What is Digital Transformation?
"Digital Transformation is realigning the strategic goals of organizations to meet the ever evolving needs of customers in a constantly changing business landscape with the support of digital technologies".
Why Digital transformation?
Buisnesses now have to restructure quickly. They have to adopt to different technologies which are being manifested using data, feedback and evidence and in a structured model. This requires drastic change internally.
What happens to businesses who don't digitally transform?
Current business models with pressure in meeting the continually evolving customer needs, is at the most digitising its businesses and trying to squeeze more to get that extra output off their businesses; thinking that will save them.
The actual fact is that businesses are facing a huge time crunch with its life cycle regressing by an average of 3-5 years to lesser. This is also marked by volatility of the customer expectations. Customers are the innovators of the market now.
Its Incumbent now for organisations to take that change initiatives by adopting to the right Digital Transormative Strategies to avoid jeopardizing their business and getting disrupted by Emerging next gen technologies.
