1.
5 Digital
Transformation That
Will Help Transform
Your Company

2.
In the era where social media is not less
than a drug, innovation and
technology have become an integral part
of every company in this competitive
corporate world. According to a report
from Emarsys,2019, 45% of the total
world population is engaged in social
media, making it a powerful medium.

3.
Thus, innovation and technology go hand in
hand, and these reports highlight the
importance of an innovation strategy for a
company.
But one needs the vision to analyse and
understand the dynamic business
environment. A mindset with a vision is a
gift of an ideal institution. MIT ID Innovation
is an exemplary institution with an ambition
to inspire and develop a visionary mindset
in every student.

4.
This ever-increasing value of social
media calls for an effective innovation
strategy by each company focusing
ideally on digital innovation for business
growth and expansion. So, mentioned
below are 5 Digital Transformation that
will help transform your company -

5.
AI is a magic spell that gives intellectual
access to humans to machines. Artificial
intelligence is already being actively used in
the automation of work, data analytics, and
processing of natural language. Artificial
Intelligence is the future of innovation and
technology that would be used actively in
the business world.
Artificial Intelligence

6.
Internet of things refers to network
connections in order to enhance
communication between various devices
and networks. It is an extremely crucial
component of any innovative strategy as
it provides the companies with business
insights as well as customer experiences
that can help a company grow.
Internet of Things

7.
Blockchain refers to an electronic ledger
that will help in transforming your business.
It is a technology that gives power to
electronic currencies like cryptocurrencies.
It decentralizes the technology and makes
it easier to track transactions. It helps in
removing friction, enhancing trust, and
improving efficiency. The greater trust
leads to increased efficiency by eliminating
duplicated efforts.
Blockchain

8.
Even former Finance and Corporate
Affairs Minister, late Arun Jaitely state in
2018, the Government will focus on the
blockchain technology of recording and
authenticating the transaction without any
intermediaries.

9.
Edge computing is a distributed system that
promotes easy mobile computing. It helps
the company grow as it brings high-
performance computing and artificial
intelligence solutions to the company’s
different areas. Edge computing helps a
company grow by asset management in a
company, monitoring production, driving
maintenance, and enhancing traffic control
measures.
Edge Computing

10.
Digital innovation has given rise to a
machine workforce that is extremely
competitive and intelligent. The efficiency
and value of the human workforce are
declining over time. This workforce will do
things that human beings can’t do, like
discovering patterns and learn things
themselves. This kind of innovation and
technology will completely transform the
whole corporate world.
Connected Industrial Workforce

11.
There can be no denying that a company
must match its pace with the digital
innovation happening around the world to
maintain a high-end reputation in the
market and have the edge over its
competitors. According to data collected by
Accenture, 62% of the companies with high-
growth are planning to invest in
technologies, which will result in increased
rates of innovation.

12.
MIT ID Innovation Programme curates
knowledge and experiences that
challenge the very paradigm of evolution.
And that's why we have set out to define
the future of industries, communities,
cities and ecosystems. MIT ID Innovation
offers the best Online Courses in
innovation.
Conclusion

13.
We’d love to
hear
from you.
MIT INSTITUTE OF DESIGN
Rajbaug,, Loni-Kalbhor, Pune-412201
innovation@mitid.edu.in
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