So Much Technology
The abundance of IT solutions—ranging from AI and blockchain to cloud, bots, mobile, social, machine learning, IoT, and beyond—can be overwhelming, and much of it may seem like noise. However, staying abreast of relevant technologies is crucial, as failing to do so can hinder your ability to compete. We’ve entered an era where business and IT are inseparable. There’s no longer a distinction between ‘business strategy’ and ‘IT strategy’; there is only ‘strategy’ enhanced by technology.
So what is Digital Transformation?
Digital transformation is business transformation. It is the process of replacing old technologies and/or manual processes with modern digital technologies that add value to your business. It is about understanding what your business needs and what your customers expect now and into the future, and matching these to the available technologies. It is not about implementing every available new technology because it is fashionable or because someone says it is a good idea. It is not about moving absolutely everything to the ‘cloud’ or making your entire business ‘mobile’. Simply put, Digital Transformation is opportunity; opportunity to do things faster, cheaper, bigger, more efficiently, and with less risk. Opportunity to disrupt your industry. If it doesn’t hold the potential to add value to your business, it shouldn’t be implemented.
