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Mark Lenhard, Magento, an Adobe Company | Adobe Summit 2019


 

>> Live from Las Vegas. It's the queue covering Adobe Summit twenty nineteen brought to you by Adobe. >> Everyone. Welcome back to the cubes. Live coverage. Adobe summat twenty nineteen here for two days. I'm John for a jefe. Rick. Our next guest is Mark Lenhard. SVP of Growth. Part of the big news is the adobe commerce cloud mark for me with magenta Now Adobe, Great to see you. Thanks for coming on. Thanks for having me. It's real pleasure to be here. So very impressive. Adobe with there the creative products at their end user applications Really great stuff. People know it. It's a cloud service. The transformations happened. But what's really happening to is this platform continues to get billed. You guys with Magenta, one of the big pieces of the puzzle Marquette O's got. They got a big piece over there. You guys are a big part of commerce Cloud big news here. What's the Commerce cloud about? You guys announced the hear of the show. When is going to be available? What's the features? What's the dude? So give us the overview. No, >> great And again, Thanks for having me. It's really been It's been a wild year with the Magenta acquisition coming in really folding into a suite of products on the experience side that really are designed to really help companies transform themselves right and really own the entire customer experience all the way from Discovery through to Buy to through Renew. >As we saw this morning.  And Commerce really fits in there nicely in the Buy section and what was announced today is with Adobe Commerce. Cloud is the opportunity which available now for for our larger merchants and enterprises to get the core magenta platform, which are our customers know in love. But get that in a way that's managed by adobe eyes more fully integrated into the other products and services. So you can deliver that full customer on tow n journey on which hand features which will will happen over time, particularly as we get two more data driven data driven insights and over time sense A and air power tools. >> You know, I love looking at slides because you can tell a lot by a slide right when the lame out these chinos kind of architecture slides. But I think it's interesting about the adobe experience. Cloud is, it lays out nicely because you have cloud modules. If you will are building blocks, you got the add cloud, the analytics cloud, the market cloud and the commerce cloud. Then you got platform underneath, enabling. That's a lot of nice decouple but cohesive elements to it. Which really is a testament to that kind of how they're laying out that experience, cloud and experience. What is the commerce clouds roll in that? Because you guys have to be highly cohesive to do the kind of levels of commerce that's demanded and B to B. Now it's changing them. We'LL direct a consumer business model, so it's a consumer like marketing function in a B t B context. How is that changing? What magenta wass and what's it turning into as commerce cloud specifically? Well, >> you know, a lot of it is just really leveraging a lot of the features of functionality that Magenta had really just fit in really, really nicely into that, that user journey, right? And so where magenta is really slotting in nicely is in that by section, right? If you've got discovery by to renew by all the way to through her new magenta and the corps platform, there really helps deliver that so that our customs, whether there be to be or or B to C or they're trying to go direct to consumer. They're able to develop that content, that rich content market to those customers, drive them Teo to magenta, enable them to transact and then actually renew induced. You know, everything from diddle products to consumers for two physical goods. >> It's interesting you look at the slides to it. It feels like an operating environment, right? Because you have cloud you guys air on cloud. There's a lot of touch points with other pieces of the system means an operating system basically almost not technically, but a platform. You could put the platform, you're gonna talk the things so data I could imagine is critical. If you want to do that journey and you're a big part of the by piece, you've got to talk to others. Other pieces of the platform. How important is the data architecture? Can you explain how you guys look at that? Because now you come into the adobe >> fold, >> their data centric data super important. We heard that in the keynote. What's the role of data and all this, and how do you see >> that? So it's it's absolutely critical. Azi mentioned on being able to harmonize that across the platform and be able to have all of those pieces talk to each other so that you can get everything from behavioral data front. I know what you're doing on a website. I know what you're doing on instagram other platforms two I know whatyou're transacting. I know what you're buying two. I know what you're renewing on and what you're coming back to be able to pull that all together and not just pull it together in a data cluster. But to be able to actually take those insights and are sorry, take that data and develop insights out of it and then, most importantly, take action on. So one of the announcements we made really was around analytics. And as we pull that into adobe Commerce Cloud enabling our adobe analytics to have some dashboards that roll out, you know, we know we commerce really well. Whether it be to be or be to see, we know what those customers those merchants need to look at, be able to spin up those dashboards right away, so they can not only gather all the data but start seeing the insights immediately so they could take action. >> But what I thought was kind of interesting is is everyone used to think that the transaction was the goal, right? It's all feeding the funnels, all feed to try to get that transaction. What we heard today was so important that a transaction is just one piece of ah, of a much broader experience. Right is the word, but really oven engagement and an ongoing relationship with that individual, whether it be a company or a single person. So I'm interested from your point of view. You guys were all about The transaction is funny. It's weird. It didn't happen earlier. Job is all about, you know, the creative in the marketing and getting it up to that point of transaction. But it's really you guys just want to get in kind of a virtuous cycle where it continues that multiple transactions and multiple experiences that support each other as being really stand alone. >> No, that's I think I agree with that. I mean transactions obviously really important >> to our customers that definitely wanted and that it's necessary. I can't remember the word they used in the keynote, but it's it's definitely important But it's not the animal you know, kind >> of. It's part of the entire experience, right? So when customers are buying today, they're buying experiences. And those experiences include the actual purchase they're making right, the product digital or physical that they're making. But it includes all the way up to that to that experience, all the content they see before then the experience, how they experience the brand before, then on. Then you know, likewise after the transaction, right? How? How? How does the brand follow up and interact with the customer afterwards? Most of our merchants, all of our merch, all of our brands were looking, have lifelong relationships with customers. And so that entire and and experience is >> important. Mark Talk about the community. Expect we covered your show, Magenta. Before the acquisition last year, the key was there. We were. I was very impressed. I had no idea that depth the community that you had in that company when you guys came over. What was the feedback? What's the result? What's the plan when you share some update impact of the community and the role of the community for the commerce cloud? >> Absolutely. I mean the community for us is is near and dear. I mean, it is It is the core of who magenta is and wass on is transferred over now to Adobe. You probably heard this morning shots and you're talking about how important as soon as he got out on stage. How important community wass magenta community. But the broader now adobe community. We've got about three hundred seventy five thousand community members. These include developers, partners that are really court of the functionality. About fifty percent of our code is developed by by the community and developers in the community. That's omit that code back to us on DH. They're the life blood of how we grow and support the business going for >> a fifth between Adobe Magenta cause you mentioned that that might be kind of a nuanced point. You were very community. Lot of open source got a co creation on the product side adobes a creative, absolute density time. But the fit between your culture at Magenta and the Bilby culture and