Why does digital transformation matter?
Digital transformation helps businesses engage with their customers, gain more value for their business, increase operation agility, and efficiency. These factors help you build resiliency within your industry.
What are the trends in digital transformation in 2020?
Research shows that by 2020, 60 percent of enterprises will have a digital platform. Many leaders have been preparing for the transition and understand that culture change is necessary to survive.
What causes the digital transformation to fail?
Lack of commitment and lack of empowerment cause the transformation to fail. Research shows that effective digital transformation is determined mostly by the specific practices executives are willing to follow and enforce.
When did digital transformation start?
Digital transformation arrived in the late 1990s with mainstream internet and was widely discussed in the mid-2000s. Computerizing processes started almost 30 years ago.
What are the odds digital transformation will increase my chance of success?
According to a McKinsey Study, strictly adhering to new processes and guidelines will lift the likelihood of exceeding profit projections to more than 50 percent.