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The term digital transformation has become so ubiquitous that it can mean almost any change from a manual process to an electronic one. But why do we have to think of change in terms of digital transformation? Few would argue that replacing an inefficient manual task with automation is a transformation. However, I think of change in terms of innovation, in terms of altering how we do something or the way we behave in terms of disrupting an ecosystem. Innovation isn t just automating processes that already exist, but rather applying technology to solve a problem in a different way.
In my view, one of the best ways organizations can approach a given problem space is by leveraging the myriad of data they collect every day. Data analytics comes to mind, of course crunching a sea of data to find correlations and insights we can use to make a process better. How then do we decide what to do with those insights? You develop and train machine learning (ML) models to make more accur