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This article explores the potential and challenges of the industrial metaverse in shaping manufacturing
Learn moreInitiating an adaptive digital supply chain strategy helps organizations adapt to the evolving global economy
Learn moreNew technologies are allowing businesses to offer consumers a frictionless way to shop without needing to checkout
Learn moreIn this podcast, Nick Ismail is joined by Srinivasan Varadharajan, a senior director at HCLTech, to discuss the landscape of insurance in APAC. During the conversation, they talk about how insurers
Listen NowTraditional techniques in billing and claims make way for versatility as new-age technologies bring in accuracy in real time and save costs
Learn moreIn this podcast, Nick Ismail is joined by Ashutosh Uniyal, Vice President, Financial Services, ANZ at HCLTech, to discuss the current banking landscape in Australia and the main trends shaping
Listen NowConsumers are increasingly seeking personalized health supplement services to meet their needs
Learn moreAI, IoT, 5G, Wi-Fi-6 and cloud are creating an interconnected sustainable ecosystem to drive public safety and better governance in smart cities
Learn moreShannon Gath discusses the CIO role's evolution from technical to strategic leadership
Watch nowShannon Gath, CIO at Teradyne, discusses how the CIO role has evolved from an operational and technical position to a strategic one
Learn moreFrom hyper-personalization to contactless experiences, the future of CX promises to be exciting, with a focus on both efficiency and empathetic human interactions
Learn moreTaking a patient-centric approach to health data governance can help reduce costs, while also improving patient care and gaining new customers
Learn morePagination
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Trending questions
Digital strategy is a roadmap and plan of action that uses technology to achieve business objectives. It entails end-to-end execution of services from developing new products, streamlining processes, reaching customers to increasing sales and showcasing the brand. It also covers managing the digital channels and platforms for marketing campaigns.
Digital transformation is defined as the process of using digital technologies to create new—or enhance existing—business processes, solutions, services, culture and customer experiences to meet evolving business and market requirements. This reimagining of business in the digital age is digital transformation.
A digital transformation strategy is the steps to remodel an organization and incorporate digital technology across appropriate facets to achieve everything from greater efficiencies and collaboration to improving delivery speed and customer satisfaction. According to Gartner, “Digital transformation can refer to anything from IT modernization (for example, cloud computing), to digital optimization, to the invention of new digital business models.”
Digital transformation consulting services analyze the organizations’ requirements, existing resources and their ability to scale to recommend the right digital processes and the experience transformation guideposts that help them to effectively use the digital technology, tools and platforms. HCLTech aims to empower businesses by offering best-in-class consulting services that enhance their experience of digital transformation.
The constantly evolving business landscape can be hard to keep up with, but organizations who embrace a culture of transformation are well on the way to ensuring the future of their organization. Leaders should know about the five digital transformation stages to plan for any future disruption.
Stages of digital transformation are:
- Business as usual
- Present and active
- Formalized
- Strategic
- Innovative and adaptive
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