• Data-Driven Product Expansion and Value Creation for Tech and Software Companies

  • Feb 20 2023
  • Length: 16 mins
  • Podcast
Data-Driven Product Expansion and Value Creation for Tech and Software Companies cover art

Data-Driven Product Expansion and Value Creation for Tech and Software Companies

  • Summary

  • Solo episode with Bruce Sinclair, the host of the show, discussing data-driven value creation for tech & software companies and data-driven product expansion with fintech for traditional companies.

    Product expansion driven by proprietary primary customer data excerpt: When architected correctly, smart products yield proprietary primary customer data that can be used to drive low-risk product expansion.  Like Tesla, your company can also offer insurance and other high-margin, competitively priced products that precisely fit each customer’s needs.

    Smart digital value creation for tech and software companies excerpt: Smart digital transformation can be applied to any company, but the type of company determines the specific tools needed for implementation.

    In this episode, Bruce discusses:

    • Using smart digital to understand who your customers are and what they need.
    • How to use proprietary primary customer data to underwrite fintech products like insurance.
    • Case study of Tesla Insurance.
    • How smart digital transformation is applied differently to traditional companies, tech companies and software companies.
    • The importance of value sims and how they are used.

    Related links you may find useful:

    • Article 1: Smart Digital Value Creation for Tech and Software Companies
    • Article 2: Product Expansion Driven by Proprietary Primary Customer Data
    • LinkedIn newsletter containing these and future articles
    • Season 1:Related episodes 
    • Season 2: Episodes and show notes
    • Season 2 book: The Private Equity Digital Operating Partner
    • Season 1 book: IoT Inc
    • Training: Smart  digital transformation certification
    Show More Show Less

What listeners say about Data-Driven Product Expansion and Value Creation for Tech and Software Companies

Average Customer Ratings

Reviews - Please select the tabs below to change the source of reviews.

In the spirit of reconciliation, Audible acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.