Recent research reveals that digital business initiatives benefit businesses in numerous ways. No matter your market, industry or business size, digital transformation (Dx) is important to results, competitive positioning and productivity.
Digital Transformation (Dx) isn’t just the flavor of the month or a buzz term circulating in the business community. It is a reality and a crucial component of business success. One might ask what all the fuss is about. Technology consulting firm, Gartner predicts that, ‘Through 2024, 50% of organizations will adopt modern data quality solutions to better support their digital business initiatives.’
In a recent survey conducted by Deloitte Consulting with Scottsdale Institute, technology health care professionals reported, ‘ leadership (80%) and management of implementation (68%) to be the key accelerators of digital transformation, and culture (60%), communication ownership, and transparency (48%) the key barriers.’
According to a recent report published by a financial research firm, the top reason for implementing a Digital Transformation (Dx) strategy (and the top benefit from said strategy) is to improve operational efficiency. 40% of those businesses surveyed said that operational efficiency was a primary driving factor.
The world-renowned technology research firm, Gartner, defines Digital Transformation as ‘the changes associated with digital technology application and integration into all aspects of human life and society. It is the move from the physical to digital’. While many businesses are taking up the task of planning for and executing Digital Transformation (Dx), many businesses will find these initiatives fall short of expectations.
Our Partner is a healthcare service provider in the United States providing a web-based, patient-centric, healthcare management solution and workflow solutions to increase operational efficiency and reduce costs for its hospitals and healthcare facility Clients. Since 1999, the Partner has provided services to the durable medical equipment and supply market with solutions that benefit many healthcare organizations and clinics in the U.S.
The Client is one of the largest Rural Fintech companies in India with more than 700,000 Rural Entrepreneurs and services to benefit 100 million consumers. The Client business is currently growing at 150% year over year with a transformative impact on digital, financial, and e-retail services across rural and semi-urban regions.
While many of you may follow the research and market analytics provided by Gartner, you may sometimes find yourselves wondering if their predictions and market analysis are correct. When it comes to the predicted transformation of business users into Citizen Data Scientists, that particular transition has been happening for a while now. If anything, the global pandemic has simply made the prediction more pressing than ever.
The Partner is based in India and offers an Audit, Compliance and Risk Management solution for banks, insurance companies and financial institutions. The comprehensive solution helps organizations to improve efficiency and effectiveness of audit department operations by standardizing organizational audit procedures to manage internal risks and compliance.
As a business owner, manager or executive, you have probably read and heard a lot about Digital Transformation in industry publications and at conferences. As Gartner says, Digital Transformation is ‘the changes associated with digital technology application and integration into all aspects of human life and society. It is the move from the physical to digital’. If your business has embraced the concept of Digital Transformation and is ready to dive in and make it happen, you may be wondering about the pitfalls others have faced. A wise business manager wants to learn from the mistakes of others and increase their chances of succeeding without missteps.
