An Overview of Digital Transformation of Business in Present Scenario

Abstract: The aim of the research is to identify the clear definition of digital transformation and to present a structured framework with digital transformational stages, activities and results. This research contains a literature review which is giving insight into the fundamental comprehension of digital transformation. Findings indicate that even though digital transformation is a well-known idea a method for the organized digital transformation of business models is missing. The research gives an explicit meaning of digital transformation of business models and phases for the digital transformation of business models. In addition, the paper offers the roadmap for digital transformation. Leading the way in the latest trends in digital transformation has become vital for companies seeking a competitive edge. Although organizations have long understood the value of digital transformation market trends, other priorities sometimes precede them. On the other hand, prioritizing digital transformation trends has emerged as one of the most critical business enablers for success in a world of rising competition.