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The term transformation has become a buzzword today which is used in various ways to run the organization smoothly which makes the process easier and productive. Corporate Renewing Centre organized a conference at INSEAD where the term business-transformation was defined as “A fundamental change in organizational logic, which resulted in or was caused by a fundamental shift in behaviors” [7]. While defining transformation in detail, following four constructs were given:

 Re-engineering: It is a technique to improve organizational efficiency by redesigning the business processes so that the organization may get self-aligned for future and raise its market share and profit margins.

 Restructuring: It is required whenever a business model of the organization gets changed due to any reason or factor for the survival of the organization and ultimately for the growth of the organization. It reduces the cost, emphasizes on main items, adopting recent technologies, proper utilization of resources available, etc. Merging with other companies can also take place.

 Renewing: It’s a continuous and knowledge oriented process because there are various changes which are faced by the organization on a regular basis and some of them have the potential for major strategic change in organization’s operations which add the stability factor for the organization. For example, when a new technology is in the market, strategy has to be reviewed to find out that organization would get benefited by adopting it or not?

 Regeneration: It is a technique which reproduces the organization so that they become capable of incorporating the new employees while organizations are losing the old and experienced employees and at the same time an introduction of new employee’s capabilities, attitude and goals takes place. In today’s world almost all the organizations are getting changed and hence facing with regeneration. Regeneration improves the current business processes and primarily revising the ways and other opportunities available [7, 8].

As we observe from the current scenario where people prefer online shopping just to save the time and also they are getting good quality products or services at their doorstep in the competitive environment of the organizations, hence lots of businesses are taking the initiatives for adopting the business transformation from traditional system. In the next section, we are going to discuss digital transformation, various technologies which support digital transformation and its challenges. In INDIA we are moving towards the implementation of smart city concepts as well, so we need smart environment where automation of the processes in majority may take place [9, 10].