The information presented in this article will help you understand why digital transformation is becoming so important to businesses of all sizes. But first, let’s define the term. Digital transformation is simply “the process by which information is transformed from one form to another.” In other words, it is the “transformation” of data from analog to digital form. Most businesses understand that digital transformation has been a hot topic in the last several years, but because of the many challenges involved, information proves it will only become more essential in years to come.
Let’s face it: in order for companies to remain competitive, they must continuously analyze and improve their ability to process large amounts of digital information. To do this efficiently, businesses must be equipped with the right tools and systems in place. Unfortunately, not all businesses have the luxury of possessing this type of technological infrastructure; consequently, their productivity suffers. Fortunately, the United States Department of Defense is applying what it learns from its digital transformation statistics to the field of defense, specifically using it to improve how the military can better utilize its resources and ensure greater accuracy when conducting operations in the future.
Today, there are many different forms of trends that are occurring throughout the global marketplace. One such trend is digital adoption, which will be the subject of the next few articles. In order to understand what digital transformation statistics mean, it would be crucial to point out what the term means when applied to information. For example, when someone adds or subtracts a digit from a number, the result is altered in some way. When speaking about digitization, however, it is simply “digital adaptation.”
This is no doubt a complex and difficult concept for businesses to grasp. For example, while many people may intuitively understand the meaning of digitization when it comes to making a phone call, understanding how this applies to business is a bit more difficult. While a large number of companies have been successful at digitizing the types of documents and content that they need, there are those that have not. This is why there are many sources that provide digital transformation statistics for businesses to use as a guide or benchmark in order to improve their capabilities.
One of the first areas that companies need to examine when trying to determine their digital transformation statistics for the next several years is the type of media that they choose to engage in. Many businesses are turning to social media platforms such as Facebook and Twitter to promote the products and services that they offer. In doing so, they are engaging their customers on a more personal level, which increases the chances that the consumer will purchase a product or service. If these businesses continue to make the right moves, they will be able to use these platforms to significantly grow their business in the next few years.
Another area where businesses need to look at their digital transformation statistics is job creation. This is an important area considering that it is estimated that almost half of all positions that are being created today are self-employed. This means that people are not only looking for regular work but they are also seeking out business opportunities that can help them earn even more money. When these people begin to work from home, they typically use technology to reach their customers. In doing so, they are engaging in new ways of reaching potential clients and customers.
A final area that businesses need to focus on is the digital transformation statistics associated with the healthcare industry. Specifically, the statistic that most companies need to focus on is the impact of the CVKP certification study that was released in the middle of last year. The study, which was conducted by KPMG, looked at the effect that the CVKP certification would have on the job creation potential of those involved in various IT jobs. It is estimated that approximately one million people worldwide will be directly impacted by the study.
As we can see, there are a number of areas that a company can utilize to improve their knowledge about their digital skills and analytics. One such thing that many companies can do is get access to the European commission’s Digital Skills Report. This is a tool that assists companies in looking into how digital technology and analytics are impacting the world economy. The European commission’s Digital Skills Report can be accessed via the website of the European commission. Furthermore, to get a better understanding of the impact that digital transformation statistics can have in your organization, you may want to consult KPMG’s recent report on the subject.
Deepak Wadhwani has over 20 years experience in software/wireless technologies. He has worked with Fortune 500 companies including Intuit, ESRI, Qualcomm, Sprint, Verizon, Vodafone, Nortel, Microsoft and Oracle in over 60 countries. Deepak has worked on Internet marketing projects in San Diego, Los Angeles, Orange Country, Denver, Nashville, Kansas City, New York, San Francisco and Huntsville. Deepak has been a founder of technology Startups for one of the first Cityguides, yellow pages online and web based enterprise solutions. He is an internet marketing and technology expert & co-founder for a San Diego Internet marketing company.