WHY IT MATTERS: Digital Transformation
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WHY IT MATTERS: Digital Transformation
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Curated by Farid Mheir
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Forrester Total Economic Impact study of the @Salsify #PIM implementation shows 7 months payback & 339% ROI - but more important details certain costs and savings with such tools

Forrester Total Economic Impact study of the @Salsify #PIM implementation shows 7 months payback & 339% ROI - but more important details certain costs and savings with such tools | WHY IT MATTERS: Digital Transformation | Scoop.it

Forrester Consulting conducted a Total Economic Impact™ (TEI) study and examine the potential return on investment (ROI) enterprises may realize by deploying Salsify’s Product Experience Management (PXM) Platform.

Farid Mheir's insight:

WHY IT MATTERS: the benefits of back-office systems such as product information management (PIM) or customer data platforms (CDP) are hard to grasp. That is why studies like this are so important - beyond the obvious hype around ROI and payback - they highlight costs and areas where you may be able to save. Moreover, solutions like Salsify that are SaaS cloud based very often struggle to gain traction as teams in IT or operations are already in place and not about to get fired. Large ERPs like SAP or Oracle will claim that their modules are better and more integrated. Unfortunately, front-office teams in Marketing and eCommerce face challenges and huge savings when it comes to improved data quality and faster time to market which often are hard to measured. This study may help identify some of these areas of saving...

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Grocers have to grow up and embrace agile approaches to stay relevant via @McKinsey

Grocers have to grow up and embrace agile approaches to stay relevant via @McKinsey | WHY IT MATTERS: Digital Transformation | Scoop.it

Speed is critical, which means grocers must jettison their traditional—and slow—approach to implementing new initiatives. They should instead take an agile approach using “concept sprints.” Characterized by quick decision making, a focus on tangible outcomes, constant customer validation, colocated and multidisciplinary teams, rapid iteration, and careful attention to internal capability building, concept sprints can reduce time-to-market from four to six months to just four weeks.

Exhibit 5 shows how concept sprints can be used across the organization to accelerate the launch of high-priority initiatives. Leading retailers have used such an approach to introduce new in-store digital solutions, refine picking algorithms in warehouses, or develop new products.

Farid Mheir's insight:

WHY IT MATTERS: agile approach is getting into every industries and organizations, even prehistoric ones like grocery!

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