What is digital transformation?

Digital Transformation is a high-level transformation that builds on digital transformation, digital upgrades, and touches the core business of a company with the goal of creating a new business model. Digital Transformation is the development of digital technologies and supporting capabilities to create a dynamic digital business model.

Digital Transformation demonstrates that success can only be achieved when an organization systematically and radically (or significantly and completely) redefines its business - not just IT, but every aspect of its organizational activities, processes, business model, and employee capabilities. is realized.

Digital Leadership:

Innovation enhances capabilities, which in turn creates new business or policy issues. The previous two examples may also be narrow in terms of articulating a point of view. For that reason, let's look at the broader factor affecting our industry as a whole - which is a lack of digital leadership.

Like other symptoms of success, the lack of digital leadership comes in the broader context of capacity, connectivity and bandwidth skyrocketing and giving most companies access to unprecedented big data capabilities. The challenge, as I often quote industry analyst Tom Davenport - "It's much easier to buy digital capabilities than it is to buy digital leadership."

Reference for the above: Baidu Encyclopedia - Digital Transformation