Digital Transformation – Business Direction in Era 4.0
Digital transformation is the process of changing from a traditional model to a digital business, by applying new technologies such as Big Data, Internet Of Things, Cloud Computing …, changing the operating methods, leadership, and working processes work, company culture …
Vietnamese businesses are currently emerging in the process of international integration. Transparency in management is increasingly emphasized for businesses. The digitalization of enterprise management information is not only a need but also a competitive value required in the information age 4.0. The information to be digitized includes: information about products and services of the company, managing records of revenue and expenditure, managing employee productivity, managing customer information, balancing resources (personnel, materials) with the order.
According to a survey, the most successful organizations operating in the private and public sectors spent 33% and 21% of IT budgets respectively in 2017 on digital transformation investment. In 2018, these organizations are expected to increase their spending to 43% of information technology budget for digitization, and public organizations will increase to 28%. Another forecast shows that by 2020, global digital conversion costs will reach about $ 2,000 billion.
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Wishing you much success in digital transformation of your business.