Simply put, digital transformation fundamentally changes how a business operates and the value it delivers to its customers by integrating digital technology into every aspect of the enterprise. But let me be clear. Digital transformation is not just about “digitizing” an organization.
In my opinion, digital transformation empowers CTOs and CIOs to guide their organizations in rediscovering and differentiating themselves by taking an “outside/in” perspective. The most successful companies have used it for just such rediscovery.
The companies that succeed in transforming digitally can develop a much greater understanding of modern-day customers, engage with them more deeply and personally, and deliver on their expectations for highly contextual experiences across all relevant channels.
However, digital transformation goes beyond engagement. It has a direct impact on the organization’s ability to create value. Here’s why.
Highly engaged customers are:
Furthermore, highly engaged customers buy 90 percent more frequently, spend 60 percent more per purchase, and have three times the annual value compared to the average customer.
Four Keys to Enabling Digital Transformation
So, what is essential to successful digital transformation? Here are four key foundational elements that support it:
a. Delivering relevant content
b. Delivering it on the relevant channel
c. Adopting a non-sales communication approach
4. Seamless omnichannel experiences (innovation delivered) The ability to tie all the intelligence about a customer together allows an organization to tap into and enrich a single digital profile every time a customer interacts with the brand. It also enables the brand to continue the conversation from one channel to another, for example, by starting an interaction with a text and completing it on a desktop browser or a mobile app seamlessly.
In the age of omnichannel marketing, the CTO plays a key role in making the technology architecture simple and easy to integrate and in providing secure access both to the data/application and infrastructure at a scalable level. A CIO, on the other hand, will be the custodian of business outcomes delivered by the seamless customer experience enabled by the underlying architecture, thus creating the face of the business. Success in digital is all about customer adoption, and both the CTO and CIO have pivotal roles in making that happen.