
music and content creators need to evaluate and
understand the dynamics of both subscription
and pay-to-own business models, such as Spotify
and iTunes, and how those models impact their
business operations, technologies and processes.
When embarking on a business transformation
effort, it is crucial that business models and capa-
bilities align to ensure an organization’s ability to
operate in an ever-changing business environ-
ment. Forces such as globalization, the millennial
mindset, “prosumers,” business virtualization and
cloud platforms will continue to disrupt the media
landscape moving forward. (For more on this
topic, read our white paper, “Finding Your Place in
the New World of Communications, Digital Media
and Entertainment,” produced in collaboration
with the MIT Center for Digital Business.)
Phase 3: Current State Assessment
With the rapid changes in content consumption,
media and entertainment companies have often
implemented business processes and capabilities
as Band-Aids, patches and extensions of legacy
workflows. However, conducting a fully trans-
formational effort requires understanding of
current-state business processes, at a high level.
This effort helps identify an organization’s opera-
tional strengths and weaknesses, current-state
landscape and value stream, to identify a starting
point for a meaningful business transformation.
The current-state assessment is necessary to
form a baseline for the future-state definition, as
well as gain an understanding of the critical pain
points and improvement opportunities. Achieving
a successful current-state assessment relies on
aligning the level of detail gathered within the
current state with the future-state objectives.
Given the amount of change that most business
transformation initiatives intend to implement,
gathering current-state information at a detailed
level is typically time consuming and does not nec-
essarily serve the objectives of the future-state
It is critical to
identify high-level
business models
that describe what
your organization
will deliver to your
customers, in what
markets and in
what ways.
Four Value Levers of Media and Entertainment Industry
Figure 1
Virtualization
InnovationEffectiveness
Efficiency
• Productivity/quality
improvement
• Enhancement or expansion
of existing capabilities and
business models
• Improved capital productivity/utilization
• Developing offerings through strategic
partnerships and joint ventures
• Cloud offerings
• Innovation
• Revenue enhancement
• New business models
and capabilities
• Cost reduction and control
• Lowering effort while improving output
5. cognizant 20-20 insights 5
definition. It’s more important to get a baseline
understanding for the development of future-
state processes, organizational structure and
systems rather than documenting a very detailed
version of a current state that will inevitably
change.
Our customized, high-level value stream mapping
methodology ensures alignment of the current-
state assessment and the future-state definition
so that only the right level of information is
gathered. This methodology supports the devel-
opment of an end-to-end view of an organization
and creates a focused and complete map of the
enterprise processes that will be used to assist
in determining the impact of the changes being
brought about by the transformation initiative.
Phase 4: Future-State Definition, Gap Analysis
and In-Flight Analysis
The future-state definition phase is where trans-
formation moves from vision to definitive form.
Building off the current-state assessment, the
transition and development of the future state
defines the change needed to enable the business
capabilities and vision developed in the first
phase. The future-state definition brings together
the components of the business strategy,
business capabilities and current-state pain
points to develop a series of workstreams that
will serve as action plans to deliver the future-
state vision. This phase is not intended to design
new processes or in-depth system requirements,
although it will create a structure to articulate the
future-state vision.
For example, an entertainment company tran-
sitioning from delivering playout content using
existing models to distributing that content via
emerging options may have high-level work-
streams such as second-screen application devel-
opment, modification of digital rights contracts
and management systems, establishment of new
relationships with content delivery networks, and
integration with social media sites through APIs.
While identifying projects needed to fulfill the
organization’s future-state vision, the organi-
zation must also review and continue, halt or
repurpose any inflight projects related to the
transformation effort.
The mix of future-state workstreams should
closely align with the focus and priorities
developed in the strategy, capabilities and
business model phases. The development of
future-state workstreams is a critical component
to the development of a business transformation
initiative in that the workstreams identified within
this stage will be the basis for the roadmap.
With all the work involved with identifying
necessary projects and workstreams that will
transform the enterprise, current initiatives
and projects will not completely halt once an
enterprise transformation effort has begun. As
large transformation efforts are often implement-
ed over multiple years, it is equally important to
understand how the business transformation
initiative could impact ongoing initiatives, as well
as how business-as-usual activities (BAU) will be
carried out during transitional periods.
