According to Siddharth Mehta Bay Capital, digitalization helps your business grow

Right now, digitalization is all the rage in India. Everyone is discussing or using digital business techniques in their businesses. According to Siddharth Mehta IL&FS  former director and founder and CIO of Bay Capital and , "Businesses will need to think 'digital' if they are to compete and grow over the next decade.". 


In order to increase revenue and value-added opportunities, a business model must be transformed through digital technologies. The changeover to a digital business model is what it is. It includes both the transition of outmoded business models to new technologies and the capacity of digital technology to gather data, identify trends, and make more informed business decisions. .
 
 The adoption of digitization will increase the productivity and efficiency of your business. Big data, analytics, mobile devices, the cloud, and other emerging technologies may help businesses become more productive and efficient. Additionally, some businesses are using AI and machine learning to automate and streamline data-intensive tasks and business procedures. According to Fortune Corporate Insights, 2020, 80% of business executives plan to use AI technology between 2020 and 2027, which will have a significant impact on the retail industry. Moreover, the digital paradigm is used to increase productivity in 40% of the organizations.

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