Nike Nike is another brand that applied effective digital transformation strategies to retain its customers and Data analytics as a strong digital transformation strategy They also diverted to digital marketing to reach more customers and allow room for more customers For Nike this strategy may have worked the same strategy wouldnt have been effective for Comcast Netflix Just like every brand before Netflix there were other brands A major brand before Netflix was Blockbuster Blockbuster and Netflix were in close competition as they offered the same services entertaining services
However the blockbuster was quickly replaced by Netflix Netflix applied a type of digital transformation strategy that Blockbuster may have failed to apply Netflix researched and developed machines that help select customers India Phone Number interests This way one will likely come across similar videos as they use Netflix Further Netflix gave customers details about videos that were out of stock This way they were able to save customers the efforts of going to rentals To Wrap it Up Digital transformation is beyond incorporating digital components into your brand Digital transformation is more about making do with both digital and manual components of brand growth strategies
Any brand that is able to efficiently utilize both components will create the best values for customers We cannot undermine the role of digital transformation in customer retention Applying the right strategy will cause an increase in your customer retention rates Invariably an increase in your companys revenue There are different digital transformation strategies that work for different brands In this article We extensively discussed three major brands and the digital transformation strategies they appliedThis data point has persisted for at least years Perhaps if updated it would be even worse.