Posts about Digital Transformation

The consumer packaged goods (CPG) industry faces a number of challenges relating to data, e-commerce and time-to-market. This is a recap of a recent webinar that you can listen to now or continue reading.

Digital Transformation has been a trending strategic initiative for most companies for quite some time now.  Some have almost completed their journey, while others are just beginning. The results of a recent study show that only 19% have adopted or are leading digital transformation in their companies, 34% are in the planning stages and 47% are just starting to wrap their heads around the topic.

When opening the internet for commercial use in 1995, the idea was that technology could help consumers and producers make markets more efficient. Soon after, the idea of replicating the flea-market garage sale concept and other traditional markets in the online world grew in the minds of entrepreneurs.

The first successful attempt to create an online marketplace on a large scale was eBay.com, which was mainly focused on peer to peer transactions, allowing anyone to become a seller and consumers to access a broad assortment of products.

The impact of the digital economy has created new opportunities and challenges for all CEOs particularly for those in the retail sector. What began as a quest to create the perfect customer experience, retailers quickly turned their attention to creating a superior omnichannel environment to keep up with the proliferation of devices and to meet the ever-changing shopping habits of consumers. Digital tools are disrupting the business environment and require significant changes in operations, communications, and selling…and it is about to get much worse.

The Chief Data Officer… Maybe your organization already has one or maybe you’re thinking about hiring one soon. It is a title that used to raise eyebrows, but now it's becoming the norm, and for good reason. This year’s Gartner Enterprise Information & Master Data Management Summit has an entire – and brand new – track dedicated to the role of the CDO. In it, Gartner will reveal the findings of its 2015 CDO Survey and explain the increasing value of the role.

If you haven’t heard the term Digital Transformation or Digital Disruption, you have probably been living on another planet for the past few years. Digital is happening and it’s happening now. Our latest Digital Transformation Business survey showed that three-quarters (76%) of all the organizations asked, claimed that they were currently undertaking a digital transformation project.

According to one memorable opening line, “the past is a foreign country: they do things differently there.” It’s a quote that has enjoyed more lasting fame than the novel it came from because it sums up something everyone knows: nothing ever stays the same.