Interact with Summit using the event app Log in to your account Enable social Find people at Summit and leave feedback on this session Don’t forget to tweet using #AdobeSummit © 2015 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. #AdobeSummit @twitterhandle 29-30 April, 2015 | ICC, ExCel, London © 2015 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. Reinventing customer engagement with Experience-driven Commerce Errol Denger | Director, Adobe Commerce Gary Schoch | General Manager, Rosetta Global Commerce © 2015 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. Errol Denger Director of Commerce Adobe Gary Schoch General Manager, Global Commerce Lead Rosetta © 2015 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. Agenda 1 A Systematic Approach to Innovation © 2015 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. 2 Case studies Innovating Engagement 3 Experience-Driven Commerce Every company wants to create a unique and defensible market position. But is this even possible anymore? © 2015 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. 6 #AdobeSummit @ErrolDenger @Rosetta Creative destruction is eroding competitive For use with full-screen imagesthan or diagrams that look good on black advantage more rapidly ever before. Fast followers with streamlined cost structures have taken reverse engineering to a new level resulting in faster, and even better, copycats. Barriers to entry are diminishing providing lean startups with unprecedented access to disruptively innovate markets. The world is flat, and continued deregulation coupled with increasingly free trade has virtually eliminated the forces that historically sheltered markets. © 2015 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. 7 #AdobeSummit @ErrolDenger @Rosetta Continuous Disruption Internet Speed is here… and it keeps accelerating © 2015 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. 8 #AdobeSummit @ErrolDenger @Rosetta The End of Competitive Advantage © 2015 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. 9 #AdobeSummit @ErrolDenger @Rosetta For use with full-screen images or diagrams that look good on black In a world where 97.8% of the value of innovations goes to imitators you must rewrite the rules © 2015 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. 10 #AdobeSummit @ErrolDenger @Rosetta Traditional models are no longer valid in today’s hyper-paced market Innovators © 2015 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. Early Adopters Early Majority Late Majority Laggards #AdobeSummit @ErrolDenger @Rosetta Traditional models are no longer valid in today’s hyper-paced market Shorter Lifecycles require Iterative Innovation © 2015 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. #AdobeSummit @ErrolDenger @Rosetta Modern differentiation requires continuous monitoring of the market environment and the agility to iteratively innovate Iterative Innovation Innovation Transient Advantage Wears off Pivot and reinvent Innovation In-cycle Iteration Pivot and reinvent Each iteration establishes a transient advantage that must be harvested and pivoted to create your next strategic advantage Continuous and systematic innovation will enable you to simultaneously exploit multiple transient competitive advantages © 2015 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. 13 #AdobeSummit @ErrolDenger @Rosetta This methodology requires a fundamentally different approach… © 2015 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. 14 #AdobeSummit @ErrolDenger @Rosetta Analysing the world’s leading disruptors reveals not only an organisational culture that rewards continuous re-imagination, but more importantly, adherence to a methodical approach to innovation. “It’s almost impossible for a company to call it correctly every time. What matters, though, when you have been taken by surprise or something negative occurs, is what you do next …” Rita McGrath Analytics Ω “In my experience, the way invention, innovation, and change happen is a team effort…. You develop theories and hypothesis, but you don’t know if readers will respond. You do as many experiments as possible”. Jeff Bezos © 2015 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. Systematic approach to innovation Experience Manager Experience-Driven Commerce Target #AdobeSummit @ErrolDenger @Rosetta Best Practices and Case Studies Ω © 2015 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. #AdobeSummit @ErrolDenger @Rosetta After 106 years in business, © 2015 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. ©2015 McGraw-Hill Education. Confidential and Proprietary. Not for redistribution. Disruptive technology and shifting consumer behavior Text book with digital access and supplemental materials Text book Course building based on smaller components of digital content FUTURE Textbook with other supplemental print materials © 2015 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. ©2015 McGraw-Hill Education. Confidential and Proprietary. Not for redistribution. 