BORN Group’s Year in Review

BORN Group’s Year in Review

On our one year anniversary of being acquired by Tech Mahindra, BORN Group reports a transformative year looking back at our expansion of services and accolades as an agency. In face of the pandemic, BORN has kept buoyant, thrived, and secured landmark wins and awards to continue its status as the most decorated agency of its class.

BORN commanded over thirty-seven award wins throughout 2020. Client work with brands like Starbucks, Cadbury, Digi, Frette, Tata Cliq, Tata Cliq Luxury, Tata Tetley, Love Bonito, Changi Airport Group, and Sour Patch Kids enjoyed high honors across the globe, receiving distinctions from the Communicator Awards, the Lovies, the FoxGlove Awards, Campaign India Digital Crest, the dotComm Awards, the Mob-Ex Awards, and the Digies. These wins centered around delivering excellent UI/UX, cultivating best practices, and ensuring best consumer engagement for these marquee brands.

As an agency, BORN Group received various commendations, winning Gold for Best Digital Consulting Agency of the Global Brand Magazine Awards, Company of the Year in Advertising, Marketing, and Public Relations by the International Business Awards, an Agency of the Year Finalist by the Drum Awards, and named advertising + Marketing Research Agency and Brand and Design Agency of the Year. BORN Group’s CEO, Dilip Keshu, was also distinguished as an Entrepreneur of the Year by the International Business Awards, otherwise known as the Stevies, while the agency also enjoyed numerous accolades via partner awards, namely in receiving the SAP APJ Excellence Award 2020 for SAP Customer Experience, Most Innovative Partner of the Year Award by the 2020 Bloomreach Awards, and Best User Experience and Design by the BigCommerce 2020 Partner Awards.

As part of its acquisition by Tech Mahindra, BORN Group undertook a complete digital overhaul to capture their full suite of offerings, verticals, and 80+ comprehensive case studies. The new site was recently awarded multiple CSS Design Awards for Best UX Design, Best UI Design, and Best Innovation, along with an honorable mention from the awwwards. 

Behind all these accolades were our fearless BORNies. With over eighty new hires this year, including key hires in management positions with the additions of, Minna Rhee, Managing Director, North America, Reji James, Head of Managed Services, North America and Dustin Holmstrom, Head of Digital Architecture, we’re proud to note our team grew despite the many challenges of 2020. Finally, BORN came together to build and deploy state of the art strategic frameworks in Stella and SMOC, and pledged support toward change through contributions to the BORN Equality Fund.

With 2021 on the horizon, we look to move towards a post-pandemic world more resilient and able than ever.

As we say here at BORN, onwards and upwards!

Insights, Trends, and Predictions for 2021

Insights, Trends, and Predictions for 2021

The next few months should see us at the cusp of a post-pandemic economy – with multiple vaccines looming over the horizon, there is a light at the end of the tunnel for another tumultuous year globally – a new US President and people adjusting to a post pandemic world. There’s a few trends born out of the disruptions over the year to note when considering the state of eCommerce moving into 2021, and I’ve decided to highlight what we believe are the five most important trends. Of course, I hasten to add, every single one of my predictions could be wrong. I have learned at a very young age that I have no orbuculum at my disposal and my scrying is a game of dice!  

Each trend connects with a greater cluster of users, from the consumer all the way to the integrity of the digital economy, so understanding each pillar of these predictions can go a long way in preparing for future disruptions and innovations ahead.

Hyper-personalizations: Considering the Consumer Alone

As buyer profiles grow more and more distinct with the aggregation of big data and the development of machine learning, hyper-personalization is a vital component of building modern customer experience. The world will move from broad segmentation to one to one marketing as the technology to further target content to the individual advances. We’ve begun to see this already to great effect in social media eCommerce as platforms like TikTok and Instagram have mastered the endless scroll via tailoring content specific to the individual, and now we see clear opportunities for early adopters in both B2B and B2C spaces to capture significant growth. Marketing to broad segments like Millennials or Baby Boomers won’t do. Everyone in these segments is unique so think about how you deliver 1:1 personalization. 

The Elastic Enterprise: Reevaluating Business Models

With demand and supply becoming global, business models will change. We will see more Direct to Consumer (DTC) and composite hybrids – B2B, B2C and B2B2C power the digital economy. Both DTC and B2B2C are now proven business models that have challenged conventional wisdoms in eCommerce and thrived in the wake of their disruption. Throughout the pandemic, DTC models have transformed household essentials into subscription based services that are tailored to one’s needs and personalized to their wants. B2B2C models on the other hand have allowed businesses to specialize in providing services to other smaller businesses who you may engage – like an air conditioning supplier (B) who works with the small business contractor (b) you (c) trust. 

