Learn why digital transformation is full of surprises and how to prepare for the unexpected Add bookmark Digital transformation surprises – PEX Network Digital transformation is the process of adopting and implementing digital technology to create new or modify operations, services and products by translating business processes into a digital format. At a time of significant technological advancement and evolving business requirements, digital transformation is high on the agenda for practically all modern organizations. Worldwide spending on digital transformation is forecast to reach almost US $4 trillion by 2027, according to the International Data Corporation (IDC) Worldwide Digital Transformation Spending Guide . As organizations continue to prioritize digitalization, digital transformation investments are projected to grow substantially, potentially reaching or even surpassing two-thirds of all information and communication technology (ICT) spending, it found. “Digital transformation is no longer a discretionary investment: companies that want to be competitive and win in the digital economy are leading the way,” says Angela Vacca, senior research manager with IDC’s data and analytics group. “Digital business investments are ramping up even faster with the advent of generative AI which is having an impact across industries; still, opportunities are varied across different market spaces.” With a […]
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