DIGITAL TRANSFORMATION

WHAT IS DIGITAL TRANSFORMATION?
                 Most of the people say that digital transformation is the use of digital technology in a business environment to increase the speed of business, accuracy of business and solve a problem that happens in the business world. Do you think what they say is correct if yes, give yourself a high-five because it is right, but well that alone is not digital transformation?

HERE IS THE SMALL VIDEO LINK ABOUT WHAT IS DIGITAL TRANSFORMATION:
https://www.youtube.com/watch?v=8Rb6fSaHmjU

WHEN & HOW IT STARTED?
                 It all started when machines came into action in every industry and when industrialists started to believe that automation is the key to the future.
                 The base of digitization and automation is laid by the famous scientist CHARLES BABBAGE a mathematician, a mechanical engineer and an inventor who invented the computer in the first place. The computer has an important and major role to play in the upcoming future. To be precious during the mid-'90s the beginning of a new era has happened without knowingly.

DIGITAL TRANSFORMATION:
                  Every new technology is an idea of a past. Development, research, and implementation of that idea into a product or service is called technological development.
                   Since the computer came into play in all the industry business data and personal data have been stored in a common place called the computer. During the 21st century, the mobile phone has become a new technology of the century then came social media then e-commerce the e-vehicle and so on the list goes on. All these new digital technologies have reduced our time, improved to the way of communication and doing business. Data are the future of technology, almost everyone has a social media account or using any sort of digital device, to have a social media account we need a social media profile to create a profile we need to feed some of our personal data into that account, all those data which we knowingly or unknowingly provide in a social media platform or a website are used to to do data analytics.

A VIDEO LINK OF HOW DOSE DATA HELP IN BUSINESS DECISIONS:

https://www.youtube.com/watch?v=6naW6Kg23q4

USE OF DATA:
                   Data is information about anything or anyone. Those data helps the business people to take business decisions. Take Amazon(e-commerce) warehouse for example at first they use to employed humans to store and supply the packed products but now data helped them to change the approach the way they do warehouse thing they started to use robots instead of humans to do the work because humans have some memory problem they forget where they kept what but machines do not forget and they also perform the work better than humans.

                   Likewise, everything which we browse on the internet is the data to are helpful to digital business people they understand what sort of product we are looking for and suggest similar products to us as soon as we start shopping for the product. Data are useful in every area starting from the purchase of raw material to selling and distribution of the product.
                   The service sector is completely dependent upon data best example is the banking sector which uses data for each and every decision. Now our government has a plan to do something called aggregate account which helps both the government and banking people.

HERE IS THE LINK TO KNOW MORE ABOUT AGGREGATE ACCOUNT:
https://finshots.in/archive/account-aggregators-fintech/

So what do you think of that is digital transformation is good or bad? Does it have a major role to play in the future?