Digital Transformation DT is the Change associated with the Application of Digital Technology
It involves the reworking of the products, processes and strategies within an organization by leveraging current technologies. But in a broader perspective it is part of a larger technological process, and is the change associated with the application of digital technology in all aspects of human society and thus also in business. [Definition Wikipedia]
To be able to achieve digital transformation it is necessary to examine and reinvent many, if not all, areas within an organization. To create an organizational culture where continuous improvements happen and where stakeholders are open to ongoing transformation.
Successful organizations need to learn to adapt, to meet the changing market forces, or they’ll face extinction. The graveyard of companies is full of those that didn’t anticipate how emerging technologies could make their own products obsolete very quickly and cause them to fail.
This change is difficult as organizations are having to transform themselves faster and more often, and at an accelerating rate. Especially today, where as a consequence of a process of merging of technologies we see reducing costs, the enabling of new offerings and also heightened customer expectations.
However the fact that you are reading this post on our website is a clear sign you are very aware of these matters and have decided to act and to do so proactively.
Grow your People → Grow your Business is here to help. We enable an organization to better compete in an economic landscape that’s constantly changing as technology evolves.
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Video about DT Digital Transformation.