What is Digital Transformation, and How to Create a Digital Roadmap for your Organization?
April 25, 2017 | Frost & SullivanEstimated reading time: 1 minute
Emerging game-changing technologies are reshaping industries, providing the foundation for widespread digital transformation. Frost & Sullivan’s Digital Transformation (DT) team tracks developments that hint at fundamental shifts in the way we live and do business, developments to keep on the radar to ensure future growth opportunities are captured. We give a perspective both about the demand and supply side of the market to identify the maturity of solutions available, and also the levels of DT activities across various industries in the country.
Digital transformation.jpgIn this regard, Frost & Sullivan is hosting its Growth Innovation Leadership (GIL) Council - a Leadership Breakfast Session on Digital Transformation at Frost & Sullivan Chennai on May 12, 2017 between 08.00-10.00 AM. The aim of the session is to provide a snapshot on enterprise digital readiness measured across the SSMACA (Security, Social Media, Mobility, Analytics, Cloud, Automation) in India across verticals such as Manufacturing, Energy and Utilities, Pharma, Automotive, Chemicals, BFSI, Healthcare, Media and Entertainment, IT/ITES, Retail and others; as well as how enterprises align their infrastructure, process and their business models to leverage digital technologies.
The global digital transformation solutions market is expected to grow from $185.2 billion in 2016 to a $1 trillion market by 2025, at a CAGR of 20.6%. Among various digital technologies, mobility and cloud solutions are becoming highly popular as they offer faster return on investment (RoI). In India, Government initiatives such as Digital India and Make in India are expected to improve communication infrastructure and provide platforms that will encourage adoption of digital technologies among enterprises.
Digital Transformation in India has shown that IT is no longer just a support function but it has become an industry imperative to solve crucial business challenges and come up with innovative new business models to delight the customer and improve the customer experience journey.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies.
Suggested Items
Commercial Demand Continues to Be the Main Driver of Personal Computing Device Shipments into the GCC Region
03/26/2024 | IDCThe Gulf Cooperation Council (GCC) personal computing device (PCD) market, which is made up of desktops, notebooks, and workstations, declined 4.0% year on year in 2023, with high inventory levels and reduced consumer spending the primary causes.
Suppliers Aim to Raise Contract Prices, But With Uncertain Demand, 2Q24 DRAM Price Increase Expected to Narrow to 3–8%
03/26/2024 | TrendForceTrendForce’s latest report reveals that despite DRAM suppliers’ efforts to trim inventories, they have yet to reach healthy ranges. As they continue to improve their lose situations by boosting capacity utilization rates, the overall demand outlook for this year remains tepid.
LPKF Reports Strategic Successes and Narrowly Achieves Forecast for 2023 Financial Year
03/26/2024 | LPKFLPKF Laser & Electronics SE generated revenue of EUR 124.3 million in the financial year (previous year: EUR 123.7 million) and earnings before interest and tax (EBIT) of EUR 3.7 million (previous year: EUR 6.8 million), putting the EBIT margin at 3.0% (previous year: 5.5%).
Arlon EMD and EMC Announce Expansion in California
03/25/2024 | Arlon EMDArlon EMD, a division of Elite Materials Company (EMC), announces a factory expansion at the Rancho Cucamonga, CA location. Arlon is a global leader in high performance thermoset substrates for mission critical printed circuit boards manufactured for high endurance and long-life programs. Arlon has a 45-year history of manufacturing specialty materials for the Aerospace, Industrial and Military (AIM) markets.
Intraratio Enhances MES + Yield / IoT Management with New Advanced Manufacturing Analytics
03/22/2024 | IntraratioIntraratio announced AICard, which harnesses the power of artificial intelligence and machine learning to empower manufacturers to make informed decisions quickly and accurately regarding product quality and manufacturing line performance and optimization.