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Digital Business Models in the Age of the Customer Kristoer Okkels // Business Development Director // Creuna Headstart & Internet Week Denmark

Digital Business Models in the Age of the Customer

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Page 1: Digital Business Models in the Age of the Customer

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Digital Business Models in the Age of the Customer

Kristoffer Okkels // Business Development Director // Creuna

© Creuna

Headstart & Internet Week Denmark

Page 2: Digital Business Models in the Age of the Customer

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The age of the customer is all about

emerging excpectations © Creuna

Page 3: Digital Business Models in the Age of the Customer

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Expectations are rising…

© Creuna Uber Newsroom

The willingness to wait for an Uber drops from 8 to 5 minutes in one year.

Page 4: Digital Business Models in the Age of the Customer

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…and know no industry boundaries

© Creuna

Interfaces Selection Price/Quality Service

http://trenddriveninnovation.com/

Efficiency

Page 5: Digital Business Models in the Age of the Customer

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The age of the customer is also the

golden age of technology © Creuna

Page 6: Digital Business Models in the Age of the Customer

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Page 7: Digital Business Models in the Age of the Customer

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All companies are in the line of fire...

Production gets automated

Technology gets out-dated

Service gets virtualised

Experiences get digitised

© Creuna

Page 8: Digital Business Models in the Age of the Customer

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…and the boundaries between

products and services and the

digital and physical are getting blurry. © Creuna

Page 9: Digital Business Models in the Age of the Customer

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From independent entities…

© Creuna Forrester: How to Embrace New Digital Business Models

Online insurance

GPS navigation

Honda Civic

Repair Shop

Product

Service

Digital Physical

Auto Industry

Page 10: Digital Business Models in the Age of the Customer

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…to coherent experiences

© Creuna Forrester: How to Embrace New Digital Business Models

Model S app

GPS navigation

Model S

Charging Station

Product

Service

Digital Physical

Tesla

Page 11: Digital Business Models in the Age of the Customer

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Use behavioural and contextual data to make intelligent and dynamic pricing

© Creuna

Customer experience can go hand in hand with business process optimisation

Engage customers and create new revenue with valuable services and platforms

Page 12: Digital Business Models in the Age of the Customer

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Let behavioural data determine the price

© Creuna https://www.progressive.com/auto/snapshot/

Page 13: Digital Business Models in the Age of the Customer

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Use location data to control supply (and price)

© Creuna

Uber-efterspørgsel i New York City

“Prices go up to encourage more drivers to go online. The increase in price is proportionate to demand.”

Uber Blog & Washington Post

Page 14: Digital Business Models in the Age of the Customer

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Context is important for most products

© Creuna Ad Age

Page 15: Digital Business Models in the Age of the Customer

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Use behavioural and contextual data to make intelligent and dynamic pricing

© Creuna

Customer experience can go hand in hand with business process optimisation

Engage customers and create new revenue with valuable services and platforms

Page 16: Digital Business Models in the Age of the Customer

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•  Rolls Royce: power by the hour

•  Choice Hotels

Let sensors extend your product…

© Creuna Creative Tech

Page 17: Digital Business Models in the Age of the Customer

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…or digitise the decision-making process

© Creuna Future AG & Fast Company

Page 18: Digital Business Models in the Age of the Customer

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Empower the customer!

© Creuna QZ: Ralph Laurens High Tech Fitting Room

Customers tried on 6 times as many clothes

Cross-selling was increased by 80%

Page 19: Digital Business Models in the Age of the Customer

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Use behavioural and contextual data to make intelligent and dynamic pricing

© Creuna

Customer experience can go hand in hand with business process optimisation

Engage customers and create new revenue with valuable services and platforms

Page 20: Digital Business Models in the Age of the Customer

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Use the easy access to new customers…

© Creuna China Daily

The US export of

lobsters to China

has increased

from 15 to 675

mio. dkr. in 5 years.

Page 21: Digital Business Models in the Age of the Customer

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…but beware of disruptors

© Creuna https://www.instacart.com/ & http://www.lunarway.com/

Page 22: Digital Business Models in the Age of the Customer

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Meet customers’ desire for flexibility

© Creuna http://www.driveclutch.com/

Page 23: Digital Business Models in the Age of the Customer

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Turn big data into commercial assets

https://www.vestas.com/ve stasonline/

Breakeven on a 2-digit million dkr. investment in 8 months

Page 24: Digital Business Models in the Age of the Customer

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What should you do to meet the emerging expectations in the age of the customer?

© Creuna

Page 25: Digital Business Models in the Age of the Customer

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1.  Attract 2.  Acquire 3.  Retain 4.  Co-Create

Turn the brand into an

Ecosystem

© Creuna

14

32

Customer Experience

Page 26: Digital Business Models in the Age of the Customer

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Use the right technologies to create intelligent and consistent experiences and services…

Turn the brand into an

Ecosystem

© Creuna

Customer Experience

Technology

Page 27: Digital Business Models in the Age of the Customer

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...and create a united organization focusing on unprecedented customer-centricity.

Turn the brand into an

Ecosystem

© Creuna

Customer Experience

Technology

Organization

Page 28: Digital Business Models in the Age of the Customer

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Make a new slide to add or change the icons by using graphics from www.iconmonstr.com

Our five basic colours Yellow, Blue, Red, Green and Grey

These are the colours we use for backgrounds

Darker colours You’re basically free to use the different

saturations of the colours, but we still recommend these second to darkest ones

thanks for listening!

© Creuna

creuna.dk [email protected]

in/okkels slideshare.net/creuna +45 22 49 83 39

Kristoffer Okkels, Business Development Director