Discover actionable insights, inspiring strategies, and forward – looking digital approaches
Digital transformations are underway and are accelerating in every industry around the world. Companies are re-branding themselves, undertaking changes to business models and busily investing in cutting edge digital technologies.
When it comes to successful digital transformation, there are several prevailing truths that span all industries: Initiatives that are customer-centric and based on technology-enabled innovation are the ones that will be successful in generating growth, profit and sustenance.
The statement “going digital” was coined by marketers, back when businesses were first starting to rebrand themselves as digitally equipped and online-forward entities.
One of the biggest goals for IT departments across various sectors has been the drive to digitalize applications and software. Legacy applications that were created to accomplish very specific goals now need to be more agile in the workplace.
Competition has never been as fierce as it is in the digital age. Local markets are expanding to the national level and national markets are expanding to the global level. The one thing all markets across all industries share is that they are in a constant state of disruption.
Digital transformations haven’t quite reached the level of business transformations as I showed in my previous blog. Just about 5% of companies understand the difference and have elevated their game to the highest level.
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