Traditionally, companies use the DIAI (Data-Insights-Actions-Impact) framework in a bottom-up manner, analyzing existing data to refine their business models. However, the book highlights a fascinating twist: digital natives are leveraging the DIAI in a top-down way to achieve transformational value.
This approach flips the script. Instead of reacting to data, digital natives start with a clearly defined vision based on data insights. This vision then dictates the data collection, analysis, and actions needed to achieve a significant impact.
The book talks about Uber leveraging the DIAI framework top-down approach for the creation of a revolutionary ride-hailing platform.
A similar example that springs to my mind is Beyond Meat - a Los Angeles–based producer of plant-based meat substitute.
Impact: Beyond Meat identified a growing consumer demand for sustainable and healthy alternatives to meat. Their goal was to create plant-based products that could reduce reliance on animal agriculture and reduce environmental impacts.
Actions: The company focused on replicating the taste and texture of real meat using plant-based ingredients, engaged in targeted marketing campaigns aimed at environmentally conscious and health-conscious consumers and collaborated with restaurants and retail stores to increase product availability.
Insights: Beyond Meat conducted extensive consumer research to understand motivations and preferences, monitor product adoption and market share growth, and analyze social media sentiments to assess public perception and brand awareness.
Data: The company utilized data from customer surveys, focus groups, sales figures, and social media analytics to gather feedback on product taste, track sales trends, and evaluate public discussions about plant-based alternatives.
This strategic top-down approach enabled Beyond Meat to become a leader in the plant-based meat market, influence consumer behaviour, and pave the way for other companies in the industry, all while contributing to the reduction of the environmental footprint of animal agriculture.
