Oh, hello friends, it's been too long! But I couldn't let today's news stay this far under the radar. With a relatively small announcement on its blog, Google announced that the first Instant Apps have gone live! As a reminder, Instant Apps are Android apps that are internally compartmentalized into individual views (atoms) that your users can interact with from web search results. For instance, if a customer only needs to find the nearest bank ATM, they shouldn't need to download your app (and use precious device storage) to do that -- now they simply interact with the appropriate screen within the existing app delivered via the web! This immediately changes how companies deliver mobile experiences. Why? Because it knocks down 3 major stumbling blocks of mobile experience development:
App discovery is hard. Users find content with web search engines. Instant Apps brings that same power to finding app experiences. Getting people into an app store is hard. Finding your app once there is hard (Our recent data shows that only 26% of smartphone users find new apps through app store searches). Ensuring their device has enough free space, and that no angry reviews scare them off is hard. Deep linking was a bandaid for some of these ills, but Instant Apps will solve them all by delivering a complete native experience as the result of a web search.
Today, we publish the Forrester Wave™: Web Content Management Systems, Q1 2017 after three months of research and another month of writing and editing. Today, we can step back and begin to help our clients leverage this research to shape their digital experience strategy. But first, a special thank you to my colleagues Danielle Geoffroy, Allison Cazalet, Stephen Powers, and Ted Schadler for their invaluable contributions. Also, thank you to the 15 vendors -- Acquia, Adobe, Crownpeak, Episerver, e-Spirit, Hippo (BloomReach), IBM, Jahia, Magnolia, OpenText (TeamSite), OpenText (WEM), Oracle, Progress Software, SDL, and Sitecore -- and their client references who made this research possible.
So where to start? At the highest level, we’re witnessing a step-function along our evolutionary journey thanks to digital. Digital disrupts communication, community, privacy, convenience, products, and services because always-on connections change our demand cycles. Those enterprise organizations who don’t evolve are being disrupted. My colleagues on customer experience research team have shown this correlation of revenue being tied to customer experience, across industries and geographies (link). Additionally, we’re starting to understand how digital maturity stages correlate to technology priorites such as Web CMS with Forrester's Digital Maturity Model (link):
Forrester’s Consumer Privacy Segmentation defines four groups of consumers based on their attention to privacy policies and practices, as well as behaviors around safeguarding data, willingness to share personal information, level of trust in a firm's data practices, and overall tech-savviness. In the Age of the Customer, this framework helps firms understand their customers’ privacy behaviors and attitudes to ensure that they’re not jeopardizing customer trust.
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Original Blog Post:
We've recently gone live with our most recent primary research panel survey through which we are investigating the progress of ABM, Seller enablement and B2B Branding. If you’ve seen the invitation and completed our B2B Marketing survey, thank you.
If you haven’t, the biggest question you likely have is ‘Why Bother?’ Here’s what your input helps us do for you;
Tune our research agenda to your most important imperatives
Give you the context of where you stand in relation to other B2B marketing leaders
Create fact-based research to guide your decisions and influence your constituents
Hot off the press: Forrester’s US Digital Marketing Forecast 2016 To 2021. I’m proud to say that Forrester has been sizing spend on online and digital media for nearly twenty years. My colleague Jim Nail launched this research in 1998, and I have been authoring our forecast reports since 2004. Good thing neither Jim nor I has aged a day! This time, the key finding from our research is that over the next five years, marketers will invest in quality over quantity. What does this mean specifically for digital marketing budgets?
US digital marketing spend will near $120 billion by 2021. Investment in paid search, display advertising, social media advertising, online video advertising and email marketing will pace to 46% of all advertising in five years.
Working budgets will give ground to non-working ones. Overall, digital marketing is pacing at a healthy 11% compound annual growth rate between now and 2021. But this is not the experimental “spend on anything to see what works” investment that we saw between 2008-2012. Marketers are more mature now with capable measurement practices. This means they will spend judiciously on just what works for their goals. And many are dialing back pure digital advertising investment, prioritizing instead non-working investments in data, technology and customer experience.
