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Njideka A Ononuju - The Concept Of Digital Transformation

A digital transformation is more than bringing in a set of new technologies. It is a cultural shift. As businesses move from paper-based, manual processes to spreadsheets and smart applications, they have the opportunity to reimagine how they do business and engage with customers. Companies can use it to reinvent practically every part of their operations, from internal processes to customer interactions, to enable smarter decision-making and improve customer experiences through personalization.

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Njideka A Ononuju - The Concept Of Digital Transformation

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  1. Njideka A Ononuju- The Concept Of Digital Transformation

  2. What is a digital transformation? Digital transformation is something that companies across all industries are pursuing today, says Njideka A Ononuju. But what is digital transformation, and what business value does it bring to companies today? Let's start by defining it. As a result, digital transformation is the process of leveraging digital technology to create new or improve existing business processes and customer experiences. Businesses implement digital transformation projects to meet rapidly changing market conditions and to remain competitive, says AdaegoOnonuju. Additionally, digital transformation helps to optimize and streamline internal processes.

  3. Njideka A Ononuju - Benefits of digital transformation Stronger resource management Cost Savings 01 02 03 The driving force for digital transformation is cost because moving data to a public, private, or hybrid cloud environment lowers operational costs. It frees up hardware and software costs and frees up team members to work on other projects. A digital transformation is the integration of information and resources into tools for businesses. Instead of dispersed software and databases, it consolidates company resources and eliminates vendor overlap. Enterprise businesses will use 900 applications in 2020. A digital transformation can integrate applications, databases, and software into a central repository for business intelligence. In many organizations, maintaining old, legacy systems and products take up a considerable amount of time and money. Implementing a digital transformation could not only save money upfront but will save time and money once you go live. This is because it will enable the integration of more efficient processes and faster problem identification.

  4. Gain Faster ROI Business owners have to pay attention to money when implementing new technologies. The implementation of new technologies is often very expensive and can take multiple years for a return on investment (ROI). Translating strategy into metrics can be difficult, but with digital transformation, you can gain real-time insights into every aspect of your business.

  5. Digital transformation examples that have been successful Economic Model (Dropbox) Nike 01 02 Digitization has completely transformed traditional economic models for operating a business. This is why SaaS (software-as-a-service) companies have become a dominant force in their fields. All of the Blitzscaling patterns for business model innovation come from SaaS organizations. It uses advanced technologies based on recommendation algorithms and machine learning to target mobile phones, says AdaegoOnonuju. Nike, the world's largest footwear company, has started focusing on mobile devices. The company, among others, has created a mobile application that helps choose a shoe based on a leg scan. By scanning the feet, the application creates a map of them based on 13 variables. Additionally, the company gains valuable insight for creating better footwear projects in the future.

  6. Tech giants such as FB, Google, and Amazon drive transformation in consumer experiences - and other companies have no choice but to follow them. Organizations seeking a competitive advantage are now investigating the opportunities of digital transformation, says Njideka A Ononuju.

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