Digital transformation and emerging technologyWhat digital transformation is12 minTermMeaningExampleDigitizationAnalog to digitalScanning paper formsDigitalizationDigital tools improve an existing processOnline form feeds the database directlyDigital transformationStrategy, operations, culture and business model change around digital capabilityClinic shifts to virtual visits and remote monitoring as a core serviceDrivers: customer expectations, competition, cost pressure, regulation, new data.Dimensions: customer experience, operations, business model, workforce and culture.Failures are usually organizational: unclear goal, weak sponsorship, poor change management, not the technology.Buying a tool is not transformation. The test: did the way the organization creates value change?Word bankAll definitions →Business needA measurable gap between current and desired performance.Digital transformationOrganization-wide change in how value is created and delivered, enabled by digital technology.Knowledge checkA firm converts 20 years of paper invoices to PDFs. This is:ADigitalizationBDigital transformationCDigitizationDAutomation of the business modelMost digital transformation failures trace to:AOrganizational factors such as goals, sponsorship and change managementBHardware defectsCProgramming language choiceDInternet speedMark doneEmerging technologies