Innovation
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How Digital Transformation Can Change Our Business World For the Better

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Forbes
June 15, 2022
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Summary

Many companies view digital transformation strategies as a way to differentiate themselves or gain a competitive advantage. Thanks to the pandemic, it is no longer an option for businesses. The world is digital, and there is no going back. Read more in this Forbes report about how digital transformation is changing the business world for the better, and is the most critical growth driver. 

When it comes to the amount of data around us, the 2020 World Economic Forum reported that as of two years ago, “the number of bytes in the digital universe was 40 times greater than the number of stars.” According to the same report, we saw the number of internet users hit over 4.8 billion worldwide with $1 million spent every minute on commodities online.

And yes, there was that other thing that happened. As consulting firm Korn Ferry, writes: “If 2020 and 2021 were years of unplanned reinvention, 2022 is our opportunity to make intentional changes.” I tend to agree with this sentiment.

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