digital transformation
Business technology overhaul
Digital transformation is the process of integrating digital technology into all areas of a business or organization, fundamentally changing how it operates and delivers value.
The term often implies not just adopting new tools but rethinking workflows, culture, and customer interactions: The company's digital transformation moved everything to the cloud.
In practice, it's frequently corporate jargon for any technology upgrade.
Internet-delivered digital infrastructure
- artificial intelligenceMachines mimicking human thought
- machine learningAlgorithms that improve from data
- big dataEnormous datasets analyzed computationally
- data analyticsExamining information for patterns
blockchain · automation · cybersecurity · virtual reality · augmented reality · robotics · quantum computing · mobile apps
Planning organizational transitions systematically
- roadmapDetailed plan forward
- business modelEnterprise profit-generation strategy
- leadershipAbility to direct others
- visionAbility to see
governance · cross-functional · reengineering · organizational change · talent development · KPIs · ROI · scalability
Self-operating system design
- optimizationMaximizing efficiency or performance
- streamliningMaking more aerodynamic or efficient
- productivityOutput relative to input
- workflowSequential task progression
integration · throughput · time-saving · lean · performance · agility · benchmarking · precision
Accumulated coding shortcuts
- replatformingMoving systems between platforms
- paperlessUsing no printed materials
- omnichannelIntegrated across all platforms
- self-serviceCustomer performs the task
Removing middlemen from transactions
- startupNew business enterprise
- unicornMythical one-horned horse
- fintechTech-driven monetary services
- e-commerceInternet-based buying and selling
peer-to-peer · gig economy · marketplace · subscription model · direct-to-consumer · sharing economy · healthtech · edtech
cloud computing
Internet-delivered digital infrastructure
- artificial intelligenceMachines mimicking human thought
- machine learningAlgorithms that improve from data
- big dataEnormous datasets analyzed computationally
data analytics · blockchain · automation · cybersecurity · virtual reality · augmented reality · robotics · quantum computing · mobile apps · connectivity
change management
Planning organizational transitions systematically
- roadmapDetailed plan forward
- business modelEnterprise profit-generation strategy
- leadershipAbility to direct others
vision · governance · cross-functional · reengineering · organizational change · talent development · KPIs · ROI · scalability · agile methodology
automation
Self-operating system design
- optimizationMaximizing efficiency or performance
- streamliningMaking more aerodynamic or efficient
- productivityOutput relative to input
workflow · integration · throughput · time-saving · lean · performance · agility · benchmarking · precision · accuracy
technical debt
Accumulated coding shortcuts
- replatformingMoving systems between platforms
- paperlessUsing no printed materials
- omnichannelIntegrated across all platforms
self-service · contactless · real-time · data-driven · customer-centric
disintermediation
Removing middlemen from transactions
e-commerce · peer-to-peer · gig economy · marketplace · subscription model · direct-to-consumer · sharing economy · healthtech · edtech
- technologyelectronics, computing, computer, internet, social media
- digital societysocial networks, internet, internet culture, online communities, connectivity
- IT servicesIT services, IT consulting, IT support, help desk, tech support
- business buzzwordsbrainstorming, breakthrough, design thinking, scaling, pitching
- Business Consultingfinancial advice, business planning, growth strategy, market analysis, due diligence
- tech methodsagile, debugging, scrum, testing, kanban
digital transformationLuddism
Opposition to new technology
legacy systems · traditional methods · pen and paper · digital detox
transform, digital, transformation, transformed, transforming, transforms, digitize, digitally, digitization