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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Marketing Technology Map via #TheMarketingTechAle

Marketing Technology Map via #TheMarketingTechAle | WHY IT MATTERS: Digital Transformation | Scoop.it

Advanced/ Excerpt...


One of the accidental themes of the event was the use of vehicles as an analogy for marketing automation. Gerry Murray, Marketing Operations Research Manager at IDC, built his car analogy around the four key components for marketing technology: data and analytics; management and administration; interaction management; and content. These core pillars are what IDC uses at the heart of their marketing technology map to deliver data-driven marketing guidance for their clients. Because data is available within each component, it can be used to optimize everything that happens in marketing and can help drive collaboration among teams. Data can be used to tie a culture together and the integrated approach of marketing technology helps facilitate this change. Marketing, sales, finance, operations, product teams—they do not need to function in silos thanks to marketing technology.

 

In addition, rather than using individual point solutions for each element of the marketing vehicle, organizations can use a single cloud provider. There are plenty of single source tools for any given requirement of the marketing cloud, but is it necessary to use so many different tools? On the provider side, there is the competitive drive among cloud leaders to win the Marketing Cloud war. Ultimately it is up to the organization to determine if they will build a best-in-breed marketing technology stack or leverage the consolidated solutions of cloud leaders.

 

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Via Marteq
Marteq's curator insight, March 23, 2014 10:01 PM

From a summary of r2i's recent conference on marketing automation. I pulled one presentation summary from IDC (above), but please click through for other summaries.

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10 Awesome Infographics to Guide your Marketing Plan for 2014 via @Buffer

10 Awesome Infographics to Guide your Marketing Plan for 2014 via @Buffer | WHY IT MATTERS: Digital Transformation | Scoop.it
Infographics seem to be getting more and more popular lately. They’re certainly fun to look at, and they convey useful information in a format that’s fast and easy to digest.
Farid Mheir's insight:

Nothing more to add!

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Five Years From Now, CMOs Will Spend More on IT Than CIOs Do via @forbes @gartner

Five Years From Now, CMOs Will Spend More on IT Than CIOs Do via @forbes @gartner | WHY IT MATTERS: Digital Transformation | Scoop.it

At first, that prediction may sound a bit over the top. (In just five years from now, CMOs are going to be spending more on IT than CIOs do?)  But, consider this: 1) As we all know, marketing is becoming increasingly technology-based, 2) Harnessing and mastering Big Data is now key to achieving competitive advantage, and 3) Many marketing budgets already are larger –and faster growing –than IT budgets.

Farid Mheir's insight:

Been a long time since we've known this and it appears that this prediction is true.

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Marketing Technology Landscape Supergraphic (2014) via @chiefmartec

Marketing Technology Landscape Supergraphic (2014) via @chiefmartec | WHY IT MATTERS: Digital Transformation | Scoop.it
The short version: the above graphic is the latest incarnation of my marketing technology landscape supergraphic (click for a high-resolution 2600×1950 version, 4.7MB).

Via Marteq
Farid Mheir's insight:

No wonder CMOs and CIOs are fighting over the same turf and soon CMOs will outspend CIOs in their field...


Also see

  • Gartner Says Worldwide IT Spending to Reach $3.8 Trillion in 2013- not including what CMOs spend on tech http://sco.lt/4ip6vZ
  • Five Years From Now, CMOs Will Spend More on IT Than CIOs Do via @forbes @gartner http://sco.lt/94liLp
Abraham Geifman's curator insight, January 7, 2014 12:53 PM

Les comparto el mapa "acualizadísimo" del Marketing Digital para este 2014. Recomiendo revisarlo pues genera varias ideas de servicios digitales que podemos utilizar.

Jean-Marie Grange's curator insight, January 8, 2014 10:23 AM

All the actors and providers of new marketing technology

Ally Greer's curator insight, January 8, 2014 3:31 PM

Now that's a lot of marketing technology. Like @Marteq, hopefully will have the time to dig deeper into this over the next few days, and looking forward to finding some awesome new tools and tech.

