A digital transformation focuses on the value-add to the business, which should inflict an increase in the organization's operational efficiency, decision making from insights derived, responding to industry disruption, and acquiring new market opportunities.
The pandemic in 2020 taught the industry to quickly adapt to emerging situations by moving towards integrated technologies to apply digital transformations. This 2020 disruption encourages the industry to pursue intelligent workflows and operations for business efficiency through digitalization, automation, big data analytics, and cognitive thinking.
Companies are realizing the potential of Robotic Process Automation and Artificial Intelligence to derive insights for better productivity of the organization, reduce operational cost, high customer satisfaction, enhancing internal processes, and opening new market possibilities.
Resource management is one of the profound results of digital transformation. Digitized system in an organization can influence in informed decision making and with this information the companies are better at allocating the resources for better productivity and focus on improving the core business.
Answering to a question from Mckinsey on analytics and automation within the telecommunications space, Amit Dhingra, Nokia's vice president of global service delivery,' There is "hidden intelligence" within this data, which can be used to increase operational efficiencies, build new revenue models and diversification opportunities, and build more personalized user experiences. It can also reduce R&D effort for network technology creation, differentiation, innovation, and improved products. For instance, they can open up new possibilities in the telcos' options that just weren't there in the past, such as SDN [software-defined network] and NFV [network field virtualization].’
Soon, organizations will be looking to extend their functionality across an industrial automated business's complete ecosystem and merge technology partners. Other players to work together for an agile business platform that will improve profitability end to end.