THOUGHTS

Importance of Digital Transformation Strategy in the Business World

Sep 15, 2018

What is Digital Transformation?

Digital transformation, as a concept, involves the complete integration of digital technologies into all areas of a business. It has the power to fundamentally change the way companies operate and interact with their customers. Sounds too good to be true, right? Well, it may come as a surprise to many, but most companies across the world have already started transforming their organizational and business activities, models, processes, and competencies with an aim to implement a digital transformation strategy. Digital transformations are not all about advanced technologies and disruption, they have the potential to impact all aspects of life. A recent example is the Society 5.0 initiative in Japan, which is aimed at surpassing the limited Industry 4.0 vision.

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market challenges. However, simply adopting a transformation strategy isn’t enough, these strategies need to be backed by meaningful changes in organizational structure that are aimed at improving sustainability.

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