Accelerate your RISE with SAP Business Transformations using KTern.AI

Business transformation is divided into four categories:

• business process,
• business model,
• domain, and
• cultural/organizational.

Businesses nowadays are focusing a lot on business processes. Data, analytics, APIs, machine learning, and other new technologies provide businesses with useful new opportunities to reinvent processes. Process transformation may add tremendous value, and technology adoption in many areas is quickly becoming a must.

Businesses are in persuasion of digital technologies in order to change traditional business paradigms. Business process transformation focusses on a business, whereas, business model transformations focus on the fundamental building blocks of a business answering the question of how value is delivered in a company. Corporations that achieve business model transformation open up huge new prospects for growth in the market.

Domain transformation covers the portion where a business can entirely change its business goals with respect to its focus in the market. Technological advances are redefining products and services. Many executives are unaware of the very real potential for these new technologies to open up entirely new markets for their firms and it is frequently this type of transformation that provides the most opportunity to generate new value.

A very long and unending digital transformation requires the employees to work together with the right mindset to cope up with the digital world. Certified B2B enterprises recognize that digital requires agile workflows, more interests in testing and learning, decentralized decision-making, and a greater reliance on business ecosystems.