Digital Transformation - MIT ID Innovation

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What is Digital Transformation? How Does it Help
in Business MITID Innovation
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Digital Transformation is the process that shifts
the usage of manual or non-digital processes to
that of digital processes. It is in business
refers to the more profound usage of digital
processes rather than the conventional manual
processes.
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This digital business innovation and
transformation process assumes an important role
in the near future as the consumers would demand
an improved version of the products with changing
taste and preferences. 
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Digital transformation technologies could be
observed easily within the major brands and
websites, making them achieve huge successes. The
proficiency of chatbots on a website due to
artificial technology is one of the best examples
of digital transformation. Another example of
digital transformation could be the trend of
online payments that reduced the trend of
travelling to the bank for every small work. 
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It won't be wrong to say that digital business
innovation and transformation is indeed an
important aspect of a business. Therefore, we
have mentioned the ways how digital
transformation can help businesses - 
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Enhanced Customer Experience
The sole secret of the success of a business lies
in the satisfaction of customers. A company that
is equipped with digital transformation
technologies shows a better standard of customer
experience than a company equipped with
conventional technologies.
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Enhanced Flexibility and Efficiency
In a business, the inter-departmental flow of
information is quite a common phenomenon. Owing
to digital transformation, redundant tasks are
reduced, operating costs are reduced, and
time-consuming workflows are simplified. This
helps in an exponential growth of a business and
technological advancements in the company.
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Future Development
In a company that knows the value of digital
transformation in its growth model, the
opportunities provided for growth and improvement
are immense. A digitally transformed company
enjoys the presence of a wide customer base,
smooth flow of information, automated workflows,
which makes the growth and expansion of a company
an easy task.
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Effective Employees
Workforce engagement is affected extremely by the
digital transformation of a company. The quest
for novel ways of enhancing productivity is
never-ending.  The role of employees and their
efficiency is a matter of concern for a company.
Thus, core business function, which uses the
employees' manual power, could be performed
through automated machines.
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Fast and Better Decisions
With efficient use of big data in the data and
analytics section of a company, a company could
take quick decisions that may have serious
implications and could not be taken by a person
alone.  With the Internet of Things and a correct
set of analytics tools, conclusions could be
drawn by looking at the long-term implications.
The vast data helps in making an informed
choice. 
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According to Emarsys,2019, 45 of the total world
population is active on social media. And
approximately 62 of the companies are planning
to invest in boosting innovation and technologies
as per Accenture. Therefore, it can be said that
digital transformation is indeed an integral part
and important for business. The enhanced
efficiency, speed and accuracy in business
operations will help a business achieve
endeavours they desire to.
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There are many elite institutions that have
started imparting knowledge and skills to produce
visionary experts for the industry. If you are
looking for one such institution then, MIT ID is
one such institution that is recognized for
exceptional excellence and quality to transform
talent into an asset. 
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Conclusion
MIT ID Innovation Programme curates knowledge and
experiences that challenge the very paradigm of
evolution. And that's why we have set out to
define the future of industries, communities,
cities and ecosystems. MIT ID Innovation offers
the best Online Courses in Innovation and Design
Thinking.
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