Digital Transformation
The act of employing digital technology to build new business processes, cultures, and customer experiences or adapt current ones in order to satisfy shifting business and market requirements is known as digital transformation. Digital transformation refers to this reinvention of company in the digital age.
Cost savings, increased productivity, better customer experiences, and assuring governance and compliance are some common motivations of digital transformation. But the desire for survival is by far the main driver of this shift in business practises.
The practise of using developing digital technology to address business issues by improving methods, improve customer experiences, and introducing innovative business models is at the heart of digital innovation.
It describes the process by which a business tries to transform its business operations using technology in today's era of digital change so that they may use their knowledge, successes, as well as opportunities, more effectively.Utilizing digital technologies to automate or upgrade current business processes is known as process transformation. This might involve using artificial intelligence to speed up decision-making or automating data entry. Robotic process automation, for instance, may replace manual procedures used in supply chain management, procurement, and other administrative tasks.
- Business Model Transformation
- Digital Process Transformation
- Digital Cultural/Organizational Transformation