What Is Digital Transformation?

Digital transformation is what happens to companies when they embark on new and innovative ways of doing business based on technological advances. It allows companies to compete in an ever-changing economic landscape as technology evolves. This is the greatest benefit of digital transformation: it allows companies to make a transformation that enables them to succeed in the digital age. Digital transformation has arrived so quickly that almost every business organization is engaged in or planning transformation in some form. [Sources: 1, 5, 15] 

Digital transformation can be a complicated process, and finding the right strategy for your organization can be one of the biggest hurdles to digital freedom. However you choose to transform your business, a solid digital strategy is something that companies can look forward to. [Sources: 12, 19] 

This piece provides a step-by-step guide to better understand the digital transformation journey and develop an effective strategy for digital transformation. This paper describes the main types of digital transformation, recommends approaches to developing a digital transformation strategy, and provides simple definitions for each. What are some of the key factors needed to ensure the achievement of a digital transformation strategy? [Sources: 7, 11, 18] 

This guide will explain how to set goals, lay the foundations for digital transformation, cover four possible transformation methods, examine the impact of such projects on the company, find out what can be learned from the failures of digital transformation, and what impact, if any, such a project has on a company. This roadmap takes into account the fact that the final objective will continue to progress, although digital transformations are a constant path, as is the transition from digital innovation. Digital transformation is also about responding to the changes that digital technology has caused and will continue to cause. [Sources: 9, 12] 

It is necessary to define the foundations for digital transformation that will enable you to manage the transition from a traditional business model to a digital model, as well as the impact of digital innovation. It is also important to understand how to manage digital transformations, because the question of who should lead them within the company is becoming a sensitive one for companies. [Sources: 10, 14] 

But, by and large, digital transformation is about changing the way companies offer value to their customers. Adding digital apps, changing a digital phone system, or choosing a business analytics provider are all enhancements or tweaks to existing services, while the transformation is more fundamental than what we call "digital transformation." Ultimately, it is about accepting the shift in customer behavior toward digital, and there is not a single relationship between the business model and the customer experience. [Sources: 3, 9, 13, 17] 

It is important to remember the difference between digital transformation in the broadest sense and digital digitalisation. Digital transformation goes beyond the use of digital technologies to support and improve processes and existing methods. Of course, it is necessary to turn this paper into a paper in the broader sense, but in order to optimise for a context of "digital transformation," we need digitalisation. Digitalisation is not the same as "digital transformation," but it must be optimised in this context. [Sources: 9] 

The easiest way to understand what digital transformation means for businesses is to view it as a step from the physical to the digital world. In this context, it is often used as an umbrella term for the use of digital technologies in a number of business processes and processes. [Sources: 6, 9] 

Essentially, digital transformation is the process of harnessing digital technologies to create a new way to transform existing business processes and customer experiences. In other words, it means using digital technology to do something better or create something that did not exist before. At worst, what is sometimes called "digital transformation" is nothing more than the transformation of paper into electronic information and processes. Historically, "digital transformation" has also been used in this sense for a number of different types of business processes and process improvements, as illustrated in Figure 1. [Sources: 7, 9, 16] 

However, in general, digital transformation is defined as the integration of digital technologies into all areas of a company, which transforms the way the company operates and offers value to customers. To be more competitive in the digital economy, "digital transformation" involves a range of different types of business processes and process improvements, such as new business models, new processes and new customer experiences. The fifth type of "digital transformation" is the process of transforming an organization's business model to make money in new and different ways. Digital transformation has been a key element in enabling organizations to improve and evolve into something new. [Sources: 0, 5, 7] 

Successful transformation requires a realignment that goes beyond the introduction of new technologies and reaches all areas of the company. Digital transformation is made possible by new technologies, and the process of placement is a key element in integrating digital technologies into business processes and process improvements. [Sources: 4, 8] 

Although there is a need for digital transformation, the process of transformation will be quite unique for each business. To this end, the role of the company's business processes and processes and the nature of its business must be redefined. [Sources: 2, 13]


Sources: 

[0]: https://enterprisersproject.com/what-is-digital-transformation 

[1]: https://www.informationweek.com/strategic-cio/enterprise-agility/6-keys-to-digital-transformation-success/d/d-id/1337042
 
[2]: https://www.linkedin.com/pulse/4-types-digital-transformation-andrew-annacone 

[3]: https://medium.com/pminsider/six-tips-to-avoid-when-undergoing-a-digital-transformation-485343b568fe
 
[4]: https://www.zdnet.com/article/what-is-digital-transformation-everything-you-need-to-know-about-how-technology-is-reshaping/ 

[5]: https://searchcio.techtarget.com/definition/digital-transformation 

[6]: https://www.lucidchart.com/blog/what-is-digital-transformation 

[7]: https://strativa.com/what-is-digital-transformation/ 

[8]: https://www.liferay.com/resources/l/digital-transformation 

[9]: https://www.i-scoop.eu/digital-transformation/ 

[10]: https://www.bmc.com/blogs/what-is-digital-transformation/ 

[11]: https://www.planview.com/resources/articles/what-is-digital-transformation/ 

[12]: https://www.raconteur.net/digital-transformation/digital-transformation-guide 

[13]: https://www.techradar.com/how-to/what-is-digital-transformation 

[14]: https://www.information-age.com/what-is-digital-transformation-in-business-123477523/ 

[15]: https://www.redhat.com/en/topics/digital-transformation/what-is-digital-transformation 

[16]: https://concisesoftware.com/what-is-digital-transformation-and-what-does-it-mean-for-your-business/ 

[17]: https://www.mydatascope.com/blog/en/2019/06/07/what-is-the-goal-of-digital-transformation/ 

[18]: https://www.toptal.com/insights/future-of-work/digital-transformation-success 

[19]: https://www.itpro.co.uk/strategy/28047/what-is-digital-transformation

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