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OPTIMIZING BUSINESS WITH DIGITAL TRANSFORMATION

This is the era where the benefits of digital transformation are reaching its peak and is being used in every field and industry. There are obvious reasons for it becoming so famous and widely used. It has made life and work much easier, time effective and efficient. There are many ways in which a company can attain digital transformation and one such way is by viewing organizations as groups of people who are working together to a better future and achieve particular common goals.

Business Optimization is the process of identifying and applying new means and measures to get getter profit in the business and can achieve their company goals efficiently. Digital Transformation and can help to a great deal in making that happen.

ADVANTAGES OF DIGITIAL TRANSFORMATION

Digital transformation will lead to innovation which will further lead to optimization in business. Digital transformation works in a logical manner making it quite effective and trustworthy. It has become a big term in today’s market dues to all the gains it is bringing in. The two cornerstones of digital transformations are innovation and optimization, both of which are highly required by any organization to flourish.

Digital Transformation acts as the connectivity between relevance, context and optimization for the past, present and the future. Digital Transformation helps one to see and take approaches that are different and takes into consideration different possibilities after undergoing through research and risk probability calculations.

STEPS OF DIGITAL TRANFORMATION IN BUISNESS OPTIMIZATION

• Identification and information:-Collect and identify data and flaws.
• Identification and information:-Based on identification and information measure impact improvement and set a priority list.
• Identification and information:-Build Cases, take leadership actions, make choices etc.
• Identification and information:-Try out new things that the going to help to reduce the flaws and increase the profit production.
• Identification and information:-Execute and keep key focus on consumer and costumer behaviour.
• Identification and information:-Take lessons from the drawbacks faced during the process and making the necessary changes and go back to follow the first step of collection information and identifying flaws.

THINGS TO KEEP IN MIND

• Change is what is needed to maintain business optimization. Digital transformation is totally based on technology and algorithms thus sometimes it may become difficult to make a certain decision. So while making changes for the sake of business optimization one should keep in mind customer feedbacks.
• Digital Transformation is different than that of Digitalization. Digital Transformation is not about the change from old to new tools but also trying out different holistic approach that will work best in a situation. It brings about change in both technology and human thinking.

AGENDA

• Using digital means to maintain core operation
• Provide better user experience
• Digital Software use like cloud based tools and software
• Manging information and analytics

EFFECT OF DIGITAL TRANSFORMATION

Customer Experience

• Customer understanding: Segmentation and Social Listening
• Increase in Potential Sales
• Customer communication



Operational Process

• Digitalization
• Process management
• Enhancement of Performance



Business Model

• Management
• Online Business

Conclusion

Digital transformation can be seen as partnership proposals from clients especially in the technology and digital field. Developing UX is needed to create a better digital experience. It is expected that by 2025-26, the India IT workforce will double due to digital transformation. Experion is an example that shows that the future of IT companies seems bright with the help of digital transformation.