where they are today and where they're going >> now there's that absolutely some overlap in our community and in a lot of our partners are out helping our merchants create content right, create that brand experience. And they leverage the creative side right in the products in the suite of services that the creative side of the House provides. And then that feeds in directly into into driving awareness and marketing and sales. So a lot of overlap. Their >> growth question for you are kind of more of an operational question, you know, in any major shifts. Certainly, Cloud. We've seen that it's here. Been for a long time. But as you start to see, new APS and new kinds of business models emerge that are continue to transform operationalize ng new things is very difficult for an enterprise, our business and sometimes culture. Sometimes it's tech, tech, um, something just don't know what the new environments like tools and technology. So you know, getting something operationalized that's a game changer his heart. How do you look at that? How do you guys approached that market on the go to market on how you guys do with the marketing mix? What some of the things that you do take something that's new and new capability and operationalized for a customer? Yeah, there's a couple >> things. One is the culture which you developed, right? So the people and really working Teo to train and developed a culture and hire the right talent, that is is, quite frankly, just open to change, right? You've got to be agile because I could come in here and tell you five things you've got to do today. Tomorrow will be totally different, right? And so you've got to be You've got to be agile. Build that build that culture of agility. Thie. Other thing I'd say is, you know, find partners who will help you simplify the problem, right? It's very easy to create a lot of complexity when you've got change. But, you know, Chantal did a great job this morning, kind of showing the dashboards that we use internally on. That was through a lot of work and a lot of process to get that. But way had to simplify it down into what are the key metrics that you really need to watch on? I'd say that's the third thing is, you've gotta follow data. You've got to be data driven and develop insights out of that data because things are too fat moving too quickly to have years to develop a gut reaction to it. Right, You've got it. You've got to see the date and you've got to see it when it happens in real time >> and moving fast cuts good. But you apply that to data as well. So that's right. This is what we've got the right >> platform. And we were trying to develop very real time relevant rich platform that you could get that data out in a way that's digestible so you could take action. >> How does a company take advantage of the data that they have? What some approaches that you guys see is low hanging fruit use cases, something overwhelmed with data. Either Number day. We heard from your customer at the Dollar Shave Club talking about There's so many dates, so many data points coming in from multiple directions and going out multiple directions to on the channel that I'm gonna call it. >> How do you get >> a hottie? How'd you get your hands on that data? It's overwhelming. What's what's, um approached? People could take >> eso couple things there. One is, you know, decide before we even start looking at data. What do you think is important, right? So really simplified, clarified down what? What you need to be tracking. And then it's very easy to have twenty different systems that you bring in all separately and try to stitch them together. It's more important. One of things you tried to do with Dobie Commerce Cloud is bring together something that's already kind of pre pre pre integrated together to make it easier to kind of get up and running and get going. Because it is it is very difficult. Teo, pull all that together unless you've got you've got a framework of things working together and then having the dashboards rebuilt. So you, Khun, you can get up and running and then over time you can tweak it and customize it. But But getting those core inside >> we're talking on came before we started about operational versus our operational data verses trying to boil the ocean over. And that's it. That's the best practices are distracted or approach, you see? >> Yeah, Wait, I called a little bit of more operationally I, which is so many different use cases for for making data driven decisions on things that are really top of mind for merchants. Today. We hear a lot about one on one personalization, which you know super important. Particularly you move from being our computer based e commerce to mobile to voice right. Getting that. Getting that personalization right is critical, but there's a lot of things on the back end to that can happen, right? How do you tag pictures? How do tag merchandise? How do you really streamline the filming process? So you're getting the product from the right place at the right person as quickly and cheaply a sponsor. >> One of the questions. One of the comments on the Keen I thought was great from engineering talk part talk track was open day to open a P. I's very critical. We're big believers of that. But as customers or challenged with first party data, they're relying on these platforms like Facebook instagram of the things that are not actually being more open. The stricter access to the data Twitter's all got days out. They get that data hard to get linked in date. It's hard to get Facebook data. Um, how how do you look at those those silos? How should customers be thinking about their data strategy, knowing that some of it might only be able to get through scraping or other techniques. It's can't maybe reliable. So how do you guys look at that? What's, uh, what's the approach that they have more first partied on their site? Or is it there is a methodology or mechanism that they could deploy >> eso no silver, no silver bullet. But I think first and foremost always have to keep the customer first. Right, And so trust and transparency is of the utmost importance on. So it's important and we do this. And everything we built today is to be able to build that trust and transparency, both with our own direct customers, the merchants we may have. But also it's equally important that trust, though, that we're building for that merchant with those with those end customers that that that has to be paramount to everything else. So you know, when in doubt, err on the side of creating real deep trust and transparency with >> customs. Also, talk about the culture and adobe you're now part of the company from Magenta is a good culture. They're good fit, as you mentioned absolutely for the folks watching here and seeing the keynote, the company's transformed and continues to transform with cloud with data on the right way. From our our estimation for the folks that might not be comfortable or not. Might not know Adobe. I should say, What is it about? What's it, what's going on at a Toby? What's what's the magic here? There's a top story >> there. There is, There's a lot. There's there's a lot going on and, you know, the integration with gentle of the last guest. Nine months now, when went by Fast has been It's been phenomenal, I think is, you said not only has there been a strategic fit between the product's set on DH, what were what adobes trying do overall, but a cultural fit is well. They're really dedicated to creating a new environment where people can thrive on being respectful of individuals and really driving in helping transform the world. And so when you've got a mission of really, how do you help digitally transform, whether it be two C or B to B B to be customers? It's amazing. There's just a lot a lot going on. >> Final question. What's your plans for this year? What's your goals? Grow the commerce piece get a chip didn't get available. What's the Your objectives, >> you know, continue to scale up a platform which is just phenomenal. The only one in the industry that really delivers great B to C and B to B experience is on really scale that up and helped deliver, particularly for our larger midmarket enterprise customers help them deliver on the promise that is, that is, that is the digital age >> and for customers. What should they be thinking about? Now? >> You know, it goes back to How do you really develop that? That customer journey that built a brand write The most important thing is your brand and what you're doing there. And how do you customers have? Higher in the end, user customers have higher and higher expectations these days. And how do you really follow them through? The entire customer joined in >> the Holy Grail that we've been chasing for a long time. Now we get some visibility. Yeah, absolutely. It's really coming. Markman hard here on the Q. Thanks for coming on and sharing your insights. Appreciate it. Thank you. Coverage here. I'm John with Jeff with Mark. Stay with us for more after this short break.

