During digital transformation, c-suit professionals put their data first and its use. As the great leader said, the new age c-suit professionals look for how quickly they can cleanse, evaluate, and combine business-critical data collected from various systems across the organization. Furthermore, the consistent and cleansed data must be able to be ready and error-free migrated into new systems to support the business's reinvention.
Neglecting data flow, quality, and governance will inevitably nullify any technology return and damage digital transformation attempts. The global retail landscape is rapidly changing, primarily due to digital disruption, which is defined as the rate at which new technologies are adopted. Traditional brick-and-mortar retailers are seeing significant revenue drops as a result of digital disruption, which is defined as the rate at which new technologies are adopted.
The phrase "data is the new oil" isn't just a catchphrase. Data is the fuel that enables businesses to reimagine themselves based on data-driven digital transformation's solid pillars. The following are some of the advantages of digital transformation. Benefits of data-driven digital transformation include:
Although we live in an information age, most businesses are unable to fully utilize the information accessible to them. Organizations that have begun to embrace information as an asset now have a competitive advantage over their competitors and are regarded as industry pioneers or leaders. With data, organizations get an extremely broad view of market and comprehension of various data points, and business owners and managers can recognize a bigger value to expand and enhance customers' experience.
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Author Name: Nitish P.