Documente Academic
Documente Profesional
Documente Cultură
Intelligence
Briefing
2017
Digital Trends
in B2B
in association with
Digital Intelligence
Briefing
2017
Digital Trends
in B2B
in association with
http://econsultancy.com
Copyright Econsultancy.com Ltd 2017 help@econsultancy.com Econsultancy Singapore
20 Collyer Quay
#23-01
Singapore
049319
Telephone:
+65 6653 1911
Contents
1 Executive summary. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
1
The 2,335 B2B respondents who took part in the 2017 Digital Trends survey were among a total of more than 14,000
digital marketing and ecommerce professionals from all sectors who participated, from countries across EMEA, North
America and Asia Pacific.
The gap in digital maturity between B2B This is likely a product of differing goals
and B2C organisations is well documented, and expectations between the two business
and can in part be supported by the findings types. B2C organisations are very aware
of this research: across eight key pillars of of the ever-increasing expectations of
digital success, B2B companies are less consumers, and the technologies and tools
likely than their B2C counterparts to say being used to market to these customers are
each is important to success. However, the often superior to those being used in the B2B
industry has recently been more optimistic world. Awareness of the extent of the digital
regarding the digital capabilities of B2B opportunity, and the steps needed in order
marketing2, and our survey results also to capitalise on it, is likely to be wider in
show that in terms of digital integration, B2B general in B2C, meaning B2C organisations
marketers are just as likely to view their downplay their assessment of digital
company as digital-first as their peers in B2C maturity. B2B companies are likely to do the
(12% vs. 11% respectively). opposite, bringing parity to the proportion of
each classing themselves as digital-first.
Figure 1: To what extent does digital permeate your own organisations marketing
activities?
19%
Digital marketing is very much separate 18%
21%
45%
Digital permeates most of our marketing activities 42%
44%
14%
Digital permeates all our marketing activities 19%
14%
14%
We are a digital-first organisation 12%
12%
8%
Don't know 9%
9%
2
https://econsultancy.com/blog/68474-b2b-digital-marketing-trends-for-2017-finally-catching-up-with-b2c/ and http://
contentmarketinginstitute.com/2016/09/content-marketing-research-b2b/
Sub-sector comparison
Figure 2: To what extent does digital permeate your own organisations marketing
activities?
28%
31%
Digital marketing is very much separate
16%
13%
40%
49%
Digital permeates most of our marketing activities
49%
47%
15%
9%
Digital permeates all our marketing activities
17%
16%
7%
2%
We are a digital-first organisation
10%
19%
10%
9%
Don't know
8%
5%
Econsultancy / Adobe Digital Intelligence Briefing Respondents: Healthcare and Pharma: 122
Manufacturing and Engineering: 232
Professional Services: 115 | Technology: 356
3
https://econsultancy.com/blog/68350-digital-transformation-in-a-b2b-giant-jp-morgan-ge/
Strategy encompasses many of the Process and culture are inherently linked
other elements in Figure 3. Without a building blocks of a good customer
comprehensive strategy, the various experience. Without a customer-first
components of the customer experience culture, where strategy, design, training
are unlikely to come together successfully. and technology investment are focused
Strategy is classed as important for success on the customer rather than the product,
by 76% of respondents, and 43% find it new processes around effective customer
difficult to master. Digital transformation is experience can be hard to implement.
a marathon in which the first few miles of
strategy setting are difficult, but arguably
most important. An ill thought-out strategy,
executed however well, will not lead to
success.
