Results

Analytics and Augmented Reality Inside Constellation's Mobile App

Analytics and Augmented Reality Inside Constellation's Mobile App

Lawrence Coburn, CEO, Doubledutch, demonstrates the Matrix Commerce, analytic, and augmented reality potential of mobile applications. 

Data to Decisions Matrix Commerce New C-Suite Next-Generation Customer Experience Chief Customer Officer On <iframe src="//player.vimeo.com/video/111548756" width="500" height="281" frameborder="0" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>
Media Name: cce-mobile-app.jpg

Welcome to Constellation's Connected Enterprise 2014

Welcome to Constellation's Connected Enterprise 2014

R "Ray" Wang welcomes the audience at Constellation's Connected Enterprise 2014.

Data to Decisions Digital Safety, Privacy & Cybersecurity Future of Work Marketing Transformation Matrix Commerce New C-Suite Next-Generation Customer Experience Tech Optimization Chief Customer Officer Chief Digital Officer Chief Executive Officer Chief Financial Officer Chief Information Officer Chief Marketing Officer Chief People Officer Chief Procurement Officer Chief Supply Chain Officer On <iframe src="//player.vimeo.com/video/111548755" width="500" height="281" frameborder="0" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>
Media Name: welcome-cce.jpg

Welcome to Constellation's Connected Enterprise 2014 Day 2

Welcome to Constellation's Connected Enterprise 2014 Day 2

R "Ray" Wang kicks off day two of Constellation's Connected Enterprise innovation summit.

Marketing Transformation Chief Customer Officer On <iframe src="//player.vimeo.com/video/111660354" width="500" height="281" frameborder="0" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>
Media Name: ray2.png

The Problem With Age Bias & Generations

The Problem With Age Bias & Generations

1

If you are leading individuals from multiple "generations", you are probably categorizing them incorrectly, and here is why this is bad for you and your business.

There are 78 million pages returned from a Google search for “leading generations”. Almost 5000 books are available on Amazon.com around leading generations, and in the scholarly realm a search across a few academic databases returned almost three million peer-reviewed articles, dissertations and journal entries all on “leading generations”.

I am going to go out on a limb and estimate that we have approximately half a billion pages written on leading generations. Most of this around the Baby Boomers, Generation X, Generation Y and the Millennial Generation.

Here is the problem; most of these half a billion pages categorize humans into generations based on when they were born. The generations are most times described as seen in the image below. 

This image is the courtesy of The Atlantic in an article titled “Here Is When Each Generation Begins and Ends, According to Facts”.

We have approximately half a billion pages written on leading generations.

Seems rational right, lets figure out what motivates these generations, what types of followers are they, what type of leadership theory works best for each generation, and what types of leaders would result form each generation.

Well, no.

As I continue to be a nerd and read hundreds of those half a billion pages in preparation for my dissertation, a once fuzzy hunch of mine, has crystalized into a design principle I now use as modus operand.

Belonging to a generation has nothing to do with when you were born.

The theory of generations has been historically researched under two branches of views. Familial and cohort views. Familial generations are those described as “kids of the previous generation”. This is mostly what is in the diagram above. Cohort generations are people regardless of their age that have affinity to a modality or memory of a set of shared experiences. The Great Depression, The Industrial Revolution, The Internet, 9/11, and the invention of the iPhone.

Grand parents, parents, and children can all be in the same cohort generation; but obviously from different familial generations.

This is a key change in thinking, and starts to create questions challenging the chart above as an oversimplification of a single human, and can largely misinform leadership in the private and public sector.

Here is why I wrote this blog.

Recognizing that using cohort association to identify someone’s generation is good, but realizing that a single human can change from one generation to another over time is really where the kicker is.

Principal Analyst, Alan Lepofsky from Constellation Research will tell you that there are no age boundaries when it comes to enterprise social. He has seen as many of the young reject social as many of the old embrace it.

On Alan’s position, and in tandem with my research I have started to apply a new set of lenses to an individual when I think about what “generation” they may be in, and then how to lead them appropriately.

I know many folks my age who have shorter attentions span than most from the Facebook generation.

I know many folks over 55 that are more social and digital than my 16-year-old nephew. And I know many teenagers who study and read the classics more than my uncles and aunts ever do or did. I know many folks my age who have shorter attentions span than most from the Facebook generation, and I know many folks over 60 who are more entrepreneurial than any 21-year-old currently driving to Silicon Valley with a Mac Air and some hoodies in a Subaru.

