The strategy of allowing corporate innovation, known as “digital transformation” (DX), is based on integrating digital technologies into your goods, solutions, customer interactions, and operational processes.
By concentrating on the development and commercialization of digital assets, the strategy aims to take advantage of the opportunities presented by emerging technologies and their effects on the company. In order to increase overall value, digital transformation entails creating a digital ecosystem with coherence and seamless interaction between partners, suppliers, employees, and external entities. There are two types of digital transformation: exponential and linear.
Businesses that are starting a linear digital transformation look at ways to enhance and modernize their present processes. This is often the time when a lot of firms look into the possibilities for digital transformation. But part of the exponential digital transformation involves a fundamental shift in the way an organization functions.
This calls for a radical reorientation of the organization’s overall paradigm, one that embraces change in all its forms and incorporates digital technology into all internal and external activities and interactions.
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