How we live, work, and play is being reshaped by digital. As a result, leading companies are redesigning their core business while also rethinking how to adapt their digital platform, culture, and approach to achieve their goals.
Business leaders must look beyond technology to realize the benefits of digital transformation. To create value for customers and preserve a competitive advantage for their businesses, they must reinvent established business models and embrace new methods of bringing people, data, and processes together.
Digital transformation is significant because companies must evolve to remain competitive in their industry. If you aren’t changing, you’re falling behind. Digital transformation is essential because it allows organizations to adapt to ever-changing industries and continually improve how they operate. A company may undertake digital transformation for a variety of reasons. However, the most likely reason is that they must: It’s a matter of life and death. The ability of a firm to quickly react to supply chain interruptions, time to market challenges, and rapidly changing customer expectations has become necessary in the aftermath of the epidemic.
Although each organization’s issues and demands may vary, there are a few constants and common aspects among current case studies and published frameworks that all business and technology leaders should consider as they start the digital transformation.