How Accenture Interactive is poised to eat the ad agency’s lunch in Japan | Analysis | Campaign Asia

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Clients have never had more choice when it comes to who is going to help them build their brands.

That is good and bad. For many, the vast array of services on offer is downright confusing, and the idea of a one-stop shop that can handle everything has become very desirable again.

In Japan of course, the ‘big three’ have long fulfilled that role for brands. But as demands change, even companies like Dentsu are scrambling to build consultancy-like services into their offering. As they do, the consultancies they are trying to emulate are quietly but quickly becoming more creative.

Just this week, Accenture continued its acquisition spree by adding The Monkeys, a creatively acclaimed Australian advertising agency, to its Accenture Interactive subsidiary. But globally, the company underscored its creative ambitions in November with the purchase of Karmarama, one of the UK’s most respected independent agencies.

At the time, Brian Whipple, head of Accenture Interactive, said the move would “help us reshape how brands imagine, create and deliver customer experiences”. That followed the acquisition of Fjord, a global service design consultancy, in 2013, and Chaotic Moon, a digital studio that also does product design, in 2015.

Read all: How Accenture Interactive is poised to eat the ad agency’s lunch in Japan | Analysis | Campaign Asia

My point of view: as often stated before many marketing organizations and professionals will be disrupted by new entrants and molochs like Accenture incorporating the new entrants.

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Accenture strategy: Harnessing Revolution Creating the future workforce

 

Digital has already delivered a major blow to businesses slow to respond. There’s more to come. The very concept of work is being redefined as different generations enter and exit the workforce amidst a rapidly changing technological landscape. Responsive and responsible leaders must act to harness the power of the Fourth Industrial Revolution for long-term advantage and shareholder value. Mindful to put their people first, at the center of change. The new leadership imperative is clea4.

My point of view: this blog is about the workforce of the future. But – not like Accenture – i believe one has to harvest the rapid evolution in society and technology.

INSEAD Knowledge: A Framework for Driving #Digital #Transformation |

Leading an organisation’s digital transformation requires simultaneously tackling three questions.

With digital disruption no longer a question of “if” but “when”, CEOs are increasingly focused on transforming their organisations to reap the benefits, and meet the challenges brought by the successive waves of technological innovations.

Over the last two decades, disruptions have taken various forms: from social media platforms empowering customers, to the internet of things equipping objects with the ability to create, send and receive data.

New ecosystems and business models have evolved, redesigning the competitive landscapes across industries.

At its core, the disruptive nature of digital technologies stems from their ability to significantly reduce information asymmetry between different actors within an ecosystem (such as a driver and a potential passenger, or a lender and a borrower) by making information instantaneously and easily accessible.

Digitally transforming an organisation and capturing these opportunities is often challenging as it requires C-suite executives and entrepreneurs to identify possibilities and drive change concurrently in three areas where digital technologies are can make significant differences and change the face of organisations.·

Intelligence

Seeing digital data as a source of insight and using this data in knowledge-creation processes to create competitive advantages.·

Integration

Leveraging digital channels to transform organisational processes and create agility.

Impact

Rethinking how digital dynamics can improve a company’s value proposition.

To successfully lead the digital transformation across these three building blocks, leaders need to measure their progress and the extent through which their organisation has embraced change, from an initiation phase (focusing on the discovery of new opportunities) to a ritualisation phase (looking at ways to interact with the digital ecosystem) and to a final internalisation phase (prioritising digital solutions; see table below).

Only then can they assess where they lag behind and where they are on par or ahead, and establish a roadmap for moving the digital transformation forward.

Intelligence

With search engines such as Google processing a staggering 3.5 billion requests a day and massive quantities of content available through social media, digital data represents the richest reservoir of insights that has ever existed. Building intelligence capabilities based on this data starts with social listening.

This initiation stage thus typically involves acquiring basic social media analytical skills giving instant access to online conversations and activities about brands and topics.

For instance, when the power went out during the Super Bowl 2013, it only took a few minutes for creative teams at Oreo to post a tweet featuring an Oreo cookie and the caption “You can still dunk in the Dark”. The quick response successfully grasped the attention of spectators, many of whom were already on social media to pass the time during the power outage.

Read all: A Framework for Driving Digital Transformation | INSEAD Knowledge