So what is a leader to do?

  1. Understand an individual’s digital competency.
  2. Understand how an individual sees entrepreneurial activity.
  3. Understand how he or she sees sharing and collaboration.
  4. Study how they view rapid iteration.
  5. Understand how they see the role of a leader, servant, participative, or transformational.

Then, and only then put them into a generation, and regardless of their age (or gender) lead.

I write as a labor of love, in exchange I ask that you share this writing if you think others may find value,

-Richie

Future of Work Chief Executive Officer Chief People Officer Chief Digital Officer

Why Are Brands Anonymous?

Why Are Brands Anonymous?

1
They may not think they are, but most brands are anonymous. 

It is evident that most brands, especially those in banking, retail, travel and telco industries, spend a lot of time making sure their sales and service associates are warm, welcoming and personable. In retail or sales, they promote "Hello, how can I help you" buttons, train folks on how to shake hand firmly and smile, and ask them to greet customers in store with their names. All these are examples of how brands invest in making their customer facing employees “human”. 
 
Online, brands have carried this trend into various channels. Call center agents begin by saying “Hi, I’m Joe and I will help you today” taking the cue from the restaurant business. Most agents have names - real or fictitious - to address the customers. Even email support gets answered by a named person and social media managers are have specific named identity as well.  
 
So, most brands may be surprised by the claim they are anonymous. 
 
Overall, social and industry ratings have provided a solid foundation for commerce brands to build trust. The next variation of this trend has been the emergence of consumer connected brands such as Yelp and TripAdvisor. These brands are built entirely on the ratings strangers give to others services. They are different from Amazon in that the trust generated by their consumer reviews is their very product - and the basis of their brand.  What's truly fascinating is that the brands (AirBnB, Uber) become the keepers of the trust between strangers engaged in commerce. A side consequence of this effect is that these brands don’t rely as much on brand media advertising or paid search to drive commerce.  
 
The truth is that in the digital world, what they are doing is simply not enough. Take the recent example of an egregiously bad Comcast customer service call that went viral after a call agent refused to cancel a customer's account point blank for ten minutes.  Such inauthentic interactions don’t engender trust between brands and their consumers. And trust is the most important commodity missing for a brand today. A single phone call destroyed millions of dollars of Comcast brand equity.
 
But how do you build trust in today’s digital world? An interaction at a time. Trust builds through repeated, positive outcomes from digital interactions between a brand and its customers. And, anonymity of interactions does not help. We are more likely to escalate bad interactions into a public spat when they are anonymous. Today, the verdict of these brand interactions is delivered through ratings of the community of customers - through social media, ratings and reviews and other feedback forums.  
 
Let us look at how these digital interactions drive trust. The basic consumer survey tools have been on internet since inception for collecting feedback. However, consumer ratings and reviews were the first social feedback mechanism that built trust around products and services. Amazon drove this from the early days of online commerce and in industries like retail and travel this trend is now well established. In service industries, especially regulated ones like banks, telcos and utilities, direct consumer ratings have had limited success. Many banks still don’t allow consumer comments on their sites and forums. Third party companies, J.D. Powers, etc. have stepped with with industry ratings, as have various third party rating sites. 
 
Recently, even these brands has been upended with the trend of collaborative consumption economy. Here the new brands like Uber, AirBnB, TaskRabbit are allowing consumer to consumer experiences that displace the merchant-driven digital commerce.  They have taken the idea of matching consumer to services further. They have built double-sided marketplaces which rely on two core tenets: trusted identity of the participants and transparent ratings of the services and experiences delivered. 
 
As an example: AirBnB authenticates identity of both hosts and guests. This is critical to build trust. Host can decide whether they will allow a guest to stay at their home based on validated identity and past behavior of the guest. Similarly, the guest can reach the host as a real, authentic person with validated text and address information. AirBnB has combined this with the idea of rating the experience from both parties. At the end of every stay, they ask the guest three questions: Will you recommend this host? The property? And AirBnb? In that order. The host is asked: Will you let the guest stay with you again? Trust is built - an interaction at a time between two known, authenticated persons and the experiences they share. The same with Uber: the riders rate you the driver after every ride. And the lessor known fact is that drivers can rate the riders as well. 

