Digital Transformation - The Key to Business Success
Send me Nitor Infotech's Monthly Blog Newsletter!
×
nitor logo
  • Company
    • About
    • Leadership
    • Partnership
  • Resource Hub
  • Blog
  • Contact
nitor logo
Add more content here...
Artificial intelligence Big Data Blockchain and IoT
Business Intelligence Careers Cloud and DevOps
Digital Transformation Healthcare IT Manufacturing
Mobility Product Modernization Software Engineering
Thought Leadership
Aastha Sinha Abhijeet Shah Abhishek Suranglikar
Abhishek Tanwade Abhishek Tiwari Ajinkya Pathak
Amit Pawade Ankita Kulkarni Ankita Patidar
Antara Datta Anup Manekar Ashish Baldota
Chandra Gosetty Deep Shikha Bhat Dr. Girish Shinde
Ekta Shah Gaurav Mishra Gaurav Rathod
Gautam Patil Harish Singh Chauhan Harshali Chandgadkar
Kapil Joshi Krishna Gunjal Madhavi Pawar
Marappa Reddy Mayur Wankhade Milan Pansuriya
Minal Doiphode Mohit Agarwal Mohit Borse
Nalini Vijayraghavan Nikhil Kulkarni Omkar Ingawale
Omkar Kulkarni Pooja Chavan Pooja Dhule
Pranit Gangurde Prashant Kankokar Priya Patole
Rahul Ganorkar Rashmi Nehete Ravi Agrawal
Robin Pandita Rohan Chavan Rohini Wwagh
Sachin Saini Sadhana Sharma Sambid Pradhan
Sandeep Mali Sanjay Toge Sanjeev Fadnavis
Saurabh Pimpalkar Sayanti Shrivastava Shardul Gurjar
Shravani Dhavale Shreyash Bhoyar Shubham Kamble
Shubham Muneshwar Shubham Navale Shweta Chinchore
Sidhant Naveria Souvik Adhikary Sujay Hamane
Tejbahadur Singh Uddhav Dandale Vasishtha Ingale
Vidisha Chirmulay Yogesh Kulkarni
Digital Transformation | 15 May 2023 |   9 min

Digital Transformation – The Key to Business Success

featured image

With the advent of modern technologies, businesses are moving towards digital transformation. As consumers today are driven by digital technologies, meeting their needs is a crucial aspect for businesses. Digital transformation is the process of integrating digital technology into all aspects of a business. According to research, 91% of businesses are engaged in some form of digital initiative. It helps in achieving digital business growth, and with it, improves customer satisfaction.

Digital transformation begins with amalgamating new technologies with the traditional processes. It deals with how you think about and engage with customers. It changes the way businesses leverage technology and perform their tasks.

In my blog today, I will drive you through the frameworks, building blocks, and trends of digital transformation which are necessary elements of business growth!

Digital Transformation Framework

Every organization has its own specific demands and challenges. Here are some common elements that one should consider while formulating a digital transformation strategy.

Elements of Digital Transformation Nitor Infotech

Fig 1: Elements of Digital Transformation

It becomes imperative to experiment with new tech and bring innovations in your current approach.

In today’s ever evolving business environment, here’s why digital transformation is important as it helps you-

Importance of Digital Transformation Nitor Infotech

Fig 2: Importance of Digital Transformation

Moving ahead, here are some key drivers that compel businesses to opt for digital transformation-

  • Customers are empowered by the digital era.
  • Artificial Intelligence is the fastest emerging priority.
  • Digital innovation drives employee engagement.

Building Blocks of Digital Transformation

To develop new capabilities, businesses need to succeed in the digital marketplace. Generate a compelling digital transformation roadmap by considering these building blocks:

Building Blocks of Digital Transformation Nitor Infotech

Fig 3: Building Blocks of Digital Transformation

1. Operational backbone – It is a set of integrated systems that ensures operational excellence. Establish leadership by having a strong backbone for your organization.

2. Digital platform – It facilitates the rapid innovation of new offerings and enhancements. You can personalize your offerings for different customers with different needs.

3. Shared customer insights – Get an insight into what kind of digital offerings customers want and are willing to pay for. It is a process of accumulating knowledge about what a customer will buy.

4. Accountability framework – It involves coordination and ownership of digital offerings and components. You can make learned decisions related to performance and cost.

5. External developer platform – It helps in fostering a community capable of delivering end-to-end solutions. It helps to bring in more and more customers.

Allow me to present some of the latest trends of digital transformation.

Trends of Digital Transformation in 2023

Trends of Digital Transformation Nitor Infotech

Fig 4: Trends of Digital Transformation

1. 5G and IoT – It is the fifth-generation technology for mobile networks. It offers better connectivity, multi-peak data speeds, low latency, and improved network bandwidth. 5G in the IoT domain is used for connected automobiles, shipping and logistics, and remote healthcare.

2. Hyper automation – It aims to automate business and IT processes in every facet of business operations. Whether it is RPA , low code/no code, or AI/ML, businesses can upscale investments, reduce costs, and improve efficiency via automation.

