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How to implement digital transformation in 4 steps?

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According to MIT Sloan Management Review, “Digital Transformation is better thought of as continual adaptation to a constantly changing environment.” Its goal is to build a technical and operational foundation, to evolve and respond in the best possible way to unpredictable and ever-changing customer expectations, market conditions, and local or global events.

As an expert at Red Hat® puts it, “Better living through software—that’s what digital transformation is”.

IBM defines it as “ Digital transformation takes a customer-driven, digital-first approach to all aspects of a business, from its business models to customer experiences to processes and operations. It uses AI, automation, hybrid cloud, and other digital technologies to leverage data and drive intelligent workflows, faster and smarter decision-making, and real-time response to market disruptions. And ultimately, it changes customer expectations and creates new business opportunities.”

According to the enterpriseproject, “Digital transformation is the integration of digital technology into all areas of a business, fundamentally changing how you operate and deliver value to customers. It’s also a cultural change that requires organizations to continually challenge the status quo, experiment, and get comfortable with failure.”

According to Salesforce, “Digital transformation is the process of using digital technologies to create new or modify existing- business processes, culture, and customer experiences to meet changing business and market requirements. This reimagining of business in the digital age is digital transformation.”

Even though the definitions are different or should I say, each of them used different words to convey what digital transformation means but the end motive is about transforming the present way of handling the business and providing more customer-centric results.

With the world becoming more globalized and forthcoming to expand each other markets in a different market, digital transformation is going to play a major role in the connectivity and enhance the presence of the business models to be more transparent and available to each stakeholder, business owner and most importantly to their customers.  

As per the industry of things, 4 ways to go for digital transformation:-

  • Use a digital twin based on precise data streams to assess the performance of an asset today and set up important data control points.
  • To estimate the potential value benefits through operational or process changes and risk management, simulations and predictive analytics are used.
  • The creation of a digital twin strategy that depicts the project and program planning for the digital transformation.
  • Use this method to show how the project or organization reacts to internal or external changes, as well as the linkages between recent and upcoming developments.

As we can see the importance of the digital twin in digital transformation, it is no doubt in the future virtual simulation is going to play a major role to optimise any physical objects digitally.

Most of the virtual simulation provides you with the necessary copy needed to think before you make the final change and conclude the projects. The use of AI, IoT, and cloud computing technology enhances the capabilities to integrate projects in wider ways.

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