Digital transformation has been a top business priority for years; however, more than 50% of all these projects today fail. The cause? Lack of strategic alignment and not enough investment at the executive level. According to a 2019 Mckinsey& Company survey, 70% of digital transformation projects fail due to lack of leadership and poor business communication. When projects fail, it’s not because a business didn’t have the right product or solution, but they lacked the scope of support and insight into the true value these products deliver to the business.
Reaching customers in today's environment requires an organization to have full awareness and jurisdiction over its entire digital ecosystem. People are interacting with brands everywhere from smartphones to social media to chatbots and in-store kiosks. To differentiate on offering superior, holistic experiences, companies must look beyond the value of each individual tool to understand how these channels combine to impact the customer experience and unlock new opportunities to do more.
Investing in Digital Experience Grows Long-Term Value
The total potential of the customer experience is infinitely more valuable than the sum of its parts. To win in the experience economy, every brand needs a Digital Experience Platform (DXP) at the core of its operations to seamlessly engage customers across every channel and adapt to new technologies as soon as they arrive on the scene. At Acquia, we believe that an open DXP is the future of digital experience, and our partners will only be able to fully serve their clients and deploy experiences today’s customers want by investing in a practice that is actively intertwined with every point in the customer journey. As DXPs become a necessity across all business operations, organizations will be expected to understand not just the individual technologies (marketing automation, site building, customer data platforms, etc.), but they’ll need deep insight into how all of these technologies work together and, moreover, how they can be built upon to generate ROI and reveal potential opportunities with future solutions. Rather than taking a product-first approach to solving a problem, practices focus on developing skills and lines of communications that transform the way the entire organization thinks about their digital ecosystem.
A DX practice is not a single team of expert developers or a set of tools. It’s a collaborative community of technical talent, sales leaders, partner managers and business stakeholders all aligned around a joint strategy to win new business and grow their influence in the market by continuously unearthing fresh, compounding value. The majority of today’s digital leaders already have an assortment of martech products at their disposal from CRMs to Commerce engines; personalization tools to analytics dashboards, but tech without strategy isn’t worth much. A practice offers an additional layer of connective tissue and understanding. Bringing those sales and marketing and customer success insights to the forefront allows partners to see beyond the standard capability of the platform and system itself and understand how each piece will drive ROI for the end user. This means they’ll be able to offer clients strategic recommendations informed by data, earning trust and influencing more valuable bookings.
A well-run practice doesn’t just apply a product to solve a problem. Rather, partner practices leverage experts who understand the entire structure of how to determine and implement the best solutions and continue to follow up and uncover new opportunities long after the project has been delivered. Equipped with our in-depth range of services and digital experience capabilities, Acquia and our partners are providing the building blocks for everything from digital strategy and consulting, change management blueprints, implementation projects and ongoing optimization efforts that evolve and bend to suit the future needs of their own customers.
Collaboration Empowers Mutual Success at Scale
Now that you know how a digital experience practice elevates your offerings with clients and delivers proof of value across every line of business, how can you take action? Acquia is owning our partner-first commitment and opening up our knowledge and extensive experience with our partner teams through Acquia Partner Practices. These partner practices, centered on the flexible, future-ready capabilities of our open DXP platform empower partners to build broad and deep centers of excellence at the heart of their operations so that they can go on to deliver consistent growth directly to their clients. Our Practice Development program understands the combined value of joint successes and is focused on driving business growth with and through Acquia. In addition to strengthening communication with our partner managers, our Practice Development Managers collaborate with partners to tap into opportunities for new business and enable more high margin services.