The term “digital transformation” can be defined as adopting the digital technology for the transformation of services for businesses, by either replacing the non-digital or manual processes with digital processes or replacing the old technology with the latest one
Browsing: Digital Transformation
1. Lack of Responsibility
2. Expecting the Competition
3. Specializing in ‘What’ rather than ‘Why’
Digital Transformation is the implementation of digital technologies to assets, processes & products to improve efficiency, amplify customer value, manage risk & discover new monetization opportunities.
Digital twins are virtual representations of physical systems, processes, or products. They provide organizations with the ability to simulate, analyze, and optimize their operations. While digital twins offer several advantages, such as increased productivity, improved operational efficiency, and cost reduction, they also present certain challenges that organizations need to address in order to fully capitalize on their potential.