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, which has predicted that worldwide spending on digital transformation technologies will reach $2.3 trillion in the year 2023. 

In this article, we are going to see how digital transformation can be a game-changer for modern enterprises in the year 2021 and beyond. Let’s start from scratch and go through the explanation of digital transformation (DX). 

What is Digital Transformation (DX)?

Broadly speaking, digital transformation is the process of automating and modifying current business processes with the help of modern technologies. Digital Transformation is often used by several industries to attain operational efficiencies and achieve optimized productivity. In terms of industry 4.0, it represents a more agile and technologically advanced way to add value to the business. At present, several technologies like AR, VR, IoT, sensors, beacons, data analytics, machine learning, and a lot more are being used by large corporations to enhance their business processes.

Original Source: Why Digital Transformation is a Must-Have Strategy for Enterprises in 2021

Comments

Post a Comment

Popular posts from this blog

How Does the Internet of Things Impact the Textile Industry?

Image
The Internet of Things has turned into a boon for the modern world. Isn’t it? This technology has unlocked different possibilities of the digital age and made the ecosystem fully connected and easy to monitor different things than ever before. Among different industries, there is a high effect on IoT textile production.  The Internet of Things in the textile industry helps to improve fabric quality and with different sensor integration, it is easy to monitor people’s health. Yes, with clothing now we can monitor the heart rate and step calculated that helps in our lifestyle.  Before going into depth with the information, let’s have an idea about the Internet of Things.  Overview: Internet of Things  According to the famous Wikipedia platform, “The Internet of things describes physical objects with sensors, processing ability, software and other technologies that connect and exchange data with other devices and systems over the Internet or other communications network...
Read more

The Role of IoT in Remote Patient Monitoring and Chronic Disease Management

Image
  Introduction of IoT An Internet-connected network of physical objects (IoT) that transmit and receive data is the Internet of Things (IoT). The IoT uses sensors and actuators to collect data from these objects, which can then be analysed in real time by computers and other devices. IoT modernises various industries such as IoT in healthcare industry . The most common example of an IoT device is a smartphone; it's able to connect with other phones via Wi-Fi or cellular networks, so that you can use apps like Facebook Messenger or Google Maps while out in public places like shopping malls or libraries.  Other examples include smart thermostats that adjust room temperatures based on your preferences; fitness trackers that monitor how much exercise you're getting each day; smart appliances such as refrigerators that order groceries when they run low on food items; home security systems equipped with motion detectors for detecting break-ins at night...the list goes on! IoT in Hea...
Read more

How Augmented Reality Remote Assistance App Benefits Industries

Image
Augmented Reality (AR) has already gone beyond gaming and started gaining ground in the corporate sector quickly. Be it offering a rich visual experience to customers or providing training to employees with an immersive experience, AR technology always works wonders in various industry sectors. But, this is not all. As this futuristic technology is getting mainstreamed in the industries, new scopes have emerged, and one of them is remote assistance.  We will dig deep into AR remote assistance in this blog and see how the augmented reality-based solution can help companies make the most for remote assistance. Let’s start from scratch and see what exactly is an augmented reality based remote assistance? Introduction to Augmented Reality Remote Assistance  As the name suggests, augmented reality-based remote assistance software can enable brands and product experts to guide and collaborate with customers through a visually pleasing, immersive experience. Originally, the concept o...
Read more