What are the benefits of Digital Transformation?

This entry was posted in Digital Transformation Podcast on by
benefits-of-Digital-Transformation-1024x512 What are the benefits of Digital Transformation?

The world is heading toward a digitized future and as we see around us an entire generation has grown up immersed in the digital world. The basic question keeps coming to mind, what are the benefits of digital transformation? In this session, we will talk about why Digital transformation is important.

The all-embracing adoption of digital technologies to disrupt business models, create efficiencies, and enhance customer experience is leading to reinvent core aspects of human existence, from homes to industry, buildings to the cloud, and beyond.

A World Economic Forum and Accenture analysis published in “Digital Transformation Initiative Maximizing the Return on Digital Investments” May 2018 using data from 16,000 companies found that there is an overall positive return on investment, although most of the gains are clustered among industry leaders.

These early adopters saw a 70 percent productivity increase, compared to just 30 percent for industry followers (these percentages are varied by industry segment), we can say, digital transformation is a matter of “disrupt or be disrupted.” Consider that emergent digital business models are a “principal reason” why half the Fortune 500 companies from 2000 have disappeared from this prestigious ranking as per the report published in “Digital disruption has only just begun” by World Economic Forum in 2016

So the question is to disrupt or be disrupted

In another report, the 2019 Global Digital Transformation Benefits Report by Schneider Electric, This report puts forth concrete evidence of the power of digitization across the spectrum of energy management and automation This report analyzes 330 data points from 230 customers, making a strong case for organizations to move beyond considerations of digital transformation and into action.

What Does It Mean For You?

Digital transformation is essential for any business looking to grow and stay ahead of the competition in today’s market because let’s face it, your customers have higher expectations and demand a more seamless digital experience than ever before. Without it, your business will not thrive, and dare we say it, may not even survive.

You’ll Learn:
In this session we have covered 3 key benefits:

  • Business Operations Transformation
  • Evolving into Customer-Centric Organizations
  • Revolutionizing Business Models

Resources:

To share your thoughts:

  • Leave a comment on the section below on this post
  • You want to suggest any new topic we should cover in future Podcast
  • Join us in Mastermind tribe
  • Share this on Twitter, Facebook, If you enjoyed this episode and we together are learning new Technologies.

To help out this initiative:

  • Leave a candid review for the OTechTalks Podcast on iTunes! Your ratings and reviews will help the session on iTunes.
  • Subscribe to the Podcast on iTunes to get next sessions

Related posts:

  1. What other Organization are doing to achieve digital transformation
  2. Digital transformation expectations vs. reality
  3. How you will know digital transformation is achieved
  4. Digital Transformation – a beginner’s playbook