The Internet of Things (IoT), for example, provides actionable insights that companies could never obtain in the past.īy investing in modern technology, such as ERP systems with AI and IoT capabilities, companies can use real-time data to make accurate predictions, while relying on AI to automate the appropriate next steps.ĭeveloping a digital transformation strategy not only helps companies identify the best technology for their organization, but it helps them build organizational capabilities that enable them to take advantage of these new digital tools. The data insight capabilities of today’s technology are continually expanding. The right business decisions can lead them further away from their tumultuous past. Companies need data insights to make business decisions about their supply chain, their customer service, etc.
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