We have entered a period where digital transformation has become an imperative with everyone racing to keep up with the latest technological trends and developments.
We have entered a period where digital transformation has become an imperative with everyone racing to keep up with the latest technological trends and developments.
In an era dominated by superior customer experiences and organizations taking steps to be more customer-focused, digital transformation is a priority for top-notch business leaders.
What started as a buzzword two decades ago, digital transformation is a mainstream phenomenon in the digital age with every company making efforts to transform the way they do business and achieve desired outcomes.
In fact, statistics say that digitally transformed organizations across the world will contribute a wealth of about USD 53.3 trillion by 2023 or in other words more than half of the world’s GDP.
As digital technologies radically reshape industries, many organizations are pursuing large-scale change efforts to realize the benefits of these trends or simply keep up with potential competitors.
Almost every organization is embarking on some sort of digital transformation initiative, reimagining relationships between customers and leveraging new technology that supports them. At the heart of any digitally transformed operation is data – data that comes from operations, customers and suppliers, to name a few.
What makes the digital transformation so impactful is that it enables companies to transform the way they leverage data and ultimately do business with their partners.
Today’s business leaders are embarking on the path to new opportunities and tackling new challenges in the digital economy that has stemmed from systemic shifts brought on by the disruption.
Rapid advances in digital technology are redefining the world of business. It is creating an opportunity to create value for all kinds of industries, including transportation and logistics.
It took most Fortune 500 companies an average of two decades to reach a billion-dollar valuation; digital startups currently are getting there in just four years.
Digital transformation is a foundational change in how an organization uses data, technology, people, and processes and delivers value to its customers. For many companies, this means rethinking their ways to access data spread across business ecosystems.
Data is the key element in solving some of the biggest challenges companies are facing and unlocking new business opportunities.
One of the most apparent impacts of disruption is how it has irreversibly changed the world of retail. The emerging consumer preferences and business dynamics have served as catalysts, and retailers must take stock and reassess how they will navigate the new retail landscape and tackle the shift.
Catching up to a world that’s changing can seem daunting.
Businesses that use data to their maximum potential will always have an edge over others. And to do that they need to embrace digitally transformative technologies such as data integration.