If you are a bank, retailer or a telco today, what lessons you can draw from these successful consumer connected brands? First, consider building a trusted way to disclose the identity of your customer-facing employees - transparently - to your customers. Imagine if in every customer interaction, an employee starts by revealing who he is and connects with the customer through the channel of her choice (text, voice, video) and stays connected as long as needed, even coordinating with other employees when necessary. I bet the public spats would be fewer. Second, let your consumers rate each interaction and recommend each employee - every time, if needed. The employee would know exactly how he did and why. Third, consider showcasing these ratings and performance for other customers to see. 
 
For many companies, these policies may appear radical - even to ponder, let alone adopt. The barrier is mostly cultural since technologies to implement these policies are available. However, brands need to realize that in the connected digital world, their longevity depends on how well their employees interact with their customers. For that, the veil of anonymity that sits between a brand’s employees and its customers has to be torn. 
Marketing Transformation Chief Marketing Officer

The Future of Enterprise Security - Constellation Urges Chief Information Security Officers to Pivot to Strategy

The Future of Enterprise Security - Constellation Urges Chief Information Security Officers to Pivot to Strategy

The rise of digital presents an opportunity for the Chief Information Security Officer to move from a purely defensive position to one which uses the organization's information to act strategically and drive business value. 

Today Constellation Research published Strategic Opportunities for the Chief Information Security Officer in a Digital Age, a report highlighting the potential for security officers to utilize an organization’s information as a competitive asset.

 CISO Snakes and Ladders

Organizations tend to utilize the security department in a purely defensive capacity. However, in the digital age, an organization’s internally and externally collected information are valuable data sources. Security Officers archive, protect, and maintain the quality of an organization’s information, putting them in a unique position to implement strategic, information-driven business initiatives. 

This report describes the evolution of the security department as “the department of no” to a business unit that utilizes a company’s information to create a strategic advantage.

“For as long as we've had a distinct information security profession, it has been said that security needs to be a "business enabler". The real value of information lies not so much in the data itself as in its qualities. The important latent skill I want to draw out for CISOs is their practiced ability to deal with the qualities of data” says report author and Principal Analyst, Steve Wilson.  “To bring greater value to the business, CISOs can start thinking about the broader pedigree of data and not merely its security qualities. They should spread their wings beyond C-I-A, to evaluate all sorts of extra dimensions, like completeness, reliability, originality, currency, privacy, and regulatory compliance.”

Key features of this report:

  • Career advice for Chief Information Security Officers
  • The future of Enterprise Security
  • Guide for CIOs/CISOs to utilize information for competitive advantage
  • Table for collecting and archiving an organization’s information


Data to Decisions Tech Optimization Digital Safety, Privacy & Cybersecurity Marketing Transformation Innovation & Product-led Growth Future of Work AI ML Machine Learning LLMs Agentic AI Generative AI Analytics Automation B2B B2C CX EX Employee Experience HR HCM business Marketing SaaS PaaS IaaS Supply Chain Growth Cloud Digital Transformation Disruptive Technology eCommerce Enterprise IT Enterprise Acceleration Enterprise Software Next Gen Apps IoT Blockchain CRM ERP Leadership finance Customer Service Content Management Collaboration M&A Enterprise Service Chief Information Officer Chief Technology Officer Chief Digital Officer Chief Data Officer Chief Analytics Officer Chief Information Security Officer Chief Executive Officer Chief Operating Officer

Salesforce Unveils Next Generation Social Studio

Salesforce Unveils Next Generation Social Studio

If you have been wondering what Salesforce has been up to, they have unveiled their next generation social studio, which is now fully integrated into the Salesforce Marketing Cloud. It’s got an interesting twist in that it includes next generation social listening, social customer service for service teams and new social lead engagement for sales teams. It seems that the world is finally getting that from the customer’s point of view, that they are not talking to Sales, or Marketing or Customer Service — the customer is talking or interacting or engaging with a company. And to have all of that contained in one application or platform and make the customer information available for all of the various functional departments seems like the best way to make customers feel hear and listened to.

Social media is ubiquitous with customers, yet many companies are still struggling with how social can improve business decisions and processes. Customers and Consumers are adopting social and digital very fast, where as companies are dragging their feet, some kicking and screaming or others even turning a blind eye to it.  As a result, many companies are falling into the digital transformation / customer experience gap.

