What is digital transformation?

I just did a search for papers on digital transformation and was surprised that I got a whole load of results from every single tech company out there addressing the question: “what is digital transformation?” ( a question I have blogged about a lot ). As someone who has been doing this his whole life, my simple definition is taking an analogue company with digital on top to change into a digital company with analogue on top. There’s obviously a lot more to it than that – after all, it is a complete reconstruction of the whole company’s business model, as I’ve written about often – but the basics are changing the core of the company from physical to digital. Nevertheless, I thought readers of The Finanser might find it interesting to see this collation of definitions and papers from some of the leading companies in the world. Accenture https://www.accenture.com/gb-en/insights/digital-transformation-index Digital transformation is the process by which companies embed technologies across their businesses to drive fundamental change. The benefits? Increased efficiency, greater business agility and, ultimately, the unlocking of new value for employees, customers and shareholders. Many different paths lead to digital transformation and each organisation’s journey will be […]

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