The future belongs to those who adapt.
Global investment into Digital Transformation is reaching $2.3 trillion by 2023
What is Digital Transformation?
Digital transformation is the process of using digital technologies to create new — or modify existing — business processes, culture, and customer experiences to meet changing business and market requirements. This reimagining of business and in the digital age is digital transformation.
As we move from paper to spreadsheets to smart applications for managing our business, we have the chance to reimagine how we do business how we engage our customers and stakeholders with digital technology on our side.
Building a 21st-century business on stickies and handwritten ledgers just isn’t sustainable. Thinking, planning and building digitally sets you up to be agile, flexible, and ready to grow.
As digital technology evolved, people started generating ideas for using business technology in new ways, and not just to do the old things faster. This is when the idea of digital transformation began to take shape. With new technologies, new things and new ways of doing them were suddenly possible.
The Future
Digital Transformation doesn't mean changing your business model or making it exclusively online. It simply means to create ways in which each business utilise the power of digital tools to create growth, revenue, and meet customer demands and expectations.
People live in a digitalized world and constantly expect technology to work for them. This is reflected in their expectations when it comes to buying products and living experiences.
For this reason, organizations in almost all sectors need to continuously invest in advances that satisfy employees and potential customers. Companies that make up the industrial sector are mostly exposed to the changes that digitalization is producing.
These changes have arisen from the progress that has taken place in today’s industrial, business and social environment. new IoT platforms (Internet of Things), Cloud Computing, Big Data, and Artificial Intelligence platforms among others.