27th Monthly Article on Digital Transformation Strategy and Tech Bank November-2021

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27th Monthly Article on Digital Transformation Strategy and Tech Bank November-2021

Introduction

In the present Industry 4.0 era, almost all large business entities across industry sectors have embarked upon the journey of digital transformation. They have reinforced, further automated and weaponised their operating and financial policies, processes, and ICTsystems with the help of technologies to stay ahead of and/or relevant with competitive advantages. Micro, small, and medium entities are also gradually joining them in this journey. Many startups are helping these entities with digital solutions built with ‘innoventive’ applications of eight deep digital technologies.

Many of such solutions, aka strategically designed digital weapons, are of ‘destruptive’ and ‘bizruptive’ nature. The former means destructively disruptive solutions. These have either destroyed certain conventional methodologies for manufacturing, marketing, and supply chain operations. or replaced traditional products by combining many functional capabilities in one device. For example, robotic process automation has brought in a new era of man-machine collaboration and smart phones have almost killed traditional/amateur cameras and torches. Bizruptive solutions are unique strategy driven innovations for P2P, B2C and B2B networking, as well as time and cost-efficient processes for service deliveries with safety, speed and quality. Case in point is Ola and Uber completely redefining Meru’s taxi hailing services and helped riders by adding a digital money wallet to their App.  Learn more  from pdf >>>>>>