This list celebrates changemakers creating meaningful impact through leadership, innovation, fresh perspectives, transformative mindsets, and lessons that resonate far beyond the workplace.
Chris Kanaracus is managing editor of Constellation Insights.
Insights delivers exclusive, daily analysis of breaking news across Constellation’s eight business research themes to Constellation Executive Network members.
Prior to joining Constellation, Kanaracus spent seven years covering the enterprise software industry for IDG News Service, where he frequently broke exclusive stories with a focus on end-customer issues. Kanaracus has also held various managerial and reporting roles at newspapers in New England since 1998.
Twitter: @chriskanaracus
, Title: Big IdeasConstellation Insights
Insights delivers exclusive, daily analysis of breaking news across Constellation’s eight business research themes to Constellation Executive Network members.
...
Vice President and Principal Analyst
Constellation Research
Holger Mueller is VP and Principal Analyst for Constellation Research for the fundamental enablers of the cloud, IaaS, PaaS and next generation Applications, with forays up the tech stack into BigData and Analytics, HR Tech, and sometimes SaaS. Holger provides strategy and counsel to key clients, including Chief Information Officers, Chief Technology Officers, Chief Product Officers, Chief HR Officers, investment analysts, venture capitalists, sell-side firms, and technology buyers.
Coverage Areas:
Future of Work
Tech Optimization & Innovation
Background:
Before joining Constellation Research, Mueller was VP of Products for NorthgateArinso, a KKR company. There, he led the transformation of products to the cloud and laid the foundation for new Business Process as a…...
SAP is planning to make major additional investments in Business ByDesign, the cloud ERP suite it first launched in 2007, hoping to make the product finally reach the critical mass it originally expected.
Business ByDesign has had quite a history. Developed at high cost, it was first launched with much ado in 2007 as the company's entry into cloud-based ERP, and at the time, company officials expected it to have 10,000 customers by 2010 and be generating $1.4 billion in revenue.
Needless to say, those lofty goals weren't met. One reason was the initial architectural choice, which didn't scale in a cost-efficient manner. SAP pulled back on the ByDesign rollout in order to re-architect it for true multitenancy.
Other problems were internal. Some of SAP's sales force wasn't keen on pushing the new, untested solution to customers and prospects, fearful it would cut into sales of established products such as Business One and Business All-in-One, which carried more lucrative commissions.
By the same token, ByDesign suffered from an identity crisis, as SAP struggled to clearly define and differentiate it from those other ERP suites, which like ByDesign are aimed at small and medium-sized companies.
In subsequent years, ByDesign was the subject of repeated rumors of its demise, ones SAP consistently denied. It continued to develop the product and it is now used by customers in 120 countries. Sales were up 43 percent year-over-year in the first quarter for "new and upsold bookings," SAP said in a statement.
The customer count for ByDesign is now closing in on 4,000. While far short and past SAP's original hopes, that figure is not insignificant, and one SAP believes it can now scale more rapidly:
SAP has goals to significantly increase SAP Business ByDesign development resources, ramp up marketing spend by 10X to deliver demand to partners so partners can focus on differentiating their offerings, and aggressively raise partner capacity with a firm commitment to achieving growth goals.
âSAP Business ByDesign is SAPâs lead offering for mid-market customers. Our customers often share how the solution enables them to run more effectively as they grow and thrive,â said Robert Enslin, president of the Cloud Business Group, SAP.
Enslin's description of ByDesign as SAP's "lead" option for the midmarket is no accident. While it falls in line with the company's overall cloud-first strategy, that type of wording is a far cry from ByDesign's years in the wilderness, when it received little public mention from SAP officials.
In one sense, the new investment in ByDesign isn't a surprise, since SAP needs a cloud ERP for the SMB space, says Constellation Research VP and principal analyst Holger Mueller.
S/4HANA, the successor to SAP Business Suite, isn't ready to serve the needs of both large enterprisesâits core marketâand SMBs, although that is the eventual goal, he notes. "No ERP vendor has spanned large and SMB enterprise with the same product," he says. "It won't happen right now either, especially with Oracle buying NetSuite and running on two platforms."
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My Perspective: Back in the 1980s I took a couple of classes in neural networks. It was, at the time, the logical continuation of my interest in AI: we had little machine power, but we had C and Pascal (not to mention FORT and Assembler) and that was going to be enough. The first course was a three months jaunt into building a neural network that could recognize any letter in in the alphabet by either hearing the sound or looking at a printout/drawing of it. This is 1986-87. It was fun, but it also introduced me to the complexity of a neural network and how we actually have to teach computers.
I found the above article while going through rabbit holes on AI a few months ago, and I really liked it because it does a great job of simplifying that first foray into neural networks (which we use, in different forms, for machine learning and “deep learning” (marketing name for machine learning)). It covers what for me became the next long search: to understand cognition and learning (still don’t get the most advanced concepts, but it’s a fascinating hobby and science).