The Longitudinal Book of Record: Understanding Connected Data Science

So I know your name and email. Over time I get to know your preferences.I keep building the small stub of information I have on you- like building a longitudinal book of record. Omnichannel has long been an established pillar of the digital economy, but going into the next decade, connected channels and the data science behind them will only skyrocket in significance. Companies will rely on building an infinitely extendable longitudinal book of record by collecting and compiling data from various channels – connected channels will be the next big thing. Efficient and effective CRMs, OMS’, and ERP solutions will help ensure that a business has that central node by which all customer interactions can connect towards. Building that book of record is the key piece in accumulating and executing the data to accomplish the sort of CX transformations like hyper-personalization that distinguish one commerce practice from another.

The Speed of the Human Mind: Powering Mass Consumption Instantly via 5G

Infrastructure across nations, cities, homes and businesses will upgrade to 5G to cater to mass consumption of information, instantly, everywhere, and as a result, the consequences to the digital economy will be staggering. Already we’ve seen brick and mortar rapidly erode from its conventional use-case as the nexus of shopping into a portal of customer experiences and tailored moments to match robust eCommerce solutions. 5G and the ensuing wave of digital infrastructure will only accelerate those trends further as it becomes even easier to search, engage, and purchase via any electronic device. Furthermore, that digital infrastructure can capture new consumer markets globally, putting more emphasis on useful technologies that can ensure fulfillment and tax liability across the world. So are you ready to deliver rich media. Chips, computers, phones, infra and 5G are ready to deliver it. 

Resilience: Safeguarding Your Business and the Digital Economy

All it took is one pandemic to change the nature of business irrevocably. Companies will seek to protect themselves from such events – a mindset to be battle ready in all circumstances has emerged. Both digital security protocols and multiple routes of fulfillment will be top of mind for businesses as the world moves closer to a pandemic vaccine. Tools to ensure credit monitoring and ID theft protection will find more and more value as we tilt even further into a digital first economy.

All in all, these insights reveal a commanding trend towards leveraging new technologies to heighten CX in the space. Between personalization, distribution, speed, and safety, disruption comes in many waves that each elevate a business towards the most efficient and effective commerce experience. We’re excited to implement these insights and heighten the brands we work with over the next years, and capture our onwards and upwards sentiment with the changing digital economy. In short: is your business capable of change. Rapidly. 

Best Practices: CPQ (Configure, Price, Quote)

Best Practices:
CPQ (Configure, Price, Quote)

Use CPQ (Configure, Price, Quote) Wisely!

In recent years, businesses have adopted to CPQ (Configure, Price, Quote) systems to provide configurable products as a personalization option for their customers. CPQ systems provide the flexibility for a customer to mix and match options available for a product they are interested in while simultaneously delivering a personalized end-to-end buying experience. Its also important to be mindful of launching the right strategy for CPQ functionality for your end customer, with a well thought out roadmap based on an array of factors including, customer behavior, business needs, and market trends. 

With that said, the adoption of CPQ isn’t necessarily for everyone, but it’s critical to start by answering the broad question, ‘Will this offering really accommodate and help the customer to make their buying decision?’ As we keep the customer at the center of everything we do, it’s critical to make the path to purchase completely seamless while simultaneously empowering the user. 

In most cases, the adoption of a CPQ strategy will have a direct impact on conversion rates and revenue. If the right CPQ strategy is not rolled out for the market segment that you are targeting it could spell disaster on conversion rates. Also, the longer it takes for the customer to complete the buying journey could directly impact the revenue. 

The broader considerations can be split further into more granular aspects as listed:

Customer Behavior

  • Age of the customers interacting actively with the brand.
  • The cultural background of the end customers.
  • Existing brand engagement metrics.
  • Market sentiments towards the brand.

Business Needs

  • Challenges in maintaining Product data.
  • Challenges in materials procurement.
  • Challenges in stock allocation.
  • Challenges in production for pre-configured items with demand.
  • Challenges in the maintenance of pricing for pre-configured products.

Upcoming Market-Trends

  • Trends are driven by social media and networking.
  • Innovation or market disruptions related to the product lines.
  • Transparency on pricing options.

It has become essential for businesses to strike a balance on having the right mix of options, messaging, and possibly gamification of the customer buying journey for a configurable product and also make it responsive enough to be delivered to any digital touchpoint where the customer interacts with the brand. Also, in addition to rolling out a product personalization feature to the customer, it is also important to monitor the interactions of the end customer with the CPQ feature. This provides valuable insights to allow you to improve upon your offering to ultimately enhance customer experience and conversion rates.