UX design
4
http://www.mckinsey.com/business-functions/marketing-and-sales/our-insights/measuring-b2bs-digital-gap
Figure 4: Please rank these five areas in order of priority for your organisation in 2017.
experience
B2B
B2B
B2B
channel
Cross-
optimisation
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
First choice Second choice Third choice
5
http://www.mckinsey.com/business-functions/marketing-and-sales/our-insights/measuring-b2bs-digital-gap
Figure 5: Proportion of respondents rating the following as very important for their
digital marketing over the next few years
66%
Ensuring consistency of message across channels
65%
40%
Using online data to optimise the offline experience
44%
31%
Using offline data to optimise the online experience
33%
Sub-sector comparison
Figure 6: Mobile priorities in 2017
14%
13%
12%
10%
10% 10%
9% 9%
8%
6%
6%
5% 5%
4%
2%
0%
Mobile optimisation Mobile app engagement
Healthcare and Pharmaceuticals Manufacturing and Engineering
Professional Services Technology
Econsultancy / Adobe Digital Intelligence Briefing Respondents: Healthcare and Pharma: 123
Manufacturing and Engineering: 231
Professional Services: 116 | Technology: 354
6
https://www.emarketer.com/Article/Smartphones-Key-UK-Internet-Users-Time-Spent-Online/1015167
7
https://www.salesforce.com/form/pdf/state-of-the-connected-customer.jsp
In the previous section, Figure 4 showed the Indeed, compared to last year, B2B
focus on data in B2B, which is a strategic marketers are less likely to say that data is
priority for nearly three-quarters (73%) of difficult to master (38% compared to 49% in
B2B brands, compared to 69% in B2C. Data 2016), and slightly more likely to use online
is a key strength of B2B; purchase cycles data to optimise the offline experience and
are typically longer, and they generally dont vice versa. Investment in data continues;
have the issue of a one-time-only offline Figure 7 shows that 50% of respondents
customer. B2B customers also typically plan to increase their budgets for marketing
pass on large quantities of identifiable data, analytics in 2017, and improving data
meaning data-driven marketing should be a analysis capabilities to better understand CX
simpler task. requirements is perceived to be the most
important factor in delivering a great CX over
the coming year.
Figure 7: Proportion of respondents saying they will increase their budget for these
digital marketing channels or disciplines in 2017
This focus on data is definitely positive for identify and win these key accounts, using
the B2B industry, as a strong data backbone personalised and highly targeted campaigns.
is key for customer experience optimisation
and targeted marketing. The latter is where Implementation of these ABM systems
the next trend in B2B marketing is expected, requires business-wide buy-in and relies on
following in the footsteps of B2C but with the the cultural changes discussed in Section
typical lag between the two. 2. Recreating the in-person conversations
typical of B2B in a digital manner, and
An increased use of targeting and driving these conversations towards a sale
personalisation in B2B is being achieved through personalised marketing at crucial
through the use of account-based marketing moments, requires sales and marketing
(ABM) and associated technologies. Based teams to collaborate and synchronise efforts.
on the idea that purchase decisions are This, and the investment in technology and
usually made after discussions between a training required, can be a barrier to smaller
small group of stakeholders, ABM is used to businesses, impacting ABMs uptake.
Figure 8: Where does your organisation place the highest emphasis in terms of
improving the customer experience?
32%
Making our experience as valuable as possible
28%
9%
Making our experience as safe and reliable as possible
12%
4%
Making our experience as fast as possible
6%
1%
Making our experience as fun / fulfilling as possible
3%
2%
Making our experience as mobile-friendly as possible
2%
3%
None of the above
4%
No matter how the question is asked, primary differentiator over the next five years
over the past couple of years customer (Figure 9), and optimising the CX is the most
experience (CX) has been selected by exciting opportunity for 21% this year.
the majority of marketers as their priority
and number one opportunity. There is no However, Figure 9 highlights the difference
question that marketing today is all about the in approach between B2B and B2C
individual customer, and the only fact that organisations: B2B brands are 27% less
differs in B2B is that the customer is likely to likely than their peers in B2C to use CX as
be a small group of decision makers rather a differentiator over the next five years, and
than one individual. the legacy B2B differentiator of product is
obvious, with over two-fifths focusing on
This research continues to support the product / service innovation (22%) or product
dominance of CX, finding that the discipline quality (21%).
is a strategic priority for the vast majority
(91%) of B2B brands (Figure 4), as they
strive for the value-add discussed in the
previous section. Almost a quarter (24%)
of B2B respondents selected CX as their
Figure 9: Over the next five years, what is the primary way your organisation will seek
to differentiate itself from competitors?
