Digital transformation is a foundational change in how an organization delivers value to its customers. Digital transformations are commonplace at most companies, but they still have work to do to fully realize their digital operations and potential. Digital Insurance brought this interesting topic to our attention in their article, “Visibility, governance and compliance among top challenges with digital transformation.”
According to the report, “Data Intelligence Priorities 2019: The Impact of Digital Transformation on the IT Organization and Data Professionals,” nearly half of IT executives that were surveyed have completed one or more projects related to digitization. Such digital projects are typically undertaken in pursuit of new business models and new revenue streams, driven by changes in customer expectations around products and services.
The study also revealed that IT and data professionals are struggling to meet the critical needs of their core functions including security, governance and compliance.
While data-driven businesses might be digitized, however, they are not yet optimized. Companies often embark on digital transformations to counter the potential for disruption from incumbents and startups.
Melody K. Smith
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