The Role of AI, ML and IoT in Digital Transformation

Adoption of digital technology by a company, which is essentially the overall Digital Transformation is not a new concept. Technologies that are used to drive the digital transformation began its development almost half a century back around 1970s. As the technology has become more accessible now, digital transformation is widely used by businesses and organizations as it keeps them in a position to stay ahead of the curve. There are primarily 4 main areas of digital transformation i.e., companies can either plan to offer a new product, offer a new service, improve existing business process or create a new business model altogether. But since digital transformation is a lot more than just adding new technology, organizations are nowadays planning and proactively building a Digital Transformation Strategy.