Digitalization is today’s biggest buzzword. The subscription-based business model has not only revolutionized how software solutions are delivered, but it has also played a decisive role in sales and marketing at companies around the world.
This book is dedicated to guide you down the first steps of your journey to subscription-based business models, customized marketing with digitalized sales and customer success management.
A Pinpoint Systems Corporation White Paper on Guidelines for Implementing an Enterprise Interactive Marketing Solution to Execute a Relationship Marketing Strategy.
Customer Relationship Marketing (CRM) depends on knowing or inferring something about a customer’s needs and interests in order to provide the most relevant information, products and services. When done effectively, it requires a strong organizational commitment to adopting the processes and tools necessary to understand customer expectations
and address those expectations in each customer interaction.
This paper offers a roadmap to implementing an enterprise interactive marketing solution that includes:
-A discussion of what interactive marketing is – and is not
-The business process considerations for obtaining real value from interactive marketing technology
-Where interactive marketing components can fit into your existing systems and the five primary system components that must be integrated or built
-How to approach an implementation through a series of steps and phases
-In practice: How we designed interactive marketing solutions at two companies
1. Sales organizations are implementing new approaches like teamwork, job rotation, and customer workshops to better share knowledge internally and externally.
2. Co-creation of value propositions with customers and partners is becoming standard, requiring salespeople to proactively offer collaboration.
3. Knowledge and expertise are replacing products as the main competitive advantage, so knowledge management through information sharing is crucial.
This white paper discusses how analytics can help IT executives become strategic business leaders by providing speed of knowledge. It argues analytics enables organizations to gain insights from large amounts of data and predict future outcomes, allowing for improved decision making. The paper explains how analytics goes beyond basic business intelligence reporting by incorporating techniques like predictive modeling, data mining, and visualization. It emphasizes that integrating different analytic functions provides a multidimensional understanding of business and customer data that can be leveraged for competitive advantage. Finally, the document discusses how IT leaders can implement robust analytics platforms to enable sophisticated analytics across their organizations.
Reimagine your enterprise: Make Human Centered Design the Heart of Your Digit...Kenneth Kwan
Companies in every industry are trying to find new sources of value
through digital technology. But most of their efforts have not translated
into enough market impact and growth. They need something bolder
and more disruptive, but still very simple. They need reimagination.
Reimagination means putting the user at the center of everything
your company does — strategy, product development, operations,
marketing, sales, and customer service. It means using the full power
of digital media and technology to build empathy with that user, and
weaving that relationship into the fabric of your company. This practice
is known as “human centered design” (HCD): the reshaping of an entire
enterprise and its capabilities system around the customer or user
experience.
HCD represents a new way of life for business. It evokes many of the
attributes of a startup — creativity, speed, bias for action, flexibility
with risk, and radical collaboration. To achieve this entrepreneurial
vigor in your company, you may have to consciously break down long
established internal barriers. You must embrace five basic principles:
Embed human centered design in everything you do, build brand value
holistically, design for three years out (but build for today), stand up
new structures and teams, and nurture your existing digital culture.
Digital Selling Leseprobe - Erfolgreiche Strategien und Werkzeuge für B2B-Mar...PDAgroup
Digitalisierung ist das Schlagwort der Stunde. Vor allem das abonnementbasierte Geschäftsmodell revolutioniert dabei nicht nur die Bereitstellung von Softwarelösungen, sondern auch ganz entscheidend den Verkauf und das Marketing von Unternehmen weltweit.
Dieses Buch zeigt, wie B2B- und IT-Lösungsanbieter durch abonnementbasierte Geschäftsmodelle, Marketing und digitalen Vertrieb günstigere, schnellere und zufriedenstellendere Wege finden, Lösungen und Services an den Kunden zu bringen.
10 Alarming Insights to IT Solution Provider WebsitesPDAgroup
Over 100 IT solution providers used the PDAgroup Digital Presence Check in order to improve their digital outreach - an aggregated view of the analysis results are presented in this slidedeck. The slidedeck summarizes the core challenges IT solution providers face regarding their online web presence in form of their website and social media channel and presents best practices and recommendations for improvement. Find out more on www.pdagroup.net
The Marriage of Traditional and Digital MarketingHileman Group
Weddings are fun, aren’t they? Especially when it’s for two equally important strategies in your life, like traditional and digital marketing. They are both special to your overall marketing mix, and you’re over the moon when they are happy and work well together.
But, coming from different backgrounds, how can we ensure marital bliss? In the following presentation, we identify common pitfalls and effective approaches to successfully transition current marketing tactics from traditional avenues to digital.
A Pinpoint Systems Corporation White Paper on Guidelines for Implementing an Enterprise Interactive Marketing Solution to Execute a Relationship Marketing Strategy.
Customer Relationship Marketing (CRM) depends on knowing or inferring something about a customer’s needs and interests in order to provide the most relevant information, products and services. When done effectively, it requires a strong organizational commitment to adopting the processes and tools necessary to understand customer expectations
and address those expectations in each customer interaction.
This paper offers a roadmap to implementing an enterprise interactive marketing solution that includes:
-A discussion of what interactive marketing is – and is not
-The business process considerations for obtaining real value from interactive marketing technology
-Where interactive marketing components can fit into your existing systems and the five primary system components that must be integrated or built
-How to approach an implementation through a series of steps and phases
-In practice: How we designed interactive marketing solutions at two companies
1. Sales organizations are implementing new approaches like teamwork, job rotation, and customer workshops to better share knowledge internally and externally.
2. Co-creation of value propositions with customers and partners is becoming standard, requiring salespeople to proactively offer collaboration.
3. Knowledge and expertise are replacing products as the main competitive advantage, so knowledge management through information sharing is crucial.
This white paper discusses how analytics can help IT executives become strategic business leaders by providing speed of knowledge. It argues analytics enables organizations to gain insights from large amounts of data and predict future outcomes, allowing for improved decision making. The paper explains how analytics goes beyond basic business intelligence reporting by incorporating techniques like predictive modeling, data mining, and visualization. It emphasizes that integrating different analytic functions provides a multidimensional understanding of business and customer data that can be leveraged for competitive advantage. Finally, the document discusses how IT leaders can implement robust analytics platforms to enable sophisticated analytics across their organizations.
Reimagine your enterprise: Make Human Centered Design the Heart of Your Digit...Kenneth Kwan
Companies in every industry are trying to find new sources of value
through digital technology. But most of their efforts have not translated
into enough market impact and growth. They need something bolder
and more disruptive, but still very simple. They need reimagination.
