How smart products create connected customers the data streams generated by customers using smart, connected products can lead to new products and services

Leaders of companies anchored in traditional value chains can drive growth by transforming their existing customers into digital customers. Digital customers' interactions generate streams of data that can be used to create fresh revenue and expand the scope of product and service businesses. T...

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Bibliographic Details
Main Author: Subramaniam, Mohan
Format: eBook
Language:English
Published: [Cambridge, Massachusetts] MIT Sloan Management Review 2022
Edition:[First edition]
Subjects:
Online Access:
Collection: O'Reilly - Collection details see MPG.ReNa
Description
Summary:Leaders of companies anchored in traditional value chains can drive growth by transforming their existing customers into digital customers. Digital customers' interactions generate streams of data that can be used to create fresh revenue and expand the scope of product and service businesses. To achieve this, however, leaders must shift strategic priorities and develop new marketing, business, and revenue- and profit-generation models
Item Description:Reprint #64126
Physical Description:7 pages illustrations