In our digital world, we have endless information right at our fingertips. With this trend dominating the business world, we are seeing greater speeds, more information, and automation sparking innovations everywhere. All these changes create new ideas about customer experience, operations, data intelligence, the list goes on and on. But what stands out is how innovation has changed how organizations operate. The challenge companies are facing is keeping up with all these fast-paced changes. According to Harvard Business Review report, “since 2000, about 52% of companies on the Fortune 500 list have become obsolete […] those companies lacked the ability to keep up with the digital evolution.”
Looking at modern businesses today, the common factor is either being a tech company or a technology-driven one. Choosing the path on how to innovate and get everyone on the same digital page is something companies must consider. The common factor of companies thriving during these digital transformations is adaptation. Preparing for this change means working together as a team to work with the technology, share what works, and then produce data to help positively drive the transformation. So how can you accomplish all this? Here are the 5 steps:
Keeping up with the digital transformation is possible with the right attitude and adoption of the right technologies! Click here if you want to read the full article from Forbes!
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