I am hoping that by reading it and mixing it with my previous link on ML, you begin to both see the potential and complexity behind ML (and realize that for most vendors today, it’s just another marketing term).
disclaimers: this sh— stuff is hard AF, but the easy part is to understand how and what cognition works. when i say most vendors are hyping and marketing, i mean no particular vendor — and of course, none of my clients — but a generalized statement considering the complexity and, still, academic nature of true ML. that first course i took? we barely made it past helping the machine learn both what a B was and how to recognize it. today you can get that in an open source library, at worst. c'est comment la vie avance…
A knowledge summary is a semi-long to a long post that synthesizes positions, concepts, and lessons learned around a topic. They consist of a mix of primary research with ideas and frameworks I built based on conversations and working sessions.
This knowledge summary will focus on concepts you have to know to succumb to embrace digital transformation in the next decade.
The problem is that digital has become the new crutch word much like e-anything or i-anything became the crutch letter in the late 1990s. And we have seen decent value arise from that use: iPhone and eCommerce are the two most recognized iconic words (and concepts).
The purpose of Digital is to replace all that has to do with computer-driven or computer-assisted. We have had computers since the 1980s in the organization, we cannot say “computer-driven transformation” as that ship has already sailed; we talk about digital as if it was a magical, mythical approach to changing things.
But it’s not.
At the core, this machine-driven revolution is different from the one 30+ years ago in what is focused on – data. That’s it, as simple as it can get. This transformation is about data.
It would be more appropriate to say it was about information (a combination of data, content, and knowledge that enables companies to solve problems better in context), but — as I said before… i-anything was already taken.
Seriously, it’s not about data only, it could never be.
Data is the representation of an event. What happened to whom or which, when, how, and where – it’s the pieces of information you need to recreate something: a customer signed up for a newsletter (what), they received the newsletter (what, when), they opened three of the five links (what, when, which), they did a search for further information (what, how, when), they bought a product (what, how, when, where), we shipped it (what, when, where, how), they received it (what, when).
That’s all data – every piece of that.
Data does not mean much without the other two parts of information: content and knowledge.
Content is the static information we (or someone else, if we believe in communities) created that describes an entity (product, solution, use cases, manuals, etc.). For example, the customer got a newsletter with content – information about products, services, discounts, coupons, etc. and acted on that. The data about the newsletter being distributed and the action remains, but without the content, we would not know why the client acted and we couldn’t track specific actions they took.
And that brings the final piece: knowledge. Knowledge, if you follow my writings, is wisdom – the applied, contextual, intent-driven use of content.
And that is where the reality of what data can do comes together — if you combine data about events with content related to that event and intent and context in the form of knowledge – what do you have? the right information, at the right time, in the right place personalized for each person, optimized for each situation, and outcome-focused.
Now you know what digital is and why it’s the source for business transformation this time around: even though data has been around from the beginning, it’s the leveraging of data mixed with the right content and knowledge, yielding information, that makes it the basis for this new evolution.
How do you use it?
There are two slides that I use to show my clients and people I talk to where / how / why information is to use it. First, where does information come from? Big Data — rather Big Noise.
Check it out…
The concept of Big Data is a misnomer: how can something be “data” or be anything if we don’t even know what it is. If one trillion IoT devices generate measurements, which ones are truly data and which ones are noise? If there are 20 millions tweets in one week mentioning your company name, product name, or someone in the company directly by name, how do you know which ones to reply to directly and which ones to safely ignore? What about corrupt or misspelled or damaged “data”? it’s not data until you structure it, until then is noise – simple.
Although the first reaction is always to store everything and “later we will figure it out” the volumes are becoming too large for that, and the need to use the data (and the speed at which data usability and usefulness decay) increases dramatically every day. Storing for future use is no longer possible these days. The next step is to filter the noise and create a signal. If a plane that uses Rolls Royce engines generates over a terabyte of data per flight, and there are thousands of flights daily worldwide – which piece of “data” should be stored? used? discarded? Filters make that decision.
Once the filters take their turn and the noise is selected as valuable, then we structure the information. This is the decision as to what it is: data, content, or knowledge? This is the moment the noise becomes structured and ready to be acted on. The concept of digital transformation being about acting on unstructured data is another misnomer – how can something be acted on if we don’t know what it is? where it came from? what is used for? once we filter the noise (create a signal) then we figure out what it is that we have, structure it, and store it in the proper place (or not, but that’s another post) and act on it.
These actions, the analytics or workflows applied to them, generate an insight – a something we did not know. These insights are what we use to make decisions, to act, or simply to inform – via dashboards and reports. These signals are also the components of information that will be used to power algorithms and AI components – and that will become the new filters for Big Noise. The cycle of optimization based on what we know and what we learned is then complete and we have both insights we didn’t before, and data (and content and knowledge) stored.
