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digital transformationThe application of computer technologies to everyday life. Digital transformation began in the 1960s; however, after the Web exploded decades later and so many processes were moved to Internet-based datacenters, digital transformation has affected everyone. It also altered the way people think about and do business, as the virtual nature of computing services sometimes conflicts with traditional approaches. See New Economy, creative destruction and technology gap.
COVID-19 Digital Transformation
With half the population staying at home, the 2020 Coronavirus pandemic has dramatically fueled digital transformation. Video meetings soared and replaced going to the office and the classroom. Doctors' visits became virtual unless there was a serious illness.
For those employees who are working at home and enjoy the experience, it is quite a bonus to not spend hours a week driving or taking a bus, train or subway to an office.
If companies with a huge number of employees working at home found that their final product was just as good as or almost as good as before, the decision to reduce physical office facilities and save on rent would also seem to be a huge advantage. Time will tell, but 2020 may become the single biggest year for digital transformation since the advent of the Internet. The lasting effects of this sea change are expected to exist for a long time.
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