la fleur's digital transformation
TRANSCRIPT
Building A Data-Driven, Customer-Centric Organization
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Engineering A Digital Transformationtm
But I just want to be customer-centric, why do I have to “engineer a digital transformation?”
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Data.Accumulating everywhere, data is every organization’s path to sustained value and it is also the path to increasing risk, liability, confusion and chaos.
April 15, 2016
Our people. A cross generational group of people that must now be creative, critical thinkers using all kinds of new technologies in all kinds of new ways to meet all kinds of new demands ….
DIGITAL TRANSFORMATION
The realignment of, or new investment in, technology, business models, and processes to more effectively compete in an ever-changing
digital economy.
Brian SolisPrincipal Analyst, Altimeter Group (a Prophet co.), Author of X:
The Experience When Business Meets Design
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It Can Be Done. Building A Data-driven and Customer-centric Organization In The Lottery Industry
Aligned revenue and income. Directed growth.
Stable return on sales rate.
Hoosier LotteryYear Over Year +/- %
Source: Hoosier Lottery financial reporting
By 2018, 67% of the CEOs of Global 2000 enterprises will have digital transformation at the center of their corporate strategy. 6 Predictions About the Future Of Digital Transformation, Gil Press, Forbes (Forrester, IDC and Gartner)
3 years into digital transformation
3 years into digital transformation10+ years into becoming data-drivenLottery Retailers
Already On Their Way.
Lottery – Just Getting Started.
Source: Strategy Not Technology Drives Digital Transformation, MIT Sloan Management Review.
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Source: Brideworks http://bit.ly/19Msx5N via IoT Architecture, Trivadis 3/24/2015
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It’s Only Just Begun.
≠
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Organization’s Aren’t Organized To Meet The Needs of the Always On Customer.
Big Data
Sales Technology
Marketing Automation
Marketing Analytics
Lots of Technology, Not A Lot of Solutions.
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Source: Simon Blackburn
Source: chiefmartec.com
Source: venturebeat.com
Source: Matt Turck, Managing Director FirstMark Capital
Convert “data” from bits & bytes into an integrated, measured & growing asset via transformed distributed,
self-service competencies across the organization.
Data-driven.
Continuously growing understanding of the customer and deploys integrated solutions and strategies
envisioned and built around them.
Customer-centric.
Iterative, transformative and disruptive innovation that accepts failures and create new markets.
Innovation as a strategy.
Continuously. Across the organization.
Agile.
Siloed and product-centric approach to the customer, push communications and
reach/frequency based measurements.
Yearly new products, rigid strategic planning.
Slow, centralized and iterative decision-making based largely on narrowly defined customer
needs, market protection and failure avoidance.
Disparate & growing data sets, limited data governance, siloed analytics, piles of reports and increasing security and privacy threats.
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ENGINEERING A DIGITAL TRANSFORMATION™
©CODEI 2015-2016
Creating a data-driven, customer-centric organization.
©2016 CODEI,LLC All rights reserved.
Skills Now RequiredCritical thinkingCreativityChange, Risk, FailureCommunicationCollaborationData, Customer, Business, Technologies
New Approach to Education & TrainingBehavioral economicsContinuous training, expanded contentDigitally enabledMulti-generational
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Customer
People
Data
Planning &
Process
Systems &
Technology
Organization
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How Long Will It Take?
It Will Never Be Done.
Changing The Way We Do Business Requires
Actually Changing The Way We Do Business.
• Executive ownership and organizational alignment. • Prioritize & be patient – gunky, clunky and fundamental first.• Be courageous – focus, stop, start, more.• Fully resource – today’s business & preparing for tomorrow. • Inspire, engage and inform – everyone, over and over, manage the change
effort.• Know and own your story – all of it. • Payment structures - align dollars with value creation. • Procurement - flexible, agile and responsive.• New metrics – value, track and measure.
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