Small-scale firms in several industries are experiencing a transformation because of the potent change-catalyst that is digital innovation. Sachin Dev Duggal, CEO, Builder.AI says that one of the trends today is that almost every business needs software to stay relevant and more and more traditional businesses are becoming digitally native.
Here, we look at a few instances of how digital innovation is improving these businesses.
1. Retail and e-commerce:
Thanks to e-commerce platforms, the retail sector has seen a tremendous shift. Through digital storefronts, small-scale shops can now provide individualized shopping experiences, effectively manage inventory, and reach a worldwide client base. Small stores may now compete with larger competitors because of the usage of digital marketing tools, data analytics, and online payment methods.
2. Food and Hospitality:
Sachin Duggal believes that digital innovation, notably through food delivery apps and online reservation systems, has revolutionized the food and hospitality sector. By collaborating with delivery services, small cafes and restaurants may now access a wider market and increase the effectiveness of their business.
3. Healthcare Services:
Telehealth and digital health technologies have changed the healthcare sector by facilitating the delivery of remote consultations and medical services by small-scale clinics and lone practitioners. Patient care delivery has changed as a result of appointment scheduling, electronic health records, and telemedicine platforms.
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Sachin Dev Duggal | Small Business Tech Trends: What's Next?
RandomSmall-scale firms in several industries are experiencing a transformation because of the potent change-catalyst that is digital innovation. Sachin Dev Duggal, CEO, Builder.AI says that one of the trends today is that almost every business needs soft...