Published Date : Mar 26 2019

SUMMARY :

It's the queue covering Part of the big news is the adobe commerce cloud mark for me with magenta Now Adobe, in really folding into a suite of products on the experience side that What is the commerce clouds roll you know, a lot of it is just really leveraging a lot of the features of functionality that Magenta had really It's interesting you look at the slides to it. We heard that in the keynote. and be able to have all of those pieces talk to each other so that you can get everything from behavioral data front. It's all feeding the funnels, all feed to try to get that transaction. No, that's I think I agree with that. but it's it's definitely important But it's not the animal you know, How does the brand follow up and interact with the customer afterwards? What's the plan when you share some update impact These include developers, partners that are really court of the functionality. But the fit between your culture at Magenta and the Bilby culture and where they the creative side right in the products in the suite of services that the creative side of the House provides. What some of the things that you do take something that's new and One is the culture which you developed, right? But you apply that to data as well. that data out in a way that's digestible so you could take action. What some approaches that you guys How'd you get your hands on that data? One of things you tried to do with Dobie Commerce Cloud is bring together something that's already That's the best practices are distracted or approach, How do you really streamline the filming One of the comments on the Keen I thought was great from engineering talk So you know, when in doubt, err on the side of creating real the company's transformed and continues to transform with cloud with data on There's there's a lot going on and, you know, the integration with What's the Your objectives, that is, that is the digital age What should they be thinking about? You know, it goes back to How do you really develop that? Markman hard here on the Q. Thanks for coming on and sharing your insights.

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