Digital Disruption Transformation Chasm

Social Studio including a simple user interface that empowers any employee to benefit from social listening and engagement on desktop and mobile devices. Innovations include social customer service for service teams and new social lead engagement for sales teams. Leading global brands like Activision, McDonald’s, and ADP leverage Social Studio and the Salesforce Customer Success Platform to connect with customers in a whole new way.

What Functional Departments Want and Need

Marketers want to run social campaigns, engage with customers, and use social insights to drive marketing decisions. Service teams need to surprise and delight their customers with social customer care. Sales teams need to find and connect to new customers faster with social lead generation. However, social is still isolated from key customer interactions. This means that many companies will fall into the customer experience / digital transformation chasm. However, with the right strategy, leadership, people, process and technology can prevent a company from not crossing the chasm and catch up to customers and consumers.

How Is Salesforce Tackling The Digital Transformation Chasm

What Salesforce has done it build the next generation of Social Studio, using on the best elements of Radian6 and Buddy Media and extending social listening, analysis, content marketing and engagement across the Salesforce Customer Success Platform. It also includes a completely new social listening and sentiment engine monitors more than one billion social data sources from Twitter, Facebook, YouTube, blogs, news sites and more.

Social Studio is designed to meet the scale of the largest multi-brand, multi-region companies, enabling social media teams to empower other groups throughout an enterprise with a unified, easy-to-use social solution for sales, service and marketing. Social marketing and community management teams can finally get rid of their spreadsheets and manage social content calendars in Social Studio. Integration with Social.com, the Marketing Cloud’s social advertising solution for agencies and advertisers, allows teams to monitor top performing content published from Social Studio directly within Social.com, and amplify the content with sophisticated social advertising campaigns to reach more current and potential customers.

Social Studio in the Service Cloud 

Leveraging Social Studio, customer service teams can easily monitor social channels for customer support issues, create a customer case to be managed in the Service Cloud and route these social cases to right person or team to ensure timely resolution of customer issues. With the combined power of Social Studio and the Service Cloud, any company can surprise and delight customers with social customer care on the world’s leading social networks, including Facebook, Twitter, Google+, and Sina Weibo. For the first time, every Service Cloud customer can now get started with social customer service for no additional charge, managing up to two Facebook or Twitter accounts directly from the Service Cloud. Social customer service drives business results, as customers spend 20-40 % more with a company when the company responds to customer service requests over social media.

Social Studio in the Sales Cloud

Two-thirds of marketers see lead generation benefits with social media1. Now sales reps can use Social Studio to find and connect to new customers faster with social lead generation. By listening to conversations across more than one billion social data sources sales reps can identify new leads and engage with them in real-time directly from the Sales Cloud. In addition, using Social Studio, Sales Cloud can automatically make Pardot marketing automation and lead scoring more efficient by adding social data, such as sentiment or influencer status, to campaigns and leads.

Social Studio Partner Program

Social Studio is an open platform where any developer, ISV, customer or partner can directly build and deploy applications. Social Studio launches today with a select partner program that brings together seven of the industry’s leading vendors for visual content and compliance and rights management, content discovery and performance marketing. Partners include Getty Images, Nexgate, a division of Proofpoint, Pressly, Rallyverse, Shutterstock, and Trendpottr.

And that’s one of the ways brands are solving the issue of not following into the customer experience conference and the digital transformation chasm. But it’s not just technology, its got to be a people, process and technology combination. And it has to lead by senior executives, the Board of Directors and become pervasive throughout a culture. And that is a big initiative to accomplish and needs organizational change management. And while people have been talking about organizational change management for years, perhaps it’s time has found its time and place and will finally be taken seriously.

@drnatalie

VP and Principal Analyst, Constellation Research

Covering Marketing, Sales and Customer Service by Delivering Customer Experiences.