Very different from simply capturing everything to figure out later what to do, no?
Being Digital
This section is the second framework I use with clients and in conversations when talking about what it takes to become a digital enterprise. I must confess, this is not a new model – I first introduced it in 2013 – but have been working and optimizing it since. Thanks to all of you that helped me along the way.
Once you get past the awesomely-designed majestic use of colors and boxes, you end up with six components you can focus on: four yellow boxes, and two blue boxes. I know, mind-blowing.
The yellow boxes represent infrastructure, the purview of IT and Architects in your organization. As your organization becomes more entrenched in the cloud (which by now is commoditized, so I am assuming you are either already there or on your way there) they will notice more and more a need to structure their approach. The yellow boxes separate the different pieces they need to focus on:
cloud infrastructure, the core components used to run and interconnect everything
legacy access, because I am still proud of the code I wrote in the 1980s in COBOL and to be fair – a large number of you still use it and need it to run your organizations
interface connectivity, because in the age or mobile and IoT there is no longer a requirement but actually a necessity to be device-independent — this is not mobile-first, this is mobile-also
and to accommodate the hype of the day – AI (or advanced analytics, if you read my writings on the topic) with three specific outcomes: optimization, personalization, and automation.
I wrote about this framework before, the link is above and there is an update to it here as well, which is why I am just summarizing it here. If you need more details read those posts, or contact me.
Once you configure your distributed computing architecture (AKA cloud) to operate in a model similar or comparable to the above, you will end up with two blue boxes – which is where the magic behind digital business transformation happens.
The information blue box is what we were discussing above in the previous section: how to find the right data, content, and knowledge to create the necessary information for every transaction. The information will come from anywhere: devices, legacy data or applications, or AI and analytics engines. The role of the information layer is to make sure that all information is considered, and the best selected, when crafting the response to an interaction.
The experience layer is the one where most organizations would love to have control – but they can’t. The concept of building experiences for customers is archaic and, frankly, dumb. This is not about understanding customers journeys or planning for them – or anything like that. This is about understanding that stakeholders (notice it says customers as well employees, partners, and public) will interact with the system on their own terms, according to their expectations, via any channel, at any time, in any way they see fit. Today they may have more time, tomorrow less – and they would appreciate a quick summary today, and more information tomorrow. To accommodate these shifting expectations, each experience will be built ad-hoc by the stakeholder – provided they have access to all systems, information, and rules that apply.
This is the essence of being digital: building an infrastructure that allows any stakeholder to interact with any part of your organization, at any time, anyway they want, for anything they need. if you can do that, you are “living la vida digital”
To get there, that’s what you need to do over the next decade; this is not a simple system purchase and deployment. It requires extensive changes in all layers of the organization: people, process, and technology. It also requires new thinking in governance and metrics. and that — that takes a decade or so to complete.
Your move.
disclaimer: first things first, thanks to Jon Reed for the idea of using crossed-out text. Since Sameer Patel does not like my parenthetical digressions, I am testing some minor ones using crossed-out text to see if it works. if it does, all credit belongs to Jon who uses them to great effect (far greater than I could ever do) at Diginomica. I would reluctantly, but understandably, relinquish the use if he asks. second, I also have to give credit to the kind folks at OpenText who helped me with the first chart a bit during a consulting session in December. the other people, many, who contributed over time are also very kind and i am profoundly thankful – but they were more motivation and inspiration, OpenText tweaked the slide for me and let me use it. third, no vendors are mentioned – but y’all know that i work mostly with them, so there’s a chance that some of this stuff shows up in something they do / use and i will gladly take all the credit for that. ideas are mine, originally and follow-through, so feel free to yell at me for anything i got wrong. if it works, not me – if it didn’t, me. comment box is below. thanks for reading.
Principal Analyst and Founder
Constellation Research
R “Ray” Wang is the CEO of Silicon Valley-based Constellation Research Inc. He co-hosts DisrupTV, a weekly enterprise tech and leadership webcast that averages 50,000 views per episode and blogs at www.raywang.org. His ground-breaking best-selling book on digital transformation, Disrupting Digital Business, was published by Harvard Business Review Press in 2015. Ray's new book about Digital Giants and the future of business, titled, Everybody Wants to Rule The World was released in July 2021. Wang is well-quoted and frequently interviewed by media outlets such as the Wall Street Journal, Fox Business, CNBC, Yahoo Finance, Cheddar, and Bloomberg.
Short Bio
R “Ray” Wang (pronounced WAHNG) is the Founder, Chairman, and Principal Analyst of Silicon Valley-based Constellation…...