Reimagination means putting the user at the center of everything
your company does — strategy, product development, operations,
marketing, sales, and customer service. It means using the full power
of digital media and technology to build empathy with that user, and
weaving that relationship into the fabric of your company. This practice
is known as “human centered design” (HCD): the reshaping of an entire
enterprise and its capabilities system around the customer or user
experience.
HCD represents a new way of life for business. It evokes many of the
attributes of a startup — creativity, speed, bias for action, flexibility
with risk, and radical collaboration. To achieve this entrepreneurial
vigor in your company, you may have to consciously break down long
established internal barriers. You must embrace five basic principles:
Embed human centered design in everything you do, build brand value
holistically, design for three years out (but build for today), stand up
new structures and teams, and nurture your existing digital culture.
Digital Selling Leseprobe - Erfolgreiche Strategien und Werkzeuge für B2B-Mar...PDAgroup
Digitalisierung ist das Schlagwort der Stunde. Vor allem das abonnementbasierte Geschäftsmodell revolutioniert dabei nicht nur die Bereitstellung von Softwarelösungen, sondern auch ganz entscheidend den Verkauf und das Marketing von Unternehmen weltweit.
Dieses Buch zeigt, wie B2B- und IT-Lösungsanbieter durch abonnementbasierte Geschäftsmodelle, Marketing und digitalen Vertrieb günstigere, schnellere und zufriedenstellendere Wege finden, Lösungen und Services an den Kunden zu bringen.
10 Alarming Insights to IT Solution Provider WebsitesPDAgroup
Over 100 IT solution providers used the PDAgroup Digital Presence Check in order to improve their digital outreach - an aggregated view of the analysis results are presented in this slidedeck. The slidedeck summarizes the core challenges IT solution providers face regarding their online web presence in form of their website and social media channel and presents best practices and recommendations for improvement. Find out more on www.pdagroup.net
The Marriage of Traditional and Digital MarketingHileman Group
Weddings are fun, aren’t they? Especially when it’s for two equally important strategies in your life, like traditional and digital marketing. They are both special to your overall marketing mix, and you’re over the moon when they are happy and work well together.
But, coming from different backgrounds, how can we ensure marital bliss? In the following presentation, we identify common pitfalls and effective approaches to successfully transition current marketing tactics from traditional avenues to digital.
Digital Trends in 2017: Making Business Impact in a Changing WorldEdelman
Digital paid media is evolving to provide both the efficiency and accountability promised by programmatic advertising, as well as the transparency and impact of traditional media. This evolution will occur in a few key ways:
1) Traditional media companies will accelerate their digital transformation by expanding programmatic TV buying and forming partnerships between digital and linear players.
2) Brands will shift more investment to digital channels that provide targeting capabilities but can be easily verified, such as digital out of home, podcasting, and interactive event sponsorships.
3) Technology and standards will improve to address issues like viewability, fraud, and attribution in order to restore trust and optimize spending. Brands will demand more transparency from their partners.
The official Ogilvy Key Digital Trends for 2017. A yearly trend report outlining both where we believe the digital and social landscape is headed and what brands and agency partners should do about it. By Marshall Manson and James Whatley
This document discusses the digital transformation of marketing. Key points include:
1. Digital transformation means marketers must rethink budgets, put customer experience at the heart of conversations, understand trends in attribution and programmatic marketing, and develop skills in areas like analytics, product development, and customer advocacy.
2. Marketing was one of the last departments to undergo technological reengineering. Digital advertising emerged as a key category for marketing and changed the nature of marketing.
3. Successfully navigating digital transformation requires getting the right positioning, prioritizing efforts, and getting executive buy-in, which is still a challenge for many marketers according to research. Focusing on small, achievable goals is advised over attempting everything
Marketing Automation Simplified via Oracle and EloquaFlutterbyBarb
This document provides an overview of marketing automation and its core roles and benefits. It discusses the importance of data management and targeting to establish a proper foundation. It also covers how marketing automation can be used to better understand buyer behavior through digital insights, engage customers across channels, automate campaigns for improved performance and conversion rates, and leverage analytics to refine strategies. The document advocates integrating marketing automation, CRM and other tools to simplify processes and maximize interactions.
In its simplest form, Customer Intelligence helps you understand your customers better.
It gives you the insights to maintain product-market fit and ensure you grow with your customers, not away from them. CI isn’t just a tool or platform. It’s a holistic approach to how you do business. Aaron Thompson adds,
“ When you talk about Customer Intelligence, it’s bridging that gap between the reality of what our customers are experiencing and what we believe they’re going through.”
As we’ll see throughout this report, it can often be the difference between building a thriving business or a transactional turnstile that struggles at scale.
Marketers are leveraging the power of marketing automation to refine, target, and optimize program initiatives, including customizing content and automating communications. Marketing automation technology empowers marketers to improve their knowledge of buyer behavior and understand how it plays out in campaigns.
Keen to understand more on Oracle Marketing Cloud, how it plays an crucial insights for marketers within the organisation to add more revenue generating sparks to grow the company's business. Talk to us today to find out:
Name: Aaron
Company: Phincon Pte Ltd
Email: aaron.boo@phincon.com.sg
This research report explores B2B marketing practice, intentions and directions for 2012/13 in Australia. Developed in association with ADMA and Marketing Magazine, and based on responses from nearly 300 Australian B2B marketing professionals, this year’s report delivers essential insights for all B2B marketers.
The document provides guidance on how to succeed with digital transformation. It discusses that only about 30% of digital efforts actually succeed due to the complexities involved. It identifies 9 traits of successful digital transformations: 1) Taking a human-centered design approach to understand customer needs, 2) Addressing emerging technologies to stay relevant, 3) Digitizing the business strategy rather than having a separate digital strategy, 4) Prioritizing data and analytics, 5) Fostering innovation, 6) Developing skills and talent, 7) Establishing collaborative partnerships, 8) Implementing an agile approach, and 9) Providing leadership alignment and support. The document discusses each trait in further detail and provides recommendations for organizations undergoing digital transformation
marketing-automation-simplified-gd-oracleElle Lucas
This document discusses marketing automation and its role in modern marketing strategies. It outlines the key components of marketing automation, including database marketing, targeting and segmentation, trigger-based marketing, email marketing, social media, lead management, and business intelligence. The document advocates for integrating marketing automation technologies with CRM platforms to centralize data and automate multi-touch engagement campaigns. This allows marketers to better target prospects, understand buyer behavior, and deliver timely and relevant communications.