Share

Next-Generation Customer Experience salesforce Chief Customer Officer

Sharing Economy and Customer Experience Implications for Legacy Brands

Sharing Economy and Customer Experience Implications for Legacy Brands

Banafsheh Ghassemi, CEO and Founder, Tangerine Lab at Constellation's Connected Enterprise

Marketing Transformation Chief Customer Officer On <iframe src="//player.vimeo.com/video/111670236" width="500" height="281" frameborder="0" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>
Media Name: tangerine-lab.jpg

Quips: Digital Transformation - Defining The Fundamental Elements For Digital CXOs

Quips: Digital Transformation - Defining The Fundamental Elements For Digital CXOs

Before The Hype Hits A Crescendo, Let’s Lock Down The Basic Elements of Digital Transformation

The stage is set for Digital Transformation to be one of the hottest trends for 2015.  Market leaders and early adopters have already embraced the movement.  Yet, massive hype is coming soon as digital transformation hits mainstream awareness by late 2015.  While digital may be applied as an adjective to every movement or trend, Constellation defines digital transformation as the methodology in which organizations transform and create new business models and culture with digital technologies.

“Digital Transformation is the methodology in which organizations transform and create new business models and culture with digital technologies”

To elaborate, transformation arises when organizations apply design thinking to craft new experiences and outcomes.  As organizations move from selling products and services to keeping brand promises, the digital era requires a high degree of trust and transparency that support and augment brand authenticity.  Digital technologies provide rich data sets which can be analyzed to surface up patterns of insight.  That insight enables organization to easily deliver on mass personalization at scale (i.e. segment of one) by improving contextual relevancy.  Contextual relevancy (i.e. right time relevancy) built on roles, relationships, business process, location, time, and sentiment provide a foundation to create intention driven experiences and outcomes.  Success in digital transformation requires organizations to build a culture that supports a digital DNA and development of digital artisans who can navigate between the right brain and left brain world.  The result is the organization’s capacity to create new business models or augment existing business models that disrupt the status quo; and sense and respond in real-time to market shifts among key stakeholders.

Your POV.

Ready to begin your digital transformation? Still looking for a CDO? Want to jump start your digital business efforts? Let us know how you are getting there and what first steps have worked.  Add your comments to the blog or reach me via email: R (at) ConstellationR (dot) com or R (at) SoftwareInsider (dot) org.

Please let us know if you need help with your Digital Transformation efforts. Here’s how we can assist:

  • Developing your digital business strategy
  • Identifying areas for business model disruption
  • Connecting with other market leaders and fast followers
  • Sharing best practices
  • Vendor selection
  • Providing contract negotiations and software licensing support
  • Implementation partner selection

Resources

Reprints

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.

Copyright © 2001 -2014 R Wang and Insider Associates, LLC All rights reserved.
Contact the Sales team to purchase this report on a a la carte basis or join the Constellation Customer Experience

The post Quips: Digital Transformation – Defining The Fundamental Elements For Digital CXOs appeared first on A Software Insider's Point of View.

Data to Decisions Digital Safety, Privacy & Cybersecurity Future of Work Marketing Transformation Matrix Commerce New C-Suite Next-Generation Customer Experience Tech Optimization Innovation & Product-led Growth SoftwareInsider Digital Transformation AI ML Machine Learning Generative AI Analytics Automation B2B B2C CX EX Employee Experience business Marketing SaaS PaaS Growth Cloud eCommerce Enterprise Software CRM ERP Leadership Social Customer Service Content Management Collaboration LLMs Agentic AI HR HCM IaaS Supply Chain Disruptive Technology Enterprise IT Enterprise Acceleration Next Gen Apps IoT Blockchain finance M&A Enterprise Service Metaverse developer Quantum Computing Healthcare VR CCaaS UCaaS Robotics Chief Digital Officer Chief Data Officer Chief Experience Officer Chief Executive Officer Chief Information Officer Chief Technology Officer Chief Analytics Officer Chief Financial Officer Chief Operating Officer Chief Marketing Officer Chief Revenue Officer Chief Information Security Officer

IOT; Its not about the millions of Devices, its about the Business Value delivered

IOT; Its not about the millions of Devices, its about the Business Value delivered

Do we truly understand the economic value that the Internet of Things is able to provide as an Environment as well as to a specific Business Activity? It’s pretty amazing to think what will probably be connected with the resulting amount of data made available, but that’s not a Business argument for making use of the Internet of Things. In fact Business value is created by the context specific, not from the volume… normally. BUT around the late 80s pretty similar arguments were being made about the lack of a Business case for Local Area Network connectivity, and the deployment of email.  Ubiquitous, as in everyone being connected and on email, turned out to play a substantial part in why connect, or why adopt email argument. If everyone else works this way then you, or your Enterprise cant survive dis connected. So what’s happening this time to the Internet of Things, or IOT?