Apart from the major business considerations, it is equally important to choose the right CPQ product and eCommerce stack that can work well with your backend systems (ERP, CRM, etc.).  

All the above-mentioned considerations, analysis and decision making can seem intimidating. Here at BORN Group we specialize in CPQ and can help you to navigate a rollout strategy along with ongoing maintenance. Please feel free to reach out to Mackenzie Johnson, [email protected] for more information on our service offerings. 

Deck The Site: How to Approach and Market Holiday Shopping

Deck The Site: How to Approach and Market Holiday Shopping

Despite a troubling job market and looming election, according to a report from Deloitte, sales this season in the US are expected to grow between 1% and 1.5%1.This push is expected to be driven by increased spending from high-income households with fewer avenues for consumption, now that experiential spending on dining and travel have been curtailed2. Wealthy households are expected to have an impact of between 2.5% and 3% growth on sales.

It’s less about the 4Ps of marketing – product, price, place and promotion – when targeting online shoppers. One analyst called the new strategies “prepare, perceive and then pursue”3. During the course of this year, it has been proven that retailers that already had invested in omnichannel capabilities were better equipped to pivot to the change in customer shopping habits. This meant providing full omnichannel capabilities, like curbside delivery to accommodate the current conditions. However, there are a few things to keep in mind about approaching and marketing this season in particular.

A Longer Season 

Getting into the holiday spirit early is going to be the mantra of most people. Analysts expected that the holiday season would be extended this year and start early October4. Amazon’s Prime Shopping Day that took place October 13-14 – pushed back from its usual July dates – kicked off the season, though other retail brands such as Target, Walmart and Best Buy were offering deals in advance of that. Amazon said its independent third-party sellers alone clocked up US$3.5 billion worth of sales, an increase of 60% from last year’s Prime Day5. Retailers and logistics partners are  also pushing for shoppers to start their shopping early to avoid last minute delivery issues, while many shops are closed on Thanksgiving Day, making Black Friday less of a landmark date than it has been previously. 

Logistics, Last-Mile and Fulfillment

With an increase in online shopping comes added strain on the logistics industry. Salesforce believes that shipping surcharges will be imposed between November 15 and January 15 globally6. Retailers are beefing up their call centers and warehouses with more workers, investing in additional warehouse space to accommodate extra stock or converting brick and mortar locations to serve as delivery centers. Others such as Target, Staples and Walmart have partnered with solutions like Shipt, Instacart and Postmates to offer same day delivery. Others are preparing to be able to handle an influx of orders7. Logistics companies are recommending that shipping cut-offs for a delivery by Christmas Eve be brought forward to an earlier date. Keeping the last-minute rush in mind, retailers such as Macy’s are talking about keeping in-store and curbside pickups and returns to bolster online shopping in case of shipping bottlenecks8

Gift Ideas

The nature of gift-giving is also expected to change with more people gathering online or virtually. Even if they meet in person, the groups are expected to be smaller than usual. The nature of gifts exchanged are expected to change with fewer people gifting experiences and more practical and useful gifts, especially those that support the stay-at-home lifestyle such as consumer technology. Always popular, gift cards are expected to be featured prominently on shopping lists this year as well.

Clear Communications and Engagement Strategies

Morning Consult’s research has revealed that Americans are more likely to buy from brands whose ads are realistic or optimistic and explain how they’re keeping shoppers safe or provide gift ideas9. Even in stores, not just the adoption of Covid-19 health precautions to keep customers and employees safe but good signposting about them is key to allay customer fears. 

Managing customer expectations through clear communications about delivery options, status and timelines are crucial to retaining customers and building loyalty10. Aside from contactless mobile wallet transactions to allow for reduced contact between employees and customers, SMS texting and push notifications from retail apps at various touch points in the customer journey are key to building customer relationships11. Bloomreach advises retailers to ensure that product discovery and personalization are used to help customers find fun and interesting gifts, while making product availability clear to view while searching and browsing12.

Advertising

Retailers can leverage online advertising to reach their customers and direct them either to their online or brick and mortar stores. Data from Zenreach shows that click-through rates for online advertising are at 2-3%, about 20-30 times pre-COVID13

There’s one caveat though, the increased numbers of shoppers online is bringing with it online shopping scams, thereby shining a light on site security.

Even if dogged by uncertainty, the shopping season has gotten off to a great start this year, and these tips above can help retailers deploy ‘prepare, perceive and pursue’ strategies so that they and their customers both have a happy holiday.

