It’s an era where disruptive technologies like blockchain, data visualization, machine learning, and artificial intelligence, are reshaping the way customers think, organizations function and services are rendered. In order to cope with these market changes and stay ahead of the immensely increasing competition, businesses are bound to adopt technologies that helps them evaluate innovative ideas and unlock unique revenue opportunities.
IDC’s Worldwide Semi-annual Digital Transformation Spending Guide forecasts that worldwide spending on digital transformation will reach $1.97 trillion in 2020, achieving a five-year compound annual growth rate of 16.7 percent between 2017 and 2022.
Although enterprise leaders predominantly recognize the need to prioritize digital transformation, not many understand what digital transformation exactly means. Does it mean jumping to the cloud alone? And how well can the transformation be optimized to translate to agile business functioning? Is digital transformation truly worth it?
Many questions arise when digital transformation comes to mind. This article will help you solve these prevailing challenges and enlighten you with tips and tricks for rapid digital initiatives.