Overview of the event (Photo: VNA) Hanoi (VNS/VNA) – Increasing profit a few hundred percent, saving billions of dollars in technology costs, operating complex data systems in real time, transforming appropriate business models, improving operational efficiency and personalising customer experience on large-scale digital platforms at fast speed were the benefits of digital transformation, said Dr. Phuong Tram, FPT head consultant on digital transformation and former DuPont CIO at a seminar in Hanoi this week. Digital transformation in organisations and businesses is the process of changing from traditional models to digital enterprises by applying new technologies such as Big Data, the Internet of Things (IoT) and cloud computing. It also changes operation and leadership methods, working processes and corporate culture. Digital transformation brings many benefits such as cutting operating costs, reaching more customers in a shorter time, quicker and more accurate decisions thanks to timely reporting systems, thereby enhancing the operational efficiency and competitiveness of organisations and businesses. “Digital transformation”, “business model breakthrough” and “digital business” are not only topics discussed at global economic forums, but have attracted large tech firms to build platforms such as Google, AWS and Apple. According to an IDG report last year on multinational corporations… Read full this story
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