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Putting digital technology and data to work for Tech CMO's

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Page 1: Putting digital technology and data to work for Tech CMO's

Putting digital technology and data to work for Tech CMOs

Page 2: Putting digital technology and data to work for Tech CMO's

Today’s Tech CMOs are experiencing new challenges from an ever-evolving digital landscape…

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Page 3: Putting digital technology and data to work for Tech CMO's

Conditions inside the company are changing… Starting at the top

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Page 4: Putting digital technology and data to work for Tech CMO's

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68%of CEOs see data and analytics technologies as generating the greatest return for stakeholder engagement

PwC, 19th Annual Global CEO Survey, January 20164PwC

Page 5: Putting digital technology and data to work for Tech CMO's

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77%of CEOs are convinced technology will transform stakeholder expectations of business in the next five years

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PwC, 19th Annual Global CEO Survey, January 2016

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Page 6: Putting digital technology and data to work for Tech CMO's

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90%of CEOs see technology as the best wayto assess and deliver on changing customer expectations

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PwC, 19th Annual Global CEO Survey, January 2016

PwC

Page 7: Putting digital technology and data to work for Tech CMO's

2015 saw marketing budgets increase by 10% to 11% of revenue. And, 2/3 of marketers expect their budgets will grow in 2016

Gartner, Smarter with Gartner, Digital Marketing Comes of Age in Gartner’s CMO Spend Survey 2015-2016, November 2015

2016

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Page 8: Putting digital technology and data to work for Tech CMO's

Conditions outside the company are also changing. And customers are leading the way…

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Page 9: Putting digital technology and data to work for Tech CMO's

55%of US online adults agree or strongly agree that they tend to shop more with retailers that offer consistent customer service both online and offline

One Customer, One Organization, One P&L, November 2015, Forrester Research9PwC

Page 10: Putting digital technology and data to work for Tech CMO's

62%of US online adults have chosen, recommended, or paid more for a brand that provides a personalized service or experienceJust For You: Use Personalization Technology To Help Associates In The Retail Store, July 2015, Forrester Research

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Page 11: Putting digital technology and data to work for Tech CMO's

88% of shoppers conduct online research before they make a purchase

PwC, Understanding how US online shoppers are reshaping the retail experience, March 201211PwC

Page 12: Putting digital technology and data to work for Tech CMO's

Faced with these challenges, savvy Tech CMOs are keeping their eye on the prize…

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Page 13: Putting digital technology and data to work for Tech CMO's

Revenue-generating customers!

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Page 14: Putting digital technology and data to work for Tech CMO's

How? By adopting a business strategy enabled via digital technology and data, that includes…

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Page 15: Putting digital technology and data to work for Tech CMO's

1step

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MAKING CUSTOMER EXPERIENCE THE FOCAL POINT

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Page 16: Putting digital technology and data to work for Tech CMO's

Creating tailored digital experiences to customer needs

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2step

CREATING DIGITAL EXPERIENCES TAILORED TO CUSTOMER NEEDS

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Page 17: Putting digital technology and data to work for Tech CMO's

Creating tailored digital experiences to customer needs

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3step

CONSISTENTLY TRACKING CUSTOMER EXPERIENCE ACROSS ALL DIGITAL CHANNELS

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Page 18: Putting digital technology and data to work for Tech CMO's

COLLECTING AND ANALYZING DATA TO PERSONALIZE AND OPTIMIZE CUSTOMER EXPERIENCE

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4step

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Page 19: Putting digital technology and data to work for Tech CMO's

Here’s an example of putting digital technology and data to work

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Page 20: Putting digital technology and data to work for Tech CMO's

Challenge

Limited customer targeting and personalizationcapabilities

Disparate data sources hindering capabilities to draw insights and identify patterns

New SaaS-basedsubscription modelrequiring a shift inmarketing operations

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Page 21: Putting digital technology and data to work for Tech CMO's

Solution Created a “Single Source, 360º View of the Customer”

Defined the structure, rules and business logic for a robust data-driven Marketing platform

Tracked customer involvement from capture to purchase, providing rich data for analytics

Established organizational alignment and readiness across Business Units, Marketing, IT and Operations

Prepared the organization for changethrough employee and partner communications

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Page 22: Putting digital technology and data to work for Tech CMO's

Performance outcomes

Consolidation of data sources from 20 to 1,with fully linked and easily accessedoffline/online aggregated customer profiles

200% increase in lift from display retargeting

1 common messagedeployed across 3marketing channels

20 to 1

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Page 23: Putting digital technology and data to work for Tech CMO's

And, of courseone happy Tech CMO!

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Page 24: Putting digital technology and data to work for Tech CMO's

Let us help you build a business strategy enabled via digital technology and data, designed to delight customers and drive measurable results

We are PwC Taking B2B (Business-to-Business) and transforming it into B2P (Business-to-People)© 2016 PwC. All rights reserved. PwC refers to the US member firm or one of its subsidiaries or affiliates, and may sometimes refer to the PwC network.Each member firm is a separate legal entity. Please see www.pwc.com/structure for further details. 24