Showing posts with label Connect. Show all posts
Showing posts with label Connect. Show all posts

Sunday, September 4, 2011

To Build a Growth Business, Connect to the Cloud

In 1985, Sony was king. In 2011, it's Apple. Why the turn of fortunes? I contend that Apple was quickest to recognize that products as we knew them in 1985 were dead. While Sony was adding new buttons and knobs, Apple leveraged our new world of global connectivity. What was an iPod without iTunes? Definitely not the product that, in the end, killed the CD store.
Ultimately, each product will either evolve to include connectivity as a fundamental attribute or it will perish. In this new world of "connected products," a significant part of the user experience must be driven from the cloud. However, for many companies, the shift to connected products and leveraging the cloud won't be easy.
Here are a few tips on how companies can transform their businesses and get connected:
1. Keep your eyes on your business goals. When machines start talking, they don't stop. With literally millions of bits of data flying at you, it's easy to lose sight of why you got connected in the first place. Use a solution that captures only the data you need and presents it to you in a digestible manner.
2. Don't go it alone. If you knew what you didn't know about developing a connecting product, your jaw would hit the ground. I can't tell you how many times I've seen a company spend years and millions of dollars trying to connect their products, only to be stymied by security or scalability problems. If you leverage proven cloud-software platforms instead of trying to build a custom solution yourself. It will save you time and money and let you focus on your core area of expertise, rather than technical issues.
3. Be creative. When one forward-thinking traffic-sign manufacturer got connected, its leaders thought: "Let's make the signs' messages adjustable online." Once the ideas started flowing, they came up with layers of new, dynamic services such as tracking and transmitting traffic data, measuring power levels, validating location, and managing issues of tampering. In a short period of time, connectivity has successfully transformed the company from a hardware manufacturer to a solution provider. They no longer compete on the speeds and feeds of their signs, but rather on the value-added services and information they can provide to municipalities they serve.
Dale Calder
Founder
Axeda
Foxboro, Mass.
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Saturday, September 3, 2011

Connect Your C-Suite to Your Customers

Executive team members can benefit significantly by putting customers first and getting to know them better. Here are suggestions for making the connections happen:
1. Move research from ignored to inspired. Elevate the importance of research and ensure it is a function that informs all areas of your business. Insist that content and presentations be insightful, engaging, and actionable, fueling decision-making. Ban PowerPoint and insist on conversations rather than presentations.
2. Move research from analytical to directional. Research is often overlooked or quickly forgotten because the presentations are data-driven and dry. Insist that all forms of research be delivered with data-driven insights presented with clear implications and provocative questions to inspire new thinking.
3. Move from research that illustrates statistics to stories that profile people. Bring your customers to life in a way people can understand and relate to. Insist that profiles are created that show them as real people, with all facets of their lives clearly illustrated to help connect your company to the way your customers live their lives.
4. Move from static to dynamic research. Ensure you have an active portfolio of research methodologies that provide you with regular and directionally informative updates about the needs, wants, opinions, behaviors, habits, and concerns of the people who buy your products.
5. Transform data into business intelligence. Develop a dashboard model that connects all of your data so it tells a story and becomes a predictive tool that models scenarios for business performance, business decisions, and strategy development. The model should connect sales and traffic performance data with indicators that are combined to help you understand how your customers are changing.
Shawn Parr
Chief Executive Officer
Bulldog Drummond
San Diego
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