Sep 9, 2024 · Digital transformation is a business strategy initiative that incorporates digital technology across all areas of an organization. It evaluates and modernizes an organization’s processes, products, operations and technology stack …

Jan 29, 2024 · The main goal of a digital transformation is to use new digital technologies throughout all aspects of a business and improve business processes. By using AI, automation, and hybrid cloud, among others, organizations can drive intelligent workflows, streamline supply chain management, and speed up decision-making.

Jan 15, 2024 · Digital transformation is an important component of a modern organization’s business operations. But some organizations that have begun digital transformation journeys have struggled to unlock value from it, according to McKinsey.

Jan 8, 2024 · A digital transformation journey involves the introduction of new technologies—and business processes related to those technologies—to optimize customer experience and improve relationships with other stakeholders. According to McKinsey, digital transformation helps disparate organization functions collaborate in new and productive ways ...

Sep 13, 2024 · According to McKinsey, while 90% of businesses the consultancy surveyed started some form of digital transformation. However, only one-third of the expected revenue benefits had been realized. 1 To fully realize the positive impact of AI, an organization might need to overcome some common challenges, including:

Digital transformation in banking is the act of integrating digital technologies and strategies to optimize operations and enhance personalized experiences. Across thefinancial services industry, this can only occur by breaking down data silos and reimagining the customer experience.

Jan 31, 2022 · The good news is that digital transformation can help organizations stay resilient, adaptive and profitable in this new era. Here are four ways a comprehensive data and AI strategy can play a key role in reshaping business operations around a sustainability agenda. Creating a more resilient infrastructure

Jul 20, 2022 · We are seeing patterns of technology makeovers, or “digital transformation,” in three core areas. Digital transformation is the adoption of digital-first customer, business partner and employee experiences. In other words, these patterns have emerged as strategic drivers of technology-led business transformation, and these are aligned based on:

Jan 25, 2022 · Digital transformation = social transformation. Today more than ever, businesses need to consider the social context of their actions. Increasingly, we see an focus on sustainability from consumers and according to the IBV, 54% of consumers say they’re willing to pay higher prices for a sustainable future.

Jan 28, 2020 · A report on digital transformation has also laid out two notable predictions for 2021: “prominent in-industry value chains, enabled by blockchains, will have extended their digital platforms to their entire omni-experience ecosystems, thus reducing transaction costs by 35%” and “about 30% of manufacturers and retailers globally will have ...