Digital Trends Signal Manufacturing Renaissance Ahead
Western economies have faced an onslaught of negative developments in their domestic manufacturing bases over the past 40 years. With the rise of Industry 4.0, the current trend of automation and data exchange in manufacturing technologies, manufacturers now have new opportunities to undergo digital transformation. Constellation finds that digital transformation in manufacturing will not only jump start growth, but will also create the environment for a manufacturing renaissance. Through in-depth study of successful digital transformation projects, Constellation identified nine entry points for manufacturers to begin their digital transformation journeys. Research also revealed six organizational features present in all successful digital transformations.
This report explains the nine entry points for digital transformation in manufacturing and highlights the six features of organizations that succeed in digital transformation (see Figure 1). It concludes with five recommendations to ensure digital transformation success in manufacturing.
Figure 1. The Nine Entry Points To Digital Transformation In Manufacturing
Please let us know if you need help with your Digital Business transformation efforts. Here’s how we can assist:
Developing your digital business strategy
Connecting with other pioneers
Sharing best practices
Vendor selection
Implementation partner selection
Providing contract negotiations and software licensing support
Demystifying software licensing
Reprints can be purchased through Constellation Research, Inc. To request official reprints in PDF format, please contact Sales.
Disclosure
Although we work closely with many mega software vendors, we want you to trust us. For the full disclosure policy,stay tuned for the full client list on the Constellation Research website. * Not responsible for any factual errors or omissions. However, happy to correct any errors upon email receipt.
Chris Kanaracus is managing editor of Constellation Insights.
Insights delivers exclusive, daily analysis of breaking news across Constellation’s eight business research themes to Constellation Executive Network members.
Prior to joining Constellation, Kanaracus spent seven years covering the enterprise software industry for IDG News Service, where he frequently broke exclusive stories with a focus on end-customer issues. Kanaracus has also held various managerial and reporting roles at newspapers in New England since 1998.
Twitter: @chriskanaracus
, Title: Big IdeasConstellation Insights
Insights delivers exclusive, daily analysis of breaking news across Constellation’s eight business research themes to Constellation Executive Network members.
...
Microsoft is beefing up its database options for Azure in a big way. During the first day of its Build developer conference, Redmond unveiled a new "planet-scale" database platform, new support for open-source databases, and a database migration service. Here's a look at each announcement and what they mean.
Azure Cosmos DB
The biggest database announcement out of Build is the general availability of Cosmos DB. It's a superset of DocumentDB, the NoSQL service Microsoft introduced in 2015. All DocumentDB customers will be migrated to Cosmos DB automatically and at no additional charge.
Microsoft is betting the advanced features found in Cosmos DB can draw in many new customers, however. Here's the short version of what it delivers, courtesy of Microsoft:
It is the first cloud database to natively support a multitude of data models and popular query APIs, is built on a novel database engine capable of ingesting sustained volumes of data and provides blazing-fast queries â all without having to deal with schema or index management. And it is the first cloud database to offer five well-defined consistency models so you can choose just the right one for your app.
Azure Cosmos DB makes global distribution, turnkey. With a single click, you can add/remove any number of Azure regions to your Azure Cosmos DB database, anytime. Azure Cosmos DB will seamlessly replicate your data wherever your users are.
Azure Cosmos DB allows your application to elastically scale throughput and storage on demand, worldwide. You can elastically scale up from 1000s to 100s of millions of requests/sec around the globe, with a single API call and pay only for the throughput (and storage) you need. Azure Cosmos DB is the only cloud database which allows you to scale throughput at both second and minute granularities.
Microsoft is setting the bar high for Cosmos DB's performance, saying it will "guarantee single-digit millisecond latencies at the 99th percentile to your app, anywhere in the world."
It is also guaranteeing high availability globally even in the event of a regional disaster.
Meanwhile, Cosmos DB's flexible consistency model goes well beyond the usual choice between persistent and eventual consistency. The five options give customers a more granular way to tradeoff performance for consistency, depending on a particular application's needs.
Microsoft is putting money behind its claims for Cosmos DB, through SLAs for high-availability, low latency at the 99th percentile, consistency and throughput.
It also claims that on a TCO basis, Cosmos DB can be up to 10 times cheaper to run than competing open source offerings running on-premises or virtual machines, and up to three times less costly than Amazon Web Services' DynamoDB "for high volume workloads."
The Bottom Line: Cosmos DB's capabilities appear to be considerable and already battle-tested by early adopters. Moreover, there are tens of thousands of existing DocumentDB customers who can start experimenting with its additional features immediately, which should spark uptake and momentum. Cosmos DB also gives Microsoft a clear answer to the likes of Google Spanner, its recently introduced global-scale database. While Spanner is a relational store, it makes similarly grand promises about scalability and uptime.
