digital transformation
/ˌdɪdʒɪtəl ˌtrænsfərˈmeɪʃən/ · dig·i·tal trans·for·ma·tion
noun
- The process of using digital technology to fundamentally change and improve an organization's operations, products, and services The company underwent a digital transformation, adopting cloud computing and artificial intelligence to streamline its operations and enhance customer experience.
- A change in business model or culture that is driven by digital technology The digital transformation of the music industry led to a shift from physical album sales to streaming services.
Synonyms
digitalizationdigitizationtechnological innovationbusiness transformationorganizational changemodernizationinnovation
Antonyms
Did you know? The concept of digital transformation has been widely adopted across industries, with companies like Amazon and Netflix being prime examples of successful digital transformations. These companies have not only adapted to changing market trends but have also driven innovation and disruption in their respective industries.
Read the full encyclopedia articleNerddpedia has an in-depth article about digital transformation