The year 2020 changed every little and significant aspect of our life. Our lifestyle was altered drastically from how we shop to where we work. The eCommerce world quickly adapted to changes to survive the pandemic waves. Life before COVID-19 seems like a distant memory now. Business owners and merchants rely heavily on market analytical data to guide their eCommerce companies to continue growing and thriving during these unprecedented times.
The eCommerce industry got a significant boost due to everything shifting online. Intelligent marketers knew how to use this opportunity to their advantage and thus managed to make it through the one most difficult times in the global economy. This blog discusses the Impact of COVID-19 pandemic on digital transformation and trends in the eCommerce world.
Digital Transformation Movement
Digital transformation is not a new concept in the industry. Brands have slowly adapted to the digital world, but the pandemic forced companies to transform their business digitally. It created immediate opportunities in the job market, but brands also started investing in innovative technology.
eCommerce platforms like Magento became the face of digital retail transformation. This is primarily because of the range of benefits like SEO services and robust security offered to the clients. Magento development allowed business owners and merchants to customize their websites and accommodate the client’s budget constraints. Other similar eCommerce platforms followed suit.
The Aim of the Magneto or similar platforms was to create a thriving and healthy environment for businesses of all sizes. Vendors could expand and enhance their brand by reaching out to clients worldwide through such platforms. Another thing that one should know is that digital transformation differs from business to business. Even though the end goal is to get their business online, how they do it, how much they invest, and what strategies they implement entirely depend upon the company’s needs.
Notable Digital Transformation Trends
Some trends that supported digital transformation during the pandemic are listed below.
- Consumer-friendly Apps
To ensure that COVID-19 guidelines were followed, consumers started shopping online to decrease any chances of exposure or contact with the virus. Firms launched their app compatible with all types of smartphones to give the best shopping experience to their customers. The apps were designed so that customers could easily navigate, select products, and complete the shopping process through a safe transaction.
- Enhanced Utilization of AI
Artificial Intelligence is a crucial component of digital transformation; it gives firms a competitive advantage over each other. Data analysis falls under the umbrella of AI. Developers use programming languages to develop extensive algorithms and platforms to cater to the needs of the business. Such algorithms, combined with data analytics, serve as solutions for eCommerce solutions.
- Greater investment in Security
The internet can be dangerous, especially for companies with vulnerable security walls. Hackers can penetrate these walls and steal money or sensitive information from your website. An increase in the rate of digital transformation meant more excellent development and investment in cybersecurity. eCommerce platforms like Magento already have an inbuilt security plan, but they also encourage customers to install additional security plugins or extensions to make their site more secure.
Market research predicts a further increase in how companies are digitally transforming. Considering external and internal factors, it is difficult for a company without any digital representation to surviving the cut-throat competition. Hop on these trends if you haven’t already.
Guest article written by: Jennifer Simon is working as an eCommerce expert at Virtina. She has 10+ years of experience working with leading companies from all industry verticals including B2B and B2C clientele. Furthermore, she is a passionate blogger and has tried to bring the latest news on eCommerce to the general public in a manner that they best understand.