The Vitality of Digital Transformation

Why do businesses invest in digital transformation?

Traditional industries can combine all aspects of production, management, and sales with cloud computing, the Internet, and big data to facilitate the digital transformation of their R&D and design, manufacturing, operations management, sales, and other services. Digital transformation demonstrates that success is only possible best antminer when a company undergoes a dramatic, radical (or significant and real) redefinition of its business - not just IT, but a radical change in all aspects of organizational activities, steps, operating models, and employee capabilities.

The three components of business transformation and improvement

1. Science and technology

Most companies do not invest enough in technology research and development, their innovation ability is weak, their core product technology is primarily introduced and imitated, commodity homogeneity competition is severe, there is no obvious technology gradient, resulting in price becoming the primary competitive strategy, which has a direct impact on industry profitability. Second, the industry's technical innovation resources have not been effectively integrated, particularly the lack of linkage between various aspects of commodity research and development, resulting in a lack of vitality in goods transformation and development.

2Talent Domestic companies frequently lack high-quality technical and management talents, and even some large enterprises lack technical bitmain shop innovation product development talents, and follow-up talent development is slow. The company does not invest enough in employee training, and the talent cultivation mechanism is outdated, resulting in slow improvement of enterprise talent quality and a scarcity of professional talent resources, which directly becomes a key bottleneck impeding transformation and development.

3Assets Under China's current credit control premise, state-owned banks lend to large projects and enterprises, making it difficult for SMEs to raise funds. Nowadays, enterprises' transformation and upgrading assets are primarily funded by their own funds, and policy fund support is extremely limited, creating an urgent need for enterprise funds and impeding the progress of enterprise transformation and upgrading.

Currently, from digital capacity building toantminer price talent training, digital transformation success cannot be achieved overnight. Digital transformation is a long-term, difficult task, and most businesses require 3-5 years or more to see visible results.

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