siliconindia | | DECEMBER 20229Frequently corporations are focused on organization transformation and overlook the fact there are four types of digital transformation. 1.Process Transformation: From Data, Analytics, APIs, and Machine learning to other technologies, much focus within the corporate environment has been on new ways to reinvent business processes to lower costs and improve quality. Other companies have implemented robotic process automation to simplify their back-office processes, including legal and accounting section. 2.Business Model Transformation: Focuses on achieving important business goals such as driving up efficiency by becoming digitally focused and foundational building blocks of how its value is delivered in a specific industry. In basis, companies are using digital transformation to change business models.3.Domain Transformation: When one business which is able to slide into another area successfully. Amazon, for example, added its own streaming platform (Amazon Prime), as well as Amazon web series (AWS) which is now the largest cloud computing and infrastructure service. Domain transformation is offering most significant opportunities for company growth. 4.Cultural Transformation: Most successful corporation recognizes digital transformation requires a flexible workflow, a bias towards testing and learning and a greater reliance on different business ecosystems. Different people use different systems, getting everybody on the same page and willing to accept the big changes can be challenging, but it will be worth if your brand delivers an overall better outcome to your customers.What are the digital frameworks?Company need digital transformation as it take for several reason. Together they represent in essence, the digital intensity of the organization. The most crucial reason is economic survival. COVID-19 illustrated the importance of adapting quickly to dramatic changes, including disruptions to supply chains, time-to-market pressures, and rapidly changing customer expectations. Companies
< Page 8 | Page 10 >