Digital transformation is more than mere technology change, it is in fact a complete different approach towards life itself. In a digital world, processes get shortened in the form of data. This enormous data generated allows companies to conduct business analytics operations to fully comprehend even minute aspects of their business. Due to such data getting generated, conventional assumptions get challenged. Airbnb is an example of a company which soon realized that possessing physical assets was an anachronism which was not needed. Data also allows speed of information to come up for better decision making. The business intelligence thus generated can provide information of any aspect at one place. However, there exist no short cuts in digital transformation. Since all processes and data re inter-related, thus a holistic plan is needed for any firm to digitize fully.

Source:https://www.forbes.com/sites/peterbendorsamuel/2017/07/21/the-power-of-digital-transformation-in-a-data-driven-world/#7f5052573f2c

Uploaded Date:28 July 2017