Digital transformation: Why it’s important and how to gear up for this endeavor
According to a recent publication from ResearchAndMarkets, since the rise of digitization and globalization worldwide, organizations are adapting to use technology-driven solutions to keep up with the accelerated pace of business growth through digital transformation.
Organizations are adopting cloud technology rapidly, as it enables numerous startups, and small and medium-sized enterprises (SMEs) to adopt today's digital experience platforms (DXPs) at reasonable costs without the need to continually upgrade or remove their existing frameworks.
In addition, factors such as a focus on streamlining end-to-end customer experience understanding and functional adaptability to implement enhancements are supporting the development of digital transformation along with the recognition of the source of new revenue.
Therefore, the global digital transformation market size is expected to reach USD 3,810.05 billion by 2030 , registering a CAGR of 23.1% from 2022 to 2030.
Digital transformation: the new world of business
For London Consulting Group, this means that the business transformation we drive with our clients will be increasingly leveraged by technology, which is why we need to continue capitalizing on our clients' needs to continue to grow and evolve with market trends. According to the World Economic Forum, the Fourth Industrial Revolution and demographic changes require a short-term reskilling to meet the demands of the labor market.
Organizations have needs for flexibility, speed and scalability to establish new ways to organize work. The changing global economy can create value quickly, but is slow to generate sustainable jobs, which requires new approaches; among others.
That is why in the Digital Transformation unit with the understanding that digital is the new world of business, we are working to be the enablers of this transformation.
With an approach focused on our customers to accompany them on this digital journey, we have developed and implemented products that accelerate the transformation of their business.
And as part of the digital strategy, we are working corporately on initiatives focused on Business Shapers as the facilitators in the implementation of digital solutions through the development of knowledge in methodologies and enabling technologies such as the Microsoft ecosystem and Power Platform. We are creating organizational learning communities and defining learning paths to contribute to the development of our projects.