In the 19th century, John Ellis’s invention of high-temperature oils unleashed the power of railroads, industrialization and economic growth, data is the lubricant of today’s digital age. More to the point, today’s digital transformation is driven by IT infrastructures capable of facilitating real-time digital interactions.
Consumers’ demands have shown a rapid increase lately because they are well read with the innovation due to digital transformation taking place round the world. There are now over 7.6 billion mobile devices around the world more than there are working toilets (4.5 billion). By 2020, a projected five billion smartphones will be connected to the Internet with access to millions of mobile applications. Near pervasive access to mobile and digital technologies has resulted in massive volumes of new data available for analysis, skyrocketing customer expectations and the need for speed.This is the era where the digital technologies are widely adopted, matured and required
Leaders approach towards digital transformation
Today, leaders think digitally and act digitally. They recognize that digital transformation is the key to their future relevance and success, and they act as though their lives depend on getting transformation right. It is imperative to execute the right actions and technologies in the right sequences to successfully navigate resource constraints. Leaders are hyper about digital transformation today. They understand which digital technologies are required now, and which are soon to be important, is critical for making effective plans, prioritizing budgets, sequencing investments and scheduling implementations to maximize returns. Nowadays, Leaders plan to implement specific business strategies and digital technologies in specific sequences to maximize ROI and competitive advantage.
Impact on industries
Every prevalent industry is well versed with the rapid digital transformation taking place. Using business analytics offers deep insights into customer behaviors, wants and needs, develop new products and services, and ultimately innovate and exploit new business opportunities. Automakers have revolutionized manufacturing by using robots, while airlines have mastered pricing around real-time knowledge of supply and demand.Retailers with strong digital capabilities have started creating seamless omnichannel environments. Healthcare has transformed through electronic health records, digital tools that track patients’ vital signs, and virtual consultations between doctors and patients. Meanwhile, automation has slashed insurance companies’ underwriting and claims-processing costs. Manufacturers in every industry could improve operating performance, product quality, and supply chain transparency if companies redesign processes and train workers to operate in the digital world. Media may be the best example of an industry that has essentially gone through complete digital disruption. Fully 97% of media companies acknowledge that digital has disrupted their industry, and 44% said they see themselves as leaders in that disruptive dynamic.
Digital transformation changing economy
The digital transformation has caused an impact on our economy as well. India’s digital infrastructure is coming to life, through a combination of policy-making and technological innovation. Our technology industry is valued at around USD 150 billion, while the Digital India plan is predicted to boost GDP by up to USD 1 trillion by 2025. Along with India’s ambitious Smart Cities Plan, it is an example of how the national campaign for technological progress is backed by the central government as well as led by private enterprises. We are moving into the future at an unprecedented rate and the path we are taking to get there is digital.
.At Quantega, we ensure to have the infrastructure, system and resources intact which are required to sustain the tempo of change required to compete in a digital world. Our goal is to develop an agile and digitally transformed enterprise capable of acting and reacting to perpetually changing data and digital flux fast enough to matter.
Our digital interactions are always supported by AI systems that are dependent on real-time analytics to provide contextually relevant and personalized experiences. In addition, as the number of mobile and connected devices with billions of connected sensors increases, so also does the associated data that needs to be analyzed and turned into actionable intelligence that can be used by AI systems to deliver real-time business value. We develop a digital doctrine and strategy to unify and guide all business and technology strategies, tactics and investments and provide a shared frame of reference across their organizations.