Practical example of how a company transformed digitally and how the different organisational area would be affected.
Practical example of how a company transformed digitally and how the different organisational area would be affected.
The use of new technologies, applications, storage to solve problems and work efficiently by a company is called digital transformation.
The most widely used concept is cloud computing. Every company these days opt for cloud computing for storing their data. It has significantly reduced the need of hardware for storing of data and information.
Other than this, the use of AI helps the companies to figure out the pattern of the user. For example, an online shopping site may track user's browsing habits to give suggestions to the customer or an online video streaming service may provide suggestions to the user about what to watch next.
Many companies have digitally transformed and improved their workspace.
According to the online study, Domino's pizza outperformed the other tech companies like Google, Amazon, and Apple in the period 2010 to 2017. Its shares price beat these companies and even the peer companies, Pizza hut and McDonalds.
Digital transformation alone may not have alone contributed to its growth, but its dependence on technology has played a major role in it.
When the company was hit by low stock price in 2008, the company began focusing on digital capabilities to deliver their products. Domino's has since then emerged as the winner of digital transformation.
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