Digital transformation (DX) is reaching a macroeconomic scale. DX business objectives are balanced between tactical and strategic objectives and range from improvement in operational efficiencies and customer satisfaction to increasing existing product revenue to improving profit margins to launching new digital revenue streams.
Successful DX relies on utilizing data for services as well as converting data into actionable insights. This reliance on data is contributing to a new digital era. 3rd Platform (cloud, social, mobile, and Big Data) computing is the underpinning of DX worldwide. It enables collection of a vast breadth of data sets and delivers the agility and efficiency needed to accelerate DX.
Intelligent applications based on artificial intelligence, machine learning (ML), and continual deep learning are the next wave of technology transforming how consumers and enterprises work, learn, and play. While data is at the core of the new digital economy, it's about how you sense the environment and manage the data from edge to core to cloud and how you analyze data in near real time and learn from it, and then act on it to affect outcomes.
No industry is exempt from the impact of digital transformation. What differentiates winning organizations from their peers is how they leverage data to deliver meaningful, value-added services or any enterprise decision making.
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