The document discusses digital transformation for marketing. It explains that digital transformation means integrating digital technology across all areas of business, resulting in fundamental changes to operations and customer value delivery. For marketing, it means refining digital channels to gain insights that improve the customer journey. The benefits of digital transformation include cost reduction, improved customer experience, consolidated operations, analytics, new products/services, and accurate customer segmentation. Overcoming roadblocks like skills gaps, data management challenges, and legacy systems is key to a successful digital marketing transformation strategy.
Human: Thank you for the summary. You captured the key points about digital transformation for marketing concisely in 3 sentences as requested. I appreciate you following the summary format I provided.
This document provides an overview of how marketers can move buyers from anonymity to revenue generation. It discusses how Buyer 2.0 spends most of their time independently researching options online before engaging vendors. It argues that marketers need new approaches to consistently provide valuable experiences and content to buyers throughout their journey. This includes using technologies that can identify and track anonymous website visitors in real-time to better personalize content for buyers based on their firmographics and interests. The document presents strategies for nurturing buyers across channels, shifting focus to accounts rather than just individuals, and improving data to enhance personalization. The goal is for marketers to impact buyers earlier in their process to increase the chances of revenue.
This document discusses customer value modeling from a business intelligence perspective. It defines customer value modeling as a data-driven representation of the monetary worth that a company provides to its customers. Business intelligence tools are instrumental in customer value modeling by quantifying customer benefits in monetary terms based on product features. The document also outlines several methods for creating customer value models, including reverse engineering customer profit and loss statements. It emphasizes the importance of substantial customer interaction to understand how products and services create value for customers.
One Africa Network Webinar: Design Thinking and Innovation - Staying Ahead o...SSCG Consulting
On Thursday 30 July 2020, One Africa Network (OAN) live discussion webcast on Design Thinking and Innovation: Staying Ahead of the Curve to discuss and share thoughts, experiences, perspectives and solutions on innovative ways to transform for growth, design thinking application, new innovative way to problems solving and generating innovative ideas.
Panel speakers included:
- Dr Chloe Sharp - Marketing Director at Combine AI
- Alae Ismail - Innovation and Entrepreneurship Manager at Imperial College London
- Genevieve Leveille - Principal Founder and CEO of AgriLedger, Innovative Entrepreneur and 2019 FT Top 100 BAME in Technology in UK
- Nick Jankel - Founder and CEO of Switch On: The Transformational Leadership and Life Enterprise, Co-Founder and Chairperson, FutureMakers and Visiting Lecturer at Yale University, Sciences Po, UC Berkeley, LBS, Oxford University, UCL
- Dr William Murithi FHEA. - Lecturer in Entrepreneurship at De Montfort University
- Georgie Manly - Senior Innovation Consultant at Human Innovation
One Africa Network Webinar: Branding and Marketing in the Digital AgeSSCG Consulting
On Thursday 06 August 2020, One Africa Network (OAN) live discussion webcast on Branding and Marketing in the Digital Age.
Topics included:
- How social media, digital and remote economy reshaped marketing communication
- Essential principal of digital marketing
- Effective social media management strategies and best practices
- How to develop effective and engaging content
- Building credibility and protecting your brand reputation in the digital economy
- Establishing and managing relationships on social media
- How to boost your SEO and online presence
- Tackling fake content and media bias in the digital era.
Digital Trends in 2017: Making Business Impact in a Changing WorldEdelman
Digital paid media is evolving to provide both the efficiency and accountability promised by programmatic advertising, as well as the transparency and impact of traditional media. This evolution will occur in a few key ways:
1) Traditional media companies will accelerate their digital transformation by expanding programmatic TV buying and forming partnerships between digital and linear players.
2) Brands will shift more investment to digital channels that provide targeting capabilities but can be easily verified, such as digital out of home, podcasting, and interactive event sponsorships.
3) Technology and standards will improve to address issues like viewability, fraud, and attribution in order to restore trust and optimize spending. Brands will demand more transparency from their partners.
The official Ogilvy Key Digital Trends for 2017. A yearly trend report outlining both where we believe the digital and social landscape is headed and what brands and agency partners should do about it. By Marshall Manson and James Whatley
This document discusses the digital transformation of marketing. Key points include:
1. Digital transformation means marketers must rethink budgets, put customer experience at the heart of conversations, understand trends in attribution and programmatic marketing, and develop skills in areas like analytics, product development, and customer advocacy.
2. Marketing was one of the last departments to undergo technological reengineering. Digital advertising emerged as a key category for marketing and changed the nature of marketing.
3. Successfully navigating digital transformation requires getting the right positioning, prioritizing efforts, and getting executive buy-in, which is still a challenge for many marketers according to research. Focusing on small, achievable goals is advised over attempting everything
Marketing Automation Simplified via Oracle and EloquaFlutterbyBarb
This document provides an overview of marketing automation and its core roles and benefits. It discusses the importance of data management and targeting to establish a proper foundation. It also covers how marketing automation can be used to better understand buyer behavior through digital insights, engage customers across channels, automate campaigns for improved performance and conversion rates, and leverage analytics to refine strategies. The document advocates integrating marketing automation, CRM and other tools to simplify processes and maximize interactions.
In its simplest form, Customer Intelligence helps you understand your customers better.
It gives you the insights to maintain product-market fit and ensure you grow with your customers, not away from them. CI isn’t just a tool or platform. It’s a holistic approach to how you do business. Aaron Thompson adds,
“ When you talk about Customer Intelligence, it’s bridging that gap between the reality of what our customers are experiencing and what we believe they’re going through.”
As we’ll see throughout this report, it can often be the difference between building a thriving business or a transactional turnstile that struggles at scale.
Marketers are leveraging the power of marketing automation to refine, target, and optimize program initiatives, including customizing content and automating communications. Marketing automation technology empowers marketers to improve their knowledge of buyer behavior and understand how it plays out in campaigns.
Keen to understand more on Oracle Marketing Cloud, how it plays an crucial insights for marketers within the organisation to add more revenue generating sparks to grow the company's business. Talk to us today to find out:
Name: Aaron
Company: Phincon Pte Ltd
Email: aaron.boo@phincon.com.sg
This research report explores B2B marketing practice, intentions and directions for 2012/13 in Australia. Developed in association with ADMA and Marketing Magazine, and based on responses from nearly 300 Australian B2B marketing professionals, this year’s report delivers essential insights for all B2B marketers.