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Web Marketing ROI chart present unified view of online activities that should be leveraged via @kayak

Web Marketing ROI chart present unified view of online activities that should be leveraged via @kayak | WHY IT MATTERS: Digital Transformation | Scoop.it
Online marketing activities and their related ROI CHART.
Farid Mheir's insight:

Good summary of online marketing activities and their possible return

Jean-Marie Grange's curator insight, October 23, 2013 12:23 PM

List of online activities and their potential return.

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Getting Digital Marketing Right- is it time to transfer budgets from #tv to #digital? via @capgemini

Why digital media matters Capgemini Consulting conducted a joint study with Havas Media seeking to highlight some of the proven results of digital media

Farid Mheir's insight:

I find interesting how Capgemini has placed digital marketing in opposition to traditional marketing. Implicit to this infographics is the need for CMOs to question where they spend their marketing budget. It may be time to start and transfer some of the traditional budgets from traditional (print, tv, etc.) into digital, in order to 

  1. reach customers where they are (they are leaving tv and print for online)
  2. gather new analytics to measure what works and what does not (try to do that with print or tv)
  3. adapt the content to personalize it (very difficult or expensive to do in traditional)
Jean-Marie Grange's comment, October 18, 2013 9:31 AM
"Are we there, yet ?!?"<br>"Are we there, yet ?!?"
Farid Mheir's comment, October 18, 2013 7:23 PM
@jean-marie grange: I don't see many being there but many that are thinking about it... ;-)
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Gartner Says Worldwide IT Spending to Reach $3.8 Trillion in 2013- not including what CMOs spend on tech

Gartner Says Worldwide IT Spending to Reach $3.8 Trillion in 2013- not including what CMOs spend on tech | WHY IT MATTERS: Digital Transformation | Scoop.it
Farid Mheir's insight:

What strikes me most in there is the overwhelming part that telecom and devices play in the overall budget when business users - marketing, customer support, HR, distribution, manufacturing - are looking at their IT for innovative new digitial solutions: eCommerce, digital payment, collaboration tools, automation, etc. The expectation is that these new technologies will be able to leverage existing systems in the organization - ERP, POS, corporate databases - to extend them with new tools and systems - social networks for marketing, professional netowrks for HR, video conferencing for sales, etc. 


But the IT groups remain stuck in the past, focussing most of their budgets on internal systems and solutions. This may explain the rise of technology spend by groups other than the CIO. See Forbes Five years from now CMOs will spend more on IT than CIOs

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Urban Outfitters exec: Instagram inspires, shows brand personality - Social networks - Mobile Commerce Daily

Urban Outfitters exec: Instagram inspires, shows brand personality - Social networks - Mobile Commerce Daily | WHY IT MATTERS: Digital Transformation | Scoop.it

“Instagram for us is huge — the engagement on Instagram is through the roof,” said Steve Hartman, managing director of direct and marketing at Urban Outfitters, Philadelphia.

“Just looking earlier today, we posted a picture of shoes in the office, and it got 40,000 likes on Instagram immediately,” he said. “So that one is really about us inspiring the customer and also showing that it goes back to the personality of the brand.”

Farid Mheir's insight:

Great example of usage of social media beyond a boring facebook page and followers. People that post photos of themselves are more attached to the brand and the other clients. And this can pply to way more than apparel. Think food - pics of your meals or what you've prepared with groceries you bought - or in a B2B environment pics of usage of front loaders or other mechanical equipments. Lots of opportunities to transform the customer interaction, feedback, commitment, and ultimately sales?

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How Google Glass Will Revolutionize 9 Industries

How Google Glass Will Revolutionize 9 Industries | WHY IT MATTERS: Digital Transformation | Scoop.it
Some of them won't survive.
Farid Mheir's insight:

Very interesting insight, although very thin analysis. I agree healthcare, construction, police, education, travel will be transformed. For sure advertising as well.


But it looks a lot like the internet in the early days; a new information delivery medium. Little emplhasis seems to be placed on collaboration of what was called 2.0. Maybe we'll have glasses 2.0?

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Leveling the (local) playing field: How tech can help merchants compete

Leveling the (local) playing field: How tech can help merchants compete | WHY IT MATTERS: Digital Transformation | Scoop.it
Let's take a step back and understand the technology tools that can benefit the largest group of people who have been hardest hit by large enterprises and new technologies: the tens of millions of ...
Farid Mheir's insight:

Article points to a number of good marketing and local tools.

