Why Digital Transformation is a Must-Have Strategy for Enterprises in 2021
Digital transformation has remained a buzzword in the corporate corridors for almost two decades. As a disruptive technology and a critical strategic initiative, digital transformation solutions have gained prominence worldwide in recent years. The recent pandemic has made digital transformation inevitable to survive and thrive amidst the recessionary economy and global shutdowns. Industry experts say: – 70% of enterprises have either adopted a digital transformation strategy or are working on it – Operational efficiency, quicker TTM (Time to Market), and the ability to meet customer expectations are considered as the top benefits by 40%, 36%, and 35% respectively – 60% of the companies have created new business models based on digital transformation – With 95%, the services sector tops the chart of industries that have adopted digital-first strategies The future of digital transformation solutions will pave the way for industry 4.0 as per a recent report from IDC , wh...