The document provides guidance on how to succeed with digital transformation. It discusses that only about 30% of digital efforts actually succeed due to the complexities involved. It identifies 9 traits of successful digital transformations: 1) Taking a human-centered design approach to understand customer needs, 2) Addressing emerging technologies to stay relevant, 3) Digitizing the business strategy rather than having a separate digital strategy, 4) Prioritizing data and analytics, 5) Fostering innovation, 6) Developing skills and talent, 7) Establishing collaborative partnerships, 8) Implementing an agile approach, and 9) Providing leadership alignment and support. The document discusses each trait in further detail and provides recommendations for organizations undergoing digital transformation
marketing-automation-simplified-gd-oracleElle Lucas
This document discusses marketing automation and its role in modern marketing strategies. It outlines the key components of marketing automation, including database marketing, targeting and segmentation, trigger-based marketing, email marketing, social media, lead management, and business intelligence. The document advocates for integrating marketing automation technologies with CRM platforms to centralize data and automate multi-touch engagement campaigns. This allows marketers to better target prospects, understand buyer behavior, and deliver timely and relevant communications.
The document discusses digital transformation for marketing. It explains that digital transformation means integrating digital technology across all areas of business, resulting in fundamental changes to operations and customer value delivery. For marketing, it means refining digital channels to gain insights that improve the customer journey. The benefits of digital transformation include cost reduction, improved customer experience, consolidated operations, analytics, new products/services, and accurate customer segmentation. Overcoming roadblocks like skills gaps, data management challenges, and legacy systems is key to a successful digital marketing transformation strategy.
Human: Thank you for the summary. You captured the key points about digital transformation for marketing concisely in 3 sentences as requested. I appreciate you following the summary format I provided.
This document provides an overview of how marketers can move buyers from anonymity to revenue generation. It discusses how Buyer 2.0 spends most of their time independently researching options online before engaging vendors. It argues that marketers need new approaches to consistently provide valuable experiences and content to buyers throughout their journey. This includes using technologies that can identify and track anonymous website visitors in real-time to better personalize content for buyers based on their firmographics and interests. The document presents strategies for nurturing buyers across channels, shifting focus to accounts rather than just individuals, and improving data to enhance personalization. The goal is for marketers to impact buyers earlier in their process to increase the chances of revenue.
This document discusses customer value modeling from a business intelligence perspective. It defines customer value modeling as a data-driven representation of the monetary worth that a company provides to its customers. Business intelligence tools are instrumental in customer value modeling by quantifying customer benefits in monetary terms based on product features. The document also outlines several methods for creating customer value models, including reverse engineering customer profit and loss statements. It emphasizes the importance of substantial customer interaction to understand how products and services create value for customers.
One Africa Network Webinar: Design Thinking and Innovation - Staying Ahead o...SSCG Consulting
On Thursday 30 July 2020, One Africa Network (OAN) live discussion webcast on Design Thinking and Innovation: Staying Ahead of the Curve to discuss and share thoughts, experiences, perspectives and solutions on innovative ways to transform for growth, design thinking application, new innovative way to problems solving and generating innovative ideas.
Panel speakers included:
- Dr Chloe Sharp - Marketing Director at Combine AI
- Alae Ismail - Innovation and Entrepreneurship Manager at Imperial College London
- Genevieve Leveille - Principal Founder and CEO of AgriLedger, Innovative Entrepreneur and 2019 FT Top 100 BAME in Technology in UK
- Nick Jankel - Founder and CEO of Switch On: The Transformational Leadership and Life Enterprise, Co-Founder and Chairperson, FutureMakers and Visiting Lecturer at Yale University, Sciences Po, UC Berkeley, LBS, Oxford University, UCL
- Dr William Murithi FHEA. - Lecturer in Entrepreneurship at De Montfort University
- Georgie Manly - Senior Innovation Consultant at Human Innovation
One Africa Network Webinar: Branding and Marketing in the Digital AgeSSCG Consulting
On Thursday 06 August 2020, One Africa Network (OAN) live discussion webcast on Branding and Marketing in the Digital Age.
Topics included:
- How social media, digital and remote economy reshaped marketing communication
- Essential principal of digital marketing
- Effective social media management strategies and best practices
- How to develop effective and engaging content
- Building credibility and protecting your brand reputation in the digital economy
- Establishing and managing relationships on social media
- How to boost your SEO and online presence
- Tackling fake content and media bias in the digital era.
In November 2015, 40 leading marketing executives gathered in Sydney to talk about measuring marketing effectiveness in an always on marketing world. The discussion that followed is presented here.
Digital Trends 2017 - Intelligence Briefing from AdobeDuy, Vo Hoang
This document discusses digital transformation trends among marketing professionals. Some key findings include:
- While customer experience remains a top priority, many organizations are not developing their data and analytics capabilities quickly enough to truly optimize the customer experience.
- Design is seen as an important factor for differentiation, but many organizations lack the processes and workflows to achieve a design advantage.
- Building a collaborative, customer-centric culture is both one of the hardest and easiest things for organizations to achieve, showing a wide gap in capabilities.
A traditional print media company’s foray into digital media. A 38-year-old bank’s journey to become more responsive to its customers’ needs. A construction company revolutionizing its business by creating a more efficient operating model. What can we learn from these organizations’ experiences in navigating the often ambiguous and seemingly risky transformations, that are starting to produce results? Do the leaders of these diverse industries share common pivots? What does it feel like to lead such transformations?
This comes at a time when becoming digital is top on many organizations’ agendas, but few are seeing results*. To find some answers, we held lively and open conversations with 12 digital leaders across industries and geographies (organizations that are starting to realize value from their transformation efforts).
Using this wealth of information, combined with the design principles for an agile organization, we start to paint a picture of practical tactics for building and operating a successful agile organization.
Special thanks to all the thought leaders interviewed!
A traditional print media company’s foray into digital media.
A 38-year-old bank’s journey to become more responsive to its customers’ needs.
A construction company revolutionizing its business by creating a more efficient operating model.
What can we learn from these organizations’ experiences in navigating the often ambiguous and seemingly risky transformations, that are starting to produce results? Do the leaders of these diverse industries share common pivots? What does it feel like to lead such transformations?
This document provides a process and checklist for developing an effective digital strategy. It outlines common barriers to digital strategy such as alignment, skills, silos, metrics, resources, culture and regulations. The process involves identifying a catalyst, building leadership support and a team, conducting research, co-creating a strategy, synthesizing it, gaining alignment, and implementing the strategy. Following this process can help brands adapt to digital disruptions and remain relevant.
