Digital Transformation:
Digital transformation is a action by which companies or organizations can organize their strategies and improve their working methods for obtaining more significant benefits.
Adopting digital technology by a company improves efficiency, value, or innovation. It can bring benefits to the business.
As internet usage has increased since the 1990s, digitization has also increased.
The covid-19 pandemic opened up new opportunities for digital technologies.
Consumer digitizes much faster than businesses. That is why digitally transformed companies obtain more benefits than companies that use the traditional business model.
Here are some benefits of digital transformation your enterprise can expect:
1] Time and cost reduction:
The improved labor productivity leads to significant savings in time and costs in all company departments.
2] Expansion of geographical border:
With the help of digitization, the company can internationalize the product or their services and generate essential benefits such as increased turnover, reduced risk increased competitiveness.
3] Analytics:
Digitalization work help company to combine all the customer data in one place due to very good business insight. So, the company can make correct decisions at the right time.
4] Extends the life of the company :
The use of new technology and some specialized software helps the company keep up to date.
5] Increased revenue:
With the help of digital transformation, many companies can generate more ROI.
Resource:
https://www.techtarget.com/searchcio/tip/Top-10-digital-transformation-benefits-for-business
https://www.auraquantic.com/digital-transformation-8-benefits-of-digitizing-your-company/
https://en.wikipedia.org/wiki/Digital_transformation
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