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Beyond Digital Transformation: What It Means to Be a Digital Business

Publisher IDC
Published Jul 06, 2023
Length 15 Pages
SKU # IDC18043556

Description

Beyond Digital Transformation: What It Means to Be a Digital Business


Becoming a digital business is a multifaceted journey that impacts all areas of the organization. Organizations must embrace modernization and the digital business era to grow and thrive in the new Latin American and global economy. Enterprises must create multilayered strategies considering elements such as mindset and the skills gap, as well as the need to build strong trust, competitiveness, and resilience, among other components that must become part of the company's DNA. Global predictions infer specific actions to take toward achieving a digital business status, with revenue coming from digital initiatives and technology investments."The pursuit of digital business will continue unabated. Hence, it is imperative for Latin American leaders to capitalize on the inherent resilience that they have consistently demonstrated to evolve and transform their enterprises. The key is to attain the dynamism that comes with digitization and to place emphasis on being customer-centric. Take advantage of technologies such as analytics and machine learning to transform data into an efficiency-improving and revenue-generating asset," Pietro Delai, Director, Enterprise, Latin America Research.

Please Note: Extended description available upon request.

Table of Contents

15 Pages
Executive Snapshot
Situation Overview
Thriving in the Digital Business Era
Transition to a Digital Business Model
Digital Business Maturity to Be Digital-First
Creating Business Value
Investment Priorities Toward a Dynamic Digital Business Creating Value
Investment Trends
Dynamic Business Models Leverage Digital Businesses
Technology Leadership and a Digital Dream Team
Balance IT and LOB Areas
Digital Skills Gap and Partnerships
Dynamic Data, Trust, and Compliance to Leverage Competitiveness
The Magic of a Resilient, Digital Commerce Model
Sustainability
Reframing Digital Business Use Cases
Advice for the Technology Buyer
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Related Research
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