to close , the on-demand economy has further reinforced its importance as part of digital transformation . With the likes of Uber Eats and Just Eat , digital delivery apps are providing revenue for those who had to close their brick and mortar stores .
“ If it works for restaurants , we may see new aggressive adoption of driveup or on-demand local delivery of essential goods as a result . Some businesses might even find this model provides lower costs , helps manage inventory , and makes revenue more predictable ,” believes Filev . However ,
“ communities and surrounding businesses may need to compensate for a decrease in foot traffic in certain anchor locations , and it could also mean the painful loss of jobs in the retail and service sector .”
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FIVE DIGITAL TRANSFORMATION FACTS
• 70 % of companies have a digital transformation strategy in place or working on one
• Top industries for digital-first business strategies include : services ( 95 %), financial services ( 93 %) and healthcare ( 92 %)
• Top benefits of digital transformation include : improved operational efficiency ( 40 %), faster time to market ( 36 %) and the ability to meet customer expectations ( 35 %)
• 27 % of organisations believe digital transformation is a matter of survival
• 55 % of organisations without a digital transformation strategy believe they have less than a year before they begin to lose market share
Source : Forbes
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