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Understanding Headless Solutions as a Tool for Your Business

Understanding Headless Solutions as a Tool for Your Business

In the early 2000s, enterprises were implementing monolithic architectures as their eCommerce solution as it fulfilled their business requirements within a single location. As times have changed and technology developed, brands looked for more flexible solutions that would meet the needs of the consumer along with ever-changing market demands. While a monolithic architecture may work for some, it can oftentimes be challenging to scale these types of solutions as well as make updates. Thus, the microservices or ‘headless’ architecture was born. 

Since its inception, headless has gone beyond a trend to become a route for online retailers looking to create a future-proof platform that can adjust with their business. According to a recent study by Gartner,  56% of enterprise organizations have adopted microservices architecture solutions or have planned or budgeted to deploy API-based or headless commerce architectures in the future. Nonetheless, headless commerce is here to stay. 

What is Headless?

For a headless approach, the front end of your eCommerce shop and the back end are independent from one another or ‘decoupled.’ Thus, the content and experience management system is separated from the business logic and functional layer (existing eCommerce stack, integration and commerce management). This architecture paves the way for ‘Experience Driven Commerce’ applications that are heavily focused on the use of customer data to optimize and personalize the customer experience and rapidly increase conversions without compromising the integrity of your eCommerce build.  

With a headless approach, businesses have the ability to commerce-enable any system, application, or IoT device, and seamlessly integrate with other content management systems. In addition, this type of structure gives businesses the opportunity to remain nimble as they’re able to pick and choose what features and functionality they need to run their business. Additional benefits of this structure include: 

Speed: With a headless architecture you’re able to make rapid changes to the back or front of your build without disrupting the entire system. Design changes, testing and optimization can be done without impacting the stability of your eCommerce solution. In addition, in a headless scenario you’re free of operating constraints, making it easier for front-end developers to work efficiently (this means lower operating costs + accelerated site updates). 

Flexibility & Adaptability: Parts of the system can be delivered without impacting the core commerce functionality since they’re decoupled, making it easier to make developments and updates over time as needed.

Personalization & Customization: With a traditional or side-by-side structure the ability to customize or personalize a UX on the fly is nearly impossible. Integrating a personalization solution allowing marketers to offer relevant promotions and offers to customers across each touchpoint. In addition, a headless solution empowers the marketing team as it enables constant content updates that support marketing campaigns without IT restrictions. 

Omnichannel: In today’s day and age, it’s critical to offer users a complete omnichannel shopping experience, from in-store to online to over the phone. The ability to identify users across many devices and using consistent ID’s for online and offline behavior allows for a seamless experience, and is critical in retaining and attracting customers.

Elements of a Headless eCommerce Environment 

To ensure adaptability and flexibility, it’s critical to have the ability to innovate swiftly. In order to do this, brands must have a ‘swappable’ architecture which is only possible in a headless environment, where your applications are decoupled. Below you can see how headless comes into action, as each piece acts as a swappable lego. 

Is Headless Right for Your Business? 

While a headless solution is a great option for many retailers, it isn’t a one-size-fits-all solution. There are some additional factors that you should consider: 

  • Retailers looking to get online fast at a low price point may not be the best fit for a headless implementation. You’d have to consider multiple additions including an eCommerce solution, Search and CMS as opposed to a one-stop stack that fulfills all of these needs under a single umbrella. 
  • In addition, a headless implementation can require additional team members and developers to manage and execute, also affecting your total cost of ownership. 
  • Retailers would lack the technical support from a single software vendor. 
  • While headless solutions have been available to the market for some time now, the ecosystem of partners is still maturing. Retailers must be cautious in selecting third-party plug ins as they may not be suited for a headless environment. 

Scaling your Headless Return via ROX (Return of Experience)

Finally, understanding return of experience, or ROX, is key to gauging how successful a headless opportunity could be for a potential brand, and how best to scale the opportunity. ROX is the metric with which we measure the purchase experience of consumers. While Return of Investment (ROI) measures the amount of return on one’s investment, ROX goes beyond to assess multiple facets of a business to determine correlations that have decisive influence on customer experience, and ultimately affects your company’s bottom line. It’s our perspective that most organizations need to invest beyond customer experience (CX). Understanding how changes to customer experience impact your customers (in a positive or negative way), is critical in making informed choices in the development of your digital solution.

With a headless implementation, businesses have the ability to build their ‘perfect’ solution in a lego-like, plug and play format. Choosing what pieces are most valuable to drive your business and what you can live without. Understanding and achieving a high ROX is an important key to understanding what you should invest in, and how to review your potential headless solutions.

For more information on BORN’s headless solutions, please contact Mackenzie Johnson, [email protected]