In today's digital age, businesses are constantly evolving to stay competitive in the market. One of the key strategies for success is translating the traditional business model into a digital business model. This transformation is essential for reaching a wider audience, increasing efficiency, and staying ahead of the curve.
Here are some crucial statistics to consider when making this transition:
Statistic | Percentage |
---|---|
Percentage of global population using the internet | 59.5% |
Percentage of online shoppers who prefer mobile apps for shopping | 67% |
Percentage of businesses that have a digital transformation strategy in place | 87% |
By leveraging digital technologies and strategies, businesses can streamline operations, improve customer experience, and drive growth. Here are some ultimate strategies for translating the business model into a digital business model:
By incorporating these strategies, businesses can successfully transition into the digital realm and thrive in today's competitive landscape.
Source: Data compiled from various industry reports and studies.