MySQL and PostgreSQL Are Now First-Class Azure Citizens
A less flashy but sure to be popular move from Microsoft is are new managed services MySQL and PostgreSQL databases on Azure. Previously, those who wished to use those platforms had to run them in a virtual machine and manage the stack themselves, or use a third-party service.
Now in preview, both databases will run on Azure's database services fabric, taking advantage of its high availability, scalability, flexibility, security and monitoring features. They will also be integrated with Azure Web Apps from the start. Both will use the community editions of the database.
The Bottom Line: Both MySQL and Postgres remain popular databases, currently ranking in the top five overall, according to the DB-Engines ranking service. It should be noted that DB-Engines bases its scores on factors such as social media and developer forum mentions, job listings, LinkedIn profile data and search engine results, and does not address factors such as the number of installations of a given database. But buzz certainly counts for something, and for that reason alone, Microsoft is wise to add native support for MySQL and Postgres. It's a sure-fire way to draw new workloads to Azure while giving developers more options.
Azure Database Migration Service
Finally, Microsoft showcased a limited preview of a new database migration service aimed at moving on-premises Oracle, MySQL and SQL Server workloads to Azure. Pricing and general availability weren't disclosed.
This can justifiably be seen as a "me-too" announcement in response to Amazon Web Services, which has touted the success of its own database migration tool.
AWS CTO Werner Vogels recently said customers had moved 23,000 databases to AWS through the service, a number that is largely meaningless without context, such as the size and strategic importance of the workloads.
The Bottom Line: Microsoft didn't spend much time on this announcement at Build and it's easy to see why. The success or failure of this migration service will likely depend on cost, and how seamlessly it can transition workloads to Azure. Hence the limited preview, which suggests there remains plenty of tweaking to do along with early adopters.
24/7 Access to Constellation Insights Subscribe today for unrestricted access to expert analyst views on breaking news.
Chris Kanaracus is managing editor of Constellation Insights.
Insights delivers exclusive, daily analysis of breaking news across Constellation’s eight business research themes to Constellation Executive Network members.
Prior to joining Constellation, Kanaracus spent seven years covering the enterprise software industry for IDG News Service, where he frequently broke exclusive stories with a focus on end-customer issues. Kanaracus has also held various managerial and reporting roles at newspapers in New England since 1998.
Twitter: @chriskanaracus
, Title: Big IdeasConstellation Insights
Insights delivers exclusive, daily analysis of breaking news across Constellation’s eight business research themes to Constellation Executive Network members.
...
Microsoft's Build developer conference kicked off with a keynote featuring CEO Satya Nadella, who set the tone for the event in clear terms: Microsoft views developers not as cogs in the machine, but creators.
âWe are a company that started as a developer tools company," Nadella said. "[Today], we want to think about people but also about the institutions people build. Itâs not just celebrating any platform or technology but about celebrating what you can do with that technology to have a broad impact. That sense of purpose has been driving us in this cloud-first world."
Nadella moved on to list the opportunities developers have within Microsoft's ecosystem, citing the ability to reach 500 million Windows devices in a secure manner through Windows Store, and the 100 million monthly active users of Office 365. "These are users in the core of the enterprise, using these tools every day," he said of the latter.
The CEO also used his Build keynote to introduce a significant new piece of strategic messaging. âWeâre moving from a mobile first cloud first world to a new world thatâs made up of an intelligent cloud and an intelligent edge," Nadella said.
This new world has three fundamental characteristics, he added.
âThe user experience is getting distributed across devices," Nadella said. "Itâs not about an application model for one device. The user experience itself is going to span your devices.â Nadella cited the advent of personal digital assistants such as Microsoft's own Cortana: âAs you move between devices, itâs going to be there helping you get your tasks done.â
Data is the currency of this platform shift, driven by IoT (Internet of things). He cited the massive amount of "edge" data being generated by IoT devices on cars, for example. "Data has gravity," Nadella said. "Computational power will move to it." Moreover, "the AI you create will be by definition more distributed," he added. âWeâre reaching a point where you canât rendevous the data for [machine] learning in the cloud.â
The third pillar of the paradigm shift is serverless computation, according to Nadella. "We've got to change how we think about logic," he said. "You want to be able to write logic that reacts to these events, not a piece of logic bound to a single server."
Those comments suegued into an announcement of Azure IoT Edge, a runtime for Windows and Linux that can run on devices even smaller than a Raspberry Pi. The idea is to have computation for analytics and AI run on endpoints, speeding up the process compared to shipping data back to Azure.
Microsoft provided a couple of scenariosâone real-life and one plannedâshowing the potential of edge computing.
The first was a dashboard developed by Swedish tool maker Sandvik Coromant to monitor equipment at its plants around the world. With the use of IoT Edge, Coromant's implementation allowed it to spot equipment problems and take action much more quickly.