100% digital 18 © 2015 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. ©2015 McGraw-Hill Education. Confidential and Proprietary. Not for redistribution. 19 Project Vision A world class, singular ecommerce and digital publishing destination for finding and accessing learning solutions that delivers a personalised customer experience. © 2015 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. ©2015 McGraw-Hill Education. Confidential and Proprietary. Not for redistribution. Challenges to Overcome 5 different business units that had all been working in silos Different ecommerce and content systems spread all over the world Each site had its’ own distinct technology stack; no commonalities Complex back office systems and processes Customer data scattered No content management process and governance No consistent web analytics Not optimised for mobile © 2015 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. ©2015 McGraw-Hill Education. Confidential and Proprietary. Not for redistribution. Addressing changing customer expectations Thought Leadership Company Info Just for fun Tablet Strong Product Content Search Loyalty Programs Content Commerce Mobile Demonstrated Efficacy of Products Experience © 2015 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. ©2015 McGraw-Hill Education. Confidential and Proprietary. Not for redistribution. 22 Easy Navigation Product Ratings Personalisation © 2015 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. © 2015 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. 24 © 2015 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. 25 © 2015 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. 26 Results Launched a new brand strategy led by mobile optimised website for Higher Education market in 123 days 4% conversion rate 22,740 visits to our ideas content section with 28,988 unique page views 50% growth in traffic from non-desktop devices + © 2015 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. ©2015 McGraw-Hill Education. Confidential and Proprietary. Not for redistribution. REINVENTING EXPERIENCES WHERE MINUTES COUNT 28 WHERE TO BEGIN | INTELLIGENCE This means going beyond demographic and behavioral segments to understand needs, attitudes, and personalities. © 2015 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. #AdobeSummit @ErrolDenger @Rosetta Reprioritising Your Customers Through Personalised Brand Experiences CREATING PERSONALISED 1BILLION EXPERIENCES FOR 40 MILLION GAMERS ONE DAY SALES 30 01 Engagement Model 02 Triggers 03 Targeted Communications 04 Gameplay Increase 350% ROI Hours Played 01 03 700,000 Targeted Communications 02 $1B 7 Trillion Data Points per Day Launch Day 7 Targeted Engagement Play 04 Typical Game Play Game Lifecycle #AdobeSummit @ErrolDenger @Rosetta PERSONALIZED COMMUNICATIONS #AdobeSummit @ErrolDenger @Rosetta 32 OVERALL RESULTS Personalised email extended the impact by generating Social Engagement 522% return on investment $66M Incremental microtransactional revenue #AdobeSummit @ErrolDenger @Rosetta 33 CASE STUDY: CONSUMER PRODUCTS AND RETAIL Uncovering Market Opportunities Through Insights + = st 1 scalable integration UNLOCKING CUSTOMER MOTIVATIONS FASHION STYLE PERSONAL EXPRESSION Rosetta uncovered five distinct consumer segments with key contrasts in motivations for wearing apparel and their level of engagement with fashion, style and self-expression. These segments served as the basis for a next-generation marketing strategy. #AdobeSummit @ErrolDenger @Rosetta ROSETTA SYNDICATED SEGMENTATION Shopper Segments are based on attitudes around shopping dynamics and use of technology to support shopping DRIVING DIMENSIONS SHOPPER SEGMENTS Shopping Enjoyment Function vs Fashion Importance Of Brand Deal Seeking Impulsivity Engagement With Marketing Activities Engaged Fashion-Forwards Independent Browsers Savvy Super-Shoppers Bargain Hunters Shopping Avoiders 14% 11% 18% 17% 18% Segment Incidence Segment Incidence Segment Incidence Segment Incidence Technology Use In Shopping CP&R Omnichannel