{"id":9665,"date":"2019-11-19T07:00:03","date_gmt":"2019-11-19T15:00:03","guid":{"rendered":"http:\/\/formtek.com\/blog\/?p=9665"},"modified":"2019-09-27T07:32:28","modified_gmt":"2019-09-27T15:32:28","slug":"digital-transformation-a-continuous-process-not-once-and-done","status":"publish","type":"post","link":"https:\/\/formtek.com\/blog\/digital-transformation-a-continuous-process-not-once-and-done\/","title":{"rendered":"Digital Transformation: A Continuous Process, Not Once and Done"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Technology is disrupting businesses and industries, and businesses are racing to adopt technology in order to keep up.  Digital transformation is needed for businesses to stay relevant and compete.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">When it comes to Digital Transformation, 451 Research divides organizations into two groups:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Data Drivers<\/strong> &#8211; those organizations that use data to make decisions<\/li><li><strong>Data Drifters<\/strong> &#8211; those organizations that don&#8217;t use data<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.linkedin.com\/in\/matthew-aslett-72a7975\/?originalSubdomain=uk\">Matt Aslett<\/a>, Vice President at 451 Research, <a href=\"https:\/\/blog.451alliance.com\/whos-more-data-driven-big-or-small-companies\/\">said that <\/a>&#8220;traditionally, we think that small and young equals innovative, and large and old is slow-moving. But this isn\u2019t necessarily the case when it comes to being data-driven. In many cases, smaller companies are actually making fewer strategic data-driven decisions.&#8221;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Small companies tend to be more flexible and ready to adopt, while big companies may be slower but have the resources to invest in new technologies.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"http:\/\/ide.mit.edu\/sites\/default\/files\/The_Digital_Advantage__How_Digital_Leaders_Outperform_their_Peers_in_Every_Industry.pdf\">An MIT study<\/a> found that companies that adopt technology are 26 percent more profitable than those that don&#8217;t.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It&#8217;s important to realize that digital transformation is never ending.  <a href=\"https:\/\/www.forrester.com\/Nigel-Fenwick\">Nigel Fenwick<\/a>, Forrester analyst, <a href=\"https:\/\/www.techrepublic.com\/article\/10-companies-that-are-spearheading-digital-transformation-in-their-industry\/\">said that<\/a> &#8220;there is no successful completion of a transformation\u2014it&#8217;s a continuous evolution. Transformation creates new sources of customer value by helping customers achieve their desired outcomes in new ways. 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When it comes to Digital Transformation, 451 Research divides organizations into<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/formtek.com\/blog\/digital-transformation-a-continuous-process-not-once-and-done\/\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[85],"tags":[],"class_list":["post-9665","post","type-post","status-publish","format-standard","hentry","category-digital-transformation"],"_links":{"self":[{"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/posts\/9665","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/comments?post=9665"}],"version-history":[{"count":2,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/posts\/9665\/revisions"}],"predecessor-version":[{"id":9667,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/posts\/9665\/revisions\/9667"}],"wp:attachment":[{"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/media?parent=9665"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/categories?post=9665"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/tags?post=9665"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}