Download
1 / 12
1 likes | 8 Views
Machine learning is making things and technology better with time, among numerous other changes. Of these many changes, carrying out things virtually with the help of digital resources has been seen to be quite a sustainable approach. Lars Winkelbauer u2014 All About Digital Product Passports u2014 Lars Winkelbauer offers more information.<br><br>
E N D
In the current time, numerous efforts are being made to ensure that things become more sustainable. Increased awareness amongst customers in recent times has led various industries to make changes in their processes. Not only does this put them ahead of their competitors, but it also gains them the favor of their customers. Technology has been leading the way when it comes to sustainability on many fronts. Things such as blockchain have been increasingly favored. Artificial intelligence is being integrated into numerous systems.
Machine learning is making things and technology better with time, among numerous other changes. Of these many changes, carrying out things virtually with the help of digital resources has been seen to be quite a sustainable approach. Lars Winkelbauer — All About Digital Product Passports — Lars Winkelbauer offers more information. Keeping this digital approach in mind, digital product passports prove to be quite an effective way to go. It is so because they offer various benefits, some of which are discussed below.
Improving Product Value When it comes to a product, it is quite important to know how it is made, what has been used in making it and more. When proof for all of the information is provided and ensured to be sustainable, it significantly adds to the overall value of the product. This approach can also help mitigate numerous possible conflicts and quality issues.
Customer Engagement When all the details related to the product are provided to the consumer with the help of a digital product passport, it adds to the trust. It must, therefore, be understood that the customer then becomes more comfortable spending on the product. This significantly increases customer engagement.
Protection Against Fraud The current times have seen the issue of counterfeiting gradually increase. A digital product passport cannot only provide people with information but also be proof of authentication of the product. The use of blockchain in such cases can be very useful. The customers thus engage with the brand, trusting its authenticity and gaining value for their money.
Improved Customer Satisfaction A digital product passport can help a company better put out the idea behind the product. This helps them stand apart from their competitors. The way of communication can add much value to the product. The customers engage with the brand more authentically, and this, in turn, adds to that satisfaction.
Transparent Approach A digital product passport lays down all the information regarding a product in a concise way that can be comprehended with ease. Thus, it provides a transparent way of showcasing a brand’s authenticity and its genuine purpose to comply with sustainability regulations. This can benefit a brand in numerous ways.
Improving Efficiency The use of digital product passports can help streamline and better manage the overall data generated. This can greatly improve efficiency and reduce the numerous costs involved.
Conclusion There are many changes of the kind that are being put into action across the globe. The blog Lars Winkelbauer | AI, Crypto, Blockchain and Sustainability helps you be better informed about such topics. Source Credit: https://larswinkelbauer.medium.com/lars-winkelbauer-benefits-of-digital-product-passport-08915f3c832a
