Digital Transformation - MITID Innovation
                     5 Digital 
Transformation 
That Will Help 
Transform Your 
Company
In the era where social media is not less 
than a drug, innovation and 
technology have become an integral part 
of every company in this competitive 
corporate world. According to a report 
from Emarsys,2019, 45% of the total 
world population is engaged in social 
media, making it a powerful medium. 
Thus, innovation and technology go hand in 
hand, and these reports highlight the 
importance of an innovation strategy for a 
company.
But one needs the vision to analyse and 
understand the dynamic business 
environment. A mindset with a vision is a 
gift of an ideal institution. MIT ID Innovation 
is an exemplary institution with an ambition 
to inspire and develop a visionary mindset 
in every student. 
This ever-increasing value of social 
media calls for an effective innovation 
strategy by each company focusing 
ideally on digital innovation for business 
growth and expansion. So, mentioned 
below are 5 Digital Transformation that 
will help transform your company -
Artificial Intelligence
AI is a magic spell that gives intellectual 
access to humans to machines. Artificial 
intelligence is already being actively used in 
the automation of work, data analytics, and 
processing of natural language. Artificial 
Intelligence is the future of innovation and 
technology that would be used actively in 
the business world. 
Internet of Things
Internet of things refers to network 
connections in order to enhance 
communication between various devices 
and networks. It is an extremely crucial 
component of any innovative strategy as 
it provides the companies with business 
insights as well as customer experiences 
that can help a company grow.
Blockchain
Blockchain refers to an electronic ledger 
that will help in transforming your business. 
It is a technology that gives power to 
electronic currencies like cryptocurrencies. 
It decentralizes the technology and makes 
it easier to track transactions. It helps in 
removing friction, enhancing trust, and 
improving efficiency. The greater trust 
leads to increased efficiency by eliminating 
duplicated efforts. 
Even former Finance and Corporate 
Affairs Minister, late Arun Jaitely state in 
2018, the Government will focus on the 
blockchain technology of recording and 
authenticating the transaction without any 
intermediaries. 
Edge Computing
Edge computing is a distributed system that 
promotes easy mobile computing. It helps 
the company grow as it brings high-
performance computing and artificial 
intelligence solutions to the company’s 
different areas. Edge computing helps a 
company grow by asset management in a 
company, monitoring production, driving 
maintenance, and enhancing traffic control 
measures.
Connected Industrial 
WDigoitarl kinnfovartcione has given rise to a 
machine workforce that is extremely 
competitive and intelligent. The efficiency 
and value of the human workforce are 
declining over time. This workforce will do 
things that human beings can’t do, like 
discovering patterns and learn things 
themselves. This kind of innovation and 
technology will completely transform the 
whole corporate world.
There can be no denying that a company 
must match its pace with the digital 
innovation happening around the world to 
maintain a high-end reputation in the market 
and have the edge over its competitors. 
According to data collected by Accenture, 
62% of the companies with high-growth are 
planning to invest in technologies, which will 
result in increased rates of innovation. 
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.
We’d love to 
hear
from you.
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