Digital transformation is the process of using assimilated information and digital technologies to generate or transform existing business models, processes, and customer experiences. Thus continuously confronting the ever-changing business ecosystem.
Over the last couple of decades, the industry has been working upon and analyzing numerous digital transformation cases across various functional domains. After detailed analysis and years of efforts spent, we realized just how challenging the paradigm of technological transformation is; and what it takes to succeed.
According to the research conducted by SAP Inc., the business entities that have implemented a digital transformation strategy and have a transformation focused roadmap are reporting higher profits and greater employee engagement than their competitors in their relative industry segments.
While the industry across the globe is catching up with digital transformation; nevertheless, it is not advancing at the same pace everywhere. According to the Industry Digitization Index published by McKinsey Global Institute – Europe is currently operating at 15% of its digital potential, while the United States is operational at 21%. Within Europe, Germany operates at 15% of its digital potential, while the United Kingdom is almost on par with the United States at 20%.
The research conducted by McKinsey Global Institute also identifies some typical patterns that have been evolving in the Digital Transformation space, which include –
Usage of cloud-based Infrastructure as a Service (IaaS) to minimize infrastructure cost and drive controlled investments.
• Implementing Internet-of-Things (IoT) to enhance customer and product interface and understanding the unique usage patterns.
• Realizing the theory of Blockchain to improve accountability and trace identity.
• Creating Data Lakes and Cubes, to extract never before insights from existing diverse data sources.
• Applying Artificial Intelligence (AI) to execute logical machine-driven actions based on behavioral patterns.
The potential of emerging technologies is tremendous; and while many of these are becoming easier to implement, understanding and addressing the following queries become paramount –
• How a particular technology contributes to the transformation story of an enterprise?
• How can the technology be adapted to address the specific needs of the business?
• How will a technology integrate with the existing systems of your complex enterprise architecture?
Implementing a digital transformation strategy without a clear understanding of the above-listed pointers; can complicate matters and result in the accumulation of colossal technical debt. One can avoid this by choosing the right implementation partner who is willing to walk with you in your digital transformation journey; one who has in-depth understanding and hands-on experience in implementing technological changes across enterprises, with the business’ adaptability and scalability in mind.
At Finnapps we have solved some of the most challenging digital transformation cases across varied functional domains. We have some interesting stories to tell you and compelling experiences to share.
Education is the ultimate foundation of humanity and its progression. Understanding the same, nations across the globe have persistently strived to promote education as obligatory freedom; furthermore, some countries have also waived off the cost and made it free, if not totally but at least until a certain age.
For over the last several centuries, the delivery of education has been broadly confined to classrooms only, albeit with a few exceptions. It is only in recent times, especially since humanity has been under the siege of COVID-19 that eLearning, or what is commonly referred to as online courses have evolved as the new normal in the world of education; which is looked up as a change that has favorably redefined the education system, and the way it has been historically conducted.
Online learning is a modern and active paradigm of learning, where ideas, knowledge, and experiences are rendered to the student in the form of internet delivered content; which includes but are not limited to –
Readable Textual Contents
• Audio Visuals (Images, Soundtracks, or Videos)
• Interactive Contents (3D Models)
• Virtual Reality Experiences
Therefore, evolving the way education has been conventionally imparted, and adding value by making it a lot interesting, entertaining, and interactive.
In its current state online learning contributes many advantages to both students and the education imparting organizations; the following are some of the foremost benefits.
Ease of access enables learning anywhere, anytime, and encourages self-paced learning.
• Promotes accessibility through alternative delivery channels
• Approaching a wider audience, and advocating equality
• Operational cost-effectiveness eventually serves in rendering affordable education.
• Personalizing learning with an emphasis on every individual’s unique capability, driven by an Artificial Intelligence (AI) controlled delivery process.
• Making education interesting by making it interactive using Virtual Reality (VR) technologies.
• Development of logical & decision-making capabilities, while imparting knowledge about other subject with the introduction of Gamification technologies and platforms.
Some of the lesser thought, yet significant positive impacts of online learning are –
• Effective time management – As online education has enabled the participants to save upon the travel time, which one would have otherwise spent on reaching the classrooms.
• Reduction in carbon emission – As people are now required to travel less, it has significantly reduced the usage of vehicles to do so, which has rendered humanity with a greener alternative to the process of imparting education.
The benefits of online education are not only limited to schools and universities, but they are also being leveraged by modern business enterprises too, wherein self-paced online courses and evaluations are used to train the associates on newer practices and business trends.
Benjamin Franklin who is one of the founding fathers of the United States of America has famously quoted – “Tell me and I’ll forget, show me and I may remember, involve
me and I learn”.