Key drivers of Business Transformation

1. Market dynamics?

There are several factors which determine the market landscape in terms of consumer behaviour, supply and demand , emerging competition , availability of resources , agility to action and be ahead?

2. Technological developments?

the new norms in technological advancements are AI , IOT , Robotics , cloud computing and big data . These advancements enable huge data mining , run complex algorithms to process and interpret data? , accuracy , speed and helps build scale and erases geographical distances?

3. Economical factors-

Investment opportunities based on expansions or contractions depending on the strategies adopted during a business boom or downturn? . Exchange rate fluctuations, availability of right priced resources ,inflation

4. Consumer Behaviour?

As human being evolve and so the science and technology?, people exhibit new behavioural?patterns related to price, speed of availing things , additional disposable incomes , new experiences based on friends and peers ,experiential desires

5. Regulatory changes

Basis new laws and policies , compliance requirements , countries joining hands with new allies and bring in new trading practices , new bans and opportunities?

6. Internal changes

Employee behaviour, cultural change , customers throwing in new challenges , technological advancements bringing in new demands and practices , performance growth or decline .

7. Process requirements -

As technological?advancements?take place and so the regulatory practices and the consumer?behaviour and the market dynamics it is very essential to adopt the right processes to cater to all these requirements and this calls for right ERP, training people on the processes and adopting processes which enable quick decision making and faster outputs .? ? ??

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