What is digital transformation?

Digital transformation is the use of digital technology to promote the transformation of business model, organizational structure, corporate culture and other reform measures.

Digital transformation aims to use a series of new technologies such as mobile, Web, social network, big data, machine learning, artificial intelligence, Internet of Things, cloud computing, blockchain, etc. to conceive and deliver new differentiated values for enterprises.

Enterprises adopting digital transformation will generally pursue new sources of income, new products and services and new business models. Therefore, digital transformation is the deep integration of technology and business model, and the final result of digital transformation is the change of business model.

Digital transformation shows that only when enterprises redefine their business systematically and thoroughly can they succeed-not just IT, but all aspects of organizational activities, processes, business models and employee capabilities.

Extended data

Innovation enhances capabilities, which in turn creates new business or policy issues. The first two examples may be narrow in clarifying the point of view. To this end, let's look at the broader factor that affects our entire industry-the lack of digital leadership.

Like other symptoms of success, the lack of digital leadership is caused by the rapid development of capacity, connectivity and bandwidth, which enables most companies to obtain unprecedented big data capabilities. I often quote Tom Davenport, an industry analyst, to meet this challenge: "It is much easier to buy digital capabilities than digital leadership."

Baidu Encyclopedia-Digital Transformation