Industry 4.0 and digital transformation are influencing the whole economy. Could you tell us about that transformation and related challenges facing Vietnamese enterprises? Digital transformation is the process of using digital data and technology to change overall and comprehensively the mode of development and the way of performance to improve business efficiency. In this regard, digital transformation covers information and organization transformation and comprehensive business transformation. A digital economy is based on digital technology, especially internet-based transactions, while digital transformation is considered the core of Industry 4.0. Six challenges lie ahead of Vietnamese enterprises, including advanced awareness and thinking; strategies and operational roadmap; digital capacity building including human resources, infrastructure and culture; identifying key technologies in business operations; business model renovation; and enlarging the size of an organization. How … [Read more...] about Digital transformation: Vision along with step-by-step action
Capgemini digital transformation pdf
National plan to promote digital transformation
Illustrative image (Photo: VNA) Hanoi (VNA) – A national plan is scheduled to be issued this year so as to serve as a basis to engage state agencies, businesses and individuals in digital transformation – a leading factor in growth facilitation and digital economy development. Minister of Information and Communications Nguyen Manh Hung said digital transformation and digital society will be a focus of Vietnam in decades to come. Digital transformation will open up great opportunities for the country as it will bring about comprehensive changes to organisations and businesses. Truong Gia Binh, Chairman of the Vietnam Software and IT Services Association (VINASA), said digital transformation will generate several benefits like cutting down operating expenses, accessing more customers and making faster and more precise decisions, thereby improving businesses’ operational efficiency and organisations’ competitiveness. According to him, in the IT era, the growth … [Read more...] about National plan to promote digital transformation
Australia, VN issue new report on digital transformation roadmap
The report “Việt Nam’s Future Digital Economy towards 2030 and 2045” provides economic modelling for potential growth scenarios. Photo courtesy of CSIRO HCM CITY — Risks and challenges must be identified during the digital transformation era to ensure that Việt Nam continues to grow and be prosperous, a new report has said. The report, “Việt Nam’s Future Digital Economy Towards 2030 and 2045”, notes that much has already been done through the Government’s policies on 4.0 Industry such as cybersecurity, energy and digital skills. The report was issued by Australia’s Commonwealth Scientific and Industrial Research Organisation (CSIRO) and Việt Nam’s Ministry of Science and Technology. Dr Lucy Cameron, lead author of the report, said that Việt Nam, as one of the world’s … [Read more...] about Australia, VN issue new report on digital transformation roadmap
Digital transformation offers development opportunities
Digital transformation is considered an opportunity for Vietnamese enterprises to avoid falling behind their competitors, but many firms, especially small- and medium-sized enterprises, remain unaware of the Fourth Industrial Revolution. — Photo nhandan.com.vn Digital transformation is considered an opportunity for Vietnamese enterprises to avoid falling behind their competitors, but many firms, especially small- and medium-sized enterprises, remain unaware of the Fourth Industrial Revolution, experts have said. At a workshop in Ha Noi on Friday, participants said the digital transformation had occurred around the world as governments and large businesses use new technologies to promote development. The trend was already increasing customer satisfaction and opening new markets. According to Lui Sieh, a digital transformation consultant from Hong Kong, digital transformation is understood as efforts of businesses to employ new technologies to ensure strong development and improve … [Read more...] about Digital transformation offers development opportunities
Vietnamese enterprises to boost digital transformation
Viet Nam News HÀ NỘI — Increasing profit a few hundred per cent, 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. Phương Trầm, FPT head consultant on digital transformation and former DuPont CIO at a seminar in Hà Nội 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 … [Read more...] about Vietnamese enterprises to boost digital transformation