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UNDERSTANDING THE INNOVATORS’ ROLE IN DIGITAL

Submitted by:
ANTONIO, KHEIJIELHYN KLAINER A.
BSCPE-2204

Submitted to:
ENGR. REYNANTE B. PONAY

Submitted date:
 MAY 11, 2023

ABSTRACT
The concept of "digital transformation" describes the adjustments that have been caused
by the enlargement of digital technology into each aspect of human society. It alters how
companies run and provide value to customers. Organizations' interactions with consumers,
employees, and collaborators, as well as the way they produce and distribute goods and
services, are all impacted by the digital transformation. The rapid growth of the World Wide
Web, cloud computing, mobile devices, and social media platforms are the main forces behind
digital transformation. Businesses are being forced to change how they function as a result of
new technology that enable novel approaches to business and disrupt others already in use. The
digitization of and streamlining procedures, using data and analytics to obtain insights and
make better decisions, implementing new operational and economic models, and enhancing the
client experience through online platforms are key components of the digital transformation.
Organizations undergoing digital transformation seek to blend digital and physical business
processes in order to enhance productivity, strengthen relationships with business partners and
customers and create new business opportunities.
 INTRODUCTION

Modifications brought about by the integration of digital technology into any aspect of
the human race are referred to as "digital transformations." Businesses face barriers when
adopting modern technology in order to enhance their current procedures and create new
revenue sources. Some of the primary technologies powering digital transformation include
cloud computing, AI, the worldwide web of things, blockchain technology, 5G, virtual and
augmented reality. The benefits of digital change for businesses include rapid procedures and
decision-making, better customer experiences, access to new markets, reduced expenses
through robotics, and innovative new business models and products. The most successful
digital revolutions modify organizational culture, skills, procedures, and leadership in addition
to incorporating new technology. improved customer experiences through fresh digital
touchpoints and personalized services powered by AI. increased efficiency in operations
through the automated execution of manual processes and duties. Strengthened collaboration
via cloud-based tools and processes. Innovation cycles that move more quickly and offer you
the chance to test and use new digital products and services right now. New data sources are
available, and analytics provide insights to help with decision-making. ability to use digital
channels to reach new customers. the full benefit of digital technology within an organization,
significantly changing how you manage operations while providing value to clients.
Furthermore, it's a cultural shift that necessitates constant status quo challenge,
experimentation, and comfort with failure on the part of organizations.
 METHODOLOGY

Understanding your present processes and determining which ones could most benefit
from digitization are the initial steps. This entails speaking with staff members from several
divisions to get a complete picture. Finding ways to increase productivity, automate tedious
operations, and make better use of data and insights is crucial. Choosing your digital
transformation goals and objectives is the second phase. What are the main business
advantages you want to obtain? enhanced consumer and staff events, higher revenue, and
reduced costs. construct your transformation plan on these objectives. The third step involves
selecting the most effective technologies that will assist you achieve your objectives. The use
of cloud computing, mobile apps, automation tools, AI and machine learning, IoT sensors, and
various other elements may fall under this category. transformational goals should be directly
mapped to the technologies you chose. The creation of a change management approach is the
fourth phase. Process, job type, skill, and organizational culture changes are necessary as a
result of digital transformation. To encourage the use of the fresh systems, you'll need
enticements, methods of communication, and training programs. By following these steps and
developing a sound digital transformation methodology, you'll be able to successfully integrate
new technologies, improve processes and achieve your organizational objectives through data
and innovation. Enterprises must make significant changes to their operations, procedures,
competencies, and business models in order to effectively capitalize on the changes and
opportunities provided by digital technology and the evolving digitally changed business
environment. People and culture change organizations must prepare employees at all levels
through change management and training to fully embrace the new ways of working required
for digital transformations. The core of most digital transformations. Process redesign business
processes and workflows need to be redesigned and streamlined to remove inefficiencies and
leverage new technologies to automate tasks. Data and analytics organizations must harness the
power of data and analytics to gain insights, make better decisions, and develop data-driven
business models. Agile ways of working organizations need to transition to more agile ways of
working to enable rapid experimentation, innovation and quick response to changing market
conditions. Partnerships and ecosystems digital transformations require organizations to form
new partnerships and leverage ecosystems to access expertise, resources and market
opportunities. Design thinking using human-centered design approaches to reimagine products,
services and experiences. Lean startup rapidly testing ideas through build-measure-learn
cycles. Agile development applying agile principles to develop new digital products, services
and capabilities. DevOps adopting a culture of collaboration between development and
operations teams. By following a structured yet flexible methodology and addressing the key
technological, cultural and process elements, organizations can improve their chances of
successfully navigating their digital transformation journey. Assess your current state this
involves thoroughly analyzing and understanding your current business processes, technology
landscape, organizational structures and culture. Define your digital vision and goals needed to
determine how digital technologies can help you achieve your business objectives and create
value.
 RESULT

