At the recent Data Company Summit 2023, a recurring theme echoed across presentations: the transformative power of digital evolution. Businesses across various sectors, from toy manufacturing to hospitality and healthcare, recognise the need to evolve. The digital landscape is not just about adopting the latest technologies; it's about reshaping how businesses operate and deliver value to their customers. This article delves into the journeys of three diverse companies: Mattel, Choice Hotels, and Express Scripts, illustrating how they've harnessed digital transformation to enhance their customer experience, as presented at the summit.
Mattel: Merging Traditional Toy-making with Digital Innovation
Mattel, a name synonymous with childhood memories, has embarked on a journey that marries its traditional toy-making business with the cutting-edge world of digital collectibles.
Randeep Aurora, a representative from Mattel, shed light on the company's innovative venture into a digital collectible marketplace rooted in NFT (Non-Fungible Token) technology.
While Mattel's core remains toy-making, the digital realm offers a complementary space, opening avenues previously uncharted by the toy giant.
Their transformation wasn't merely about adopting new technologies but a holistic shift. Mattel's digital transformation was comprehensive, from modernising its supply chain to revamping its e-commerce capabilities. A testament to their rapid digital evolution was the launch of NFTs on Mattel Creations within three months, underscoring the potential of digital initiatives.
Choice Hotels: Scaling Heights with Cloud Computing
The hospitality sector, characterised by its need for scalability and resilience, has found a reliable ally in cloud computing. Jason Simpson from Choice Hotels provided insights into the company's paradigm shift from traditional data centres to a more fluid cloud-based system.
For Choice Hotels, the cloud journey was not just about technological transition but about delivering unparalleled value to their customers and franchisees at an unprecedented speed. The move to the cloud ensured scalability, allowing the company to handle unexpected traffic surges seamlessly.
One notable instance was the launch of a new Revenue Management System. Despite receiving double the anticipated traffic, the cloud infrastructure auto-scaled to accommodate the surge, preventing potential disruptions. Such agility underscores the cloud's transformative potential, enabling businesses to respond swiftly to market dynamics.
Express Scripts: Modernising the Mainframe
In a digital discourse dominated by cloud and AI, mainframes might seem like relics of a bygone era. However, for companies like Express Scripts, mainframes remain at the heart of their operations. Brandon Birch highlighted the company's focus on these robust systems, emphasising their ongoing relevance.
The challenge for Express Scripts was twofold: navigating the maze of outdated systems while aiming for modernisation. Their solution was a blend of innovation and pragmatism. They achieved significant data compression by using Delphix for data virtualisation, leading to substantial cost savings. This transformation facilitated faster code deployment and enhanced data handling capabilities, crucial for their machine learning models.
Conclusion: Embracing the Digital Renaissance
Digital transformation is no longer a luxury; it's a necessity. As illustrated by the journeys of Mattel, Choice Hotels, and Express Scripts, the path to digital evolution varies. For some, it's about merging traditional practices with new-age innovations; for others, it's about harnessing the cloud's potential or modernising existing mainframes.
What's evident is that at the heart of these transformations lies a singular goal: enhancing customer experience. In a world where customer preferences are continually evolving, businesses must remain agile, adapting to survive and thrive. The digital renaissance is upon us, and companies that embrace this wave will undoubtedly steer the future.