There are many talks about ‘Digital Transformation’ recently, but what does it really mean?
In the digital era, technology is advancing at an exponential rate and is changing how we work and live. Just as technology is the engine of human progress, it is also an engine of change, and the new digital era is really a fourth industrial revolution, transforming the way we live and work at an ever-increasing pace – and creating a world where everything is connected, a source of greater data and insight.
Digital transformation is more than just a buzzword – it is the reinvention of an organization through the use of digital technology to improve performance and is a priority for many businesses these days.
Why is it so important to the modern business, you say? In this issue, DCT outlines 5 of the many benefits that Digital Transformation could offer:
What has been slowing down businesses? Manual data entry is one of the reasons, an inherently slow process, prone to errors, subject to human resource fluctuations, and expensive to scale as your business grows, but is still common for many business processes today, despite its inherent drawbacks, which could create a process bottleneck.
The good news: Digital transformation eliminates many of these bottlenecks. When you replace legacy processes with automated workflows, and truly examine your current processes, you reduce friction in your business.
Improved decision making.
Improved customer satisfaction.
Finally, what happens when you work more efficiently, make better decisions, and improve your customer’s perception of your business? How will that impact your bottom line? The fact is, digital transformation will transform your entire business. When done correctly, it will significantly improve your overall profitability.
cyber-attacks are released every day
So we must safeguard our technology to keep our personal and business information secure from those who may want to do us harm. What’s more, we must protect our information, and make it highly available, even in the event of a catastrophic disaster.
Ultimately, rather than seeing digital transformation as a risk,
the true risk is actually not applying digital innovation and grasping the new opportunity it will provide to the business.
However, transforming in digital age should come hand-in-hand with security and other protective and preventive measures.
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