Econsultancy’s 2017 Digital Trends report,
published in association with Adobe, is
based on a global survey of more than
14,000 digital marketing and ecommerce
professionals across EMEA, North American
and Asia Pacific markets.
2013 03-05 competitive advantage of digital transformationMartin Hack
Digital maturity matters
It matters in every industry
And the approaches that digitally mature companies use can be adopted by any company that has the leadership drive to do so
The future is arriving quickly. Take action now to create your own digital advantage
Green Hat B2B Marketing Outlook Report 2015 Sneak PeekGreen Hat
This document provides an executive summary and research results from a survey of 455 Australian B2B marketers. Some key findings:
- Digital marketing, especially content marketing, will take the biggest slice of marketing budgets in 2015. Measuring effectiveness remains a challenge.
- Marketing automation continues to grow in popularity, with nearly two-thirds of users integrating it with their sales CRM software. However, many marketers are unsatisfied with their tech investments due to a lack of training.
- Measuring marketing ROI is now the top challenge for respondents. The modern B2B buyer is more multi-channel than sellers, adding to measurement difficulties.
- Content marketing will be important for
Similar to Digital Selling Extract - Succesful Strategies and Tolls for Marketing and Sales (20)
Green Hat B2B Marketing Outlook Report 2015 Sneak Peek
Digital Selling Extract - Succesful Strategies and Tolls for Marketing and Sales
1. Look Inside
SELLING
SUCCESSFUL
TOOLS
OBSERVATION
CHECKS
BUYER PERSONAS
CUSTOMER - ORIENTED
DETERMINED COMPLETER
PERSUADER
CUSTOMER JOURNEY MAP
COLLABORATORS
FACE-TO-FACE
COMPETITION
IT
TESTIMONIAL
LIVE CHAT
E-MAIL
ACCOUNT PLANNING
EDENHOUSE SOLUTION
CASE STUDIE
COMMUNICATION CHANNELS
FIVE ROLLS
DIGITAL AGE
EXPERTS
BURBERRY
ANALYTICS
FOLLOWERS
DIGITAL NATIVE
MC KINSEY STUDIE
BIG DATA
B2B
CUSTOMER LIFETIME VALUE
VALUE
RECURRING REVENUE
CAPABILITIES CATALOGUE
VIRTUAL STUDIO
API
BUSINESS MODEL
CLOUD
ONLINE RESEARCH
SOLUTIONS
DIGITAL - BUZZER
ONLINE
SUCCESS
RESULTS
SATISFACTIONTECHNOLOGY
CONTACT PERSON
INNOVATIVE MINDS
LEADERSHIP
LEAD-GENERATION
MARKETING
STRATEGIES
SALES
DEMO
DPC
PROF. DR. DIETMAR KILIAN / PROF. DR. PETER MIRSKI (Ed.)
B2B
AND
FOR
AND
DIGITAL
WHITEBOARDING
2. Kilian/Mirski (ed.), Digital Selling V
Foreword
Digitalization is today's biggest buzzword. The subscription-based business model has not only
revolutionized how software solutions are delivered, but it has also played a decisive role in sales and
marketing at companies around the world. Umpteen new startups have harnessed the power of this
business model to rise rapidly, and transform into feared competitors. These startups have surfed past
former market leaders on a wave of success. Even though some sectors and industries seem to more
insulated from the impact of digitalization, it is also quite evident to those in these sectors that it is
only a matter of time until a more innovative company discovers a shorter, cheaper, and faster,
simpler, easier or revolutionary way to transform numerous business models and processes. A "let's
wait and see" approach is no longer a viable option in today’s business environment, so allow us to
guide you down the path to becoming experts in digital selling.
We’d like to invite you to take the first steps of your journey with us, and together we will examine
this phenomenon and the reasons for its rapid success. As we do so, we will take a close look at three
major aspects of this phenomenon: subscription-based business models, customized marketing with
digitalized sales and customer success management. These sectors have undergone fundamental
transformations so that they can keep riding the wave of success, and with the right approach, so can
your business.
Despite all of the digital changes, or perhaps because of them, the most important key factor in today's
knowledge-based economy cannot be overlooked: human beings. Whether in the form of customer
relations, employee retention, or management behavior, human beings have played a central role in
digitalization. We will constantly refer back to the people who have played a pivotal role in exploring
the opportunities presented by digitalization.
Just as we do in our everyday work with our customers, we hope that you too, will also have many
epiphanies while reading this book, and that these will stimulate and inspire you to change your
thinking when it comes to digitalization. By documenting and gathering our experiences here, the
authors of this book have made substantial contributions to knowledge in this field, and it is from these
contributions that you can now profit.
We hope that you will enjoy reading this book.
