Worried your business may fail? Digital transformation is the inevitable survival hack

There are several reasons a business may take on Digital Transformation. By far, the most likely reason is – to go digital has now become synonymous with survival. Therefore, every company, whether homegrown or corporate, needs to accelerate and innovate effectively and strategically, thereby gearing you up to meet the changing market requirements and business needs. 

The greatest challenge for digital transformation is identifying and harnessing continuously evolving, cutting-edge technologies to unlock new revenues, business models, and markets. In the wake of the still ongoing pandemic, an organization’s ability to quickly adapt to market pressures, supply chain disruptions, and rapidly changing customer expectations has become critical. This relates to seamless customer experience which is the most important discriminating factor for how a business will perform. There are an immensely popular wide range of technologies such as SaaS, Mobile, Robotics, IoT (Internet of things), Virtual Reality (VR), increasing in number and prevalence, shaping and defining the Digital Transformation of companies. And businesses must embrace these technologies and understand that they are the source pushing multiple advantages. It is a strong belief that Artificial Intelligence (AI) and Machine Learning (ML) will be the key technologies that will propel organizations through Digital Transformation. By automating tasks, companies are better able to free human capital to focus on more interesting aspects of businesses. Implementing smarter and more compatible business processes with AI will allow humans to focus on more important conceptual, challenging and creative aspects. In the work environment, AI will allow us to work more efficiently, reduce human errors, and automate processes. With assisted intelligence in place, such as Chatbots and Natural Language Processing (NLP) tools, one can simulate human conversation, answer questions or personalize learning experiences.