Council Post: The Survival of the Firm: Digital Transformation 

The term "digital transformation" is often used to describe various changes taking place in companies today, but what does it truly entail? Digital transformation is a comprehensive process that involves a wide range of activities within and outside the organization. In essence, it refers to the process of reshaping how a company operates to remain competitive in the digital era. This transformation encompasses the infusion of digital tools, methods, and processes into every aspect of the company's operating model, including processes, business models, products and services, customer experience, technology, and corporate culture. A key aspect of successful and competitive businesses in the future is the ability to deliver products and services efficiently, while keeping costs low an