What does the term 'digital innovation' refer to in business development? 🔊
The term digital innovation refers to the use of digital technology to develop new or improved products, services, and processes in business development. It encompasses the integration of emerging technologies such as AI, IoT, and blockchain to enhance operational efficiency and customer experiences. Digital innovation enables organizations to adapt to changing market demands and foster a competitive edge. By embracing new digital strategies, businesses can bring transformative changes that drive growth and sustainability.
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