Digital Transformation is reshaping the economy, that is, the way in which economic actors fundamentally relate to each other, the formation of new business models & business processes, culture shifts, and a re-evaluation of the very fundamentals of the enterprise. Digital transformation has become imperative for all businesses: digital disruptions are omnipresent.
Enterprises need to deliver business applications at the speed of ideas. That’s the way to stay ahead in competition and innovate in today’s world. With speed-to-market at the forefront of digital disruption, many businesses are looking to build new applications that transform operations to meet customer demands.
Enterprises moving at the speed of innovation can’t wait around for lengthy application development if they expect to exceed their customers’ expectations. Speed has become one of the most critical components for launching new disruptive products and changing the way businesses engage and respond to customers across channels. Optimizing operational costs and enhancing customer experience is the core of digital transformation.
Companies are stuck in this paradox: they have to develop, create and implement business applications at great speed, but with dwindling IT resources and budget. Operating at the speed of digital transformation is a major hurdle that traditional application development processes cannot support.