Final answer:
Deere's digital transformation has improved efficiency, enhanced customer experience, and expanded digital services and products. All of these factors have changed its business model.
Step-by-step explanation:
Deere's digital transformation has significantly changed its business model by improving efficiency and reducing costs, enhancing customer experience and engagement, and expanding digital services and products.
- Improved efficiency and reduced costs: Deere has adopted advanced technologies, such as IoT and data analytics, to optimize its product development, manufacturing processes, and supply chain management. This has resulted in streamlined operations, reduced downtime, and improved cost-effectiveness.
- Enhanced customer experience and engagement: Deere has developed digital platforms and applications that provide personalized experiences and allow customers to access information, make purchases, and connect with the company more conveniently. These initiatives have strengthened customer relationships and increased satisfaction.
- Expanded digital services and products: Deere has introduced innovative digital solutions, such as precision agriculture technologies and remote monitoring systems, which enable farmers to optimize their operations, increase productivity, and make data-driven decisions.
Therefore, the correct answer to the question is d) All of the above, as all these factors have played a role in Deere's digital transformation and its impact on the business model.