Europe Digital Transformation Market Is Predicted to Augment Owing to Digitalizing Organizational Business Operations to Serve Transforming Customer Preferences: Ken Research
According to the report analysis, ‘Europe Digital Transformation Market: Current Analysis and Forecast (2021-2027)’ states that companies are now being delivered with an opening to radically modification their business models via fresh digital technologies such as social networks, mobile, big data, Internet of things, countless other innovations such ass blockchain. This classically includes changes of the fundamental business operations and changes products and progressions, as well as organizational structures, as companies ought to set up management practices to comportment these composite transformations. Organizations today gradually realize they can no longer motivation on just selling products; they prerequisite to sell an experience. A snowballing number of products today both consume and engender data, and many are interconnected through the Web. Because of this enlarged intelligence, their convention can be monitored, additional services can be proactively offered, or maintenance can be conveyed when a problem is detected. Digitalization is the cause of large-scale and all-encompassing transformations across multiple factors of business, providing unparalleled opportunities for value formation, while also representing a foremost source of risk.
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The usage of advanced technologies, such as cloud, IoT, big data and analytics, mobility, and social media, has led to modernization and transformation, thereby motivating growth in the business ecosystem. Digital technologies have transmuted the legacy method to business into a modern approach. Prominently, organizations petition an instant, precise, and real-time rejoinder from the analysis of big data to produce new products and services, enhance prevailing ones, and formulate entirely new business models to advantage a competitive edge.
Enterprises have started integrating big data and business intelligence to acquire the real-time information, obtain the actionable insights, understand customer demands, and facilitate growth in their complete productivity. Since the acceptance of modern technology proposals endless opportunities, consumers often rate enterprises commonly in terms of digital customer experience. The majority of entities are implementing the digital transformation practices, which majorly aim on digital interactions with their customers. This aspect has led to an increment in requirement for digital transformation solutions around innumerable industry verticals.
Not only has this, the growing penetration of mobile devices and apps has transfigured several aspects of modern life. This has, in turn, paved the way for the digitization of diverse verticals. Organizations and businesses across the globe are digitally transforming their outmoded brick-and-mortar businesses into the online businesses. Moreover, introduction of the innovative technologies like AI, Ml, RPA, and IoT has heightened the importance of mobile applications that would lead to the growth of digital transformation around the Europe.
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Ankur Gupta, Head Marketing & Communications
Ken Research Pvt. Ltd.,
Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India
Ken Research is a research based management consulting company. We provide strategic consultancy to aid clients on critical business perspective: strategy, marketing, organization, operations and technology transformation, advanced analytics, corporate finance, mergers & acquisitions and sustainability across all industries and geographies. We provide business intelligence and operational advisory across 300+ verticals underscoring disruptive technologies, emerging business models with precedent analysis and success case studies. Some of top consulting companies and Market leaders seek our intelligence to identify new revenue streams, customer/ vendor paradigm and pain points and due diligence on competition.
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