Accelerating Your Digital Business with Oracle · innovative digitally native solutions to launch...
Transcript of Accelerating Your Digital Business with Oracle · innovative digitally native solutions to launch...
Accelerating Your Digital Business with Oracle
2 EXECUTIVE PAPER / Oracle Digital Business Experience
Today, many service providers and large enterprises are looking to
transform into Digital Service Providers (DSPs) to address rapidly shifting
market demands, increased competition, and pressure to launch more
offers faster. They are looking to develop new digital services revenue
streams, enable ongoing business innovation with the pragmatic
adoption of cloud, continue to simplify and reduce cost in operations, and
have confidence to undertake targeted business transformations.
DSPs also indicate that to be truly digital they should have a much deeper
insight into their customers and prospects, engage with them through
new digital channels including social, chat, digital marketing, etc., be able
to rapidly launch, efficiently deliver and flexibly monetize new digital
services that are both relevant and personalized, offer their customers an
“always-on” engagement of their choice that is consistent across all
channels with robust and fully empowered customer self-care.
Oracle’s Digital Business Experience solution enables DSPs to rapidly
achieve these objectives with either a focused approach for the launch
of new digital services or across the entire business as part of a
broader digital transformation.
INTRODUCING ORACLE DIGITAL BUSINESS EXPERIENCE
As the name suggests, Oracle’s Digital Business Experience solution addresses 3 key areas critical to
DSPs:
• It enables DSPs to engage the market in a truly “digital” manner – this includes harnessing deeper
insights into individuals and enterprises through digital identities and profiles that are leveraged
across marketing, social, buying and customer care to allows DSPs to offer digitally delivered
services or digitally enabled physical goods to their customers. It also enables DSPs to operate in
a digital manner – through simplification of process, organization and systems that then enables
automation for scale and efficiency.
• Being available from the Oracle cloud, the solution itself is business, not technically, focused in its
approach. It is most relevant to business owners or heads of new lines of business seeking
innovative digitally native solutions to launch and grow new digital revenue streams.
• As a contemporary cloud based solution, it offers compelling new digital experiences to customers
with an always-on customer engagement through omni-channel and self-care capabilities; to
partners as well as internal DSP users of the solution.
Above all, DSPs can immediately capitalize on new digital innovations in the solution that are
continually released from the Oracle cloud.
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POWERING YOUR DIGITAL STRATEGY
At the core of the Oracle Digital Business Experience solution is an enterprise grade subscription
management engine for digital and 5G services that is proven across a variety of industries, is highly
scalable, operates in real time and supports all business models.
The Oracle Digital Business Experience solution is based on the market leading Digital Experience
Platform that includes key capabilities including digital marketing, social engagement, omni-channel
buying experience, empowered self and assisted care bringing innovation through machine learning,
smart bots, etc. leveraging information from the Oracle Data Cloud.
The solution itself may be deployed rapidly and at low risk from the Oracle cloud via a quick start
program for fast service launch – all on a single, secure and scalable platform.
DESIGNING INNOVATIVE DIGITAL OFFERS
The solution starts with rapidly designing and launching innovative digital or subscription offers that
may comprise of digital services or digitally-enabled physical goods. Such offers may combine
consumption-based, recurring and one-time charging based on any measurable metric in real time.
These offers may be increasingly sophisticated to include non-currency resources or digital goods and
made available as bundles or promotions with associated discounts to all channels.
DELIVERING THE ORACLE DIGITAL BUSINESS EXPERIENCE
The principal capabilities of the Oracle Digital Business Experience solution are illustrated below.
Figure 1. Principal Capabilities of the Oracle Digital Business Experience solution.
KNOW, ACQUIRE, ENGAGEYour Customers ▪ Digital Identity & Behavior▪ Social Listening | Digital Marketing ▪ Omni-channel Engagement
FULLFILL SERVICES▪ Dynamic Order Orchestration▪ Perfect Order Delivery▪ End to end Order Visibility
EMPOWER YOUR CUSTOMERS▪ Web And Mobile
In-App Engagement▪ Billing Visibility & Control▪ Self-service and Intelligent Support
MONETIZE DIGITAL SERVICES▪ Subscription & Usage-based▪ Policy & Charging▪ Billing & Invoicing
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Know, Acquire, Engage
A foundational capability is truly understanding a user’s digital behavior combining first and third-party
information from which their digital profile may be developed. Such knowledge, together with machine
learning, then allows DSPs to offer more personalized and relevant propositions in a timely manner to
acquire customers through new digital channels such as social listening / engagement and digital
marketing.
Figure 2. Understanding users’ digital behavior with digital profiles.
Once acquired, the customer’s buying experience may transition across different channels during that
journey – supported by the solution’s omni-channel engagement capability which supports a common
catalog and cart across all channels allowing customers to, for example, start the journey unassisted
on their mobile and finish with assistance in a retail store.
