Why Digital Transformation is Essential for Business Growth

Address weaknesses exposed by the digital journey, and be willing to accept a little short-term pain in exchange for long-term gain. Digitization and digital transformation can expose internal weaknesses that leaders should acknowledge and take a hands-on approach to tackling. The key is to listen and think critically.. What is digital transformation? Digital transformation is a strategic initiative that incorporates digital technology across all areas of an organization. Digital transformation evaluates an organization’s processes, products, operations, and technology stack to identify ways to improve operational efficiency and bring products to market.

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Why Digital Transformation is Essential for Business Growth

INDUSTRY 4.0 The Digital Technology Transformation by WINIX

Definition: Digital transformation in industry leverages connected things to transform processes and operations to produce better outcomes (figure 1-1). Moun ng Challenges. Higher Process Efficiencies Disrup ve Innova on Moun ng Market Pressures Growing Regulatory Pressures Exponen al Growth of Big Data.. Although embarking on a digital journey may seem overwhelming and intimidating, six building blocks can help industrials implement a successful end-to-end transformation that goes far beyond simple technology upgrades (Exhibit 1). These elements, which have been successfully applied across industries, can help industrial companies transform.