Give examples of Real-Life Digital Transformation by Industry. software development services?
Banking / Financial Services: Consider the example of a traditional bank that becomes online-only or online-focused. They can reduce customer costs by offering self-service banking, mortgage applications, and self-directed investment options. The financial advisors will be freed up to meet and advise clients rather than filling out paperwork, processing requests, & other tasks that can be automated. Insurance: Often, insurance companies use older, manual processes for filing, assessing, & approving claims. These organizations can offer better customer service and streamline their processes by leveraging modern technology. Customers can submit claims via mobile apps, automatically approve, and integrate with other systems through self-service portals for support and tracking claims. In other words, analyzing manual touch points in the current business workflows and finding ways to automate or digitize them to reduce work and expedite claims processing. Manufacturing: With the implementation of digital transformation in manufacturing, IoT sensors and devices can track manufacturing in real time, manual processes such as inventory control & replenishment can be automated, and data analytics can identify inefficiencies in the supply chain and improve them. Agribusiness: To enhance their output and improve processes, agriculture businesses use all kinds of new digital tools. Precision agriculture technology can revolutionize the way crops are monitored. IoT & sensors in fields, drones, and advanced robotics can improve productivity and reduce spraying time. Non-Profit: With digital technology, members can be easily renewed, fundraising campaigns can be launched more intuitively, donors can be notified when their funds are used, and many other benefits can be realized. Non-profit organizations with tight operating budgets can provide a huge ongoing benefit. As these examples illustrate, digital technologies can have a wide range of effects on different types of businesses when they work together. While digital tools will not be available to every organization the same way, there are common benefits that digital transformation agencies can unlock by revamping processes and adding value to their customers and employees using digital technology.