What is digital in digital transformation?

Digital transformation is the process of using digital technologies to create new — or modify existing — business processes, culture, and customer experiences to meet changing business and market requirements. This reimagining of business in the digital age is digital transformation.

How Internet has changed the way we communicate?

The Internet has made social media a reality! The social media has made it possible for people to communicate with their families, partners, and friends on a global scale that only used to be on a local level. It has made it possible for one to keep friends alive especially those that are living far away.

What is digital risk management?

Digital risk refers to unwanted—and often unexpected—outcomes stemming from digital transformation and the adoption of related technologies. Cybersecurity risk, third-party risk, business continuity risk, data privacy risk and other forms of digital risk add to the uncertainty of achieving business objectives.

What are the benefits of technology in communication?

On the one hand, technology affects communication by making it easier, quicker, and more efficient. It allows you to track conversations and therefore provide better customer service. Tech also makes it easier to gather customer insights and improve the entire customer experience.

What are digital platform categories?

What is a Digital Platform?

• Social media platforms like Facebook, Twitter, Instagram, and LinkedIn.
• Knowledge platforms like StackOverflow, Quora, and Yahoo! Answers.
• Media sharing platforms like YouTube, Spotify, and Vimeo.
• Service-oriented platforms like Uber, Airbnb, and GrubHub.

What are the main risks associated with investing in digital technology?

Competitive Risk

• Loss of Relevance – Companies that don’t transform may find themselves left behind by those that do.
• Missed Opportunity – The disruption of digital technology can lead to missed opportunities for companies behind the curve.

What trends will be popular in 2021?

Top 10 Fashion Trends from Spring/Summer 2021 Fashion Weeks

• Oversized Shoulderpad Boyfriend Jackets. Create a long line silhouette and play with shapes with an 80s-inspired oversized boyfriend blazer.
• Black Face Masks.
• Head Scarfs.
• Sorbet Pastel Tones.
• Yellow Bags.
• Folk Inspired Coats.
• White Knee High Boots.
• Yellow and Camel Color Styling.

What is the newest technology in 2021?

Top 10 Trending Technologies in 2021

• DevSecOps.
• Intelligent Process Automation(IPA)
• Tactile VR.
• Big Data Analytics.
• Human Augmentation.
• Everything-as-a-Service(XaaS)
• Cybersecurity.
• Artificial Intelligence(AI)

How does technology affect the way we interact with each other?

Abstract. Technology has influenced the world in many positive ways. Unfortunately, research shows that mobile technology is affecting communication in a negative way when it comes to sociability and face-to-face communication. Researchers have found that mobile technology can decrease communication and intimacy.