Now, when you know the fields, spheres and issues Upplabs can help you with, let’s talk about why your business needs a digital strategy and quality software development.
Digital transformation (DT) is the force that moves the businesses forward. This term means the use of new, fast and frequently changing digital technology to solve problems. Regardless of the industry, DT refers to the process and strategy of using digital technology to change business operations.
Increased technological competition forcing businesses to adopt new technologies and approaches. Over the last decade, you could have witnessed the digitalization of telecom, manufacturing, finance, banking, healthcare, etc. And the volume of changes brought by digitalization is huge!
Digital transformation includes strategy, methods, possibilities, and solutions to support and strengthen your operations.
Many organizations hesitate to invest in digital transformation without being sure if the investment will pay off. However, when done strategically, digital transformation can improve stock prices and revenue in the long run. Over time, as it meant to do, digital transformation can make a large financial impact.
97% of IT decision-makers are talking about the urgent necessity of combining the new technologies to modernize legacy processes and to identify and implement new business model innovation opportunities. For most of the companies, the success of embracing a digital transformation is measured by reaching the improved or new ways of connecting people, gathering data, conducting processes and creating new values for their customers.
Nowadays big companies have already adopted such DT trends like cloud hosting, focus on innovation and personalization, AI, ML, chatbots and other major business development directions.