The Role of Data and Analytics for Successful Digital Transformation
For successful digital transformation, it is essential to understand how businesses can utilize data and analytics throughout their processes. Digital transformation has become a significant buzzword in the business world, and for a good reason.
Data and analytics are critical to any successful digital transformation. With data and analytics, organizations can track their progress and make the necessary changes for improvement. Data and analytics provide valuable insights into customer needs, business performance, and potential areas of improvement.
What is digital transformation?
The term “digital transformation” gets tossed around a lot, but there is no one size fits all definition for it. Depending on the company, digital transformation can have different meanings.
For example, a retail store might define digital transformation by adding an eCommerce component to its brick-and-mortar business model.
For a company that already has digital commerce, digital transformation could mean something as simple as automating its processes. Or