Need for Today’s Time Data Economy & Connected Challenges

Nowadays there is a recurring buzzword: Digital Transformation (DX or DT) – it is an opportunity or a nightmare? The pandemic strengthened this trend, digital transformation helps to mitigate the effects of the crisis, improve resilience. “Resilience”, by the way, another recurring term in the pandemic time. We all agree on the meaning of the term “transformation” but “Digital” has different meanings. Jim Swanson, CIO of Johnson & Johnson says, “Digital is a loaded word that means many things to many people”. “Say 'digital' to persons and they think of going paperless; another might think of data analytics and artificial intelligence; another might picture Agile teams; and yet another might think of open-plan offices". A comprehensive definition of the term Digital transformation should be the integration of digital technology into all areas of activity, from business to public sector, fundamentally changing how we operate and deliver value to customers or citizens. The adoption of digital technology represented a true competitive advantage, literally “Competitive advantage refers to factors that allow a company to produce goods or services better or more cheaply than its competitors. These factors allow the productive entity to generate more sales or superior margins compared to its market competitors.” It is evident that digital transformation it is not a process “one size fits all”, each specific sector and even activity requires a particular approach and custom solution; this starting from the three main branches: citizens, companies, public administrations. Because digital transformation will look different for every company, it can be hard to pinpoint a definition that applies to all. Sometimes this means walking away from long-standing business processes that companies were built upon in favour of relatively new practices that are still being defined. In such a situation the “trial and error ” finding by continues improvements the optimal solution is the practical approach. Let’s now try to depict some of the potential tangible or intangible impacts. Of course the following one is not a complete list of impacts but provides a first glance.