22%
Product / service innovation
14%
21%
Product / service quality
16%
3%
Mobile catering to mobile shoppers / buyers
5%
3%
Price
3%
3%
None of the above
2%
Figure 10: Which three digital-related areas are the top priorities for your organisation
in 2017?
Figure 11: Looking ahead, which of these do you regard as the most exciting prospect
for 2020?
5%
Voice interfaces e.g. Amazon Echo, Google Home
6%
6%
Other
4%
8
https://econsultancy.com/blog/68252-what-defines-a-great-customer-experience-for-b2b-companies/
9
http://www.nunwood.com/wp-content/uploads/dlm_uploads/2017/02/B2B-Customer-Experience-Winning-in-the-
Moments-that-Matter.pdf
10
https://www.demandbase.com/press-release/marketing-executives-predict-artificial-intelligence-will-revolutionize-
marketing-2020/
11
https://www.demandgenreport.com/features/industry-insights/dreamforce-2016-how-disruptive-will-ai-be-in-b2b-
technology/
Allow the digital research phase to translate While content marketing continues to be
into a purchase within the same journey. very important in B2B, you shouldnt create
B2B customers are increasingly expecting content for contents sake. Ensure that your
the same experiences they encounter in content is valuable, actionable and targeted
the B2C world when making a purchase. to specific decision makers and their likely
Professionals in 2017 spend the majority of barriers to purchase. Enabling streamlined
their time online, be it on a mobile device or workflows between creative and content
on desktop; capitalise on this opportunity by teams, facilitating the rapid creation and
meeting them there. deployment across multiple platforms, is
equally important.
2. Encourage internal collaboration
between sales and marketing 4. Plan for the arrival of AI by
to improve targeting and ensuring that your customer data
personalisation of campaigns is cleansed and consolidated
Marketing and sales have a pivotal role to The success of AI will only be as good as
play in the journey to digital transformation, the data it is using, so even if AI is not on the
so making sure that departmental imminent horizon for your business, being
boundaries dont get in the way of delivering data-ready will mean rapid success when its
a seamless, compelling customer experience use becomes mainstream.
is key. After all, the customers purchase
journey is a single evolving conversation
with the business rather than separate
conversations with various teams. Get on
board with the ABM wave, and use it to
change your company culture into one which
makes use of all channels and devices,
ensuring the experience is consistent
throughout.
40%
38%
35%
35%
30%
25%
20%
15%
14%
10%
9%
5%
2%
1% 1%
0%
North America Europe Asia Australia / New Middle East Africa Other
Zealand
UK 24%
Germany 18%
Sweden 9%
France 8%
Netherlands 5%
Belgium 5%
Denmark 4%
Italy 3%
Switzerland 3%
Norway 3%
Finland 2%
Austria 2%
Spain 1%
Other 13%
India 27%
Singapore 10%
Malaysia 6%
Thailand 4%
Philippines 3%
Taiwan 3%
China 2%
Indonesia 2%
Other 4%
Manager 37%
Board level 3%
VP / SVP / EVP 3%
Other 19%
Technology 21%
Print / Publishing 6%
Media 5%
Consumer Goods 3%
Automotive 3%
Government 3%
Telecoms 2%
Other 15%
30%
25%
25%
22%
20%
15%
15% 15%
12%
10% 11%
5%
0%
<1 million 1 10 million 10 50 million 50 150 150 million 1 More than 1
million billion billion
in association with
http://econsultancy.com
Copyright Econsultancy.com Ltd 2017 help@econsultancy.com Econsultancy Singapore
20 Collyer Quay
#23-01
Singapore
049319
Telephone:
+65 6653 1911