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Death by a Billion Clicks - can BestBuy comeback?

Death by a Billion Clicks - can BestBuy comeback? | WHY IT MATTERS: Digital Transformation | Scoop.it
Best Buy ruled retail until it was knocked sideways by the Internet. Can it make a comeback, or is the big-box era officially over?


But Best Buy faced an even more fundamental challenge: The entire big-box retail industry appeared to be dying...


The mobile Internet posed an even larger problem for big boxes. Showrooming was a potentially existential challenge—customers coming into the store to get hands-on experience with a product, then whipping out their smartphone to purchase it from Amazon at a lower price...

Farid Mheir's insight:

What is even more interesting comes midway through the article: BestBuy still sells a lot of stuff, so even though there are challenges ahead the bulk of sales today remain in stores.


"It’s the biggest PC retailer, the biggest independent phone retailer, and the largest camera retailer in the world. It sells more tablets than any other retailer—including Apple. Last year, Best Buy clocked $50 billion in sales, roughly the same as in 2010. That’s about 50 percent more than the next-largest consumer-electronics retailer, Walmart. Analysts estimate that Amazon does just about $14 billion in annual electronics sales."

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Estée Lauder links print, video experience via QR code

Estée Lauder links print, video experience via QR code | WHY IT MATTERS: Digital Transformation | Scoop.it

With this new QR code placement, Estée Lauder knows that this will be useful to their target audience, but is not necessary to get the message of the print ad.

“Given the high-end nature of the brand, a good deal of Estée Lauder customers and prospected have smartphones,” Mr. Hasen said.

“What I especially like is that Estée Lauder provided enough printed information for the reader who does not have a scanner, the right phone or interest in a QR code,” he said. “The QR code is added value.”

Farid Mheir's insight:

It makes sense that high-end brands - Estée Lauder, Lancôme, Burberry, Louis Vuitton and Chanel - would try to leverage their customer's phones to provide more information. This helps further blend the physical and digital worlds.

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Barack Obama's Monster Online Advertising Campaign

Barack Obama's Monster Online Advertising Campaign | WHY IT MATTERS: Digital Transformation | Scoop.it

It compares Barack Obama's online display ads to Mitt Romney's display ads. The gap between the two is stunning. We're not going to say anything about the correlation between online spending and winning an election, we just can't believe the gap between the two candidates.

Farid Mheir's insight:

Digital certainly transforms elections with use of social media and advertising. Not clear there is a correlation between online ad spend and winning but surely it is important t consider in the total mix.

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New Support for Marketing Analytics

New Support for Marketing Analytics | WHY IT MATTERS: Digital Transformation | Scoop.it
Skeptics abound, but the high-tech approach to consumer data seems to pay off.
Farid Mheir's insight:

References to companies across multiple industries gives credibility to this survey.

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Canadian Ecommerce excuses

Canadian Ecommerce excuses | WHY IT MATTERS: Digital Transformation | Scoop.it

I often hear one of the key reasons for the lack of ecommerce in Canada is due to the spread of the population all over what is the worlds second largest country. However this argument makes less sense when you look at the map below. It is true that there are relatively large gaps of low density and the size of  the country of course factors into achieving an efficient national distribution network, but the reality is the majority of us live closely packed along the border.

Farid Mheir's insight:

Would be interested in comparing Canadian population density with that of USA and then of Europe to see the differences. Would also be very interested in comparing the store density between the countries. Then look at the availability of USA online retailers that deliver to Canada easily.


I think it would help get a better picture and explain why we are so much behind in ecommerce here in Canada. But this map is a great reminder of our geographic reality.

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Facebook Mobile Ads Push Flowers for Valentine's Day

1-800-Flowers.com says "customers are migrating to mobile apps"

Farid Mheir's insight:

Interesting to see how companies like 1-800-flowers are leveraging social networks and mobile to generate revenues and spend large amounts to advertize online.

Farid Mheir's comment, January 29, 2015 7:35 AM
@Leonard happy to see this was useful, always good to get that feedback, makes all the curation work worth it!
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Chart: Google Handles 115 Billion Searches a Month | Statista

Chart: Google Handles 115 Billion Searches a Month | Statista | WHY IT MATTERS: Digital Transformation | Scoop.it

In December 2012, more than 175 billion online searches were conducted worldwide. That is 65,000 searches per second, of which 65 percent were handled by market leader Google.