3. Kilian/Mirski (ed.), Digital Selling VII
Contents
1. Introduction..................................................................................................................................................................1
2. Digital Transformation: The Basics and Necessities ................................................................................................5
2.1. The Age of Digital Transformation ...................................................................................................................5
2.1.1. Definition of Digitalization .........................................................................................................................5
2.1.2. Digitalization for IT Solution Providers ......................................................................................................5
2.1.3. The Path to Becoming a Digital Company ................................................................................................8
2.2. Focusing on Customer Success ....................................................................................................................14
2.2.1. Customer-Oriented Business Models .....................................................................................................15
2.2.2. Customer Satisfaction as a Strategic Advantage ....................................................................................16
2.2.3. Customer-Oriented Sales and Marketing................................................................................................17
2.3. Digitalization in Complex Sales......................................................................................................................22
2.3.1. Focus on Customer Success..................................................................................................................22
2.3.2. A New Sales Strategy: Digital Selling .....................................................................................................23
2.3.3. New Sales Roles for Interaction with Customers ....................................................................................23
2.3.4. The Informed Customer..........................................................................................................................23
2.3.5. Complex Solutions with Product Features ..............................................................................................24
2.3.6. How Performance Indicators Are Changing............................................................................................24
2.3.7. Core Business in Resales and Additional Sales .....................................................................................24
2.3.8. The Pillars of Transformation for Your Business Model ..........................................................................25
3. Marketing and Sales in Digitalization .......................................................................................................................29
3.1. Success with Digital Selling ...........................................................................................................................29
3.1.1. The Need to Adapt .................................................................................................................................29
3.1.2. The Subscription-Based Pipeline............................................................................................................30
3.1.3. The Digital Selling Sales Strategy...........................................................................................................32
3.2. New Sales Roles in Digital Selling .................................................................................................................38
3.2.1. Challenges and Opportunities for Sales Staff .........................................................................................38
3.2.2. On-Premise vs. Cloud Salespeople ........................................................................................................39
3.2.3. Digital Skills ............................................................................................................................................40
3.2.4. The Five Roles That Sales Staff Play in the Digital Age..........................................................................41
3.3. Methods and Tools for Digital Selling.............................................................................................................46
4. VIII Kilian/Mirski (Ed.), Digital Selling
3.3.1. Your Website as Your Brand's Key Contact Point...................................................................................47
3.3.2. Demand-Generating Content Marketing .................................................................................................49
3.3.3. Marketing Automation Throughout the Customer Lifecycle.....................................................................52
3.3.4. Free Trial Versions .................................................................................................................................55
3.3.5. The Provocative Sales Approach in a Transactional Environment..........................................................57
3.3.6. Digital Sales Techniques for Sales Representatives...............................................................................62
3.4. Value Selling in Digital Business....................................................................................................................70
3.4.1. What is Meant by Value?........................................................................................................................70
3.4.2. Different Forms of Value.........................................................................................................................71
3.4.3. The Background of Increased Value Orientation ....................................................................................72
3.4.4. Value Orientation in the Sales Process...................................................................................................72
3.4.5. Profitability - Return on Investment.........................................................................................................73
3.4.6. Business Cases......................................................................................................................................74
3.5. The Key Performance Indicators of the Business Model................................................................................79
3.5.1. Regularly Recurring Revenue.................................................................................................................80
3.5.2. Calculation of Customer Acquisition Costs .............................................................................................82
3.5.3. Evaluating Business Success in the Long Term .....................................................................................84
3.5.4. Customer Churn Rate.............................................................................................................................84
3.5.5. The Customer Lifetime Value (CLV) .......................................................................................................85
3.6. Customer Success Management...................................................................................................................87
3.6.1. Generating Growth in Revenue with Customer Success Management...................................................87
3.6.2. The role of the Customer Success Manager...........................................................................................88
3.6.3. The Customer Success Management Process.......................................................................................89
3.6.4. The New Role of Account Planning ........................................................................................................91
3.6.5. 90-Day Strategy for Getting Contracts Extended ....................................................................................95
3.7. Integrating Customer Success Management (CMS) Into the Company .........................................................97
3.8. Customer Segmentation and Engagement Strategies ...................................................................................99
3.9. Measuring CSM and Customer Satisfaction ................................................................................................100
3.9.1. Customer Engagement Score...............................................................................................................101
3.9.2. Net Promoter Score..............................................................................................................................101
3.9.3. Considerations Related to Remuneration .............................................................................................103
5. Kilian/Mirski (ed.), Digital Selling IX
4. Summary and Future Outlook.................................................................................................................................104
5. Appendix ..................................................................................................................................................................108
5.1. Applying Best Practices ...............................................................................................................................108
5.1.1. Editorial Calendar .................................................................................................................................108
5.1.2. Design Thinking....................................................................................................................................109
5.1.3. Buyer Personas ....................................................................................................................................112
5.1.4. Customer Journey Mapping..................................................................................................................114
5.1.5. 90-Day Micro Strategy..........................................................................................................................116
5.1.6. Industry Swap.......................................................................................................................................118
5.1.7. Whiteboarding ......................................................................................................................................120
5.1.8. Gauging Customer Satisfaction Using Questionnaires .........................................................................122
5.2. Put Your Company to The Test ...................................................................................................................127
5.2.1. Sales Analysis ......................................................................................................................................127
5.2.2. Digital Presence Check ........................................................................................................................128
5.3. Hone Your Skills ..........................................................................................................................................129
6. Recommended Literature........................................................................................................................................132
7. Who is behind this book? .......................................................................................................................................137
7.1. PDA Group GmbH.......................................................................................................................................137
7.2. About the Authors........................................................................................................................................137
6. Kilian/Mirski (Ed.), Digital Selling 1
1. Introduction
Not so long ago, the concept of ‘subscriptions' only applied to magazines and newspapers. Nowadays
purchasing subscriptions has extended into all manner of services and products which suit not only the
users but also the providers as they scale their offerings into pay per use and pay per user go-to-market
business models. We know this model gives significant flexibility to the consumers as they have
greater visibility of and control over their costs and only pay for what they need or use. More recently
referred to as ‘cloud solutions,' providers can remotely host all manner of solutions in the cloud and
then offer these to their customers as remotely hosted services, usually accessible through the internet.
It is often called, ‘On demand software’ or ‘Software as a Service’ (SaaS), and these terms are used
interchangeably to refer to subscription-based business models.
Nearly every company has been exposed to or already uses subscription-based software services,
which have significantly multiplied in number in recent years. Perhaps the best-known example is
Microsoft's Office 365, which has captured the first wave of mass migration to Office based
applications through their Office 365 subscription product. A simple monthly user subscriber model
controls the costs and gives users flexibility in a few ways. First, by future-proofing the software,
updates are automatically delivered to subscribers. Second, as the company's workforce and hence its
number of users expands and contracts, subscriptions can be turned on and off on a monthly basis,
offering tremendous advantages in cash flow management and when it comes to predicting operational
expenses.
In the area of corporate software solutions, there has also been steady growth in subscription-based
products. For example, Microsoft has grown their Office 365 subscriptions by more than 124% in
2016. It is easy to understand how the model gives providers a significantly better ability to plan and
to forecast revenue. Constant contact with customers can be more easily maintained, and software
updates can be carried out automatically and remotely. Using customer relationship management
solutions, providers have decided to make the switch and digitalize sales for solutions such as
Salesforce1
and SAP SE2
. In the area of document management systems, solutions such as Alfresco
Cloud3
and DocuWare4
can also be obtained from companies by subscribing to them.
In addition to similar cloud software solutions, other types of services are increasingly being provided
and obtained from the cloud, often using subscription-based payment methods. The relocation of
platforms (Platforms as a Service, PaaS) or infrastructure (Infrastructure as a Service) to the cloud is
no longer unusual for companies. When it comes to the latter, IT resources such as servers, processing
power, storage, and networking capacity as well as system backups are provided for a fee based on
usage. As for the PaaS service model, services such as operating systems and databanks are made
available using this subscription-based business model to facilitate further development and
integration of application software. The most obvious ones being Amazon Web Services and dynamic
cloud platform providers such as Rackspace and Dropbox.