Figure 3. Omni-channel customer journey.
USER DEVICES APP/BROWSER
Commoncatalog
Common cart across all channels
Dealers IoTCall
CenterMobile
RetailStore
SocialWebDirectSales
Chat Chatbot
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Fulfill
The fulfillment capability supports any pre-order inquiries or reservations necessary to help capture an
accurate customer order and then decomposes and fulfills the order on all systems and partners
involved. This process may range from trivial to highly complex in nature. The increase in the bundling
of digital services as well as the growth of fulfillment partners increases the need for sophisticated
digital service fulfillment capabilities. The key function of the fulfillment component is to decouple the
commercial offers from how they are fulfilled thereby allowing commercial innovation with no
dependency on how such commercial offers are delivered – helping provide true business agility.
Figure 4. Digital Services Fulfillment.
Monetize
The monetization capability is enabled by the enterprise grade subscription management component
for all digital and 5G services. It draws from a rich heritage in monetizing digital services across a
variety of industries including communications, media, digital commerce, cloud, telematics, IoT, etc., at
scale and in real time. This is particularly important as new digital propositions, accelerated by
technology advancements such as 5G / IoT, will require increasingly sophisticated monetization
capabilities for DSPs to differentiate themselves in the market, which includes the ability to:
• Award non-currency resources such as loyalty points, views or GB, then track consumption in
real-time, make adjustments and manage receivables
• Apply flexible discounting, including bill time discounts, x-product and non-currency
• Manage account hierarchy for B2B or B2C. Designate payment responsibilities and pooling
• Rate based on any measurable metric – in real-time
• Bill in advance, in arrears, or on demand. Consolidate billing and invoicing from multiple services
or LOBs
Network Workforce
Supply Chain
Apps & Media
$$$
Billing
$$$$$$
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Such monetization flexibility, for both subscribers (people) and things (IoT), is illustrated below.
Figure 5. Digital Subscription Monetization.
Empower
Empowering the customer may be through both customer self-care (“unassisted care”) and agent
assisted care.
Customer self-care may leverage contemporary and intelligent digital channels such as chat bots as
depicted below to answer common customer inquiries. In addition, such engagements may seamlessly
transition from unassisted to intelligently assisted to humanly assisted through the course of a single
interaction.
Figure 6. Unassisted to intelligently assisted customer self-care example.
In delivering digital services, the customer self-care (unassisted or intelligently assisted) option is
generally more preferred by both the DSP and the customer. However, for assisted care situations, it
is important that the agent have a full and actionable perspective of the customer as illustrated below.
This may include aspects of billing, historical interactions, social influence as well as enabling a
blended agent experience to transition to a buying experience with new / updated digital services to
the customer.
Product as a Service
Pay by the mile
Pay by the hour
Pay by the printed copy
Pay by the ft2
Pay by power consumption
Smart home packages
Smart city packages
Pay by the minute
One timepurchase
Rental
Sponsored data
Dynamic bandwidth
Pay bythe MB
Pay by the message
“The Mobile Internet”
BILLION of Connected People
“The Internet of Things”
BILLION of Connected Sensors 7 50
+
Subscription with Consumption
Unlimited SubscriptionConsumption
Promotional Bundles
Balance inquiry via chatbot
Direct inquiry to charging system for real-time balance update
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Figure 7. Assisted customer self-care example.
DEPLOYING ORACLE’S DIGITAL BUSINESS EXPERIENCE
Oracle’s Digital Business Experience solution may be deployed in one of two modes:
• To support the fast launch of new digital services alongside existing services with no initial need
to replace legacy systems, avoids data migration and limits integration with existing systems. In
this case, the initial scope includes offer design, customer engagement & order capture / delivery,
rate, bill, invoice and customer care as well as data export to financial systems. This enables
DSPs to rapidly launch and scale new digital services with core capabilities which may then be
broadened as needed over time with the full Digital Business Experience platform capabilities for
extended digital capabilities
• To enable a digital transformation of a service provider or large enterprise into a DSP who is
looking to materially simplify their business, processes and organization to embrace and adopt a
native digital solution from the cloud to serve their customers. Such an approach for
communications service providers has also been termed “Digital BSS”
Social Influence
Billing Care
Intelligent Offers
Customer Interaction
History
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WHY ORACLE DIGITAL BUSINESS EXPERIENCE
Aspiring DSPs should consider the Oracle Digital Business Experience solution as it offers:
• The ability to get to market faster and scope for brand differentiation
• A market leading digital experience platform built on the Oracle global cloud platform
• A real-time solution enabling all business models
• A future proof solution with continual, industry-leading innovations from the Oracle cloud
• Rapid deployment for both core or adjacent lines of business
• The choice of either augmentation or replacement of legacy systems
• The security and scalability of the Oracle cloud
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