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What Is Digital Transformation? - IBM Digital transformation is a business strategy initiative that incorporates digital technology across all areas of an organization It evaluates and modernizes an organization’s processes, products, operations and technology stack to enable continual, rapid, customer-driven innovation
Digital Transformation Examples, Applications Use Cases - IBM The main goal of a digital transformation is to use new digital technologies throughout all aspects of a business and improve business processes By using AI, automation, and hybrid cloud, among others, organizations can drive intelligent workflows, streamline supply chain management, and speed up decision-making
Four ways digital transformation can help meet sustainability goals The good news is that digital transformation can help organizations stay resilient, adaptive and profitable in this new era Here are four ways a comprehensive data and AI strategy can play a key role in reshaping business operations around a sustainability agenda Creating a more resilient infrastructure
AI Transformation: AI for Digital Transformation - IBM The AI transformation might also include AI-assisted analysis of enterprise-level business practices, for example through delivering insights about consumer behavior or advanced forecasting With AI fully baked into the business, an organization can also automate the AI lifecycle, increasing the speed of experimentation and building purpose
What is Digital Transformation in Banking Financial Services? - IBM Here are some of the greatest benefits from digital transformation in banking and financial services More customer-focused investment banking: Digital transformation in investment banking is more customer-focused than ever before Because digital transformation in investment banking has replaced investment banks with small investors, the focus
How does technology drive business transformation? - IBM The past two years have accelerated the rate of change digital transformation clients are experiencing and executing We are seeing patterns of technology makeovers, or “digital transformation,” in three core areas Digital transformation is the adoption of digital-first customer, business partner and employee experiences In other words
How blockchain powers digital transformation - IBM A report on digital transformation has also laid out two notable predictions for 2021: “prominent in-industry value chains, enabled by blockchains, will have extended their digital platforms to their entire omni-experience ecosystems, thus reducing transaction costs by 35%” and “about 30% of manufacturers and retailers globally will have
What is business transformation? - IBM Business transformation is sometimes considered synonymous with digital transformation merely because so much of how businesses need to change relates to new technologies 6 Netflix’s business transformation occurred when it transitioned from a DVD provider of third-party content to an entertainment producer and streamer
Top Digital Transformation Trends - IBM But some organizations that have begun digital transformation journeys have struggled to unlock value from it, according to McKinsey A recent study found that McKinsey research shows that organizations that “launched some flavor of digital transformation,” have only experienced a third of the expected revenue benefits on average