AirbnbĪirbnb is an application for online vacation rental services. This will give you a clear idea of how enterprises can take advantage of developing mobile applications for their customers. Let’s talk about two such applications by big enterprises that have taken over their respective industry by storm and transformed their business growth and customers’ reach to millions through their mobile & web applications. Digital product development technologies can substantially lower many costs: search costs, replication costs, distribution costs, tracking costs, and verification costs. And, in turn, it boosts competitiveness and productivity. It also provides scope for efficiencies that can drive economies of scale, and leverage network effects. Digital product development has proven to be highly instrumental in scaling business growth by accessing new markets, expanding customer reach, growing brand awareness, enriching customer engagement, and contributing to many growth strategies.
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