3. Total Experience (TX) – It is a combination of user experience (UX), employee experience (EX), customer experience (CX). According to Gartner, 60% of large enterprises will use total experience to transform their business models by 2026.

4. Everything-as-a-Service (XaaS) – It is the latest digital transformation trend that promotes ‘as-a-service’ model and delivers anything to the customers. It includes more services such as Storage-as-a-Service (STaaS), Containers-as-a-Service (CaaS), Function-as-a-Service (FaaS), Security-as-a-Service (SECaaS), Video-as-a-Service (VaaS), and Unified Communication-as-a-Service (UCaaS).

5. Generative AI – It is a branch of AI that uses existing content to create similar yet original content. It determines the original patterns in the datasets and offers better quality results through self-learning.

6. AR Cloud – Augmented Reality Cloud (AR Cloud) is a digital 3D copy of the real-world environment created using its spatial features. It enables sharing the experience with multiple users in real-time.

7. Low Code/No Code – It is predicted that by 2024, low code/no code platforms will account for over 65% of software development. Anyone can build software with minimal or zero technical knowledge. It helps in developing software applications faster and with more efficiency.

Customers are the epicenter for any business’ success and growth. Customer expectations are largely driven by modern technology and digital innovations. Thus, it becomes extremely important to keep them happy and satisfied.

This arises a need for formulating a well-thought digital transformation strategy. The digitally connected world allows them to comparison-shop and move from one brand to another with minimal effort.

The goal of digital transformation is exceptional customer experience. You need to focus on your consumer journey to meet their demands. It is also important to map out the entire customer journey and determine how going digital can make each touchpoint an improved experience.

I suggest that you develop a culture of adaptability as change is going to be constant. Digital transformation is an ongoing process that needs to adapt to innovation and changing customer behaviour.

I hope that my blog has provided you with a comprehensive understanding of digital transformation, enabling you to embark on the path of digitalizing your business. Visit us at Nitor Infotech, where we can provide additional insights and support tailored to your specific needs.

Related Topics

Artificial intelligence

Big Data

Blockchain and IoT

Business Intelligence

Careers

Cloud and DevOps

Digital Transformation

Healthcare IT

Manufacturing

Mobility

Product Modernization

Software Engineering

Thought Leadership

<< Previous Blog fav Next Blog >>
author image

Aastha Sinha

MarCom Executive

Aastha, a MarCom Executive at Nitor Infotech is passionate about writing. She loves to explore different spaces and believe in the notion of learning and growing. She is a music enthusiast and loves to watch movies and series. Her love for books and stars has been escalating since forever.

   

You may also like

featured image

15 Performance Improvement Techniques for Your iOS App

In the world of iOS app development, app performance refers to the speed, responsiveness, and ...
Read Blog


featured image

The Ultimate Guide to Different Types of Testing

In today’s competitive scenario, businesses that want to stand out against their peers must invest in building best-in-class software that is performant and failure-proof. To ensure sustained funct...
Read Blog


featured image

The Importance of ChatGPT and Why it is Becoming Popular

Imagine having a conversation with a chatbot that feels almost human. That’s exactly what OpenAI ChatGPT brings to the table. The remarkable technology of Generative Pre-trained Transformer (GPT) p...
Read Blog


subscribe

Subscribe to our fortnightly newsletter!

We'll keep you in the loop with everything that's trending in the tech world.

Services

    Modern Software Engineering


  • Idea to MVP
  • Quality Engineering
  • Product Engineering
  • Product Modernization
  • Reliability Engineering
  • Product Maintenance

    Enterprise Solution Engineering


  • Idea to MVP
  • Strategy & Consulting
  • Enterprise Architecture & Digital Platforms
  • Solution Engineering
  • Enterprise Cognition Engineering

    Digital Experience Engineering


  • UX Engineering
  • Content Engineering
  • Peer Product Management
  • RaaS
  • Mobility Engineering

    Technology Engineering


  • Cloud Engineering
  • Cognitive Engineering
  • Blockchain Engineering
  • Data Engineering
  • IoT Engineering

    Industries


  • Healthcare
  • Retail
  • Manufacturing
  • BFSI
  • Supply Chain

    Company


  • About
  • Leadership
  • Partnership
  • Contact Us

    Resource Hub


  • White papers
  • Brochures
  • Case studies
  • Datasheet

    Explore More


  • Blog
  • Career
  • Events
  • Press Releases
  • QnA

About


With more than 16 years of experience in handling multiple technology projects across industries, Nitor Infotech has gained strong expertise in areas of technology consulting, solutioning, and product engineering. With a team of 700+ technology experts, we help leading ISVs and Enterprises with modern-day products and top-notch services through our tech-driven approach. Digitization being our key strategy, we digitally assess their operational capabilities in order to achieve our customer's end- goals.

Get in Touch


  • +1 (224) 265-7110
  • marketing@nitorinfotech.com

We are Social 24/7


© 2023 Nitor Infotech All rights reserved

  • Terms of Usage
  • Privacy Policy
  • Cookie Policy
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. Accept Cookie policy