There is a new chair at the table - that of a Chief Digital Officer. A successful transformation requires the engagement, and a special emphasis on human resources where the new role of Chief Digital Officer, the CDO becomes important.

The first transformation story started when the power of steam was used to mechanise production. The second used the power of electricity to create mass production. The third was the power of electronics and information technology to automate production.

We address the steady rise leading to a significant increase in the focus of digital transformation and its trends addressing different technological and organisational aspects. In this blog, we want to consolidate existing fundamentals of digital transformation.

Get your business model right. A business model is the basic logic of a company that describes what benefits are provided to customers and partners. A business model answers the questions of how the provided benefits flow back into the company in the form of revenue - which is what digital transformation is all about.

Prima facie, understand the existence and acknowledgement of a clear lack of approach for how to digitally transform business models. Followed a layered and step-by-step methodology with clear-cut accountability for every entity involved.

A business operates on the fundamental principle of delivering value to its customers. We define digital transformation as integrating digital technology into all areas of your business, resulting in changes that meet those deliverables.

The word enterprise comes from old French. It means to undertake something, and it has to bear fruit. An enterprise is an economic environment which should encourage that growth. Enterprise systems are a suite of integrated software modules within a common central database. A system designed and applied in such an environment is an enterprise application.

Redux means ‘to reduce’The word redux comes from reduction. A company sets up its operations with the idea of wanting to stand forever. To stay relative it welcomes a lot of new technologies and newly skilled people to its hive.