“Information technology and business are becoming inextricably interwoven. I don’t think anybody can talk meaningfully about one without the talking about the other.”
– Bill Gates
Every industry is being shaped by modern technology. Digital transformation is happening every second, and companies who don’t embrace it are bound to be left behind.
Netflix started out as a DVD rental company, then re-invented itself as a video-streaming service. Now the company is spending $5 billion a year on creating its own original TV series and movies.
Japanese multinational consumer electronics and software company Nintendo started out creating console games before launching a new wave of motion-sensor technology with its innovative Nintendo Wii.
The company has even transcended into the the VR realm with its immersive augmented reality game Pokemon Go which brought in $200 million in just the first month of its launch.
There are several reasons for the success of these companies – from good leadership, strategy, culture, etc. But from a technology standpoint, these companies all share one common principle: embracing new cloud technology to expand services and stay ahead of the changing times.
If you’re not embracing the power of digital transformation for your organization, here’s what could happen:
Inability to Meet Consumer Needs
Consumer needs are always changing. As the evolution of technology continues to tread forward, consumers demand more and more from the companies they do business with.
Lose Out to Competition
In today’s digital world, change is constant. With change comes the need for IT upgrades, updates, renovations, and enhancements.
Businesses without up-to-date technology to support their ongoing needs risk being left behind in the slow lane and losing their competitive edge. Digital innovations have permeated our world, both at work and in our personal lives. It’s time to embrace digital transformation of your business runs the risk of becoming obsolete.
If you’re ready to catch up to the changing digital times, let’s talk. We’d love to show you how you can get ahead.