{"id":24573,"date":"2021-05-29T05:52:31","date_gmt":"2021-05-29T05:52:31","guid":{"rendered":"https:\/\/rbsitsoftwaresolution.com\/blog\/once-a-buzzword-digital-transformation-is-reshaping-markets.html"},"modified":"2021-05-29T05:52:31","modified_gmt":"2021-05-29T05:52:31","slug":"once-a-buzzword-digital-transformation-is-reshaping-markets","status":"publish","type":"post","link":"https:\/\/www.rbsitsoftwaresolution.in\/blog\/once-a-buzzword-digital-transformation-is-reshaping-markets.html","title":{"rendered":"Once a buzzword, digital transformation is reshaping markets"},"content":{"rendered":"

The notion of digital<\/span> transformation evolved from a buzzword<\/a> joke to a critical and accelerating fact<\/a> during the COVID-19 pandemic. The changes wrought by<\/a> a global shift to remote work and schooling are myriad, but in the business realm they have yielded a change in corporate behavior and consumer expectation \u2014 changes that showed up in a bushel of earnings reports this week.<\/p>\n

TechCrunch may tend to have a private-company focus, but we do keep tabs on public companies in the tech world as they often provide hints, notes and other pointers on how startups may be faring. In this case, however, we\u2019re working in reverse; startups have told us for several quarters now that their markets are picking up momentum as customers shake up their buying behavior with a distinct advantage for companies helping customers move into the digital realm. And public company results are now confirming the startups\u2019 perspective.<\/p>\n

The accelerating digital transformation is real, and we have the data to support the point.<\/p>\n

What follows is a digest of notes concerning the recent earnings results from Box, Sprout Social, Yext, Snowflake and Salesforce. We\u2019ll approach each in micro to save time, but as always there\u2019s more digging to be done if you have time. Let\u2019s go!<\/p>\n

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Customer experience and digital transformation concepts are merging during the pandemic<\/a><\/p>\n<\/blockquote>\n

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Enterprise earnings go up<\/h2>\n

Kicking off with Yext<\/a>, the company beat expectations in its most recent quarter. Today its shares are up 18%. And a call with the company\u2019s CEO Howard Lerman underscored our general thesis regarding the digital transformation\u2019s acceleration.<\/p>\n

In brief, Yext\u2019s evolution from a company that plugged corporate information into external search engines to building and selling search tech itself has been resonating in the market. Why? Lerman explained that consumers more and more expect digital service in response to their questions \u2014 \u201cwho wants to call a 1-800 number,\u201d he asked rhetorically \u2014 which is forcing companies to rethink the way they handle customer inquiries.<\/p>\n

In turn, those companies are looking to companies like Yext that offer technology to better answer customer queries in a digital format. It\u2019s customer-friendly, and could save companies money as call centers are expensive. A change in behavior accelerated by the pandemic is forcing companies to adapt, driving their purchase of more digital technologies like this.<\/p>\n

It\u2019s proof that a transformation doesn\u2019t have to be dramatic to have pretty strong impacts on how corporations buy and sell online.<\/p>\n

Article source: http:\/\/feedproxy.google.com\/~r\/techcrunchIt\/~3\/a5d063T3KE0\/<\/p>","protected":false},"excerpt":{"rendered":"

The notion of digital transformation evolved from a buzzword joke to a critical and accelerating fact during the COVID-19 pandemic. The changes wrought by a global shift to remote work <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[19],"tags":[25],"class_list":["post-24573","post","type-post","status-publish","format-standard","hentry","category-enterprise-software","tag-enterprise"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t