Digital transformation efforts help strategic analytics teams at all types of businesses leverage the information generated to improve business results. July 12, 2024 Many companies have embraced digital transformation as one of their business strategies, but quantifying what that means is often harder than it looks. Businesses ultimately want to be more agile and nimble in responding to a changing world so they can meet customers where they are. This is often driven by their overarching desire to increase their profitability and in many cases provide shareholder wealth. As an analytics leader, you must learn what digital transformation means for you and your teams and how you can pivot your activities to meet the strategic challenges. For Further Reading: Five Best Practices to Digitally Transform Your Business What Healthcare IT Leaders Need to Know about Digital Transformation Data Shows COVID-19 Accelerates Digital Transformation of Frontline Workers First, you must understand just what a digital transformation is. Breaking the term apart can help. Transformation is defined as the induced or spontaneous change from one state to another. Businesses can go through a transformation either spontaneously (as they watch competitors and peers make changes) or it can be induced (as they […]