What does 'digital profitability' refer to in business strategy? 🔊
Digital profitability refers to the ability of a business to generate profit through digital channels and online strategies. This concept involves leveraging technology to optimize operations, enhance customer experiences, and drive revenue. It encompasses areas such as e-commerce, digital marketing, and analytics to understand consumer behaviors better. As more businesses transition online, achieving digital profitability becomes critical for sustaining competitive advantage and realizing growth in an increasingly digital marketplace.
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