Open post Availability heuristic

Availability Heuristic and Representativeness Bias: How to deal with it as Developer

Availability heuristic was first introduced in 1973 by psychologists Amos Tversky and Daniel Kahneman in the paper titled “Availability: A Heuristic for Judging Frequency and Probability.” Tversky and Kahneman explain that the availability heuristic is a product of human nature to rely on information that is readily available—information that is easily recalled from memory. The...

Open post Customer

8 Reasons why your Business should invest in Customer Engagement

Customer engagement is a very popular buzzword for online businesses. It measures a brand’s interactions with customers at all touchpoints during their entire lifecycle. Brands can build and strengthen a connection with customers by engaging them on a variety channels. This adds value beyond mere transactional relationships. Customer engagement has many benefits One might wonder...

Open post transformation

The 4 Stages of Digital Transformation

Digital technologies play a transformative role in modern economic life. However, most companies are still struggling to understand how to capture the various types of value these technologies provide. It is not easy to develop a strategy that fully leverages the digital value of these technologies. Firms often assume that digital technology will bring about...

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