Whether a company is small or large, digital transformation is essential. Every lecture, panel discussion, article, and study about how firms can stay competitive and relevant as the world gets more digital makes that point loud and clear. Many corporate leaders are unsure of what the term “digital transformation” actually entails. Is it merely a memorable way of saying “going to the cloud”? What concrete actions do we need to take?
Digital transformation has the potential to streamline your business processes, lower operational costs, improve customer satisfaction, and contribute to revenue growth. Once you build a digital transformation blueprint and follow the steps, you will have a business positioned for long-term success. Although digital transformation projects can help you save a lot of money in the future, you still have to pay for digital technology that leads to cost savings.
Whether you’re a new business or a well-established company, in the 21st-century business world, data reigns king. To stay relevant in the current age, every business must invest in some form of digital transformation. The best business transformation software can help your business’s transformation. If your company isn’t incorporating digital technologies into your business strategy, you’ll soon be left in the dust of your competitors.
The move to digital technologies has been taking place at a meteoric pace. Many businesses are forced into a position, where they must either deploy new solutions they may not be ready for or risk falling behind the competition. In their efforts to rapidly improve customer experience, enhance internal processes, capitalize on market opportunities, or optimize other operational processes, they often end up taking a more makeshift approach to digital transformation.
In today’s fast-paced, digital-first economy, companies must continually find ways to innovate and remain relevant. Amazon Web Services (AWS) cloud computing platform gives companies the tools to be agile in a competitive environment and keep up with customer demand. This guide discusses what is AWS, its most common use cases for the cloud infrastructure, and what services AWS offers to support a digital transformation.
Core (Centralized Online Real-time Exchange) Banking is a system that enables a group of bank’s branches to perform transactions between accounts in different branches and share the data in real time.
In the first blog in this series, I introduced the Digital Complexity Paradigm (DCP) – which, broken down in simple terms, attempts to capture the significantly increased complexity and speed at which digital transformation (and evolution) needs to be delivered. That complexity and speed are then compounded by the absolute need for unquestionable quality. In this next blog, we will look at technical complexity as it applies to the DCP.