A second demonstration showed how a combination of IoT Edge, commodity cameras, facial and object recognition, rules, alerts and messaging could be used to create a workplace safety system. To wit: A camera sees that a jackhammer is propped precariously and poses a hazard, sparking an alert to a nearby worker telling them to remedy the problem.
But in the end, what resonated more with Build's audience wasn't technical talk and product announcements. Rather, it was a moving video depicting how Haiyan Zhang, research director at Microsoft's Cambridge Research lab, developed a wearable that helped reduce hand tremors in Emma Lawton, a 29-year-old graphic designer suffering from Parkinson's, allowing her to write and draw clearly again.
After the video ended, Zhang and Lawton appeared live onstage to a roar of applause of the sort not often heard at enterprise-oriented technology conferences, if ever.
While Nadella refrained from connecting the dots explicitly, instead heading backstage after a few moments, the womens' appearance drove home the high-level message of his keynote: The ability individual developers have to create things that impart major change. Overall, Nadella's presentation was a welcome attempt at empowering Microsoft developers, rather than merely evangelizing to them.
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Gavin is the Founder of Disruptors Co, one of Australia’s leading independent strategy and innovation companies. Gavin advises firms on strategy, marketing, product development and innovation. He is also a member of the Orbits program, the influencer network of award winning analyst and advisory firm, Constellation Research. Gavin advises boards and leadership on innovation strategy, marketing, data-driven product development and corporate venturing. Gavin is on the board of Vibewire, a youth-led social enterprise based in Sydney, Australia and on the Technology Advisory Group for Good2Give – the workplace giving platform.
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The promise of digital targeting has had marketers salivating for years. We would be able to identify, reach, engage and convert consumers one-to-one at scale thanks to technology. Better yet, with mobile devices, we could bring an offer to a consumer who was physically close to our retail outlet thanks to big data, mapping and location services.
Accordingly, substantial investments have been made in a wide variety of technologies from CRM and data mining, to automation, analysis and beyond. In fact, Scott Brinker’s infographic on the landscape of marketing technology (2016) suggests that there were almost 4000 marketing technology solutions vying for your attention and purchase. With so many choices, it’s hardly surprising that marketers wonder where to start with the MarTech stack.
But Byron Sharp, Professor of Marketing Science at the University of South Australia says that the promise of digital marketing is unfulfilled. Or perhaps, we have over stated the role of digital at the expense of brand. This video segment by the Australian Association of National Advertisers (AANA) touches on these topics, raising interesting challenges for us all.
The final episode of the Marketing Dividends series presented by the AANA (Australian Association of National Advertisers with Byron Sharp) with Professor of Marketing Science, Director Ehrenberg-Bass Institute – University of South Australia. Marketing Dividends is a content series on SKY NEWS BUSINESS aimed at elevating the profession of marketing and explaining the value marketing brings to businesses and the wider economy.
Now, there is plenty that I could argue with. There is a huge assumption that analogue marketing metrics are/were valid, and also that marketers are not following through on data, analytics and measurement of business value. But these are quibbles – because the most interesting aspect of this interview is the refocusing of marketing towards strategy.
In many ways, the pursuit of digital marketing and technology has seen us become reliant on tactics masquerading as strategy. We put some technology in place and think that the strategy will magically be enabled.
But this is never the case. As Byron reminds us, “We are in a battle for attention – for physical and mental availability … people [consumers] just don’t think of you enough”. Segmentation, data and technology alone won’t solve that problem – only a tightly threaded strategy and approach to execution will. And that means doubling down on your marketing skills. So don’t just re-evaluate digital – re-evaluate your team and yourself.
4 Memorable Digital Marketing & Sales Effectiveness Quotes
Director of Customer Programs, Constellation Research
Constellation Research
Carole oversees the Constellation Executive Network, an executive community for innovative senior leaders who value strategic guidance from trusted advisors who understand the power of disruptive technologies. Carole brings over 15 years of marketing, strategic account management, and operations experience, specializing in high technology and professional services. She holds a BA from Santa Clara University and a MBA from Thunderbird, School of Global Management.
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Cindy Zhou is a practicing CMO.
Prviously, she was Vice President and Principal Analyst at Constellation Research covering Digital Marketing Transformation and Sales Effectiveness. With over 18 years of practitioner experience in corporate marketing, product marketing, product management, and sales operations, Zhou has spearheaded marketing transformation at multiple technology companies. She advised Constellation’s clients on strategies to light-up demand generation, prove revenue contribution, and maximize sales productivity.
Prior to joining Constellation, Zhou was Global Senior Vice President of Marketing and Sales Operations at BackOffice Associates, a global provider of data quality and information governance solutions to the Fortune 1000 and SAP SolEx partner. Before…...
