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Digital business transformation refers to the practice of updating existing business models with the incorporation of modern digital technologies in an effort to streamline processes, boost business growth, and maximise profits. A digital business transformation or modernisation involves updating and redeveloping an organisation’s business applications and core software to work with contemporary computing approaches. It also allows businesses to take advantage of cutting-edge digital technologies such as artificial intelligence (AI), machine learning, robotic process automation, advanced analytics, and more to stay relevant and competitive in today’s ever-evolving and fast-paced digital era.
A major part of this process is the elimination of large on-premises servers and other legacy data storage infrastructure that takes up large amounts of space, costs a lot to maintain, and requires regular upgrades to keep up with the demands of a growing organisation. This is achieved by moving a business’s digital assets, data, software, and processes from these physical servers to the cloud. By doing this, businesses can take advantage of the latest frameworks and cutting-edge infrastructure platforms.
To efficiently optimise key company activities and save capital and operating costs, a well-executed digital business transformation should entail a seamless transition and minimal downtime. Organisations that successfully execute a digital business transformation can expect to see a number of operational benefits, such as the ones mentioned below.
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