Digital transformation

Referring to the integration of digital technology into all areas of a business, digital transformation fundamentally alters how organizations operate and deliver value. It's a shift that requires organizations to continually challenge the status quo, experiment often, and get comfortable with failure. This sometimes involves a change in leadership, thinking, encouraging innovation, and new business models, incorporating digitization of assets and increased use of technology to improve the experience of the organization's employees, customers, suppliers, partners, and stakeholders.