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What are examples of Business Technology?
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Oct 14, 2022 · Business technology is any software, hardware, machine, equipment, tool or vehicle used by a business to create value. This includes both information technology and physical technologies such as robots or manufacturing equipment. The following are common examples of business technology.
Dec 6, 2023 · Explore digital transformation definition and examples across diverse industries. Gain insights into strategies, innovations, and the transformation for successful digital transformations.
- Communication. In the past, businesses would communicate with their customers and clients primarily through face-to-face meetings, telephone calls, or written correspondence such as letters and faxes.
- Marketing and advertising. Technology has also changed the way businesses market and advertise their products and services. In the past, businesses would primarily use print media, such as newspapers and magazines, to reach their target audiences.
- Customer service. Technology has also changed the way businesses provide customer service. In the past, businesses would have to rely on phone calls and face-to-face interactions to provide customer service.
- Data management. Technology has also changed the way businesses manage data. In the past, businesses would have to rely on manual methods like paper records and spreadsheets to store and track data.
- Speed of Digital
- Reinventing Yourself
- All in
- Data-Driven Decisions
- A Follow-The-Customer Mindset
Most people don’t think of real estate as a particularly tech-savvy sector, but RXR Realty is proving that assumption wrong. Even before the pandemic hit, the New York City–based commercial and residential real estate developer began investing in the digital capabilities that would set it apart from competitors. “Historically, real estate has been ...
The exponential growth in digitization coupled with consumer dissatisfaction with traditional brick-and-mortar banking has been driving the launch of fintechs with amazing speed over the past decade. That fact wasn’t lost on investment banking giant Goldman Sachs, which launched Marcus by Goldman Sachs in 2016. Marcus, the firm’s digital consumer b...
For Indonesian mining company Petrosea, the stakes involved in digital transformation were nothing less than survival. Industry changes, increased regulatory requirements, and society’s pushback on mining’s environmental footprint had culminated in what President Director Hanifa Indradjaya calls “an existential threat” for the company. “We’re not t...
Freeport-McMoRan is combining the power of AI and the institutional knowledgeof its veteran engineers and metallurgists to take its operations to another level. Harry “Red” Conger, chief operating officer of the Phoenix-based company, says real-time data is allowing Freeport to lower operating costs, stand more resilient in tough economic climates ...
One of the biggest transformations that’s occurred throughout the pandemic is how customers shop. Store closings pushed millions of consumers online, many for the first time. Adapting to this shift quickly and seamlessly became the order of the day for so many retailers the world over. Among them: Levi Strauss and Majid Al Futtaim Retail. As a comp...
Read this blog to learn how modern technologies like AI, ML, Blockchain, Cloud Computing, Augmented and Virtual Reality are helping businesses.
Dec 7, 2020 · AI and machine learning are revolutionizing how business development teams become hyper-focused on understanding their prospects and clients. From trends to predictive analysis and beyond, access...
There are several examples, or case studies, of successful digital transformation across a range of different industries. These real-world examples give a glimpse into the digital transformation process for both stakeholders and business leaders.
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