Digital technology has impacted every aspect of our lives from elections to the way we interact with friends and family. There’s an area that has been affected by digital technology the fastest – the business world.
The average enterprise company uses 1,295 saas applications. If this isn’t an example of digital transformation then what is? The challenge is that digital transformation can be a benefit or a drawback depending on how you approach it.
In this guide, you’ll learn more about digital transformation and how to approach it the right way so your organization benefits.
What Is Digital Transformation?
Digital transformation is the change of culture, processes, business model, or domain of an organization or industry. The changes occur through the adoption of digital technologies or digital technology-enabled processes.
Digital transformation has become even more prevalent since the outbreak of COVID-19. Industries that were vehemently against remote work have now become champions. Not by choice but by necessity.
Technologies that were irrelevant eighteen months prior have become indispensable. Yes, this is an extreme example but even if there wasn’t a global pandemic, it would be happening.
Beyond just using the latest technology and upgrading your systems, digital transformation can be considered part of your organizational culture. You’re willing to do away with legacy infrastructure and standardized processes no matter how ingrained they are in the organization.
The goal is to enable your people to work smarter and more efficiently. It allows you to continue to provide value to your team, your stakeholders, and your customers while staying competitive in the market.
That’s a goal businesses have had since the beginning of time. It is just called digital transformation now. – Read more