29th Monthly Article on Digital Transformation Due Diligence January-2022

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29th Monthly Article on Digital Transformation Due Diligence January-2022

Introduction

Information and communication technologies started transforming the global business ecosystem at an accelerated pace since 1956 when IBM first proclaimed availability random access storage system. After about forty years from then began the Industry 4.0 era. Advents of powerful digital technologies, their evolutions, and innovative applications by startups and technology giants created both transformational and foundational impacts on business operations with superior financial performance. More and more corporate entities are transforming themselves with digital technologies for gaining first mover’s and/or competitive advantages as well as remaining relevant in the present era. Digital transformations (DT) are also helping exploration of new business models with multiple revenue models. At the other end of the spectrum the world is witnessing emergence of unicorns from the embryos of startups. According to the Hurun Global Index, there are 1,058 unicorns in 2021, when India has become third largest home for 54 Unicorns leaving the UK behind. Indian entrepreneurs have set up 119 unicorns with 65 of them being in the USA1 . Many more ‘soonicorns’ (soon to be unicorns) are waiting to join that elite club

All these have been possible due to staking of lifetime savings and boot strapping by ‘Startupians’. High-net- worth individuals (HNIs), Angels, Venture Capital, and Private Equity Funds, herein after collectively referred as AIFs, have invested huge funds in technology sector. All these have helped startups designing innovative solutions and developing unique products with applications of digital technologies. All such investors while taking enormous risks in quest of very high returns, have participated in progression of Unicorns. Traditional industry players are continuing to organise hackathons for exacting unique, yet needful digital solutions for befitting their need for DT of operations. These have encouraged young talents and startups to participate in digital revolution. Learn more  from pdf >>>>>>