How to Embrace Digital Transformation Digital transformation continues to shape every industry. From tech to talent, strategy to adoption, digital transformation has a place in the fundamentals of any business…
If you are one who plays games on your computer or mobile phone, you may have experienced advertisements covering your device’s entire screen. You might have felt helpless not to…
Have you ever realized that the technology you experienced might be new to the next generation? This is because they either become outdated or completely out of use. A significant…
Change is the only constant. Social Media, as we see today, has taken a different shape than before. It has grown to become a tale of scaled-up interpersonal connections. The…
We live in an era of transformation. Technology has driven a major shift in the way we live our lives. It’s permeated every aspect of our society, our workplace and…
“Digital transformation — the use of technology to radically improve performance or reach of enterprises.”
Businesses are aware that they are being carried by the tides of change whether they like it or not. It took fortune 500 companies around 20 years to get a billion $$ in revenue but today’s unicorns do it in 4 years on an average. Naturally, every traditional business is talking digital transformation and understands it is not a question of ‘if’ but ‘when’. A recent survey by Gartner, states that 42% of CEOs had a strong strategy in place for digital transformation despite the validation by 56% of those who said they have already seen increased profits due to this transformation. Surprisingly the biggest hurdle to get this change onboard was not about execution or change management (yet) but the even more fundamental step of figuring out what the transformation should look like and how to prioritize it.
The following article was also published on DZone and you can read it here.
Man has this innate need to reinvent and evolve. To constantly innovate and grow.
His urge to progress drove him to spark fire from stone, get wheels rolling with wooden spokes, illuminate dark corners with electricity, and now muse over a Hyperloop traveling at 600 mph. The current phase of his evolutionary thirst happens to be in the digital arena, originating from the elementary step of digitization to a pivotal era of digital transformation.
“Information is the oil of the 21st century, and analytics is the combustion engine,” states Peter Sondergaard, SVP at Gartner. Channelising the Information Oil is the Business Information Industry Association…