Digital transformation (also known as "DX") isn't just a buzzword. According to IDC, global spending on digital transformation will reach nearly $2 trillion in 2022.The term is not entirely new. It's been around since the 1990s, when email and the Internet became ubiquitous tools for business. Since 2013 it has been gaining popularity and has become an integral part of many business plans. Digital transformation has the potential to transform any area of business. In finance, machine learning can automate invoicing. For marketers, cloud computing will influence how files are transferred and stored. Now more than ever, the Latest Mailing Database COVID-19 situation has given many companies a kick in the pants to accelerate digital transformation.
So, if you are about to start your digital transformation journey, you must have a solid understanding of the concepts and approaches. Only with proper understanding can you have a positive impact on business performance. In this in-depth blog, we'll walk you through everything you need to know about digital transformation and how to embrace it to stay relevant. Let's dive. What is digital transformation? In broad terms, digital transformation is nothing but the use of different digital technologies such as cloud computing, Internet of Things, big data, and artificial intelligence to Latest Mailing Database create or change a business process. This will help keep up with changing business and market requirements. Beyond that, digital transformation is also a cultural shift that forces businesses to question the current state of affairs and experiment often.
This means changing long-standing business processes that companies have built to introduce relatively new practices. Digital transformation is no longer an option, it is essential for survival.- Sindhu Ganga dharan, Managing Director of SAP Labs India Tweeter How important is digital transformation? How important is digital transformation Here are some reasons why your business should embrace digital transformation. These reasons not only cover customer expectations, but also the Latest Mailing Database expectations of your staff and the entire business ecosystem.1. Improved Workflow Digital transformation will have a big impact on the automation of workflows. Sales automation is an obvious example.