Even if you are not a natural disruptive thinker or leader, thinking creatively about innovation and and the role that technology plays can be easily stimulated by seeing a quick tweet, quote, or hearing a joke. After a quick online search, I found inspiring innovation quotes from current leaders and spotted general technology quotes like these.
At Constellation Research, our analysts share ideas related to their business and disruptive technology research. In that context, the meaning of each quote, especially for business leaders interested in these topics, can be more useful and relevant than a generic one whether it's a quote about technology optimization, the increasing changes in the executive office, which we call "the new c-suite", or digital marketing and sales effectivess among many others.
We update these weekly for anyone interested in non-mainstream disruptive thinking from our seasoned Constellation analysts and keep an archive of the entire collection for our Constellation Executive Networkmembers.
DOWNLOAD THIS WEEK'S ANALYST QUOTES - DIGITAL MARKETING & SALES EFFECTIVENESS - Cindy Zhou | VP & Principal Analyst | Constellation Research
"#CEO & Boards want predictability in the business. Embrace your inner #datascientist." - @cindy_zhou #CMO
"Command of #marketing financial metrics helps change the #CEO perception from cost to growth center." - @cindy_zhou #CMO
"It doesn’t matter if #sales or #marketing generated the lead, what matters is closing the deal." - @cindy_zhou @constellationr #CMO #CX
"Every great #CMO started somewhere. Build expertise, become known for it, then broaden skillset." - @cindy_zhou @constellationr
Cindy Zhou is a practicing CMO.
Prviously, she was Vice President and Principal Analyst at Constellation Research covering Digital Marketing Transformation and Sales Effectiveness. With over 18 years of practitioner experience in corporate marketing, product marketing, product management, and sales operations, Zhou has spearheaded marketing transformation at multiple technology companies. She advised Constellation’s clients on strategies to light-up demand generation, prove revenue contribution, and maximize sales productivity.
Prior to joining Constellation, Zhou was Global Senior Vice President of Marketing and Sales Operations at BackOffice Associates, a global provider of data quality and information governance solutions to the Fortune 1000 and SAP SolEx partner. Before…...
A few weeks ago in San Francisco, I attended my first Anaplan Hub conference along with over 1500 other attendees. This yearâs Hub marked a new milestone for Anaplan with the debut of new President and CEO Frank Calderoni. A noted tech veteran, Calderoni previously served as the CFO of Red Hat and Cisco. In the keynote, Calderoni emphasized his commitment to deliver the promised innovation to customers with the companyâs âsignificantâ investment in R&D. Calderoni also cited that the companyâs momentum is strong, adding 250 new customers in the last year. While Anaplan has broad business planning and modeling capabilities, I want to focus specifically on the sales performance management and marketing operations areas of their platform in this blog.
Anaplan has experienced solid traction in the financial and sales performance management arenas but their marketing operations planning capabilities have been in a supporting role. Often, the marketing use cases are uncovered after the platform is deployed in another department. According to Anaplanâs Chief Marketing Officer (CMO) Grant Halloran, the companyâs sales performance management and commission modeling solutions are core but the marketing budgeting and planning solutions are gaining traction.
With the CMOâs budget increasing as they take on more responsibility along with a diverse mix of channels, geographies, verticals, etc. to support, solid planning is critical to their success. With ROI to justify, more CMOs need the insight required to cross-reference between whatâs happening outside of marketing in sales, service, and finance. The common process for most mid-sized company's marketing departments involves running spreadsheets to manage a diverse mix of martech, adtech, campaign, and content spend. Unfortunately, spreadsheets just don't cut it anymore when looking to perform more complex marketing-to-sales forecasting. Anaplanâs marketing planning solution provides goal-based modeling and the ability to parse budget allocations with a broader view into the data from CRM, marketing automation, and finance systems.
From my vantage point, what I saw at the Hub event was planning software that bridges the sales and marketing divide, particularly with the preview I received on their upcoming account based marketing (ABM) solution. In my view, Account Based Marketing is beyond marketing, it requires the organization to align to what Iâll call an account based strategy (ABS) for marketing, sales, and service. The problem with most of the âABMâ solutions on the market are that they provide a specific view into a specific area of campaign execution, marketing engagement, ad placement, data augmentation, etc. Anaplanâs upcoming solution fills in the white space currently in the market by providing insight into how to plan and re-align budgets, territories, quotas, account distribution, to make an account-based strategy successful. Anaplanâs solution provides the ability to perform sales rep territory and quota planning by account, which helps ensure the alignment of compensation and fairness in account distribution. Account, engagement, and intent scores help provide insight into overall prospect close-viability and the ability to allocate budget by vertical, geography, etc. provides a method for marketers and sellers to determine if thereâs enough money to fuel ABS activity. Anaplanâs solution looks like a good complement to the other ABM solutions out in the market. Please note that this was a pre-launch preview I received, but Anaplanâs been using the product in-house for their own marketing and sales efforts. As I hear more use cases with customers, Iâll update my findings.
