Posts about Digital transformation
How CPG companies can adapt to the New Normal
Manufacturers of consumer-packaged goods (CPG) are finding themselves in the midst of a historic transformation.
The COVID experience and the heightened environmental awareness of consumers and lawmakers are changing the game for CPGs. You can add diversity and multiple ideological standpoints to the mix.
At the heart of these impactful trends lies an unsettling unpredictability that has been coined “The New Normal”.
Data silos are a huge problem for your ability to collaborate, operate efficiently and deliver excellent customer experiences. However, multidomain master data management (MDM) can bring your data silos together and create new zones of insight.
This article will explore the relationship between product and supplier master data domains.
Read MoreFuel data-driven experiences to engage the empowered digital automotive customer
The road ahead is wide open. For automotive aftermarket companies, it means a strong shift into connected commerce, search, and expanded capabilities to reach consumers in digital channels. Product data has always been important but more comprehensive support of the customer journey and customer experience is needed.
Read MoreThe importance of data integrity in delivering an optimal digital experience for customers
Shopping behaviors shifted dramatically last year as consumers adopted more digital tactics across the entire shopping journey. Many consumers engaged in digital activities throughout the shopping process such as researching and purchasing products online or selecting different delivery options. These retail trends are here to stay, according to a McKinsey survey, which found that 71% of apparel shoppers and 66% of grocery shoppers who used digital shopping services for the first time during the Covid-19 crisis will continue to do so after it ends.
Read MoreTrustworthy, transparent data has never been more essential to business success than right here, right now
A healthy, well-run democracy is characterized by a willingness among its leaders to find common ground they can stand on in order to create a better future for its citizens. Despite the fact they often have different opinions on what actions need to be taken, experienced politicians know they can only succeed through collaboration. They also know success depends on being able to agree on some basic assumptions about what the facts are, and what they are not. It is otherwise impossible to make sustainable progress in a democracy.
Read MoreLessons learned and digital wins provide confidence for retail success this year
Over 20,000 leaders from retailers and brands convened this year for NRF’s Big Show. But for the first time in 110 years, it was completely virtual. Despite the challenges, NRF came through just as retail did in 2020 by innovating and pivoting to create an excellent experience. There were more than 130 sessions by 330 speakers from over 3,500 participating companies.
Read MoreDigital transformation... dare you risk not having the insight and the technology
According to Gartner1, "Seven out of 10 boards of directors responded to the COVID-19 crisis by accelerating digital business initiatives." Commentary from recently released 2021 Gartner Magic Quadrant for Master Data Management (MDM) Solutions1 supports this fact, concluding that "The MDM market continues to evolve and thrive as organizations seek to benefit from the business agility afforded by mastering their most critical data, particularly in times of change." You might be interested in reading the full report, of course. More on that later in this blog, or click here if you can't wait.
Read MoreAs manufacturers look back at 2020, they will reflect on the challenges, pivots, wins and new learnings. While many companies accelerated well designed solutions and employed them with success, others created stopgaps that were put in place rapidly to expand into new channels, launch new products and gain digital shelf distribution in new retail customers.
Read MoreA primary growth vector on the mind of many CIOs today are mergers and acquisitions. And many of these CIOs are in charge of managing a host of internal systems that share data. Establishing a single source of truth that can unite these systems in near real-time, so that operations can run seamlessly across old and new business units alike, is a challenge all of these CIOs face.
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