The theme for this year’s IBTM World is “New Business, New Tech, New World” as the event has been expertly designed to provide all attendees with the insights and knowledge they need to recover and grow in 2022 and beyond.
The sessions will be headed by three keynote speakers from outside the industry, one of whom is Alba del Villar Olano, an expert in digitization and internationalization, whose session is titled “Taking the Fear Out of Digitalization.” She has founded and directed different digital projects, such as the mobile application Thingeer-The App (C2C), the marketplaces Thingeer-Prime (B2C) and the strategic consultancy OlanoDigital (B2B).
IBTM recently asked Alba a few questions about the latest trends in digitalization and how organizers can apply them to increase efficiency and impact of their events:
Q1: How would you say the e-commerce landscape and customer buying behavior have changed since the pandemic?
Digitalization has been accelerated enormously since the COVID outbreak. Lockdowns and social distancing forced end-consumers and producers to make use of online channels to keep their operations alive. On the one hand, this rapid transformation has had heterogeneous effects on different sectors. While the food and beverage industry’s online consumption increased by 34 percent, travel services declined by 44 percent. On the other hand, consumer awareness and user experience have increased their influence on online purchasing behavior.
Further, promptness in decision-making also appears to play an increasingly important role in online buying. Think about this: The amount of time spent by consumers in the digital world has exploded, and this should reduce the acquisition cost per user, which increases the room for improvement for new and small businesses.
Q2: You prefer to take a scientific and data-driven approach to any business decision. How has this approach impacted the development and business growth of your businesses?
We take a data-driven approach from the very beginning of each project. It affects the product design, the technical requirements and the go-to-market strategy. While most businesses make decisions based on intuition, I prefer to create a framework that allows the team to evaluate decisions based on facts and not personal opinions. It is a circular rather than a linear approach, where the client and user feedback are essential to optimize product development and marketing strategies.
Q3: What are some of the supporting tools/apps and technologies that you can’t live without and that are making your teams’ day-to-day activity more effective?
There are plenty of interesting digital tools to improve the effectiveness of teamwork. In my case, I use Trello to organize the different tasks for each role in a dynamic dashboard. It is synchronized with Google Drive, so documentation can be shared across the team very easily. I really like Slack as the main channel of team written communication and Zoom for online meetings.
Q4: How could event organizers best make use of data and analytics to grow the reach and impact of their events in a post-pandemic world?
The event industry has suffered tremendously during the COVID pandemic. Not only are organizers somehow “lost,” but also attendants and clients are uncertain about the future of events. Data is useless if you do not know what you can do with it. Thus, the first step is to understand how to validate business hypotheses using data, and we should start by analyzing the demand and user behavior. Only when we fully understand the demand’s main pain points and needs can we start thinking about adapting the way of organizing an event. It is about analyzing the problem, so the solution will naturally come.
To read more on Alba’s session at IBTM World in Barcelona and to register, please click here.