Digital innovation refers to the application of digital technology to existing business problems. Ideas such as digital transformation and digitization are closely related to the concept of digital innovation. In today’s evolving marketplace, many businesses recognize that they need to transform, innovate, and adopt new technology in order to stay competitive. Businesses that are digital innovators consider new ways to solve old problems. Digital transformation is the process of switching to that new approach.
Because the global marketplace is becoming more digital, businesses must also evolve in order to stay competitive. Companies that innovate and transform see a number of benefits, such as:
A turnkey solution is a type of system built end-to-end for a customer that can be easily implemented into a current business process. It is immediately ready to use upon implementation and is designed to fulfill a certain process such as manufacturing (in part or whole), billing, website design, training, or content management.