Digital disruption is altering the business landscape, with companies needing to embrace digital transformation or risk becoming irrelevant. The future will see digital transformation become a key business strategy, as companies utilise technology to change their business models and provide new revenue and value-producing opportunities.
Digital disruption is the change that occurs when new digital technologies and business models affect the value proposition of existing goods and services. It is not a new concept, but the speed at which it is happening is increasing exponentially. This rapid change is causing companies to rethink their business strategies and adapt to the new digital reality.
The future of digital transformation will be driven by several key trends. Firstly, the Internet of Things (IoT) will become increasingly important as more devices become connected. Secondly, Big Data will continue to grow, providing companies with a wealth of information to drive decision-making. Thirdly, the rise of mobile and cloud technology will change how businesses operate, with companies needing to become more agile and responsive. Lastly, security will become a top priority, as the increase in digital data creates new risks and challenges.
Companies that embrace digital transformation will be able to adapt to these changes and stay ahead of the competition. Those who resist will find themselves struggling to survive in the new digital age.
Go to source article: http://www.forbes.com/sites/danielnewman/2016/03/01/exploring-the-future-of-digital-transformation-and-disruption/#2c2b0d8261ed