Digital Transformation in finance is now a realistic goal due to the widespread availability of business data; teams' ability to process large sets of data using now-accessible algorithms and analytic methods; and improvements in connectivity tools and platforms, such as sensors and cloud computing.
Digital transformation in finance is a concept which has now become part of a successful business strategy rather than just technology. Digital transformation has made a positive impact on business operations. It has led to opportunities of faster, cost-effective operations, meeting regulatory deadlines, improved employee and customer experience and remaining competitive. Consequently, it has now become a business strategy as opposed to a technology strategy.
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