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What exactly is Digital Transformation?
It entails using digital technologies to reinvent the current process in order to create a more reliable, productive, and better product or service, as well as using the most recent technology to turn into something better rather than simply replicating an existing service. A change in organisational culture and a change in business processes, in addition to evolving technology, are critical to the success of Digital Transformation.
Although meanings vary by IT sector, everybody should accept that digital transformation necessitates significant changes in business culture.
Although the word "digital transformation" has been overused and overhyped, real digital transformation represents a radical rethinking about how a company uses technology, employees, and processes to radically change business efficiency.
For survival, businesses must embrace digital transformation. This also entails getting rid of obsolete systems and legacy technologies. As per IDC research, global spending on technology and services that in regards to digital transformation will hit $1.97 trillion in 2022.
Digital transformation is critical for all businesses, from start-ups to established corporations. Every panel discussion, post, and keynote deliver the same message. What is unclear is that many business leaders are unaware of the importance of digital transformation.