Uploaded on Nov 25, 2021
Digital Transformation is the process that shifts the usage of manual or non-digital processes to that of digital processes. To know more details, visit us at : https://mitidinnovation.com/recreation/what-is-digital-transformation-how-does-it-help-in-business/
Digital Transformation - MIT ID Innovation
What is Digital
Transformation?
How Does it Help in
Business
MITID Innovation
Digital Transformation is the process
that shifts the usage of manual or non-
digital processes to that of digital
processes. It is in business refers to
the more profound usage of digital
processes rather than the conventional
manual processes.
This digital business innovation and
transformation process assumes an
important role in the near future as the
consumers would demand an improved
version of the products with changing
taste and preferences.
Digital transformation
technologies could be observed easily
within the major brands and websites,
making them achieve huge successes.
The proficiency of chatbots on a website
due to artificial technology is one of the
best examples of digital transformation.
Another example of digital transformation
could be the trend of online payments that
reduced the trend of travelling to the bank
for every small work.
It won't be wrong to say that
digital business innovation and
transformation is indeed an important
aspect of a business. Therefore, we
have mentioned the ways how digital
transformation can help businesses -
Enhanced Customer
The sole secreEt xofp thee rsiueccnescse of a
business lies in the satisfaction of
customers. A company that is equipped
with digital transformation
technologies shows a better standard of
customer experience than a company
equipped with conventional technologies.
Enhanced Flexibility and
In a business, Etheffi incteire-denpcarytmental flow
of information is quite a common
phenomenon. Owing to digital
transformation, redundant tasks are
reduced, operating costs are reduced,
and time-consuming workflows are
simplified. This helps in an exponential
growth of a business and technological
advancements in the company.
Future Development
In a company that knows the value of
digital transformation in its growth model,
the opportunities provided for growth and
improvement are immense. A digitally
transformed company enjoys the
presence of a wide customer base,
smooth flow of information, automated
workflows, which makes the growth and
expansion of a company an easy task.
Effective Employees
Workforce engagement is affected
extremely by the digital transformation of
a company. The quest for novel ways of
enhancing productivity is never-ending.
The role of employees and their efficiency
is a matter of concern for a company.
Thus, core business function, which uses
the employees' manual power, could be
performed through automated machines.
Fast and Better Decisions
With efficient use of big data in the data
and analytics section of a company, a
company could take quick decisions that
may have serious implications and could
not be taken by a person alone.
With the Internet of Things and a correct
set of analytics tools, conclusions could
be drawn by looking at the long-term
implications. The vast data helps in
making an informed choice.
According to Emarsys,2019, 45% of the
total world population is active on social
media. And approximately 62% of the
companies are planning to invest in
boosting innovation and technologies as per
Accenture. Therefore, it can be said that
digital transformation is indeed an integral
part and important for business. The
enhanced efficiency, speed and accuracy in
business operations will help a business
achieve endeavours they desire to.
There are many elite institutions that have
started imparting knowledge and skills to
produce visionary experts for the industry.
If you are looking for one such institution
then, MIT ID is one such institution that is
recognized for exceptional excellence
and quality to transform talent into an
asset.
Conclusion
MIT ID Innovation Programme curates
knowledge and experiences that
challenge the very paradigm of evolution.
And that's why we have set out to define
the future of industries, communities,
cities and ecosystems. MIT ID Innovation
offers the best Online Courses in
Innovation and Design Thinking.
We’d love to
hear
from you.
MIT INSTITUTE OF DESIGN
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