Digital Will Replace the Physical
It’s not exactly going to happen but the digital enables the elimination of inefficient intermediaries and cost incurred on infrastructure but it won’t mean that physical goes entirely, it is been well document many retailers and consumers are finding a way to create hybrid of physical and digital that taps into the advantage of each.
The myth “digital requires radical disruption of the value proportion”
The Journey from Traditional to Digital
The Journey from Traditional to Digital: For long decades the exchanging of assets and the values are served to the customer. In the end this is not a challenge – Afterall, the computer software has been around decades and bought changes both to products and services.
Digital technology is no longer in the cordoned-off Domain of IT. It is being applied to every part of the company value chain. In the era where the computer has taken place in the pocket and your wrist where this software in the form of apps can be easily customized. Where these apps can reach people anywhere. Facing the reality digital transformation to involved with the radical disruption of the business. By exit to the physical channel and entering into the virtual world, RADICAL DISRUPTION in sense of innovation blows up to the existing system or process and replace it with something entirely new.
A group of potential customers with an unexpected reach to the large scale audience is much greater than the domestic. The digital platforms give the expansion to reach our target audience.
“IT’S NO LONGER THE BIG BEATING THE SMALL BUT THE FAST BEATING THE SLOW”
DIGITAL INVOLVES CREATING START-UPS
We are in the Myth of transforming the business into the digital world and for that, we need the new technology or idea to acquire something new. Being startup this approach can kill the culture and the idea, chasing away the talent required during its creation. It’s not necessary to leave the old and grab the new; old can innovate with the digital tools.
The business is not only about transformation or adopting the change, but it is also beyond that by letting your existing customers be aware of accessibility.