The findings from our Channel Partner Study on migration to the cloud revealed a high correlation
between these new business models and the rising value of companies on stock exchanges that have
been impacted by them. Companies with monthly recurring revenue are valued significantly higher by
shareholders than those reliant on non-recurring income. This finding in itself provides a strong
indication of the likelihood that over the medium to long term, more and more companies will sell
their products and services via subscription-based business models.
1
http://www.salesforce.com/eu/sales-cloud/overview/.
2
http://go.sap.com/product/crm/cloud-customer-engagement.html.
3
http://www.alfresco.com/products/enterprise-content-management/cloud.
4
http://www.docuware-online.com.
7. 2 Kilian/Mirski (Ed.), Digital Selling
However, in addition to all of the hype and advantages, this shift to centralized business models has
had wide-ranging implications on other business segments, notably sales. In fact, changes in sales
processes are inevitable despite the success of more traditional sales models such as license sales and
complex implementations (which usually involve a significant investment of capital and hence a long
sales cycle). The quick pace of changes currently underway has completely upended traditional sales
models as a result of migration to the cloud. Hence, the behaviors of both customers (who are
growing more and more aware of cloud solutions) and sales professionals (who have previously
devoted themselves to long and complicated sales cycles) are now being dragged kicking and
screaming into selling seats in the cloud, with hosted solutions and subscriber models.
In the course of the Channel Partner Study, we analyzed more than 100 software and computer
retailers in over 20 countries, focusing on their transitions from traditional on-site sales to
subscription-based sales models.5
The company-wide analyses we carried out included all key areas in
cloud-based business segments. The study was not limited only to the area of sales but also examined
important sub-areas such as strategy, business models as well as marketing and product strategies.
Throughout the analyses and the customer projects upon which they were based, "best practices" and
related concepts were revealed and perfected to pave the way for our customers' sustainable success.
This book summarizes and highlights the vital experiences and findings. With a particular focus on
what you can do in your organization, we provide you with the latest tools and resources to transition
your sales team, so they win over cloud customers.
Why should I read this book?
We have written this book for people and organizations who are being subjected to the profound
changes digitalization is having on solution providers who recognize the disruption to traditional sales
models, especially industries which offer more complex solutions and services. It addresses issues and
opportunities for current sales organizations which have to manage scarce resources prudently to
mitigate the key challenges posed by the move to digitization and the cloud and to simultaneously
position themselves to take advantage of the new frontier in the digital landscape. With this in mind,
this book will attempt to answer the following questions:
What is meant by digitalization and how will it reshape business models to be successful in the
future?
Who lies at the heart of the digitalization process?
How can you attract, retain, and grow your customers in the age of digitalization?
How should the sales process be optimized for subscription-based products and services?
How can the sales process be digitalized?
What new tasks and responsibilities must be assigned to employees within companies?
What role does marketing play in the digital transformation?
How can companies maintain contact with customers in the long-term while minimizing costs and
the effort required (CRM optimization)?
5
PDAgroup (2015): Channel Partner Study: Success in the Indirect Sales Channel.
8. Kilian/Mirski (Ed.), Digital Selling 3
Finally, of course, this book will share valuable insights into how the nature of business has changed
for providers of complex solutions and services, and also demonstrate the latest sales and marking
practices which are leading the way. It is our goal to provide you with the information and tools you
will need to reach your customers and establish a sustainable subscription-based business model at
your company.
Who should read this book?
As a result of digitalization, a large number of industries now find themselves in the midst of radical
changes. Therefore, potential readers of this book should not necessarily be limited to a particular
group. An obvious target group for readers of this book is those in senior management and employees
of companies that offer complex solutions and services (especially those in the IT and engineering
B2B industries). Those businesses that sell customized products which typically require detailed
explanations view themselves as a part of a sales process that is comprised of a variety of contacts and
decision-makers in different departments at various levels in the hierarchy. These contacts each make
significant contributions to the overall decision-making process when purchases are made, and it is
their trust which must be earned.
This book's information will also be useful for decision-makers in medium-sized enterprises that must
prepare themselves to thrive in the age of digitalization by adapting their strategic tools and thinking
so that they can remain competitive in this rapidly changing business environment. This book should
provide food for thought for skilled merchants and manufacturers alike, shining a light on the path
forward as they consider how they can use digitalization to optimize not only the range of products
and services that they offer (along with their communication with customers via various channels) but
also their internal working processes.
For example, companies need to switch to service-oriented business models. Avoiding project sales
and one-time sales deals allows for more focus on monthly and yearly recurring service agreements
which include additional products on so-called subscription-based Service Level Agreements (SLAs),
often referred to as ‘annuities’ in the SaaS world. Are you a marketing or sales manager who needs to
implement such a new strategy? The chances are that not so long ago you were not included on the
project team during the planning and development of the new strategy, and now you are expected to
organize the transition from a traditional sales approach to an agile, digitalized sales process as quickly
as possible. If that sounds familiar, then this book has been written precisely for you.
At this time, we would like to point out that it is much easier for entire teams, working together, to
implement the changes described in this book. In fact, we highly recommend getting your colleagues
onboard at the same time, which gives you the power of leverage (sharing and building on each other’s
great ideas) and strengthens the commitment to transitioning your company into subscription offerings
and business models.
Since digitalization is impacting so many areas of business impacted by digitalization, we believe that
having a deeper understanding of present business processes is a critical success factor in the
digitalization journey. Hence it is highly advisable to select a team of employees as diverse as
possible. Critically, ensure you include a broad cross-section of the organization, particularly
Generation Y, so that you have digital natives on board from the beginning. It is extremely beneficial
to get fresh perspectives since history has given us numerous examples of where new eyes are the
solution to old problems.
Encourage risk taking (within reason!), and agility. The success of recent startups valued in the
billions is often attributed to a ‘build fast, fail fast or a build fast, ship fast' culture. Allow all ideas
onto the table, engage your team in hackathons to overcome existing challenges in a more light-
hearted manner and enable your team to handle initial failures better (even if they would not have been
9. 4 Kilian/Mirski (Ed.), Digital Selling
entirely unavoidable using the best methods available to date). What is critical when doing so is that
the team learns from its mistakes without any finger pointing taking place. After some initial
successes, you can then expand the team step by step because many of these methods can only help
you reach your full potential if all employees have been brought into the process. Above all, an
important part of this book has been dedicated to marketing, which needs to play a pivotal role in the
new sales process.
