Digital Transformation
3 Ways Digital Transformation Improves Agriculture in 2024
Introduction The global population is projected to reach 9.7 Billion by 2050, which implies the demand for food will increase and the necessary resources for the agriculture sector such as water will further diminish. Furthermore, the agriculture sector also needs to face challenges such as climate change and increasing costs of labor and raw material.
Top 5 Digital Technologies Transforming The Energy Sector in '24
Introduction Consumer expectations on the type of service they require from their energy providers are changing. For instance, in addition to wanting a safer and cheaper source of energy, they also demand more sustainability, reliability, convenience, personalization, and control from their energy providers.
Ultimate Guide to Insurance as a Service in 2024
The insurance sector is experiencing a rapid shift towards digitalization. According to EY, 80% of customers are eager to use digital and decentralized channels than traditional insurance platforms. Such an environment is forcing incumbents to collaborate with insurtech companies.
In-depth Guide to Digital Transformation for Telecoms in 2024
The telecommunication or telecom sector is a ~$1.5 trillion market that makes communication possible worldwide. As remote work becomes more widespread, consumer needs continuously change in the telecom sector, and they demand better services from telecom service providers. Like every other sector, the telecommunications sector can also benefit from digital transformation to improve its services.
Re-thinking Construction with Digital Transformation in 2024
The construction industry is one of the largest industries in the world, with global annual spending on goods and services of over $11 Trillion in 2019, and is expected to grow by 3 percent per year. However, according to a study, it is still one of the least digitized sectors.
Digital Transformation Pharma Trends & Technologies in 2024
Like every other industry, digital transformation is also revolutionizing the pharmaceutical sector. There has been a substantial increase in the digital health market since 2010, and according to a recent study, around 74% of respondents agreed that Covid-19 significantly accelerated digital transformation in the pharmaceutical and healthcare industry.
Top 3 Digital Transformation Supply Chain Best Practices in 2024
A study commissioned by GEP reports that even though 90% of executives acknowledge the importance of supply chain optimization through digital means, only 8% have truly achieved digital maturity in their supply chains.
7 Digital Transformation Best Practices for Organizations in 2024
Today’s customers are looking for convenient and personalized ways to purchase goods and services. These expectations are putting companies in a race against rapid digital transformation. Yet less than 30% of such initiatives are successful.
In-Depth Guide to Digital Transformation Culture in 2024
The failure rate for digital transformation is 70%. According to the Harvard Business Review, the reason for this high failure rate lies not only in the technical and financial obstacles, but also in the corporate culture, which does not promote digital transformation.
Technology Outsourcing for Startups: In-depth Guide (2024)
Most startups are run by a small number of key employees who are usually dedicated to more than one task. Coupled with tight money, team members are forced to work too hard to cut expenses. In addition, startups tend to fight against time to meet deadlines and get their products to market on time.