Did you know that 65% of B2B companies plan to increase AI spending this year? Discover why in our comprehensive 'After the Event' report from B2B Online Chicago 2024. https://bit.ly/4bzn3tb
Inside this report, you'll find:
- Digital Transformation through AI: Explore how AI is revolutionizing operational efficiency and customer experience.
- Change Management: Learn strategies to manage and embrace change within your organization.
- Data-Driven Decision Making: Discover the power of leveraging data for strategic growth.
- Global Collaboration: Understand the challenges and solutions for working across borders.
- Leadership and Innovation: Gain insights on fostering a culture of innovation.
These insights are not just valuable on their own but are also a perfect precursor to upcoming B2B Online Florida, happening on November 18-19, 2024, at the JW Marriott Orlando Bonnet Creek, FL.
Don't miss out on this opportunity to stay ahead in the B2B landscape.
Download the B2B Online Chicago 2024 'After the Event' report now and start preparing for B2B Online Florida: https://bit.ly/4bzn3tb#B2BFlorida#digitaltransformation#AI#b2bstrategies
Putting this together for attendees and those who couldn't make it to the event was very rewarding. It's a great way to have a digital copy of key takeaways and insightful convos that are shaping the industry just in case you missed B2B Online Chicago this year!
Senior Portfolio Director B2B Online Chicago/Florida & Divisional Director WBR Insights | Connecting B2B eCommerce Leaders to Drive Digital Transformation
Ready to dive into the future of B2B in 2024? Explore the key trends that are shaping the industry and find out how you can stay ahead of the curve. From AI integration to sustainable practices, these trends are game-changers! Embrace innovation and set the course for a successful 2024. Which trend are you most excited about? Let us know in the comments!
Visit www.gamenexa.com if you need any business consultation or digital marketing services for your products or services.
#B2BTrends#B2B#2024Outlook#InnovateWithUs#B2B2024#GlobalBusiness#DataAnalytics#CustomerExperience#RemoteWork#Sustainability#AI
Ready to dive into the future of B2B in 2024? Explore the key trends that are shaping the industry and find out how you can stay ahead of the curve. From AI integration to sustainable practices, these trends are game-changers! Embrace innovation and set the course for a successful 2024. Which trend are you most excited about? Let us know in the comments!
Visit www.gamenexa.com if you need any business consultation or digital marketing services for your products or services.
#B2BTrends#B2B#2024Outlook#InnovateWithUs#B2B2024#GlobalBusiness#DataAnalytics#CustomerExperience#RemoteWork#Sustainability#AI
I think the potential to use data to help customers in the B2B space is much greater than in the B2C space. Arguably, B2B organisations should have much better 1st party data about their customers, unlocking the potential for meaningful personalisation and ongoing relevant experiences by creating a sense of value and recognition that goes beyond mere transactions.
Imagine having pricing structures, contractual terms, and content perfectly aligned with your preferences and historical actions within the B2B ecosystem. It's a level of precision and sophistication that was once unimaginable.
#B2B#HyperPersonalisation#AI#BusinessTransformation#CustomerLoyalty
Savanta’s Business Tracker monitors the recovery, resilience, and adaption of businesses in key markets 🤝 Our B2B team have examined how UK businesses are embracing AI, highlighting clear differences in perceptions between small, medium, and large organisations 📊
More info about #Savanta's B2B market research is available here: https://lnkd.in/e6vw_hye
Article: Jian Chen Tiong#AI#Business#B2B#MarketResearch
Get ready to explore the AI revolution in B2B commerce with our webinar on 30th November hosted by Scott Rigby. 🚀 We will be discussing how AI is reshaping B2B Commerce, and sharing real-world examples and insights! Secure your spot 👇
Join us in exploring how B2B commerce leaders are embracing this revolutionary opportunity with practical examples, invaluable insights, and best practices.
Scott Rigby will dive into how brands are creatively leveraging AI-powered commerce to enhance their operations, expedite decision-making, and compete for a larger share of the market.
#adobecommerce#adobesensei#b2b
Must-read for e-commerce leaders! Deloitte's Paul do Forno analyzes Lucidworks' #GenAI Benchmark Study. Get the insights from #B2BOnline + the full report: https://lnkd.in/gC6pFWB9
P.S. Get ready – our 2nd annual Gen AI Benchmark Study is coming soon!
Partner / Managing Director @ Deloitte Digital | Commerce Leader | Leading Large Digital Transformations | B2B B2C e-commerce Leader
Great presentation at B2B Online around Gen AI in B2B Commerce yesterday by Michael Sinoway
Provided a nuanced realistic view of the adoption of AI and how it is evolving.
