• 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
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