Brianna White

Administrator
Staff member
Jul 30, 2019
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The price of doing the same old thing is far higher than changing. Not embracing digital innovations could leave your business in the digital dust, struggling with inefficiency, irrelevance, and invisibility in tomorrow's market. Why? Because the future speaks digitally, loudly, and clearly.

The Digital Revolution: A Necessity, Not an Option

Whether it's breaking down borders to connect the globe or using smart tech to better understand customers, digital innovations like AI, GenAI, AR/VR, blockchain, and low-code/no-code are the new superheroes of the business world.

Moreover, cutting-edge tech like IoT devices can observe consumption patterns of resources like water and energy and adjust systems automatically to operate more efficiently. This makes it easier for businesses to meet sustainability goals, reduce greenhouse gas emissions, and reduce company expenses.

The Reality of Digital Transformation

McKinsey reports that nine out of ten top executives have jumped on this speedy train with at least one large-scale digital transformation. However, Inc. highlights a stark reality: Merely 35% of organizations succeed in digital transformation.

The Need for Embracing Digital Innovations

Remember when emailing first seemed magical, transcending physical mail to connect people instantly? Now, digital innovations promise to transform thriving businesses similarly.

Discussion Points:
  1. What are the biggest challenges your business faces in adopting digital innovations?
  2. How can companies increase their chances of success in digital transformation projects?
  3. Which digital innovations do you believe will have the most significant impact on your industry?
  4. How can businesses balance the need for digital transformation with the potential risks and costs involved?
Feel free to share your thoughts, experiences, and strategies for embracing digital innovations and ensuring successful digital transformations!

Read the article: https://www.forbes.com/sites/forbes...embracing-digital-innovation/?sh=26da3b3b4b98