Digital transformation is about how businesses are adapting to a more digital world/marketplace. The short answer is that if your business doesn't start digital transformation your business will suffer. Your competitors are going to be adapting it and it makes them more agile, responsive, cost effective, and profitable. An example from previous years could be the fax machine. Many years ago that technology allowed businesses to get important documents signed and returned cost effectively. During that time businesses not able to use fax suffered as time to close business and deals took longer, where their competitors were working on the next sale/deal almost immediately. This method used existing technology like phone lines to transmit data and bring a more economic way of getting large documents sent quickly. Today we are doing the same thing using the cloud to deploy and utilize more technology advancements and services by the day to help businesses and people be more effective. Thus digital transformation is a new hot word, based on a theory from many years ago.
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