Research report now available: The Foundational Elements for the Internet of Things (IoT)

There has to be a business model for an Enterprise to invest in, and use, the Internet of Things, and that in turn should be driving the Business approach to the Internet of Things, rather than the technology capability.

In respect of Network connectivity then most people know something about Metcalf’s Law that calculates value by the number of connections that in the 1980’s networking boom became a fair justification for email. More recently Reed’s Law updated Metcalf’s law in the context of Social Networking, introducing limitations to the apparent unlimited increase in value through increasing connections that Metcalf proposed. Reed suggesting the people have personal limits to the operational capability to interact with more than certain numbers of ‘friends’ and in fact the value of a network is finite.

Unfortunately neither of these laws fits an economic model that sees vast numbers of interconnected ‘things’ able to publish their data to the open networked architecture of the Internet, particularly based on Machine to Machine, M2M, interactions.

The best answer for this is the very little known Beckstrom’s Law that aims to answer the economic question of ‘how valuable is a Network’ and if that Network is of Devices and Machines transacting. Beckstrom’s Law is under pinned by a complex theorem, and detailed set of academic papers so follow the link to  Wikipedia as a useful starting place.

In summary Beckstrom’s Law states; "The value of a network equals the net value added to each user’s transactions conducted through that network, summed over all users."

Perhaps herein lies the answer to quantifying at least some parts of the difficult issue of investing in Internet of Things in order to acquire seemly useful capabilities. A difficult proposition without any understanding of exactly how to value, or quantify, returns.  Actually there are two distinctive and different paths for investment; In the first is the broad investment necessary to get a ticket to the game of Digital Business where to participate demands a set of capabilities, call it your Digital Business Infrastructure as its more than a traditional Technology definition of the term Infrastructure. The second ideally will be occurring in parallel, but is more likely for many enterprises to have occurred first. To select to invest against specific business opportunities with a narrow focus on what is deployed suiting only the immediate opportunity.

There is nothing wrong with this; it’s just the business metrics are by necessity narrow and linked to obvious traditional measurements of Revenues, etc. and, the short term can lose sight of the longer term with expensive ramifications as scaling up occurs. A previous blog ‘Digital Business in Smart Cities using the Internet of Things’ used Building Management as an excellent example of focused investment coupled with understanding the bigger issues.

In addition a further blog, ‘Digital Business; mastering new financial controls’, addressed the topic of how to achieve a better and wider understanding of new cost allocations versus the revenues/margins for a Digital Business. But that’s deliberately focusing down into the very necessary aspect of good operational management. Together these blogs give a reasonable picture of how to tackle the first path of identified and focused investment for a specific opportunity, but the case for the second path towards bigger picture of Business Infrastructure investment in the Internet of Things is more difficult.

The basis of The Internet of Things, (IoT) is of big picture created by millions of Devices contributing value. It will be necessary to invest in your own Enterprises IoT devices, as well as using the data from other Enterprise IoT devices. Something new is needed to make sense of what and where value is being created from this amazing new and complex environment.

There is a lot of focus on the use of Big Data and turning it into Smart Data, again see a previous blog ‘The Internet of Things requires Big Data to be Turned upside down into Smart Data’, but what about measuring the sources and the transactional value they contribute? Okay that’s about Machine to Machine, M2M, but then so is the Internet of Things, IoT! There is nothing in Beckstrom’s Law and its Theorem that requires ‘the user’ to actually be a person, in fact its arguable that it applies equally well to Internet of Things devices!

The American Marketing Association updated its definition of Marketing in 2013 to be very much more reflective of the Technology based World of today to read as follows; ‘Marketing is the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large’. That seems to reflect the realities of Digital Business with its massively interconnected Internet based World pretty well, and to be inclusive of Internet of Things devices too.

In conclusion it would seem that Marketing for a Digital Business is going to have to include assessing data obtained from choosing, and using, the right Internet of Things devices. There is a definite need for some serious thought on how the conjunction of new ‘digital’ technologies is going to address this. Better mathematical algorithms such as Beckstrom’s Law are highly important new tools to become aware of and use. Business Value is usually created by Transactions so lets start measuring this!

Research report now available: The Foundational Elements for the Internet of Things (IoT)

Data to Decisions Future of Work Innovation & Product-led Growth New C-Suite Tech Optimization Chief Information Officer