Digital transformation aims to optimize a business for success in the digital age. When
executed properly, it can fundamentally change how a company operates to deliver
transformative results. Increased efficiency and productivity by adopting digital tools and
technologies, businesses can automate repetitive tasks and streamline processes. This can
significantly boost employee productivity and the efficiency of operations. Improved customer
experience digital solutions enable companies to provide more personalized, convenient, and
instant customer service. Customers have higher expectations now and demand an optimized
digital experience. Access to new markets being digital-ready allows businesses to reach new
audiences and enter global markets more easily through e-commerce platforms and online
distribution channels. Reduced costs several digital technologies and solutions can help
businesses reduce expenses related to operations, inventory management, and transaction
processing. Innovation and competitive differentiation digital strategies empower companies to
innovate new products, services, and business models that set them apart from competitors.
Massive amounts of data are produced by data-driven decision-making technology
technologies, which businesses may examine to learn important lessons, spot trends, and make
better strategic decisions. The changes brought about by the use of digital technologies to
transform services or organizations are referred to as digital transformation. Improved
operational effectiveness through the application of automated techniques and tools. new
business model creation made possible by digital platforms and services. improved client
experience because to services that are more individualized and easily accessible online.
Decision-making can be made more quickly thanks to access to real-time data and information.
ability to use digital infrastructure to quickly scale up and grow businesses. New business
models, services, and products made feasible by digital technologies. In general, digital
transformation seeks to assist companies and organizations in modernizing through the use of
new digital technology, tools, and procedures. The outcomes may involve significant
adjustments to how tasks are completed, consumers are interacted with, and strategies are
developed. A digital transformation strategy must prioritize targeted business objectives over
mere execution if it is to succeed. The phrase "digital transformation" emphasizes the changes
that are that have been caused by the enlargement of digital technology throughout every
aspect of human society. By automating tasks and processes through technologies like AI,
machine learning, robotic process automation, and others, organizations see significant gains in
efficiency and productivity. Employees can spend less time on repetitive tasks and more time
on higher value work. Organizations may provide more individualized, easy experiences for
their customers by implementing digital tools and platforms. Customers can solve problems
more quickly and have access to more self-service choices. Organizations may access real-time
information about their operations, clients, and the market thanks to the data collecting and
analysis offered by technologies like IoT, sensors, cloud computing, and data analytics. They
are able to make quicker, better decisions as a result. Using new technology and digital
capabilities, digital transformation frequently seeks to fundamentally restructure a company in
ways that support efficiency, competitiveness, and revenue growth. The secret lies in a
comprehensive strategy that modifies not only specific practices or technologies but also the
entire business model, culture, and customer connections. The effective use of digital
technology enables businesses to modify their business models, reinvent their processes, and
develop a lasting competitive edge when these results are achieved on a wide scale.
 CONCLUSION

The integration of digital technology across all functional areas of a company results in
a fundamental shift in how that company runs and provides value to its clients. It has enormous
potential to raise productivity, efficiency, and competitiveness. However, organizations must
also overcome considerable obstacles as a result of digital transformation. Processes,
technology, culture, and working methods all need to adapt. Failure, increased expenses, and
interruption are hazards. Businesses must have a clear strategic vision, select the appropriate
technologies, and invest in people and skills in order to successfully implement digital
transformation. their organizational culture to accept new working practices. Digital
transformation can, when done successfully, give businesses a major competitive advantage
over their rivals by improving customer experience, optimizing processes, creating new
revenue sources, and getting insights from data analytics. Therefore, even if digital
transformation is difficult, it could be worthwhile for businesses that wish to remain
progressive, inventive, and competitive in the digital age. The integration of digital technology
across all functional areas of a company results in a fundamental shift in how that company
runs and provides value to its clients. It is a revision and rethinking of business procedures and
methods that makes use of the possibilities provided by digital technologies. A firm can see
significant benefits through digital transformation, including increased productivity, cost
savings, customer engagement, and the creation of new revenue streams. However, for digital
transformation to be genuinely successful, corporate culture and attitude shifts are also
necessary. In conclusion, while digital transformation brings immense opportunities to improve
businesses, it also presents challenges in terms of change management, skills, talent,
organizational culture, and technology complexities. Companies that can navigate these
dynamics successfully and scale their digital initiatives will gain significant competitive
advantages in the coming years. Digital technologies such as cloud, AI, IoT, and blockchain
enable a business to transform core processes and functions, offer new revenue streams, and
improve customer experiences. Digital transformation requires a shift in mindset, culture, and
ways of working within an organization. It is not just about implementing new technologies.
For digital transformation initiatives to succeed, companies need a clear vision, strategy, and
roadmap. They must prioritize the right technologies and use cases. Change management and
organizational readiness are critical components for scaling digital transformation initiatives
and generating real business impact. Digital transformation is an ongoing journey that will
require continuous innovation, adaptation, and evolution to keep up with the pace of
technological change.
 REFERENCES

https://enterprisersproject.com/what-is-digital-transformation#:~:text=Digital
%20transformation%20is%20the%20integration,and%20get%20comfortable%20with
%20failure.

https://www.salesforce.com/ap/products/platform/what-is-digital-transformation/

https://www.accenture.com/us-en/insights/digital-transformation-index

https://hbr.org/2019/03/digital-transformation-is-not-about-technology