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What is the significance of digital transformation?

The term "digital" is all the rage these days. Digital technologies, digital data, digital media, digital transformation, and digital marketing are buzzwords that everyone is talking about, and for good reason! We are preparing for a new way of life centred on a completely new level of social connection and communication. The primary reason for going digital is to meet the demands of a fast-paced world. This is primarily because people have realized that mobile is the future of everything! Our lives have been completely transformed by the rise of mobile devices, IoT, and AI. There are numerous advantages to living a digital lifestyle, but the point to remember is that any business in virtually any industry must adapt to the digital age in order to survive and thrive. Restaurants are gaining new customers as a result of the use of apps. Hotels are booking more guests thanks to convenient software solutions , and virtually every industry is benefiting from digital strategies.

What is Industry Analysis?

Starting a business that will be successful in the long run is a difficult task. It is critical to make the most of this process in order to achieve the best possible outcome. According to statistics, roughly 20% of all new business ventures fail within the first 24 months. Only 25% of those who remain active life to the age of ten. The fundamental reason for this is that the project is not preceded by thorough industry analysis. This implies that the majority of failed business ventures were doomed from the start. Most people do not conduct extensive research into the industry in which they wish to work. Clearly, this is a major blunder, and business owners must recognize the significance of industry analysis. Opportunities in technology exist in a variety of industries. Every day, we see how technology is transforming our world. From dating to grocery shopping, it's difficult to imagine a facet of life that hasn't been influenced by technology. That is to say, you would be eq