Digital innovation refers to the use of technology to create new products, services, or processes that improve efficiency, effectiveness, and customer satisfaction. This can include the use of software applications, cloud computing, emerging technologies such as artificial intelligence, blockchain, augmented and virtual realities, and the internet of things. The use of digital innovation can help businesses reach and engage customers in new ways, streamline processes, and gain insights into customer behavior, enabling them to transform several industries, such as healthcare, finance, and retail.
One of the key benefits of digital innovation is its ability to help businesses reduce operational costs. For example, by using cloud-based software and mobile apps, businesses can reduce the need for expensive hardware and IT infrastructure. This can help them save money on maintenance and support costs, as well as reduce the need for IT staff. Also, digital innovation can help businesses streamline processes, such as supply chain management and inventory control, which can help them reduce costs and increase efficiency.
Digital innovation can help businesses grow revenue by providing new ways to reach and engage customers such as mobile apps, metaverse, and augmented reality to connect with customers and promote their products and services. Another key benefit of digital innovation is its ability to help businesses gain insights into customer behavior. By using NLP, data analytics, and artificial intelligence, businesses can gain a better understanding of customer preferences, needs, and behaviors. This can help them create more personalized products and services, which can lead to increased customer satisfaction and loyalty.
It is expected that there will be a significant increase in the number of cloud-native applications available globally by 2025 as businesses adopt these technologies to achieve strategic goals. The use of cloud-native applications allows businesses to easily scale. Additionally, cloud-native applications are typically more secure and reliable than traditional on-premises software, which can help businesses reduce the risk of data breaches and other security threats.
From frequent-flier deals to we-miss-you discount deals, rewards programs have been acting as powerful tools to accelerate customer loyalty life cycle. Although sometimes the tactic is misunderstood and misapplied, they are still one of the top strategies to easily identify customer behavior, refine your business model, and motivate sales. But choosing the right Reward Program can make all the difference.
Cloud technology has emerged as the cornerstone for digital transformation. It helped companies enable agility, spur innovation, and optimize costs. Today, most companies are adopting cloud services to strengthen their business model and repair damage done by the COVID-19 pandemic. The global pandemic dented formats and SOPs and fundamentally transformed business operations. Given the significance, it's crucial to pick a service provider that best aligns with your company's unique characteristics and objectives.
Software innovation driving business value has been the main point of focus for organizations over the years. Although executive leadership has led the business aspect for a long time, it necessarily didn’t have to delve into the software development side of it. However, as times change, high business stakes and rapidly growing digital maturity require executive leadership to step into the world of software and ensure continuous delivery of value to customers.
In today’s ever-changing technology landscape, minimum viable enterprise architecture is an indispensable part of your go-to-market strategy. Minimum viable enterprise architecture also referred to as “just enough architecture” has emerged as an effective way to take your idea to the market quickly, gather feedback from your customer base and make changes accordingly – In this, the foundational elements of the product are architected first and then the architecture evolves continuously.
Secure access to applications from anywhere and on any device has become imperative for all businesses that aspire to expand. Cloud technology has made this possible with companies reaping significant benefits in terms of flexibility, stability, and scalability. However, there are certain challenges to cloud computing, that could offset the potential advantages and may lead to loss of business and/or reputation.
Enterprises worldwide are striving to have applications that are both robust and responsive. So, their technology teams are exploring ways to achieve that through improved Performance Testing. There are different kinds of performance tests to ensure the program’s speed, scalability, and stability aren’t compromised under any browsing condition.
The advancements of AR/VR in Healthcare are redefining diagnosis, consultation, collaboration, training, and many other aspects around them. With the onset of the COVID-19 and the increase in medical emergencies, investments in Healthcare Tech witnessed a sudden surge in tools that enable self-service and predictive analytics. Don’t be surprised when we say Healthcare Tech is the second biggest marketplace for AR/VR technologies after Gaming.
What is Business Intelligence - Is it just about dumping all the data from each functional business unit into a huge cloud storage bin? Hooking multiple tools to the current structure to read between lines? Running a bunch of ‘proven’ algorithms to obtain colorful dashboards filled with graphs and charts? We believe Business Intelligence goes way beyond Information Management.
Relaxation of COVID Restrictions across the globe is providing an opportunity for hospitality industry to get back to normal. However, to make the most of this opportunity, they need adapt to new QSR technology trends. From automation to artificial intelligence, every breakthrough in technology is supporting QSR digital transformation. So without further ado let’s look into some of the groundbreaking trends of Technology in Restaurants.
High response time on a critical business transaction is always a nightmare for performance engineers. There are a lot of things that can contribute to performance issues like the Network issues, Web Server, App server, Database server or Code itself. Finding out the bottleneck is still one of the hectic jobs in performance engineering especially when you don’t have correct monitoring in place.