Segmentation, Sept 2013. Target Sample: US Recent Apparel Purchasers N=579 #AdobeSummit @ErrolDenger @Rosetta Segment Incidence NOW, FOCUS YOUR EFFORTS 01 From 5 to 2 based on economic value to the retailer. Engaged Fashion Forwards Savvy Super-Shoppers 14% OF CONSUMERS 18% OF CONSUMERS ECONOMIC VALUE TO RETAILER ENGAGEMENT VALUE TO RETAILER SHOPPING ENGAGEMENT 02 Common interests in fashion over function FASHION VS. FUNCTION IMPORTANCE OF CLOTHING BRAND DEAL SEEKING 03 Differences in deal seeking and impulsivity IMPULSIVITY ENGAGEMENT WITH MARKETING ACTIVITIES USE OF TECH IN SHOPPING © 2015 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. #AdobeSummit @ErrolDenger @Rosetta 37 INFUSING INSIGHTS INTO THE EXPERIENCE #AdobeSummit @ErrolDenger @Rosetta BRINGING INSIGHTS TO THE TABLET #AdobeSummit @ErrolDenger @Rosetta BRINGING INSIGHTS TO THE TABLET #AdobeSummit @ErrolDenger @Rosetta BRINGING INSIGHTS TO MOBILE #AdobeSummit @ErrolDenger @Rosetta Key Results WW Revenue Goal by 2017 Sales Surge last Quarter Profit Margin Conversion Rate $17B +15% +5% + #AdobeSummit @ErrolDenger @Rosetta #AdobeSummit @ErrolDenger @Rosetta BUILDING THE DIGITAL ENTERPRISE In order to successfully deliver on its mission of Making Affordable , Quality Clothing for Everyone, Fast Retailing’s CEO mandated that the Company needed “to grown globally and fully embrace digital … by creating a common and scalable technology platform, while better understanding the needs of their customer.” The Solution Redefine the Customer Experience | Across All Channels Business Uses In Control | Content, Experience, Speed Fulfill Anytime Anywhere | Delight the Customer Store Associate Mobile Assistant | Save the Sale Customer Experience: Store - Online | Authenticity Global Insights | Consumer Personalities 44 Bringing Uniqlo Brand Re-Envisioned on Mobile #AdobeSummit @ErrolDenger @Rosetta Omni-Channel Engagement | In-Store Magic Mirror Taiwan Site eCommerce eCommerce Content Adobe AEM WebSphere Commerce Sterling OMS 85+ System Integrations eCommerce – – – – Content Management Rosetta Leads Global Re-platform • Adobe AEM Content Driven Commerce Engagement • 200 Team Members – 6 countries • Innovation, Design, Delivery, Appl. Managed Services • 15 Core Systems Results YoY Phase 1 USA Results | Adobe AEM Legacy Commerce Platform Revenue Visits Average Order Value +106% +53% +22% Conversion Rate +9.7% Phase 2: FIRST 45 DAYS Results: Taiwan Re-platform – Adobe AEM + IBM Commerce Revenue Visits Average Order Value +55% -1% +17% Conversion Rate +34% +23 bps #AdobeSummit @ErrolDenger @Rosetta Experience-Driven Commerce SOLUTIONS MEDIA OPTIMIZER CAMPAIGN SOCIAL EXPERIENCE MANAGER TARGET ANALYTICS PRIMETIME AUDIENCE MANAGER CORE SERVICES PROFILES & AUDIENCES PLATFORM © 2015 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. ASSETS ACTIVATION MOBILE EXCHANGE COLLABORATION Data & Content #AdobeSummit @ErrolDenger @Rosetta USER MANAGEMENT & ADMINISTRATION *New Announcements* in Experience-Driven Commerce LISTEN • • Deeper insights across omnichannel shopper journeys by exposing Customer Attribute data into AMC Predictive insights automatically uncovers meaningful shopping behaviors and anomalies to create new segments and expose them in Commerce Context Hub DELIVER Improved Digital Shopping Experiences Across Channels with better landing page, product collections, improved checkout, payment © 2015 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. PREDICT Adobe Target Premium has reinvented Recommendations with over 50 new features making it easier than ever to optimise shopper engagement—across Web, mobile app and email. ASSEMBLE New integrations with Creative Cloud and PIM Create richer commerce experiences using the new Commerce Context Hub #AdobeSummit @ErrolDenger @Rosetta Experience-Driven Commerce Partnerships New Improved New New Improved In Progress © 2015 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. #AdobeSummit @ErrolDenger @Rosetta Q&A Errol Denger Gary Schoch Director of Commerce [email protected] Twitter: @ErrolDenger General Manager [email protected] Twitter: @Rosetta © 2015 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. 52 Go HERE, do THIS, and you could WIN! 1 Download the App • • • • 2 3 Give us feedback It takes less than a minute Log in to your account Survey available as Enable social the sessions start Receive a personalised experience Use the app to interact with Summit © 2015 Adobe Systems Incorporated. All Rights Reserved. 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