Digital transformation is the base of digital technology into all fields of technology, fundamentally changing how you use and deliver value to customers. it is also a cultural change that needs organizations to repeatedly challenge the established order, experiment, and obtain comfortable with failure.

Digital Transformation:

Because digital transformation will look different for each company, it is often hard to pinpoint a definition that applies to all or any. However, in general terms, we define digital transformation because of the integration of digital technology into all areas of a business leading to fundamental changes to how businesses operate and the way they deliver value to customers. Beyond that, it is a cultural change that needs organizations to repeatedly challenge the established order, experiment often, and obtain comfortable with failure. This sometimes means walking faraway from long-standing business processes that companies were built upon in favor of relatively new practices that are still being defined.

Importance of Digital Transformation:

Howard King, during a contributed article for The Guardian, puts it this way: “Businesses don’t transform by choice because it’s expensive and risky. Businesses undergo transformation once they have did not evolve.”John Marcante, CIO of Vanguard, points this out, as well: “Just check out the S&P 500. In 1958, U.S. corporations remained thereon index for a mean of 61 years, consistent with the American Enterprise Foundation. By 2011, it had been 18 years. Today, companies are being replaced on the S&P approximately every fortnight . Technology has driven this shift, and corporations that want to succeed must understand the way to merge technology with strategy.”

The framework of Digital Transformation:

Digital transformation is supported the company’s specific challenges and demands, there are a couple of constants and customary themes among existing case studies and published frameworks that each one business and technology leaders should consider as they start digital transformation. as an example , these digital transformation elements are often cited:

• Customer experience
• Operational agility
• Culture and leadership
• Workforce enablement
• Digital technology integration

Key Trends in Digital Transformation in 2020:

Here are eight key digital transformation trends that business and IT leaders should remember of in 2020:

The rapid adoption of digital operating models, including integrated cross-functional teams.
A shakeout as people who have invested in big data governance and analytics leapfrog their competitors.
Better use of AI and machine learning.
Continued merger and acquisition activity within the IT outsourcing industry.
Consultancies forming new digital partnerships.
Expanding public cloud adoption.
New digital transformation success metrics.
More attention to the long-term value of digital initiatives.

Digital Transformation play Role in Culture:

In recent years, IT’s role has fundamentally shifted. CEOs increasingly want their CIOs to assist generate revenue for the organization. consistent with the 2018 Harvey Nash/KPMG CIO Survey of quite 4,600 CIOs, the CIO’s top operational priority is “improving business process.” But among CIOs at ‘digital leaders’ – companies identified as top performers – the CIO’s top operational priority is “developing innovative new products.”
Rather than that specialize in cost savings, it’s become the first driver of business innovation. Embracing this shift requires everyone within the company to rethink the role and impact of IT in their day-to-day experience.