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The New Normal is
about all things we call "digital". The next ten, twenty and thirty
years will be marked by an ever increasing digital world and society,
but there will be some fundamental shifts in our behavior and our
adoption of technology. Justin Rattner, Vice President and Chief
Technology Officer of Intel: "The next 40 years will blow you away, and
will make the past 40 years look pretty tame."
From now on, digital is the norm. Analogue is what's really
special nowadays. In the New Normal, access to technology is a
commodity, and you will have to focus on other skills in your
organisation to make the difference. These changes aren't IT changes;
they are business changes. The core question is: "Can the product or
service that your company offers be digitized?"
According to Hinssen the future can be characterised by the following postulates:
- Zero Tolerance for Digital Failure
Users understand the capacity and perfectibility of the
digital world, and accordingly demand that digital offerings be 100%
reliable. Without digital, we can barely function. So digital has to be
available and working all the time. The more we depend on digital, the
more we can't afford for digital to fail. Digital failure in the New
Normal is more than just inconvenient: it is scary.
- Good Enough Beats Perfect
Speed, ease and availability become more important than
perfection. Velocity trumps perfection in the New Normal, or in other
words: Welcome to the era of good enough technology. The perfect is the
enemy of the good, especially if the good is cheaper, faster, or more
convenient. One of the disappointments of the home electronics industry
is the fact that Blu-Ray didn't take off as anticipated. The reason is
quite simple: for most people, the DVD is good enough.
- The Era of Total Accountability
Not only has the advertising industry finally found a
mechanism to turn from mass-orientation towards individual one-to-one
marketing, but also we can now measure the effectiveness of advertising.
The Internet is a mass medium, but allows companies to engage in almost
tailor-made interactions and dialogues with their customers. The
benefits are huge: it is much more valuable for advertisers to reach one
interested potential customer than it is to irritate ninety-nine
others. Today, the feedback is instant. You launch an ad campaign on a
website and instantly see how many people are clicking on the banner,
engaging in your dialogue and being captured by your content. Everything
is digital, so everything is measurable. Adds Roland Rex: "Packaging
can contribute a decisive factor here; by marketing loading the
packaging with services which can be measured immediately – via QR and
other codes."
- Abandon Absolute Control
Org-charts are getting flatter. Wikipedia is bottom-up, and
Facebook is side-to-side. Also, machines are capable of handling an
increasing number of narrow tasks more efficiently than humans. The New
Normal is a time for letting go. The world of the New Normal is a realm
where bottom-up behavior thrives. According to an investigation reported
in the scientific journal "Nature" in 2005, scientific articles in
Wikipedia come close to the level of accuracy of Encyclopaedia
Britannica. So Wikipedia is also an example of good enough technology in
the knowledge sphere. The New Normal is a place where we have to
abandon the old "absolute control" thinking. We will not be able to
exercise absolute control over companies, consumers, employees or even
experiences.
- Content is no longer king, contact is
Millions of people out there are not just playing the role of
"information receiver", but playing the role of "creator", or
"distributor" of content. And indeed, in the New Normal you now have
hundreds of millions of potential content producers. Consumers will
still want to be treated as kings, but will value the quality of the
interaction as paramount. The new name of the game is "contact". In the
"age of you", consumer attention has become the most valuable resource.
The way a company will interact, the way a company will respond, the way
a company will "handle" the dialogue, that will become the determining
factor in how companies are perceived and valued by the consumer.
We mistakenly assume that digitizing interactions is just a
clear path to improved service, because interactions will be quicker and
more convenient for the customer. This is only part of the puzzle.
Although customers will expect the ability to interact with you at their
convenience, on their terms, they will also expect the digital
experience to be seamless and interesting. Say Jeff Bezos, the founder
an CEO of Amazon: "We see our customers as invited guests to a party,
and we are the hosts." Recognising that each individual consumer is the
centre of his own customised world is necessary to survive in the New
Normal.
For a long time, we used Paretos's Law – the 80/20 rule – and
interpreted it as a focus on a limited set of customers who represent
80% of sales, and forget about the rest. In the New Normal, we know that
this is no longer valid; although the head is low hanging fruit, the
tail – the opportunity to address niche markets – is where you make the
difference. The tail is where you will find those customers who, if
treated well, will turn into acolytes of your organisation.
To be successful in the "New Normal" says Hinssen, you need to be able to answer the following questions for your business:
- What is your digital loyalty strategy?
- How will you leverage customer participation?
- What is your content-to-services strategy?
- What is your community dialogue strategy?
- What is your long tail mechanism?
Back to Roland Rex: "The carton is an especially suited
"dialogue partner" for all target groups as carton offers the best
presentation platform of all materials in terms of surface design. Also:
sustainability and resource efficiency, especially of cartons, are just
as "normal" today as everything digital."
Source: Peter Hinssen, The New Normal. Explore the Limits of the Digital World. Mach Media, Gent 2012 |
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