Since many of the processes and capabilities
addressed within the business transformation
initiative are business-critical, it is crucial to the
success and validity of the plan being developed
to have considered the dependencies, tollgates
and critical success factors that are associated
with the future-state workstreams identified.
This dependency and coordination effort can be
a challenge for many organizations, particularly
those that currently operate in a siloed fashion.
For example, numerous functions within an orga-
nization may simultaneously explore social media
initiatives in an uncoordinated fashion, making
it difficult to integrate social media effectively
into the overall business strategy and cross-
department processes. Understanding the entire
landscape of projects and programs within the
organization helps create the most effective
transformation roadmap and plan.
Phase 5: Transformation Roadmap Definition
The definition of the roadmap is where all the
components of business vision, current-state
and future-state efforts come together to form
an actionable and meaningful plan to achieve
meaningful transformation. Building this roadmap
collaboratively with all stakeholders will ensure
input and support across all impacted groups
within the organization.
Transforming Workstreams to Projects
This effort begins with transforming workstreams
into actionable projects that the organization can
plan, resource and execute. Due to the nature of
the workstream ideation and creation process
during the future-state assessment, it is likely
that the workstreams generated from this effort
will have overlapping areas, as well as pieces
6. cognizant 20-20 insights 6
that will work better when reorganized into other
projects or workstreams. Transforming the work-
streams into actionable projects is not an exact
science, but it is critical to consider which part of
the organization can best manage the initiatives
that are overlapping, since these will be the most
challenging and contain the highest number of
competing interests.
Resourcing the Projects
Since the transformation effort will likely take
significant coordinated effort across depart-
ments, constructing a realistic resource plan
for each project is absolutely necessary during
the roadmap creation phase. While this can be
an overwhelming task, it is important to plan
and estimate the resourcing plans for the first
few projects lined up in the
roadmap. This will help create
realistic expectations and
ensure a smooth transition
and retention of momentum,
from planning to implementa-
tion.
During resource planning,
remember that each project
should be evaluated to
determine the best resourcing
model. For example, will your
top talent be allocated equally
to transformation projects
and day-to-day business? Will
you choose to outsource a
project entirely? Or is a project best served by a
hybrid model of internal and external talent? A
mix of resourcing models is typically used across
enterprise transformation efforts in order to
minimize the impact to the ongoing business,
develop the needed innovation and successfully
execute. Consider the timeline and objectives of
the project to inform the decision around using
primarily internal or external resources for
execution.
Other Roadmap Creation Considerations
The projects and resources needed to complete a
project will provide the necessary inputs to arrive
at costing, but a detailed estimate of high-priority
projects is crucial for understanding the potential
magnitude of the business transformation effort.
Additionally, while creating the roadmap, it is
essential to project and quantify the amount
of change the enterprise can sustain. Business
transformation efforts can often be daunting, and
issues can arise when an organization is trying to
undertake too many large changes at once.
Change management and a quantifiable under-
standing of the change impacts can go a long
way toward informing how many projects and
initiatives an organization can manage at once.
Our proprietary methodology can quantify the
amount of change and the associated impacts for
an individual project or a collection of initiatives.
Keys to Success
Due to the scope and underlying complexity
involved with most business transformation
projects, it is important to identify success factors.
We have observed that the following elements
drive the success of most business transforma-
tion projects:
• Executive sponsorship: Executives need to
communicate their engagement with, commit-
ment to and support for the transformation
initiative to the entire organization.
• Strong governance and management: Coor-
dination and control over multiple projects is
critical to the success of an initiative this size.
• Continual justification and review: Quarterly
roadmap review sessions ensure that the most
important initiatives are addressed.
• Business value-based decisions: All adjust-
ments to the roadmap must be based on a
business value decision.
• Effective change management/marketing:
Enthusiasm needs to be created for the road-
map, both with employees and external parties.
• Discipline around structure: Any new proj-
ects need to be vetted in the context of the
roadmap to minimize distractions.
• Appropriate staffing: Outside parties should
be engaged where bandwidth or expertise is
required.
• Structured project request process: A pro-
cess needs to be created that streamlines the
submission and review of projects not current-
ly on the roadmap.
Looking Ahead
A rapidly changing landscape has created the
need for media and entertainment industry
stalwarts to closely examine the people, processes
and technology they are using to operate in this
It is critical to
consider which part
of the organization
can best manage the
initiatives that are
overlapping, since
these will be the
most challenging and
contain the highest
number of competing
interests.