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Developing a Digital Transformation Strategy

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The Digital revolution is reinventing the way businesses work globally. As the world moves towards digital transformation, the innovation and adoption of the latest technologies and practices have become very necessary for organizations. To survive in a competitive environment, companies are building and implementing such digital transformation strategies that help them to put their mark in the changing technological environment. What is digital transformation? Digital transformation refers to the on-going- process where the organization adopts digital technologies and replaces manual processes with automated ones. Digital transformation is a radical redefinition of how a company is using technology and processes to radically improve its business output. Thus, digital transformation requires teamwork across various departments and divisions of businesses. It blends entrepreneurial approaches with rapidly emerging methods of the application growth What is the need of developing a digita
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Important Digital Transformation Tips

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  Digital transformation marks a revolutionary rethinking of how a business uses technology, people and processes to fundamentally change business performance, states George Westerman, MIT principal research scientist and author of Leading Digital: Turning Technology Into Business Transformation. Ideally headed from the CEO, in partnership with CIOs, CHROs and other senior leaders, digital transformation demands cross-departmental cooperation in pairing business-focused philosophies with fast program development models. Such sweeping modifications are generally undertaken in pursuit of new business units and new revenue streams, driven by fluctuations in consumer expectations around services and products. "Client expectations are much exceeding that which you can do," states Westerman. "That means a basic truth about what we do using technologies in organizations" Digital transformation drivers For the last several years, businesses have embarked on digita
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Digital Transformation Myths and Trends in 2020-2021

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  You have been hearing about Fourth Industrial Revolution. It's most likely the hottest topic for organizations, thought leaders, policy makers, scientists and ofcourse technocrats. Klaus Schwab, the Founder and Executive Chairman of the World Economic Forum, that coined this word, writes -"The First Industrial Revolution used water and steam ability to mechanize production. The Second used electrical power to make the massproduction. The next used electronics and information technology to automate production. Now a Fourth Industrial Revolution is building on the Third, the digital revolution that's been occurring as the middle of the last century. It is characterized by a combination of technologies that is blurring the lines between the digital, physical, and biological spheres." He also makes an extremely important, important point -"Neither technology nor the disruption that comes with it really is an exogenous force over which humans don't have any
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What is the importance of Digital Transformation?

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  Digital transformation DT is not a simple change but an organization wide change that is brought about by people, processes, operations and the use of latest technology. It is more about the integration of digital technologies into all the areas of business operations. Necessarily, it is the integration of information and data from one end, and technology and mobility from the other end. These together when embedding into an organizations business strategy, are bound to deliver a better digital customer experience. Therefore, every business has to ensure they transform their approach more towards engaging and enchanting their customers with scalable and high performing digital applications. The process of digitization helps businesses to better track their operations, enhance productivity, augment effective digital strategies and deliver great experience to customers. Latest industry statistics on Digital Transformation digital transformation strategy –> According to Meticulous Re
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