Digital Transformation Quiz

Some trends encouraging digital transformation include changes in social and customer behavior, the shift of shoppers starting their purchase paths online, and the influence of the digital world on the customer journey.

Digital transformation refers to the process of using digital technologies to create new or modify existing business processes, culture, and customer experiences to meet changing business and market requirements.

The customer journey has changed as people now interact with businesses, products, and each other in new ways. Shoppers are starting their decision-making process by researching items online, and web browsing has replaced window shopping.

<p>Big data plays a significant role in the new era of digital transformation. It provides valuable insights and analytics that businesses can use to make informed decisions and drive innovation.</p> Signup and view all the answers

<p>For some industries, the digital world acts as the catalyst for change, driving the need for digital transformation. However, for others, the reverse is true, where changes in social and customer behavior are influencing the digital movement.</p> Signup and view all the answers

<p>Business method patents are a class of patents that disclose and claim new methods of doing business.</p> Signup and view all the answers

<p>Business method patents can be granted for new types of e-commerce, insurance, banking, tax compliance, and more.</p> Signup and view all the answers

<p>The tests of patentability include patentable subject matter, novelty, inventive step or non-obviousness, and industrial applicability (or utility).</p> Signup and view all the answers

<p>A business method may be defined as 'a method of operating any aspect of an economic enterprise'.</p> Signup and view all the answers

<p>Business method patents have become important assets for both independent inventors and major corporations.</p> Signup and view all the answers