Business and Its Digital Transformation Essay

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New information technologies (NIT) have an enormous influence on an individual’s quality of life and the development of business. Currently, laptops, computers, tablets, and smartphones are relatively common attributes in the everyday routine of both consumers and industries. However, if a company wants to be ahead of competitors, it needs to invest in advanced digital technologies regularly. Even though it can be challenging to imagine ways of how NIT can develop more over time, this skill is particularly helpful for successful company owners. Nonetheless, individuals should analyze the possible reasons for the deployment of NIT to their unique business needs. Thus, company owners should examine various drivers, including appropriate electronic deliverability, customizability, search costs, and more. Primarily, NITs are used to build a more reliable connection between customers and businesses. Thus, institutions use NIT as a network because it helps to build stronger relationships and alliances. I think that companies, big or small, should be able to adapt to new technologies by always updating their knowledge on the topic, consulting with competent specialists, and being future-oriented.

There are numerous examples of successful businesses that could not keep growing and improving because of a lack of NIT introduction into their model. However, a small company can develop fast if it has a strong internet presence, can provide various services online, or assist customers with new technology products. In any caseenablesenable businesses, consumers, investors, partners, and suppliers to stay interconnected. Besides adaptability, individuals should learn how to choose what aspect of NIT to implement based on their unique purposes. This positive transformation of a business can be done by deciding on the most effective mediation strategy.

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IvyPanda. (2022, February 8). Business and Its Digital Transformation. https://ivypanda.com/essays/business-and-its-digital-transformation/

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IvyPanda. 2022. "Business and Its Digital Transformation." February 8, 2022. https://ivypanda.com/essays/business-and-its-digital-transformation/.

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IvyPanda. "Business and Its Digital Transformation." February 8, 2022. https://ivypanda.com/essays/business-and-its-digital-transformation/.

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