Digital Transformation: A New Industrial Revolution

Roshan K. Bhangale, Sayali V. Zirmite, Sunil S. Mandhare

Abstract: Rapid advances in digital technology are redefining society. Digital Transformation provides industry with unparallel opportunities for value creation. Digital Technology are creating new profit pools by transforming customer expectations & how companies can address them. This paper focuses on the digital revolution of industries. Now-a-days the digital revolution is transforming the industries thus product becomes increasingly smarter & flexible. To deal this challenge industrial sector must develop an exhaust response. They need to implement a comprehensive digital strategy & rethink their business and operating models to deliver this such strategy enable continual engagement with customers and suppliers. This paper gives the clear understanding about the different strategic paths of transformation used in industries and how one can use the best path for digital transformation according to the goods of their industry.

Keywords: digital transformation, systematic change transformation method, paths to digital transformation, operating models, customer propositions