Technology Use in Marketing and New Offering Development

Subject: Marketing
Pages: 2
Words: 290
Reading time:
< 1 min

The use of technology in marketing is an essential tool and driver and a crucial aspect of business marketing today. The use of technology in marketing and for daily routine operations implies superior stages of effectiveness, larger earnings, and the use of technology that the competitor does not possess definitely adds to the brand reputation and in turn the overall value of the product and company.

Technology that can be effectively used to harness greater results include the likes of Video Conference, Web Conference, Conference Calling, Kiosks in Marketing.

Telephone Systems or the upgrading of existing telephone systems. Technology also includes tools such as ‘VoIP’ Internet or Broadband Phone Services which have become an important aspect of any reputable company.

Today the Internet plays an important role to companies who want to comprehend their consumers better and consequently devise innovative techniques of associating with them by using technological tools.

The Internet can be used to fabricate knowledge and data within businesses by developing Web applications, Market knowledge databases, Online communities such as social networking groups, and IT Tools to support marketing, for example, your GIS, project management, competitive intelligence gathering, or data analysis tools. Several other technological tools that are a prerequisite today are Websites, Web-applications, Customer and market knowledge databases, Online communities and websites, and other IT tools for marketing.

The dynamics of technology have made new product development one of the most powerful business marketing activities. Firms should innovate in order to survive the influence of which is exposed in several studies and managing and marketing a new product is a key to a healthy organization.