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Unpacking Coca-Cola's digital strategy: From AI to next-gen tech – BeverageDaily.com


Digital is no longer a fancy idea: it’s a ‘must-have’ for big companies in today’s day and age. But what can digital deliver and how can digital add value?

“The word digital is maybe the most used and in the lexicon of business today with so many different ways to interpret and describe it,” said John Murphy, president and CFO, The Coca-Cola Company, as he unpacked the company’s digital strategy during The Redburn CEO Conference last week.

“I think about digital in three ways. One as a capability; and number two, as a medium; and, then number three, as a disruptor.”

Digital as a capability

Digital is a must-have in this day and age, said Murphy. That means starting with a functional base – ensuring that the technical nitty-gritty is in place and delivering –  before building on that base to explore the wider potential of digital.  

“We’re just in the final stages of a very, very large upgrade in our ERP [enterprise resource planning] system to SAP S/4HANA,” said Murphy, referring to the system which boasts built-in intelligent technologies including AI, machine learning and advanced analytics.  “We have migrated our entire business to the cloud over the last three or four years. We have standardized our technology platforms.

“These are all, what I would call, foundational capabilities that are a must have. There’s no alternative but to be effective in today’s world than to have those in place, integrated and wired in the right way.

“On top of that comes what I would call it, the next phase of more and more advanced set of capabilities that, in the area of marketing, for example, allows us to have the data sets, the tools in place in order to actually leverage the investments that we’re making in the foundational level. And I put the whole cyber capabilities into that next stack given the importance for companies like ours to be able to run a business inside a safe environment.”

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