Digital Value Creation

Effective digital evaluation relies on four foundational pillars, Key levers for value generation etc.

What you'll learn
Effective digital evaluation relies on four foundational pillars
A typical digital value creation lifecycle
Key levers for value generation
Acceptance of digital value creation in organization
Three tech pillars driving value creation for PE portfolio company's
How to manage your digital footprint

Requirements
Desire to learn more about digital value creation
No special requirement

Description
Companies working on digital innovation can create increased revenue from customers through cross - selling- selling different things to an existing customer- and new offerings. Companies also benefit from increased customer stickiness as customer keep coming back- digital initiatives allow firms to expand their knowledge about customers and offer them more choices. Companies were about 40% effective on average at creating value from customers. Before diving into technicalities, businesses must first define the broader objectives they hope to achieve through digital transformation. A common mistake organizations make implementing digital technologies without fully understanding how they align with their business goals. To avoid this, leaders must ensure that digital initiatives directly contribute to the company's strategic objective, whether it's improving customer experience increasing operational efficiency or enabling new revenue streams. It is also important to engage all departments and key stakeholders to determine where digital technologies can have the greatest impact.

Through technology-led e-commerce and marketing strategies, businesses leverage their digital channels and targeted marketing to penetrate new customer segments leading to increase customer engagement. Businesses can expand their servicing capabilities by helping customers directly through remote delivery and indirectly with the use of virtual chat bots. Both provide a scalable platform to expand service capacity, significantly reduce overhead and labor costs, improve customer satisfaction, and accelerate the sales conversion process. Additionally data collected on these platforms provides greater customer insight, which can further enhance revenue generation capabilities. By leveraging artificial intelligence, businesses can extract greater value from their proprietary data. For instance, it can drive anywhere from 10% to 45% of sales growth for consumer-packaged goods companies.

Who this course is for
CEO, CIO, COO, managers, directors, consultants, government, employees stakeholders, company's, corporations, founders, business people, general public etc.