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⍰ ASK What impact does digital transformation have on traditional business models?

The shift to digital has a big impact on how traditional businesses work, changing how they operate, add value, and connect with individual customers. First off, it often shakes up the usual ways of doing things, questioning the old norms and pushing for a move from focusing on products to focusing on what the customer wants.

To keep up, companies need to be agile and open to new ideas. This means rethinking how they do things, using new tech, and building a culture that's all about getting better all the time. Digital changes also push for a data-driven approach, where decisions are based on what's happening right now, helping companies respond quickly to what's going on in the market.

As digital stuff keeps growing, customers want more. They expect experiences that are tailored to them, easy to use, and fit together smoothly. To keep up, companies need to invest in tools like customer relationship management (CRM) systems, data analytics, and strategies that work across different channels. This way, they can give customers a connected and responsive experience.
 

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