Image below you see the starting points around governance and cost reduction. But clear it is going to be evolving becoming more industry focused and continue to solve through the lifecycle but will need fundamental building blocks around data and more to work
#GenAI#b2b#b2bcommerce#ecommerce#commerce
For those in sales - data to back up the reality of what you will be experiencing:
Buyers needing more Intel
Long deal cycles
More complex decision processes
More Exec and budgetary scrutiny
As an already effective #seller - what does that mean? Literally just one change, better, more pragmatic forecasting - review your pipeline and be more critical about the unknown, unknowns in your sales process and push deals out to a sensible close length and an appropriate weighting.
For those developing, it's upskill or fail:
On any large deal (and now the same process applies to increasingly smaller deals):
Widen your lens and know your audience, 6/7 years ago, on Corp/Enterprise deals, the average number of client side people involved in the decision making process was 7.2. and while I don't have current data, it's only going up and the stats below confirm that...
Know their business better, understand, connect and engage with the interconnected departments (not rocket science but don't multithread at your peril)
Pre-mortem deals more deeply and earlier, surface where the "unknown unknowns" lie. Plan how to address these and have the confidence to ask the questions you need to answer:
Process
Stakeholders
Supplier status and compliance
Legal
And especially a much deeper internal use case beyond the surface level understanding that you have been initially given...
Collateral is even more key, "one size does not fit all" and bigger is not best. Covering all needs states is one thing, writing a 40 page opus and expecting that deck to land with senior stakeholders is most definitely another.
Think Exec summaries of an Exec summary - if you are sending a "beast" of a deck and to a single champion, you are increasing their time to internally "sell for you" and reducing your chances to guide the narrative and simply making your and their job harder.
The time to create a "redacted summary deck" is minimal, the value of having that concise content is much more valuable than that.
So, actually, business as normal - but with one silver lining for SaaS - in these current times of "capital efficient growth" (so smaller budgets and layoffs instead of VC backed hiring splurges) look at software spend... The CFO that scrutinises so many more deals has the potential to be your new friend. Show value and an ROI concisely (with the right PMF, use case and solution) and the money is still very much there...
At our Executive CAB meeting yesterday we were lucky to have Jann Martin Schwarz, CEO of the B2B Institute at LinkedIn share his insights into B2B buyer purchasing. Today, FOMU (Fear of Messing Up) outweighs FOMO (Fear of Missing Out) so indecision is the default state with 40-60% of deals getting stuck. We see this echoed in our own research (see below an excerpt from our 2023 B2B Disconnect report. 56% of stuck deal champions want to buy but lack confidence. To build buyer confidence, there are two key factors - the recognition heuristic - are you known and is your value understood, and the social proof heuristic, do others I know or trust use them.
One of our CAB members, Keith Pearce asked an excellent question. How does AI impact the social proof heuristic? Jann answered that stakes get raised by AI and Human Proof is even more important. It will become more consequential and important.
#buyersjourney#b2bmarketing#socialproof#customermarketing#customeradvocacy#ai
Speed- to-market will progressively become a key criterion of choice for B2B decision-makers. Why?
By 2030, speed to market will accelerate by up to 300% across all industry categories, driven by AI, new forms of manufacturing, and connected devices.
Faster speed to market will enable B2B businesses to respond to customer needs, market trends, and competitive threats more quickly and effectively.
This will change the B2B decision-making happens. Companies will need to invest in digital capabilities, agile processes, and innovation ecosystems to leverage the opportunities generate by speed…and to manage the organization stress that it will generate!
And, once again, the borders between B2B and B2C are blurring more and more. #Merkle
In today's dynamic business landscape, we're witnessing a stark contrast between forward-thinking B2B buyers and traditional B2B sellers.
The modern B2B buyer behaves much like today's consumer, whilst the traditional seller remains entangled in red tape, outmoded practices, and a limited grasp of data.
Despite the evident shift in buying behaviours, many B2B organisations continue to neglect their brand investment. This oversight fails to resonate with a significant portion (95%) of potential buyers who aren't immediately looking to make a purchase.
Many businesses persist with outdated methods, resulting in inefficient expenditure and missed opportunities. We've emphasised for the last few years that the rapid advancements in AI will soon leave no room for complacency. Companies need to realign their sales and marketing strategies now more than ever.
This is precisely why Matter has been established. Matter combines integrated sales and marketing strategies fit for the modern B2B landscape.
We're here to provide insight and guidance, helping businesses navigate change.
Ready to learn more?
AmpliNERVE#B2BSales#B2B#Data#AIForBusiness
📸: The B2B Institute
Putting this together for attendees and those who couldn't make it to the event was very rewarding. It's a great way to have a digital copy of key takeaways and insightful convos that are shaping the industry just in case you missed B2B Online Chicago this year!