Most executives would probably say digital transformation is imperative. But they might be hard pressed to cite an example of a successful digital transformation. Read More
Digital Transformation Archives - Opus Solution
Some enterprises are embracing digital strategies and are roaring ahead. Others are, well, nervous about the consequences. You can’t blame the nervous Nellies — let’s face it: the digital journey isn’t all sweetness and enlightenment. It’s a messy and disruptive process. Existing products may be cannibalized. Witness the pain many publishers are going through as they move from paper-based subscription models to online models. Employees’ jobs may be re-structured, or even eliminated altogether. Consider the changes call-center staffs are seeing, as more inquiry-based tasks are handled by bots. Read More
New report reveals 97% of organizations are currently undertaking or planning to undertake digital transformation initiatives, but the vast majority say only a small proportion of their applications are integrated with each other. Read More
By bringing meaningful value in improving productivity, efficiency and competitiveness, digital transformation is becoming an inevitable trend, deeply affecting most of the development of businesses and organisations worldwide. What strategy does Vietnam need in order to not miss the opportunity from the digital age? Read More
Most executives, both inside and outside of technology, are familiar with the concept of digital transformation, and if they haven’t yet begun a transformation initiative, it is likely that they’re in the planning stages — in fact, record amounts of money are being spent across all sectors of the market in these make-or-break organizational reinventions. What’s more, more than 60% of respondents to a recent Couchbase survey reported a belief that traditional businesses that can’t complete a successful digital transformation won’t continue to exist (unless acquired) after two to four years. Read More
Digital transformation is one of the steps on the way to a business being able to adopt artificial intelligence (AI), blockchain, augmented reality (AR) and other advanced technologies that provide it with a competitive advantage. It is also seen as necessary for survival. Read More
Why digital transformation? There are challenges, but says Dr Joanne Phoenix, from Sensor City, those who fail to adapt and become digitally-driven will simply fall behind.
The term ‘digital transformation’ has become somewhat of a buzzword in recent years and, as with many other technical buzzwords, few know or understand what it means for them. That’s a problem in itself — if a business leader doesn’t fully understand something, or if the benefits aren’t clear, the road to adoption is unlikely to run smoothly.
So—what exactly is the difference between overall trends in digital transformation and digital transformation trends in high tech industries? Believe it or not, there is a difference—a big one. And it comes down to the solution being offered—vs. the technology being used to provide it. In other words, high tech is not the chatbot; it’s the natural language processing and AI powering that chatbot. It’s not the smart beacon; it’s the IoT network and data processing that makes a real-time connection with customers possible.
Why does it matter? In today’s market, it’s the digital transformation trends in high tech industries that are shaping digital transformation for the rest of us. We all know customer experience drives digital transformation. But how today’s high tech companies choose to fulfill customer demands in this “post-sale, on-demand, attention economy” is what defines the path of transformation for the entire market.
The pressure of technology revolution 4.0 as well as constant changes in the business environment has been greatly impacting every business. The competitive environment is unpredictable, customers are more proactive and possess more power, brand reputation is no longer a talisman for quality, geographic position is no longer a barrier to transactions. So how can businesses consolidate and maintain their competitive advantages?
Certainly there will not be a common denominator for all, but before thinking about improving the customer experience or finding a new business model, businesses need to look within and change themselves. Excellent operational capacity is a special source of competitive advantage and a prerequisite for starting any transformation strategy.
“Industrial Revolution 4.0″ is taking place in many developed countries. It gives mankind the opportunity to change the face of the economy, but there are many unpredictable risks.
In the past few months, the concept of “Industrial Revolution 4.0″ has been widely talked about in the media and social networks. Along with that is the promise of “life changing” of businesses in Vietnam if our country can catch up the wave. Therefore, how should this revolution be understood?