Understanding Digital Transformation

Understanding Digital Transformation

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  What's in storefor us? Understanding Digital Transformation
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  The hype Every singleenterprise software that comes out claims to enable digital transformation. This is the result of the hype from vendors that captivates business leaders.
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  True digital transformation Isthe hype justified? Well.. Yes and No. Digital transformation is indeed a powerful tool that can optimize business processes to deliver tangible results. But only if it is done right.
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  Digitization To understand theentire scope of digital transformation, one must first understand what digitization is. Digitization, simply put, is the automation of routine tasks and conversion of physical data into easily accessible digital data.
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  Digital Transformation Digital transformationbuilds on digitization with a digital strategy comes into play with the focus on customer experience. In essence, digital transformation is coming up with and employing a strategy to improve upon the current business model making use of emerging technologies, all the while focusing on delivering a better experience for the customers.
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  Areas of focus Customer centric experiences Comingup with strategies that redefine the customer experience. Employing advanced technology Building a rudimentary application won't cut it. Employ game-changing technologies like robotic process automation, Ai, AR, VR, Blockchain, etc. to accelerate the transformation. Understanding the organization Understanding the processes, structure, and culture of the organization is key to delivering tangible results .
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  The results So, whatresults can digital transformation bring about? With digital transformation, you don't have to sell more products to customers. It helps make the customer spend more on the business/ products than they would otherwise.
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  Ways to implementthe transformation Vision Establishing a long-term plan that focuses on the future outlining the challenges to work on. Tools Implementing tools that foster collaboration throughout the organization. Learning Employ a test and learn approach to come up with the perfect strategy that works for you.
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  Transforming your business Read more:All You Need to Know About Digital Transformation Transform your business with robust digital transformation plans that enable your business to grow. Talk to us for Digital Transformation Solutions.
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  Fingent, a customsoftware development company based in NYC & Boston. Please feel free to connect: info@fingent.com About us