3 Ways To Reinvent Your Products And Services For The Future
Discover how your business can thrive in the rapidly evolving digital landscape by augmenting existing offerings, creating digital-only products.
How can businesses enhance existing products?
Businesses can enhance their existing products by integrating metaverse and web3 technologies. For instance, companies can look at how gaming platforms like Fortnite have transformed from simple games to immersive metaverse experiences. By adding features such as augmented reality (AR) capabilities, businesses can make their offerings more engaging and relevant to the evolving digital landscape.
What opportunities do digital-only products present?
Digital-only products are gaining traction as consumers are willing to spend on virtual items. For example, Fortnite players frequently purchase in-game items, demonstrating that these digital products hold real value. Companies can explore similar avenues, like creating unique digital assets or experiences that resonate with their audience, thereby tapping into new revenue streams.
What are hybrid products and services?
Hybrid products blend digital and physical aspects to enhance user experience. For example, Merge EDU has developed digital teaching aids that allow students to interact with 3D objects, enriching their learning experience. Additionally, tokenization of physical products, such as selling collectible NFTs tied to physical items, allows for innovative ownership models and can attract a broader customer base.

3 Ways To Reinvent Your Products And Services For The Future
published by Reliance Infosystems
Reliance Infosystems Group is a Microsoft Advanced Specialization Partner with Solutions Partner designations in Modern Work, Digital & App Innovation, Infrastructure and Data and AI. The group is championing business transformation for major verticals Across MEA, UK, US and Canada. We are focused on helping enterprise and midsize businesses transform their core operations to become agile, scalable and simplified by leveraging the expansive technology innovations, speed, reduced cost and unparallel flexibility resident in Microsoft Cloud. Our future-geared approach to Microsoft Cloud practices won us both the 2017, 2021 and currently 2024 Microsoft Partner of the Year for Nigeria and Botswana