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4.2 Digital Transformation and its Big Trend 4.2.1 Digital Transformation
ОглавлениеThe term “Digital transformation” has become the first choice of the market leaders who are adopting recent technologies for adding more values to their valued customers, employees, and other stakeholders. Digital transformation reforms various businesses processes, IT operations and corporate culture of the organization [11]. It uses digital technologies available in the market for the designing and implementation of a process to make it more productive or valuable for the organization. The motive behind this is to use recent technologies not only for the sake of repeating existing services digitally, but also to apply technology for the transformation of those services into something considerably more better as improved alternative. In digital transformation, several recent technologies can be considered like cloud computing, Internet of Things (IoT), blockchain, big-data, data analytics, and artificial intelligence. Many projects based on digital transformation have major contribution in the competitive environment for the large organizations to compete with quicker and purely digital competitors. Other types of small business organizations are also moving in the same direction hence the use of recent technologies has been increased nowadays [12].