Digital Transformation Leads to Business Reimagined
Unlocking the power of digital transformation requires new ways of doing business that are fundamentally different from traditional methods. Evolving a business model to take advantage of digital trends is challenging because it’s often impossible to understand what can be done without having seen it first.
Like traditional brick‐and‐mortar retailers in the early days of the Internet that had no idea of how to create an online shopping experience, organizations today must develop innovative business models and processes to leverage modern digital technologies and trends.
Organizations, like Amazon and eBay, that were born in the Internet era disrupted these traditional brick‐and‐mortar industries. Some organizations adapted quickly and remained competitive, while others did not and struggled to remain viable. Today, the Internet is pervasive and integrated into everything we do.
Digitization will follow a similar path and eventually become woven into the fabric of our daily lives. Th..