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Digital Transformation Stats for 2019 - Best Practices for Businesses

Digital Transformation Stats for 2019 – Best Practices for Businesses

‍The global digital economy has been transforming at an unprecedented pace for the past several years. To stay competitive in this constantly changing landscape, enterprises need to adopt a broad set of digital transformation best practices. Either way, you are in good company.

What is digital transformation?

Digital transformation is the process of optimizing a company’s digital transformation efforts to deliver value to customers, stakeholders, and investors. It is a process of change that aims to increase revenue, decrease costs, and increase customer satisfaction through the adoption of new digital business strategies and technologies.

Why is digital transformation important?

Digital transformation is important for several reasons. First, and foremost, businesses need to be able to capture all the benefits of digital transformation in a single place. This helps business leaders to identify their own specific needs and to begin the process of transformation. Digital transformation can cause businesses to rethink their business models, their sales, and even the way they do business. 

The five steps of digital transformation

Digital transformation is a journey, not a destination: It is an ongoing process, and each company is different. The first step toward digital transformation is to understand your company’s current state and where you are today. To do this, you will need to conduct a thorough audit of your company’s operations. You will want to examine your internal processes, including your procurement processes and your supply chain. You may also want to examine your customer service processes, as well as your marketing and business development processes.

Digital transformation regulations

To make the most of digital transformation, you will need to ensure that the transformation is occurring in compliance with the relevant digital transformation regulations. The European Parliament and the Council of the European Union have jointly issued the “European e-commerce Directive”. This directive places strong obligations on internet service providers (ISPs) to ensure that they process the personal data of their customers safely and responsibly.

Benefits of digital transformation

As we mentioned above, digital transformation can have a significant impact on the health of a company and its shareholders. Several benefits result from digital transformation for organizations. This revenue can come from increased business conversions, increased traffic, increased number of leads, and increased sales. Decreased cost: One of the most significant cost-reducing benefits of digital transformation is that it results in significant savings for businesses. One example of this is supply chain optimization. By making business processes more efficient, more accurate, and more user-friendly, businesses can improve customer service and satisfaction rates. This, in turn, leads to more sales, more leads, and ultimately, more profitability for businesses.

Barriers to digital transformation

several challenges stand in the way of digital transformation, including organizational inertia, entrenched business practices, and a perception among employees that there is not enough change to warrant attention. To overcome these challenges, you will need to take a multi-layered approach. This will require buy-in from all levels of leadership. At the top level, you will need to ensure that all business objectives are centered on the benefits of digital transformation. At the next level, you will need to ensure that digital transformation policies exist and are being followed.

Bottom line

Finally, it is worth noting that digital transformation is not a one-size-fits-all initiative. It is different for every company and will require a tailored approach based on the unique characteristics of the business. Regardless of how you choose to tackle digital transformation, the process is likely to be challenging and certainly will require hard work.

The Rise of the Machine-Driven Organization

Many large organizations have been using a “monolith” approach to Marketing and eCommerce, with many layers of management working together to maintain the company’s brand identity, and lead the company in one specific sector or industry. The Rise of the Machine-Driven Organization (MDMO) is a rapidly emerging organizational landscape that promises to disrupt many business practices. The term MDMO was co-opted from the field of machine learning, where it was first used to describe the adoption of machine learning technologies in business organizations. MDMA is not a new concept but is instead based on the work of many different organizations over the years.

The Shift to a Digital Economy

The transition from an economy based on manufacturing to one based on information and communication technologies has been called the “digital shift.” At its most basic level, this shift refers to the adoption of digital technologies in the production of goods and services.

The Cloud in a Digital World

The cloud has become a popular way to store data and apps, as well as a way for businesses to access data and apps from anywhere, at any time. This has led to the growth of a large industry that has grown out of the subscription model of “software as a service” (SaaS), which has grown increasingly cost-effective over time. Even within each of these asset types, the degree of fragmentation varies from one company to the next. In a distributed system, the challenge for all involved is to resolve the inherent variability and to some extent the differences across components. The Cloud solves this challenge, and more.

What to Expect from a Digital Transformation

The shift to a digital economy has created a new set of challenges for brands and businesses. The adage that “the internet is the brand’s best friend” is no longer true. In a world of fragmentation, the brand remains the key to success. Digital transformation allows brands to create a new type of business relationship with their customers.  This new way of doing business has many benefits, including reduced costs, more customer satisfaction, more revenue, and more profit. However, one of the biggest benefits of all is the chance to learn.


In this article, we have covered a lot of ground. Digital transformation can be a tremendous change for businesses, but it does not have to be a change for bad.

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