These are some key digital transformation strategies to unlock new business opportunities

Home Technology News These are some key digital transformation strategies to unlock new business opportunities The emergence of digital technologies and digital infrastructures transform innovation and new business opportunities in significant ways, writes IT & Systems Professor at IIM Kashipur, Dr Harish Kumar. Business organisations worldwide focus on emerging technologies in the dynamic digital landscape to adapt their IT strategies to changing market conditions. Organisations must develop innovative digital strategies to align with new business models and identify new opportunities, goals, and priorities. Organisations must invest in integrated solutions and consider the long-term impact of emerging technology choices on interoperability and digitally transformed services (DTS) to harness new business opportunities. What’s DTS DTS refers to processes, operations, or systems transformation by incorporating emerging technologies. This transformation leverages digital technologies to improve customer experiences, enhance efficiency, and drive innovation. So it’s associated with a paradigm-shift towards utilising emerging technologies to improve businesses, streamline operations, enhance customer experiences, and create innovative business models. DTS is also seen as an opportunity to build dynamic capabilities, renew strategically, use a collaborative approach, change organisational culture, enter new markets, and gain new customers. Understanding users’ behaviour, preferences, and cultural shifts needed for DTS is […]

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