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Showing posts with the label digital transformation in banking digital automation digital transformation solutions

Five Proven Ways to Implement Digital Transformation in Your Enterprise

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Digital transformation solutions play a crucial role in leading modern enterprises toward success. But then, as more entrepreneurs tend to jump on the digitization bandwagon globally, it is of utmost importance that a well-planned digital transformation strategy should be in place. In this article, we are going to discuss five major ways to implement enterprise digital transformation effectively. In a recent survey conducted by SAP and Oxford Economics, 80% of leading enterprises mentioned that digital transformation can increase profitability. However, factors like ‘fear of the unknown’, ‘lack of discipline’, and work culture-related issues can derail digital transformation efforts. Here we give five proven practices to help you implement digital transformation solutions successfully while overcoming these issues. Also Read- How to Ensure Digital Transformation Success for Your Enterprise Five Key Aspects of Effective Digital Transformation Strategy 1. Define Lack of...

How To Become A Market Leader In The Banking Sector With Digital Transformation

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  In the list of scenarios and instances that feel nostalgic today, we could clearly add visiting the bank. Today, visits to banks are only limited to circumstances that involve paperwork for loans, approvals & statements that require physical verification. Otherwise, pretty much every banking-related action can be carried out through apps or online portals. Digital transformation in banking  has made our lives simpler instances of stepping out and personally visiting a bank.  Today, we have IoT-enabled banking services, tap and chip-based cards with added encryptions & app-based payment systems. From the elderly to the young population, banking has become accessible, banking functions more understandable and services more streamlined. All thanks to digital transformation solutions.  With that said, not all banks and NBFCs have implemented a  digital transformation strategy  in their banking operations. A lot of banks still operate on obsolete techn...