The #AIIM15 Digital Transformation Hot Seat: Doing Business in the Customer-Driven Era
As we start to think about #AIIM15, I thought I would ask a number of our sponsors a few identical questions in order to get an understanding of how they see the future of our industry -- and let those of you attending start to think about your own questions to ask them in San Diego. Here are the three questions I'll ask:
- What are the three biggest challenges you see your customers facing while trying to “Embrace the Chaos”?
- What do you see as the three most important trends related to Information Management facing organizations over the next 18-24 months? What will be different in our industry two years from now?
- What are the three most important things attendees should know about your company?
David Caldeira, Senior Vice President of Product and Solutions Marketing at Kofax, says we're living in the Customer-Driven Era. Customers expect your organization to be available to them day or night, forcing companies to be more agile and responsive than ever.
What are the three biggest challenges you see your customers facing while trying to “Embrace the Chaos”?
The biggest challenge that we at Kofax see our customers struggling with is the crucial need to increase their business agility to better serve rapidly changing customer demands. This has always been a problem for businesses, but with the advent of mobile-first customers the pace of change has accelerated the need for businesses to keep pace.
Closely related to the challenges to meet the demands of mobile-first customers are the challenges that our customers face to extend their back-end business processes beyond their front offices and corporate firewalls to directly engage their customers at the point at which information originates. The gaps between back office, front office and customer self-service processes must be closed to provide the services their clients demand.
Finally, we see our clients struggling to process the deluge of information that is flooding them. Clients are swamped with information, some of which is meaningful and some of which is noise. Keeping up with this fire hose of data is a challenge in itself that's compounded by the challenge to act on the information while it is still relevant.
What do you see as the three most important trends related to Information Management facing organizations over the next 18-24 months? What will be different in our industry two years from now?
Trend 1: Customer-Driven Engagement
Customers today want to interact with businesses on their terms, any way and anytime they want… and expect immediate, high-quality service.
In order to survive, let alone succeed, in the customer-driven era, every company must become more nimble and responsive. With their always on, persistently connected smart devices, customers expect your organization to be there for them whenever they want, regardless of time, channel or geography. This is driving a digital business imperative, compelling organizations across all industries to digitize both their business and the manner in which they engage with customers.
Trend 2: Process Intelligence
Each end customer expects to be treated individually and no longer tolerates a standard, fixed process for doing business—and if confronted with that, they can very easily (usually at the swipe of a finger on their mobile device) switch to a competitor.
Given this dynamic environment, it’s becoming increasingly important to have the tools to monitor and mine the information created, and provide the business with real-time dashboards that deliver the ability to react to changing conditions. The real-time nature of this requirement is essential as it provides the context for quality decision making. A critical need here is for business users to design and implement this analysis capability, and not be burdened by the time and cost that comes with traditional business intelligence infrastructures.
Trend 3: Smart Process Applications
Traditional packaged applications simply don't meet the expectations of today's customers and of your own employees.
The goal of smart process applications (SPAs) is to deliver much more intelligence, dynamically and in real time, into the system to allow users to adapt to the unique information and events that are happening on every transaction. Multiple approaches to analyzing information (structured, unstructured, historical and predictive as examples) and providing input and guidance to decisions are critical.
Knowledge workers are essential to delivering business outcomes that will delight the end customer. SPAs must empower those knowledge workers with the right information, presented in context of the unique customer situation, so they can perform the right work necessary to get the job done. This means very flexible work management concepts, with a high degree of collaboration and dynamic processing, versus traditional, predictable workflows.
SPAs easily fill gaps between the systems of engagement and the systems of record. They support all of the organization’s channels of interaction and allow their customers to traverse these channels, including a mobile-first approach, while leveraging the information and transaction capabilities of the monolithic back-office systems that are difficult to change.
What will be different in two years?
Our crystal ball is seeing pretty much the same view as yours. Disruptive changes to the nature of people's work and to the channels through which they perform that work.
Two Gartner predictions support this view:
- By 2017, US mobile commerce revenue will comprise 50% of US digital commerce revenue.
- By 2018 digital business requires 59% less business process workers and 500% more key digital business jobs compared to traditional models.
Work isn't going away, but with the automation of the mundane it's nature will qualitatively change. Most workers will directly engage their clients - through the client's preferred channels - and our systems must change to support those engagements.
What are the three most important things attendees should know about your company?
Kofax is much more than a capture company.
- Kofax is a leading provider of software to simplify and transform the First Mile™ of customer engagement.
- Kofax TotalAgility, our award-winning process automation platform, has been recognized by leading analyst firms including Gartner and Forrester.
- More than 20,000 customers, including the vast majority of the Global Fortune 100, use enterprise-ready software from Kofax to help automate and streamline their business processes for competitive advantage and growth.
About John Mancini
John Mancini is the President of Content Results, LLC and the Past President of AIIM. He is a well-known author, speaker, and advisor on information management, digital transformation and intelligent automation. John is a frequent keynote speaker and author of more than 30 eBooks on a variety of topics. He can be found on Twitter, LinkedIn and Facebook as jmancini77. Recent keynote topics include: The Stairway to Digital Transformation Navigating Disruptive Waters — 4 Things You Need to Know to Build Your Digital Transformation Strategy Getting Ahead of the Digital Transformation Curve Viewing Information Management Through a New Lens Digital Disruption: 6 Strategies to Avoid Being “Blockbustered” Specialties: Keynote speaker and writer on AI, RPA, intelligent Information Management, Intelligent Automation and Digital Transformation. Consensus-building with Boards to create strategic focus, action, and accountability. Extensive public speaking and public relations work Conversant and experienced in major technology issues and trends. Expert on inbound and content marketing, particularly in an association environment and on the Hubspot platform. John is a Phi Beta Kappa graduate of the College of William and Mary, and holds an M.A. in Public Policy from the Woodrow Wilson School at Princeton University.