Though by the turn of millennia the pattern and propositions of business landscapes have been changing so drastically, many organizations are still failed to match the speed of dramatic changes happening in the realm of technological innovations. See the trajectory of business spectrum, many big names failed in adopting digital transformation, they perished and no more. So digital transformation is the power dynamics in the business ecosystem which decides the survival capacity and growth. It means, digital transformation is not an option, it is a must.
The power dynamics in the business ecosystem which decides the survival capacity.
Digital transformation (DT) is a strategy of enabling business innovation predicated on the incorporation of digital technologies into your operational process, products, solutions, customer interactions and the mindset of the business owners, employees and customers. The strategy is focused on leveraging the opportunities of new technologies and their impact to the business by focusing on the creation and monetization of digital assets.
Digital transformation involves the building of a digital ecosystem in which there are coherence and seamless integration between customers, partners, employees, suppliers, and external entities, providing greater overall value to the whole.