What is the impact of digital transformation in management and why digital transformation is essential for business growth?
The perfect example of the impact of digital transformation in management is Nike. They achieved a lot during this transformation
Digital transformation changes the way an organization operates. Systems, processes, workflow, and culture are all part of this process. This transformation affects each level of an organization and brings together data across areas to work together more effectively. Digital Transformation is a way to integrate digital technologies into an organization's strategy and operations. The entire organization focuses on opportunities to merge the best of both digital and physical worlds. They can also help managers communicate with their employees more effectively. Additionally, digitalization can help reduce the amount of paperwork and other administrative tasks that managers have to deal with on a daily basis. Ultimately, digitalization can help make management more efficient and effective. Digitalization business model greatly improves operational efficiency which leads to better productivity. Automation of all the processes in a business helps reduce manpower, saves time, and improves overall quality. Errors on the part of humans can be avoided to a large extent in the digitalization business model. Digital transformation can significantly improve a company's efficiency by automating manual processes and streamlining workflows. This can reduce costs and increase productivity, allowing businesses to focus on high-value tasks. It helps track and streamline processes, maintain data flow and manage contacts and employee records. In fact, this increased efficiency in operation helps reduce costs as well as enable the business to grow rapidly.Digital transformation has had a profound impact on business operations and strategy. As businesses increasingly rely on digital technologies to operate and deliver value to customers, the way they approach their operations and strategy must adapt to keep pace with the changes.Employees are becoming more effective in their primary roles both in and out of the office thanks to digital technologies. For essential company tasks and key operations, digital transformation is a tremendous opportunity. Working with streamlined processes allows them to do all of their jobs more quickly. Digital transformation is the process of altering a company operation to make it more effective or efficient utilizing digital technologies. The goal is to employ technology to dramatically improve a current service rather than simply digitally replicating it.