Module 1: Introduction to Digital Transformation

Flashcard
•
Business
•
Professional Development
•
Hard
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15 questions
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1.
FLASHCARD QUESTION
Front
What is digital transformation?
Back
The integration of digital technologies to optimize processes and create new business models.
2.
FLASHCARD QUESTION
Front
Why is cultural change necessary in digital transformation?
Back
To adopt agile methodologies, encourage collaboration, and evolve with technology
3.
FLASHCARD QUESTION
Front
Which of the following is NOT a key benefit of digital transformation? Increased operational efficiency, Enhanced decision-making through data, Competitive advantage in a digital economy
Back
Reduced customer engagement
4.
FLASHCARD QUESTION
Front
How do businesses gain a competitive edge through digital transformation?
Back
By increasing efficiency, improving customer experiences, and leveraging data
5.
FLASHCARD QUESTION
Front
What is a key impact of digital transformation on business models?
Back
Enabling platform-based and subscription models
6.
FLASHCARD QUESTION
Front
Which industry has been significantly impacted by digital transformation? Options: Retail, Finance, Healthcare, All of the above
Back
All of the above
7.
FLASHCARD QUESTION
Front
How do digital business models differ from traditional models?
Back
They use data, automation, and AI-driven processes.
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