Screenshot of account segmentation configuration courtesy of Anaplan
Screenshot of account segmentation to budget dashboard courtesy of Anaplan
Regarding Sales Performance Management, a few casual conversations I had with Anaplan customers during the conference highlighted their love of Anaplan's quota and commission management solution. One customer, a publicly traded multinational software and engineering services company, stated that with Anaplan they removed much of the headaches associated with territory division, account distribution, and sales commissioning. As a result, sales reps were paid two months faster than before. Through Anaplanâs integration with the companyâs CRM solution, sales reps can see where they stand at any given moment and the sales ops team is no longer bombarded with questions.
Combine solid customer growth, a new CEO, and innovation such as this promising Account Based Planning solution, and Anaplan has the ingredients for continued growth to fuel the IPO buzz.
Finally, kudos to Anaplan for having one of the most inspiring keynote speakers Iâve come across in years of hosting and attending events, former NASA Astronaut and the first women of color in space, Dr. Mae Jemison. Dr. Jemison is an inspirational role model and I know her upcoming Lego figurine will propel more girls to enter STEM fields.
Below is a Storify collection of my tweets from Anaplan Hub17 and my colleague Doug Henschen, who has been covering Anaplan longer than I have, also wrote a great blog comparing this yearâs Hub with prior year events. Read his thoughts here.
Chris Kanaracus is managing editor of Constellation Insights.
Insights delivers exclusive, daily analysis of breaking news across Constellation’s eight business research themes to Constellation Executive Network members.
Prior to joining Constellation, Kanaracus spent seven years covering the enterprise software industry for IDG News Service, where he frequently broke exclusive stories with a focus on end-customer issues. Kanaracus has also held various managerial and reporting roles at newspapers in New England since 1998.
Twitter: @chriskanaracus
, Title: Big IdeasConstellation Insights
Insights delivers exclusive, daily analysis of breaking news across Constellation’s eight business research themes to Constellation Executive Network members.
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GPU (graphical processing unit) maker NVIDIA launched the Deep Learning Institute one year ago, offering low-priced training to developers on a variety of AI and machine learning technologies. Now it has significantly ramped up its ambitions, saying it intends to train 100,000 coders this year, compared to 10,000 in 2016. Here are the key details from its announcement at the GPU Technology Conference:
The institute has trained developers around the world at sold-out public events and onsite training at companies such as Adobe, Alibaba and SAP; at government research institutions like the U.S. National Institutes of Health, National Institute of Science and Technology, and the Barcelona Supercomputing Center; and at institutes of higher learning such as Temasek Polytechnic Singapore and India Institute of Technology, Bombay.
In addition to instructor-led workshops, developers have on-demand access to training on the latest deep learning technology, using NVIDIA software and high-performance Amazon Web Services (AWS) EC2 P2 GPU instances in the cloud.
Beyond reaching more developers, NVIDIA is adding to the Institute's curriculum. New areas of study include the application of deep learning for self-driving care, healcare, robotics and financial services.
NVIDIA is not attempting to reach 100,000 developers on its own. It will partner with AWS, Facebook, Google, the Mayo Clinic and Stanford to co-create training labs. The labs will focus on the Caffe2, MXNet and TensorFlow deep learning frameworks.
In addition, NVIDIA has teamed up with Facebook AI research head Yann LeCun to create a teaching kit for educators. It says hundreds of professors at Oxford, UC Berkely and elsewere are already using it.
Lab content is being ported to Microsoft Azure and IBM's cloud. And finally, NVIDIA plans to introduce formal certifications for DLI students. To date, DLI has issued certificates noting the completion of a course, but does not offer certification tests.
Analysis: The AI Opportunity Is Far From A Game to NVIDIA
GPUs are better suited than CPUs for deep learning due to their architecture. While CPUs may have only a couple or several cores, GPUs have thousands of smaller ones that are geared for massively parallel processing of simple tasks. This maps well to compute-intensive deep learning workloads.
NVIDIA's GPUs have long been dominant fixtures in graphics and video cards for gaming and other purposes, but the company's investment in deep learning extends back nearly 10 years, long before the current awareness and hype level around AI.
An aggressive expansion of DLI now makes sense, since the market for GPUs in deep learning remains nascent and NVIDIA should make every effort to expand on its early lead. Its chief competitors, AMD and Intel, are only bringing specialized deep learning GPUs to market this year.
While Intel in particular will have plenty of money to throw behind its products, NVIDIA's other edge lies in the extensive libraries and mature software frameworks it's already developed for deep learning workloads. The more it can train up developers, the more GPUs it can sell, both in specialized hardware or to cloud service providers. In turn, AI developers who align with NVIDIA for GPU acceleration benefit from its early-mover maturity and expertise.
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