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Embracing Data and Digital Transformation Are Vital for Growth
Digital transformation in business can take your company in a new direction while solidifying the impact of your existing services. Briefly, digital transformation converts your business processes to digital services in one or more ways. There are numerous possibilities, but one can be an advantage. An overall strategy that emphasizes digital can be like a business superpower.
Our collaborative blog, Embracing Data and Digital Transformation are Vital for Growth, offers an overview of the most robust digital controls your business can use for greater process efficiency. After all, embracing data is an essential hallmark of a company that utilizes the latest technology for productivity.
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Digital Banking and Fintech
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One of the most valuable and prominent digital services for any business is within the financial realm. We all use digital banking services, and your business is no exception. From accepting crypto to the secure merchant services you partner with, money can become more than something to trade. Other fintech products include using the blockchain for digital ledgers, maintaining compliance, and investing using popular apps.
Data and Digital Transformation in Business
Digital data is a popular method of finding new ways to enhance business. Analytics can find creative ways to act on specific decisions that are more likely to be relevant to a company and its customers or employees. It’s easier than ever to analyze data using apps and software.
The results are so powerful that over 90% of companies benefit from data analytics. Modern examples include using website data to see which pages customers interact with.
Application Integration
We use many apps and software suites daily, but there is room for confusion when using multiple apps. There is also a cost associated with paying numerous vendors for licenses. Why not have a single location that allows easy access to all the tools and quotes you need? Fortunately, the digital transformation revolution hasn’t escaped the notice of developers actively making integrating popular apps easier.
Using Data for Customer Insights
There are many uses for data. One of the most valuable parts of your digital transformation is gaining valuable customer insights. You can then use these insights to make actionable decisions about your ongoing business. Here are popular ways to gather customer data:
- Conduct research surveys of consumers you want to target.
- Complete interviews with a wide range of demographics to find the most suitable.
- Use predictive algorithms to analyze data patterns through behavior.
- Monitor social media groups for target demographics to improve customer loyalty.
- Ask customers for feedback about your products and services.
Any one of these can yield substantial amounts of data related to insights. However, they must all be focused on specific demographics, which allows you to focus on marketing and branding efforts. A combination of multiple customer insight analyses provides a decisive sector advantage.
Enhanced Customer Experience
Customers expect digital interactions with modern businesses. This includes accessing services, paying for goods and services, and handling errors daily. Going digital and investing in a new IT structure allows your business to address these more easily. As a result, the customer experience is enhanced, and everyone is happy! This goes a long way to impact your overall customer service efforts for a memorable interaction.
Digital Transformation in Business with Collaboration
We all work better when we work together! Well, not really, but collaboration can be a massive help in many business situations. In turn, this drives productivity and profit! This is evident in that over 80% of companies that use collaboration tools for data transformation have reported increased revenues. There are various types of collaborative activities. In a business sense, popular apps include Asana, Zoho, and remote calling solutions such as Microsoft Teams, Zoom, and Skype.
Agility and Productivity
The ability to push products faster than competitors is a massive business advantage. Digital solutions provide the frameworks for doing just that. There is also an obvious benefit in the fact you can adapt much quicker to changes. Workflows are then improved substantially, and productivity increases. This is evident when you automate specific tasks that help increase the speed and efficiency at which typically manual tasks can be completed.
In Conclusion: Data and Digital Transformation Are Vital for Growth
Digital banking services and fintech are parts of digital transformation in business. You can also use digital services to gather insightful data on your customers. One of the best benefits of digital data is that you can stay competitive, improve productivity, and automate manual tasks. It can take some time to set up correctly, but a digital overhaul will positively impact visibility and growth.
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Sales Tips: Data and Digital Transformation Are Vital for Growth
- Know the needs and desires of your audience, including your next new employer, in detail. Be Inspired and Inspiring!
- Research the latest technology news and then visit specific sites to learn more.
- Prioritize the latest technology that interests you the most.
- Adapt new technology to your work style to remain authentic and retain your brand.
- Commit to improving efficiencies in your everyday efforts.
- Test one new tech app at a time to see if it works well and complements your other efforts.
- Upon observing new tech strategies, research how to implement them individually to ensure they work well.
- Attend conferences, read newsletters, and speak with peers to learn more.
- Monitor your original effort against implementing the new one to ensure it works well.
- Today’s insights are provided to help you achieve the Smooth Sale!
Today’s insights are provided to help you achieve the Smooth Sale!
RESOURCES FOR PERSONAL AND BUSINESS GROWTH:
Advisorpedia Publishes information to help advisors build their practice, and those interested in the markets choose investments and find inspiration.
BabyBoomer – A trusted media source that collects and curates all the news and resources, plus offers a wide variety of excellent courses for the Baby Boomer generation.
BizCatalyst360 Presents a life, culture, and biz new media digest as a hub of creative expression and personal growth.
CatCat: Build your future one skill at a time.
ContactOut is a web-based platform that enables users to search for contact information and uncover contact details, including email addresses, phone numbers, and other personal data.
Executives Diary Magazine Features leaders from varying fields sharing their inspiring stories, including Elinor Stutz.
Fedica Realize your followers’ interests to create tailored content to encourage a returning and referring clientele.
Greg Jenkins Consulting LLC – Helping organizations realize the value of diversity to build inclusive, evolving, high-performing cultures.
Growth Hackers – Helping businesses globally grow with lead generation, growth marketing, conversion rate optimization, data analytics, user acquisition, retention, and sales.
Humanology International Institute – The institution that develops and safeguards humanology as a discipline worldwide.
Inclusion Allies Coalition: “Everyone is welcome here.” Learn more to train teams and join the advocacy program.
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LinktoEXPERT “It is not who you know – who knows you and what your expertise can do for them, plus understand the value of hiring you.”
Lotus Solution LLC Helps organizations create diversity and inclusion to ensure fairness and work through customized consulting, training, and keynote speeches.
Onalytica: Find relevant influencers for your brand.
SalesPop! Purveyors of Prosperity; How to Compete against Yourself to Excel in Your Career.
Simma Lieberman, “The Inclusionist,” helps develop inclusive leaders from the inside out to champion diversity and build equitable, inclusive cultures at every level.
Yoroflow offers a comprehensive suite of digital workplace platforms to help you streamline your day-to-day operations, manage your finances, and grow your business.
Vunela Provides a unique opportunity to view Videos and read articles by World Leaders.
Win Win Women is the world’s only interactive network and an international community for women. Women WIN when they receive solutions + Experts WIN when they provide solutions = Win Win Women.