Farid Mheir's insight:

Google remains "the" search destination so making sure your web properties appear near the top of search results is even more important than ever.

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Loyalty Begets Loyalty | STORES.org

Loyalty Begets Loyalty | STORES.org | WHY IT MATTERS: Digital Transformation | Scoop.it

Three years ago Metro launched a joint venture partnership with dunnhumby, a firm best known for helping retailers like Tesco and Kroger put customers at the center of every decision. That partnership has already yielded a 7.6 percent increase in Metro’s customer reach via the weekly flyer.

Greater than 95 percent of shopper communications are now fully customized, and Metro attributes a year-over-year sales increase of $39 million to five million mailings consisting of 37 million personalized coupons. In addition, the Metro & Moi loyalty program now reaches more than one million households and has paid $50 million Canadian in cash rewards to participating customers.

Farid Mheir's insight:

Metro loyalty program represents a major digital transformation that goes way beyond being able to track members  and offer them rewards. 

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Curate Amazon Products While Making a Profit At It: The Wirecutter

Curate Amazon Products While Making a Profit At It: The Wirecutter | WHY IT MATTERS: Digital Transformation | Scoop.it




Via Robin Good
Farid Mheir's insight:

This is a trend. At NRF show, Dell presented marketvine, a stealth project that allows customers to creation collections of products for sale. It is a new model for retailers to watch for.

Robin Good's curator insight, January 23, 2013 1:22 PM


Can you curate Amazon products, review and rate them and then make a profit by reselling them from your site? It looks like this business model may have some potential.

Apparent proof comes from TheWireCutter.com, a site I have recently discovered and which does essentially that. Under 20 and more product categories TheWireCutter professionally selects and reviews the most valuable and interesting products while providing lots of good information, references and insight.


All links to products are tagged to identify TheWireCutter as the affiliate reseller, and therefore Amazon pays a commission for any of the products that readers of TheWireCutter will eventually buy.


Great example of how to make the affiliation model pay while curating existing commercial content / products and adding lots of extra value.


Check it out: http://thewirecutter.com/



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How Long Does it Take to Build a Mobile App?

How Long Does it Take to Build a Mobile App? | WHY IT MATTERS: Digital Transformation | Scoop.it

we surveyed 100 mobile designers to discover how long they expected it would take to build core front- and backend components of an Android or iOS app.  We averaged the responses and then teamed with the designers at Visual.ly to visualize the time required to develop each component of an MVP-quality native app.

Farid Mheir's insight:

Often I get asked what the cost is to do things digital. 18 weeks at 6K$/week yields an average mobile app cost of 108K$ which is on track with other insights we have gathered.

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Social Net Advocacy: How Dell weaves social data into business processes

Social Net Advocacy: How Dell weaves social data into business processes | WHY IT MATTERS: Digital Transformation | Scoop.it

Data from several social sources are fed into the tool, which provides insights into customer sentiment on 37 product lines, each featuring drill-downs to sub-products. “It’s a diagnostic tool to help us make sense of our Net Promoter Score,” Raj explained. “It’s a bridge to NPS. We’re able to measure the advocacy that each product enjoys in the marketplace and funnel that information back to the group responsible for that product.”

Farid Mheir's insight:

Interesting bridge between NPS and social sources. As you transform your business to leverage social media, you need new tools and processes to monitor what is being said.

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Retail's BIG Blog | How to operate in the age of universal commerce

Retail's BIG Blog | How to operate in the age of universal commerce | WHY IT MATTERS: Digital Transformation | Scoop.it

The number one fact that retailers need to accept is that the customer is now in control. The retailer’s job is to make sure the brand is everywhere the customer wants to be and to make sure the transaction process as simple as possible. Whether that process takes place on a tablet, a smartphone, a computer or a kiosk, transactions must be simple for customers and tailored for the brand.

Farid Mheir's insight:

Main message appers to be that consumers now have technologies that give them information everywhere. So your brand must also be present everywhere. That now means digital world more and more.

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