Technology plays a crucial role in helping businesses adapt to market changes. Here are some ways it can assist:
Data Analytics: Advanced analytics can provide insights into market trends and consumer behavior, aiding in decision-making. Automation: Automating routine tasks can free up resources to focus on strategic initiatives. Digital Marketing: Leveraging digital marketing can quickly adapt to changing consumer preferences and reach new audiences. E-commerce Platforms: Expanding to online sales can mitigate the impact of physical store limitations and reach a broader customer base.