Businesses today try to stay competitive by transforming the way they used to make business. This transformation changes the enterprises completely including the working culture. If you would like to learn more about the transformation, don’t forget to take a look at our adapting digital transformation article.
Recent studies show that only a few businesses complete their transformation as they need to stay competitive. One of the reasons why many of them fail is because they don’t pay attention to the first step properly. The first step is the data journey and it is very crucial to complete it appropriately.
The advanced countries like Singapore take digital transformation seriously and launched its national artificial intelligence strategy and allocated a 500 million Singaporean Dollars budget for this strategy which will be a huge boost for their innovation and enterprise 2020 plan.
Without utilizing the data that enterprises possess, there can’t be a transformation and eventually, this will hurt companies. In today’s world, every business is a data itself so this shows how vital data is. Let us explain to you how to complete your data journey step by step.
HOW TO START YOUR DATA JOURNEY?
Data plays a major role in decreasing business costs and increasing revenue. The following is the data journey steps that can give you some hints to start your digital transformation.