Digital Transformation Put Simply
Digital transformation is often understood as buying more tech and building new capabilities. But it is actually more about privacy and the changing ecosystem. Why? Because the third-party cookies are going away and thus the capabilities we have today will deteriorate - meaning that we need to change the way we work with data.
You’ve done your Digital Maturity Assessment - so now what?
The Digital Maturity Assessment by BCG and Google can provide CMOs and Marketing Leads with valuable insights into their organization’s state of digital maturity, as well as a roadmap forward. By working with partners and taking steps to implement the outcomes of the assessment, organizations can stay ahead of the competition and succeed in an increasingly digital world.
The biggest change to come from this is that we’re trusting data using it on a cross-functional basis. It’s not only the marketing department that benefits from this data; it also helps the finance department, as well as the CEO and the management team. Everyone can use this data as a basis for their work. It’s a new dawn for the use of MMM in Volvo.
Acceleration identified key market drivers and their impact on sales and brand across multiple markets. This helped us allocate and prioritize our marketing investments, which led to increased ROI and profitability.
In recent years, a primary focus of L’Oréal has been digital transformation and accelerating our digital sales. The Tidal project helps us gain a much better understanding of social media’s ability to drive sales, our e-commerce partners and their ability to turn the web traffic L’Oréal delivers into sales, and most important, it delivers significant increases in revenue from our marketing investments through the automated buying setup developed by Acceleration@Wavemaker.