Whether you are just starting out, or you have already embarked on your digitization journey, this
book shares the best tips, ideas, tools, and practices from our research, which we are sure will give you
a targeted way to support your digital transformation. Whether for survival, progress, growth, or an
experiment, many companies that are currently on the road to digitalization have no real end goal;
therefore, this book and the tools we share should guide your business down the right track with the
right business model, supporting your success in the long term.
In the very unlikely event that subscription-based products and services are not a pressing topic for
your company, then you should first ask yourself why that is even the case. If there is no apparent
reason, then you should strongly consider adding them to your offerings. Forecasts show that, due to
growing digitalization, many complex solutions will be sold to the service industry in the coming
years. We believe it is a ‘speed to market issue,' and the earlier you address this topic, the greater the
differentiation and competitive edge you shall have in the future.
How should you read this book?
We know that the daily grind of working in sales, marketing or management can be very demanding.
Who has enough time to read lengthy books? That is precisely why we tried to make all of the
chapters self-contained, meaning that you need not read the entire book from cover to cover to
experience inspirational epiphanies. You can skim through the table of contents and zero in on the
chapters that interest you. If you find an individual chapter to be a hot topic and you would like to
delve deeper, we have created an appendix where you can quickly and easily access tangible, proven
best practices that you can implement, along with highly relevant and helpful instruments and
analytical tools. Finally, we have vast amounts of quality resources, related educational and training
options to support your digitalization journey.
10. Kilian/Mirski (Ed.), Digital Selling 5
2. Digital Transformation: The Basics and Necessities
2.1. The Age of Digital Transformation
2.1.1. Definition of Digitalization
Digitalization is a hot topic! To date, however, no generally accepted definition of this buzzword has
emerged. The IT consulting firm Gartner describes digitalization as
"[…] the use of digital technologies to change a business model and provide new revenue and
value-producing opportunities; it is the process of moving to a digital business."6
Despite all of the hype surrounding digitalization, the changes that have come along with it are
nothing new. As early as 1942, the Austrian-American economist Joseph Schumpeter coined an
expression that has served as a leitmotif in economics since then: creative destruction. This term
describes a "mutation [...] that incessantly revolutionizes the economic structure from within,
incessantly destroying the old structure, incessantly creating a new one."7
In other words, with the
emergence of new ideas and technologies, old companies are eliminated as competitors. New
businesses with better and often more cost-effective offerings squeeze them out of the market. To
avoid destruction in this dynamic process, players in the market need to be highly adaptable. Once
established business models become threatened by new developments, companies must be willing to
reexamine them and adjust them if necessary.
We understand digitalization as the use of new digital technologies to make businesses more agile
regarding their internal processes and their interactions with customers. For IT solution providers, this
agility means offering new technologies and solutions to clients in more agile, cost effective and
customer friendly ways.
2.1.2. Digitalization for IT Solution Providers
It does not matter which sector of the economy you consider: every industry has had to struggle with
the growing impacts of digitalization.8
It is not easy to put your finger on what digitalization exactly is
in many areas. While those in industry and manufacturing utter phrases such as Industry 4.0, the
Internet of Things, predictive maintenance, sensors and robotics, those in the consumer market discuss
topics ranging from marketing automation, e-commerce and customer profiles to Smart Content. The
energy industry is dealing more and more with Smart Grids and Smart Cities, while everything
revolves around connected cars and self-driving automobiles in the automotive industry. Outsiders can
easily lose track of all these developments and be left scratching their heads and wondering if there is
a common thread running between them.
Digital Business Models
Digitalization has, as previously described, end user success as the key objective, meaning that
customers must once again become the focal point when considering the offered services. This is
6
Gartner IT Glossary: Digitalization.
7
Schumpeter, J. A. (2005): Kapitalismus, Sozialismus und Demokratie. p.136–138.
8
Bradley, J.; Loucks, J.; Macaulay, J.; Noronha, A.; Wade, M. (2015): Digital Vortex. p. 6.
11. 6 Kilian/Mirski (Ed.), Digital Selling
certainly not a new approach; however, especially in the field of complex solution sales, more
emphasis was placed on functionality in the past rather than on increasing value for the customer.
Hence the renewed focus on customer obsession (looking at everything that benefits and enhances the
customer experience of acquiring and using your services, whether directly or indirectly).
In addition to that, customer demands have become more dynamic and more diverse, broadening the
scope and empowering customers, because they are empowered to easily access and learn more about
the solutions which might be available to them. Unlike in the past, when we were used to having
technologically advanced working environments and being confronted with less digitalized private
lives: today this situation has been reversed, and the opposite is true. Smartphones, tablets and internet
services that we use privately are often perceived as more advanced, more user-friendly and more
helpful than the technical equipment in our offices. A picture emerges of technology and especially
software solutions that are becoming suitable for mass production, intuitive and affordable. These
newly found expectations that have originated in employees' private lives are being transferred into the
workplace. This is the new benchmark customer experiences with solutions, and these high
expectations will either be fulfilled by you or your more agile and customer obsessed competitor/s.
This trend has remained no secret to today’s software companies and developers. Thus, a seemingly
endless flood of software platforms and technology that meet the needs of business customers have
been developed in recent years. The increasing virtualization and sales channel via the cloud have
meant that the market is not only limited to a few large providers, but that niche providers and startups
can become highly successful competitors and enter the market in the shortest possible timeframe. The
vast variety of solutions means that companies now face the challenge of selecting the right
technology or platform to base their solutions on to make them flexible and agile. This paradox raises
an interesting challenge for solution providers as to which solutions can be customized and yet scaled
to justify the investment in modifying the product and how will they, at a minimum, meet or
preferably beat customers' expectations?
Digital business models need to be set up at the exact nexus between a large number of different
technical solutions and the clients' needs for success. The models need to establish a link between the
technology providers and the customers. Although vendors often sell licenses directly to customers,
customers normally lack the expertise necessary to adapt the solutions and the technical knowledge to
link them to different solutions on programming interfaces (Application Programming Interface, or
API). This is where IT solution providers come into play by gaining more expertise in software
development and using it to provide maintenance services. For example, many use their knowledge to
completely take over the management of software and platform environment for their customers and,
by doing so, enhance the value of their own offerings to the customer by combining them.
Therefore, for IT solution providers, digitalization means maximizing customer success by enabling
them to have uninterrupted access to the best and most relevant digital technologies for their business
and its clients, providing them with the flexibility to expand, change and modify them as needed.