Organizations observe and consider more dynamics to understand the nature of the business's disruption and adopt the Digital Transformations. Organizations are faced with evaluating the dynamics that play significant roles in digital transformations. Digital Transformation is adopting digital technology to transform services or businesses by replacing traditional processes with digital technology. Below are the sectors majorly concern about the digital transformations:
- Hospital management.
- E-Commerce.
- Banking (FinTech).
- Health Care.
- Supply Chain.
- Government.
Tech companies, especially FinTech (Financial technology), play a critical role in the IT industry's digital transformation. The digitalization and reengineering of front-, middle- and back-office processes and IT institutions make them more efficient and effective. In 2019, Accenture reported that only 19 of 161 leading financial institutions were committed to digital transformation.