The Digital Revolution: How Industries Are Adapting to Digital Transformation
                     The Digital Revolution:
How Industries Are Adapting to
Digital Transformation
What is
Digital
Transformation?
“Digital transformation is the convergence of
people, technology, and processes to deliver
new levels of innovation and efficiency." -
Chuck Robbins, CEO of Cisco Systems
BENEFITS OF DIGITAL TRANSFORMATION
Below are the potential benefits that an organization can derive from
digital transformation
IMPROVED
EFFICIENCY
IMPROVED
COLLABORATION
BETTER CUSTOMER
EXPERIENCE
ENHANCED
INNOVATION
INCREASED
AGILITY
EXPLANATION OF HOW DIGITAL TRANSFORMATION
HAS IMPACTED VARIOUS INDUSTRIES
Banking
80% of mid-sized banks prioritize digital transformation for
improved customer experience, incl. digital wallets, P2P payments &
fraud detection
Retail
Over 50% spending online by 2023, 60% via mobile. Only
digital- savvy retailers thrive
Healthcare
US digital healthcare market to hit $1.5 Trillion by 2030, driven
by transformation
Small Business
70%+ SMBs hasten digital transformation due to pandemic,
survey shows
Manufacturing
Only 24% of manufacturers have a digital transformation plan
despite tech advancements
Education
70%+ higher education institutions 'digitally distraught' due to
outdated processes, siloed data & resistance: survey
STEPS TO TAKE TO START DIGITAL
TRANSFORMATION JOURNEY
Build a Develop
Set clear cross-functional a data Monitor
objectives team strategy progress
Define the Develop a Choose the Focus on Continuously
scope of the roadmap right change improve
transformation technology management
Sources :
Gartner, Cisco, DigitalDirections, L2L
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