You asked: What are the advantages of a business which is digitally transformed?

What are the benefits of digital transformation for a business?

Key Advantages of Digital Transformation

  • Improves Customer Acquisition and Retention. By relying on legacy systems infrastructures, businesses risk losing customers to digitally equipped competitors. …
  • Extends Global Reach. …
  • Increases Sales and Overall Profitability. …
  • Enhances Customer Experience.

Why digital technology is important in business?

Technology helps increase the efficiency of systems, products and services. It helps track and streamline processes, maintain data flow and manage contacts and employee records. In fact, this increased efficiency in operation helps reduce costs as well as enable the business to grow rapidly.

What digital transformation means for business?

Digital transformation is the process of using digital technologies to create new — or modify existing — business processes, culture, and customer experiences to meet changing business and market requirements. … It transcends traditional roles like sales, marketing, and customer service.

What is one of the advantages of digital transformation strategic Mcq?

what is one of the advantages of digital transformation strategic? This pillar helps the company to create new automation processes, better design and improvements in processes.

What are 5 Advantages of digital marketing?

10 Advantages Of Digital Marketing Over Traditional Marketing

  • Low cost: Marketing and advertising cost is one of the biggest financial burdens that businesses have to bear. …
  • Huge return on investment: …
  • Easy to measure: …
  • Easy to adjust: …
  • Brand development: …
  • Easy to share: …
  • Precise targeting: …
  • Global:
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