New IDC maturityscape provides a framework for business and it executives to evaluate the status of their digital commerce strategy
Jun 27, 2016
International Data Corporation (IDC) believes that organizations who develop, implement, and successfully execute a holistic digital commerce strategy will capture and maintain competitive advantage. A new IDC MaturityScape report provides senior leadership with a framework to assess the maturity level of their digital strategy, define the digital commerce needs and goals of their organization, and understand the key components of digital commerce across all dimensions in their organization.
Digital commerce refers to the interactions between and among multiple parties, enabled by 3rd Platform technologies (cloud services, analytics, mobile, social, robotics, or next-generation security technologies), for the purposes of exchanging content and goods for other forms of value like payments. Digital commerce can be used to discover business opportunities, formulate offers, sell and deliver products and services online or in physical locations. However, digital commerce is much more than simply having a pleasing online experience or mobile app. It involves the seamless interaction of systems, data, and humans to achieve consistent and truly holistic commerce experience.
"In the digital era, customers, which include consumers, businesses, employees, and partners, look for interactions with commerce partners in ways that limit friction, are empowering, and deliver an exceptional experience," said Vanessa Thompson, research vice president, Communities & Collaboration. "Participants in digital commerce have high expectations for marketing and transacting and a low tolerance for poor marketing, pricing, and selling approaches. The notion that we can transact wherever and whenever we like is accelerating customer response expectations and lightweight commerce approaches, like conversational commerce, will soon become pervasive."
To help business leaders assess the current state of their digital strategy, IDC provides a description of and the business outcomes for five stages of maturity: Ad Hoc, Opportunistic, Repeatable, Managed, and Optimized. In turn, each stage is built upon four key dimensions: People, Process, Technology, and Vision. By evaluating the dimensions in each stage, business leaders can better determine how far along their digital strategy is as well as their organization's strengths, weaknesses and areas for improvement. Delivering a modern and flexible platform for digital commerce should be a priority and success requires that each dimension of the model be openly addressed.
"Digital commerce is continuously being defined and reinvented by 3rd Platform technologies, and while there is an extremely important role that technology can play in competitive differentiation, technology alone will not guarantee success," noted Thompson.
The IDC report, Digital Strategy – Commerce, 2016 (Doc #US41478416), describes the IDC Digital Commerce MaturityScape framework, identifying the stages, critical measures, business outcomes, and actions required for organizations to effectively develop digital commerce competency. The study also provides guidance on how organizations can advance along the five maturity stages to maximize the benefits from enabling digital commerce.
About IDC MaturityScape
IDC MaturityScape reports provide a detailed explanation of the stages of 3rd Platform adoption from the simplest, unstructured ad hoc stage to the advanced, systematized optimized level. IDC MaturityScape reports offer an opportunity for CIOs and their enterprise partners to have a structured way to identify their current level of capability, or maturity, and the gap between where they are and where they want (or need) to be to maintain competitive balance or achieve industry superiority. Combined with focused IDC research, benchmarking, expert insights, and an ongoing commitment to developing forward-thinking 3rd Platform insights, IDC MaturityScapes can be a critical cog in enabling the CIO role in the enterprise.
Stay up to date with the latest industry developments: sign up to receive TelecomTV's top news and videos plus exclusive subscriber-only content direct to your inbox – including our daily news briefing and weekly wrap.