As we move closer to the end of January 2017, one thing’s for sure: digital financial innovation shows no signs of abating in Asia Pacific, and a series of financial technology (fintech) startups continue to put Singapore and Hong Kong firmly on the innovation map. Just last week Next Money held its Fintech Finals 2017 (FF17) in Hong Kong, and the Monetary Authority of Singapore (MAS) also announced that it will hold the Singapore Fintech Festival 2017 in November, the second year in a row that the regulator will be hosting the event.
FinovateAsia 2016 in Hong Kong and the Global Fintech Hackcelerator in Singapore last year gave us a glimpse into how fintech in the region will develop in 2017:
Asia’s governments are playing a pivotal role in driving fintech investment. MAS has committed nearly $160 million through 2020 to the Financial Sector Technology & Innovation (FSTI) scheme to fund infrastructure and deliver fintech services aimed at establishing Singapore as a smart financial center, as part of the Singapore government’s Smart Nation initiative. The Hong Kong government has announced a $370 million Innovation and Technology Venture Fund aimed at encouraging private venture funds to increase their investments in technology startups through a matching process. Both MAS and InvestHK have established dedicated fintech teams.
It’s increasingly challenging for marketers to earn loyalty as empowered consumers become entitled customers with more options than ever before. My latest report, Case Study: Max Factor China Rejuvenates Customers’ Loyalty With Social CRM, tells marketers how to leverage social CRM to define an effective loyalty strategy that spans the entire customer life cycle, across channels.
The US cosmetics brand Max Factor has been growing its business steadily since it entered the Chinese market in 2009. However, Max Factor has faced growing challenges in recent years:
An increase in competition from incumbent and new competitors.
A decline in new members and average member value.
An incomplete understanding of customers’ purchasing and engagement behaviors.
A confusing loyalty program unfit for the digital age.
This is the first National Retail Federation Expo I’ve attended, and I must say it exceeded all of my expectations and reshaped my view of retail. Over three days in New York, I met with more than 30 vendors and had many wonderful discussions about the changes revolutionizing store operations, hardware and software developments, front-end and back-end integration, and retail analytics. HPE generated a lot of buzz on the floor with demos of its machine-learning algorithm in reducing and preventing store inventory shrinkage. And Checkpoint showed me their new RFID tunnels that promised an impressive 99.9% accuracy[i]. As a supply chain and logistics management professional, I look at these latest developments from a different angle. My top three key takeaways:
Digital store operations have huge implications for planning and fulfillment. I was amazed to see how much technology has been developed to improve store operational efficiency and customer experience, such as Theatro’s voice-controlled wearable. But the hidden benefits of all this for supply chain managers are still under-explored. Take the latest in-store RFID application from Tyco Retail Solutions: Stores are primarily using it inside fitting rooms to track what items customers have bought or left behind. The same application and the data it captures could give retailers and their upstream suppliers unprecedented insights into what items are most or least popular and how fast they are selling, allowing far more accurate and deliberate replenishment and inventory.
Rumors had been flying for some time about SimpliVity needing additional funding, and that HPE had made an offer that was unacceptably low at $650 Million. Clearly, these were more than casually well-informed rumors, since HPE announced on January 17 that it would be acquiring SimpliVity for $650 Million in cash. Was this a fair price? That is hard to say. Since I’m not really an equity analyst, I will spend no more time on this other than to say that it is far short of the kinds of valuations that the industry was expecting. Competitor Nutanix’s current market capitalization is slightly over $4B, which is more than a bit rich for such a company. Despite its high growth rates, it has yet to turn a profit.
For 20 years we have optimized the web as a big billboard broadcasting everything about a company. Marketing owns the public site, and cares more about acquisition than utility. Product teams own the private sites and are faced with an ever-escalating array of digital touchpoints. Is it any wonder firms, aided by their digital agency and web content management software, have built one-size-fits-all reponsive websites and punted on the responsiblity to make them great?
"Why can't they all just use our app," I hear you say. Alas, few customers and even fewer prospects will use your app. But they will visit your website on their phones, particularly when they search or link their way to it. Sadly, when they arrive, their experience — even on your new responsive site — is awful. Why?
Your one-size-fits-all responsive retrofit isn't mobile-first . . . While responsive web design solves a litany of problems — including making your site visible on Google Search — it doesn't magically deliver desktop conversion results. REI told us, "When we went to responsive web design, we celebrated for a minute. Then we asked, ‘Is our responsive website enough?'"