iStock-1466693137_THE 4 LEVELS OF COMPANIES’ DIGITAL MATURITY_header

Chemical companies' 4 levels of digital maturity. How mature is yours?

Published June 6, 2023 | Written by SpecialChem
 
Having worked with many hundreds of chemical companies, the SpecialChem teams have established a scale of digital maturity, made out of 4 levels: 
  • Analog
  • Outbound
  • Inbound
  • Digital First

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Curious to identify the category your company belongs to? Nothing easier with our SpecialChem online test. Please pass the test to confirm your actual level. A clear and honest initial assessment is a key step in your digitalization journey.

But what are the criteria used and what typically characterizes companies in each digital maturity level? Let’s find out together in this article.

Digital initiatives / assets

Digital Maturity Levels 

Analog

Outbound

Inbound

Digital First

Promotional efforts

Rely on tradeshows

Use digital marketing for promotion:

- they send newsletters, marketing emails

- regularly organize webinars

- They typically master outbound marketing techniques

 

- They have a clear commitment to be multi- or omni-channel, they know the best channels to use, and how to use them

 

- Inbound marketing is a top priority, with strong focus and significant investments in content creation

- They have a clear and strong omni-channel strategy and master multi-channel retargeting

 

- They own a solid inbound strategy with company-wide content creation which covers all the stages of their buyer's journey (exploration, screening...), combined with an excellent practice of SEO and SEA to drive qualified traffic onto their content

Website

Is usually a corporate storefront designed with limited or no opportunity for client interactions

These companies generate leads with their website, but they do not capitalize on SEO and SEA to grow their traffic

Is clearly designed to generate inbound leads, . They extensively use SEO and SEA to drive more traffic

- Offer a great user experience (UX), with dynamic personalization and interaction capabilities

 

- All online events are tracked and feed a data management platform

 

- Website is clearly designed around  the needs of Buyer Personas

 

- They understand very well that their website is only ONE channel to teh market

Content

Mainly corporate, to support the website and tradeshows initiatives

They develop content to support their website and outbound initiatives

- Inbound marketing is a top priority, with strong focus and significant investments in content creation

 

- Despite the investment, content creation faces  resources limitation to be fully effective

- They have a solid inbound strategy with company-wide content creation which covers all the stages of their buyer's journey (exploration, screening...), combined with an excellent practice of SEO and SEA to drive qualified traffic

 

- Content creation is partially outsourced

Social Media

No presence

Present on social media, and social management is often under clear responsibility

Good social media presence and activity, thanks to their content creation and distribution strategy

- Deploy a well-established, integrated social media strategy

 

- Social amplification is a common practice of the whole staff

Customer Relationship Management system (CRM) and Marketing Automation (MA) adoption

CRM not implemented yet, or not fully utilized by the sales and marketing teams. Mainly used to store sales reports and customer information

- CRM is implemented and both their sales and marketing teams use it to track activities, but only limited shared processes between sales & marketing

 

- Do not exploit their data with MA

- CRM and MA implemented and synchronized

 

- A number of automated processes are in place (lead scoring, nurturing, sample follow-up...)

- Extensive use of MA

 

- MA is fed by data management platforms, not only the CRM

 

- They track the ROI and influence of every sales and marketing process

 

- Can forecast actions with great accuracy

Lead management

Most of their business comes from existing clients, and new sales mostly come from sales prospection

- Lead management is a common struggle for these companies as sales and marketing teams work in silos

 

- They do not score nor qualify their leads which is the main reason for low  conversion failures

 

- Frequent frustrations betw. sales and marketing

 

- They tend to follow-up on incoming requests but extract no value from other types of leads

- They have implemented marketing automation to nurture and automatically score their leads with message

 

- They screen all their leads and have dedicated resources (inside sales) to qualify their MQLs, and dispatch viable opportunities to their sales team

 

- Conversion rates are higher than the previous level, but some of the sales reps are not fully onboard with all the digital  processes

 

- They have difficulties to track KPIs through all their channels

- Their lead management is excellent and delivers high conversion rates. They have a dedicated organization to qualify and nurture their leads

 

- They use chatbots and AI to automate part of the conversion

 

- The sales team is fully engaged to follow-up on SQLs and does not see conflict with digital channels. Sales and marketing work hand in hand in ONE "revenue team"

 

- Clear rules of leads handover between inside sales and field sales

In our next articles, once you will know at which level your company is, you will find valuable insights and resources on what you need to do to reach the next level.

 

Test your company's digital maturity

 

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