Digital Transformation Is The Future of Business
Digital transformation is the profound and accelerating transformation of business activities, processes, competencies and models to fully leverage the changes and opportunities of digital technologies and their impact across society in a strategic and prioritized way.
In a recently published article entitled, “Stop Playing Digital Roulette: Get The Right Guidance For Your Digital Strategy,” author and expert, Caroline Conlon, writes:
“Analytics, mobile apps, social networks, cloud computing, and the Internet of Things are quickly turning traditional business models upside-down. As digitization continues to move from an innovative trend to an all-encompassing reality, companies need to understand and take advantage of digital technology across all aspects of their operations.”
The development of new competencies revolves around the capacities to be more agile, people-oriented, innovative, customer-centric, aligned and efficient with present and future shifts in mind.
“There are many ways to reach a destination, but it is often difficult to find the right path. A full understanding of the potential of digital technology enables companies to make informed decisions about their path to digital and in which areas to invest,” Conlon writes.
Digital transformation aims to create the capabilities of fully leveraging the possibilities and opportunities of new technologies and their impact faster, better and in more innovative way in the future.
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