What is digital transformation when it comes to the business world?

As we head into a brand-new digital era, so many industries that we interact with in our everyday life have had to readjust to internet platforms and instant solutions.

Some parts of our lives have previously been heavily influenced by the swift development of technology, in the span of just one or two decades, and we might be therefore used to them that perhaps we do not acknowledge the extent to which our lives have enhanced. Perhaps one of the great key drivers of digital transformation is the tremendous boom of telecommunications: think right back to when phones were just in our homes, and computers had to be wired to the web. Presently, we can be out and about and call our mum, see the bus timetable, order our grocery delivery, all from one little device that is instantly connected.

There are numerous methods in which the use of online services to existing industries has rendered our day to day life and errands a lot more comfortable, and one among the great successful digital transformation case studies is the personal finance sector. Numerous financial organisations, such as David Li’s BEA, are contemplating the application of online avenues to their current offerings in an effort to stay updated, appealing to clients, and relevant in the current times. Some digital transformation examples in banking involve the employment of virtual security, such as complex security passwords or fingerprints, to access one’s bank account and make transactions from the cosiness of their own house.

When referring to digital transformation across industries, the areas which are simply vital for every person’s well being cannot be overlooked: one example is health care. While generally, in order to speak to your general practitioner if you want a prescription renewed, or even only for a concern about your overall health, you would need to leave your home and possibly wait, innovators like Ali Parsa of Babylon Health are altering the sector with health care which is accessible online. Imagine being home unwell, and having the possibility to video-call your physician and discuss your symptoms with them from the cosiness of your own bed. Online healthcare is distinctly one of the leading digital transformation success stories.

Something most men and women do on a consistent weekly basis as an element of our routine is food shopping. This industry, as it is simply present in every person’s daily living, has seen quite a few modifications lately, and is therefore one of the best examples of digital transformation. With forerunners like Ian McLeod, of Dairy Farm’s supermarket chain, considering employing AI in self-checkouts, things like queues at the till might soon be a thing of the past. Another one of the business transformation examples is that of supplying information in an easily available way, like scanning a product from a smart phone app to learn about its ingredients and potential allergens.

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