Scaling Digital Transformation For Small And Medium Businesses
Digital Transformation: A Brief Introduction To The Concept The process of combining cutting-edge digital technologies with business processes, along with a complete change in the mindset and culture of a business, can be broadly defined as the Digital Transformation for the business. It is NOT just the digitization of a business. It is a strategic repositioning. Digital transformation redesigns business processes so that they become simple, flexible, and consistent. It increases and improves transparency and security, and encourages collaboration and mobility. All very important in today’s completely changed world. Small Medium Enterprises (SMEs) are the ones leading this transformation, as they compete in the modern marketplace, by becoming competitive and creating more customer value. This process, however, has its own problems, like: Lack of talented personnel with the necessary skill sets. Outsourcing, re-skilling, up-skilling, and new development models would be necessary