Digital transformation is the adoption of using digital technologies, processes and digital tools to achieve strategic business goals. It can be applied to create new or modify existing business processes, culture, and customer experiences. The digital transformation affects every business aspect. The final goal is to meet changing business and market requirements.
There are several symptoms that would signal your business need to go digital:
Simply, digitization is keeping the business as usual but using computer software and hardware instead of paper documents.
Digital transformation is more strategic. It is integrating technology into the business process to simplify, expedite, reduce human error and reduce the operation costs.
Technologies such as Edge, Cloud, Artificial Intelligence, and Extended Reality are driving the digital transformation of industry. At Pinnacle, together with our customers, lead this transformation to improve asset and operations lifecycles through human insight and collaborative innovation. We work with our customers to maximize return on capital and improve profitability with the industries only comprehensive trusted digital transformation best practices, fully integrating the entire value chain from asset creation to operations delivered in real-time.
To get a greater understanding of the impact of digital transformation on business, here are some vital statistics: