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Digital transformation is the process of using digital technologies to create new — or modify existing — business processes, culture, and customer experiences to meet changing business and market requirements.
Artificial intelligence (AI), the Internet of Things (IoT), cloud analytics, and sensors of all sizes and capabilities are transforming manufacturing, production, research — virtually all facets of business across all industries. The examples are never ending.
Digitalization deals with information processing, or how digitized data can be used to improve workflows through automating existing processes. Finally, digital transformation is all about leveraging knowledge and integrating it in all business areas to enhance engagement and create new value.
Digital transformation is the rewiring of an organization, with the goal of creating value by continuously deploying tech at scale. A clear digital transformation strategy focused on specific domains and enabled by a set of specific capabilities is critical for organizations to not only compete but survive