<s>
Digital	B-General_Concept
transformation	I-General_Concept
is	O
the	O
adoption	O
of	O
digital	B-General_Concept
technology	I-General_Concept
by	O
an	O
organization	O
to	O
digitize	O
non-digital	O
products	O
,	O
services	O
or	O
operations	O
.	O
</s>
<s>
Digital	B-General_Concept
transformation	I-General_Concept
,	O
however	O
,	O
is	O
broader	O
than	O
just	O
the	O
digitization	O
of	O
existing	O
processes	O
.	O
</s>
<s>
Digital	B-General_Concept
transformation	I-General_Concept
entails	O
considering	O
how	O
products	O
,	O
processes	O
and	O
organizations	O
can	O
be	O
changed	O
through	O
the	O
use	O
of	O
new	O
,	O
digital	O
technologies	O
.	O
</s>
<s>
A	O
2019	O
review	O
proposes	O
a	O
definition	O
of	O
digital	B-General_Concept
transformation	I-General_Concept
as	O
"	O
a	O
process	O
that	O
aims	O
to	O
improve	O
an	O
entity	O
by	O
triggering	O
significant	O
changes	O
to	O
its	O
properties	O
through	O
combinations	O
of	O
information	O
,	O
computing	O
,	O
communication	O
,	O
and	O
connectivity	O
technologies.	O
"	O
</s>
<s>
Digital	B-General_Concept
transformation	I-General_Concept
can	O
be	O
seen	O
as	O
a	O
socio-technical	O
programme	O
.	O
</s>
<s>
Adopting	O
digital	B-General_Concept
technology	I-General_Concept
can	O
bring	O
benefits	O
to	O
a	O
business	O
,	O
however	O
,	O
some	O
company	O
cultures	O
can	O
struggle	O
with	O
the	O
changes	O
required	O
by	O
digital	B-General_Concept
transformation	I-General_Concept
.	O
</s>
<s>
A	O
2015	O
report	O
stated	O
that	O
maturing	O
digital	O
companies	O
were	O
using	O
cloud	B-Architecture
hosting	I-Architecture
,	O
social	O
media	O
,	O
mobile	O
devices	O
and	O
data	O
analytics	O
,	O
while	O
other	O
companies	O
were	O
using	O
individual	O
technologies	O
for	O
specific	O
problems	O
.	O
</s>
<s>
As	O
of	O
2020	O
,	O
37%	O
of	O
European	O
companies	O
and	O
27%	O
of	O
American	O
companies	O
had	O
not	O
embraced	O
digital	B-General_Concept
technology	I-General_Concept
.	O
</s>
<s>
In	O
a	O
2021	O
survey	O
,	O
55%	O
of	O
European	O
companies	O
stated	O
the	O
COVID-19	O
pandemic	O
has	O
increased	O
the	O
demand	O
for	O
digital	B-General_Concept
technology	I-General_Concept
,	O
and	O
46%	O
of	O
companies	O
reported	O
that	O
they	O
have	O
grown	O
more	O
digital	O
.	O
</s>
<s>
Half	O
of	O
these	O
companies	O
anticipate	O
an	O
increase	O
in	O
the	O
usage	O
of	O
digital	O
technologies	O
in	O
the	O
future	O
,	O
with	O
a	O
greater	O
proportion	O
being	O
companies	O
that	O
have	O
previously	O
used	O
digital	B-General_Concept
technology	I-General_Concept
.	O
</s>
<s>
In	O
a	O
survey	O
conducted	O
in	O
2021	O
,	O
89%	O
of	O
African	O
banks	O
polled	O
claimed	O
that	O
the	O
COVID-19	O
pandemic	O
has	O
hastened	O
the	O
digital	B-General_Concept
transformation	I-General_Concept
of	O
their	O
internal	O
operations	O
.	O
</s>
<s>
Digital	B-General_Concept
transformation	I-General_Concept
gives	O
enterprises	O
new	O
vitality	O
.	O
</s>
<s>
Now	O
,	O
economic	O
consequences	O
are	O
a	O
major	O
concern	O
for	O
digital	B-General_Concept
transformation	I-General_Concept
.	O
</s>
<s>
71%	O
of	O
companies	O
in	O
the	O
US	O
reported	O
using	O
at	O
least	O
one	O
advanced	O
digital	B-General_Concept
technology	I-General_Concept
,	O
similar	O
to	O
the	O
average	O
usage	O
of	O
69%	O
across	O
EU	O
organizations	O
.	O
</s>
<s>
However	O
,	O
since	O
there	O
are	O
no	O
comprehensive	O
data	O
sets	O
on	O
the	O
digital	B-General_Concept
transformation	I-General_Concept
at	O
the	O
macro	O
level	O
,	O
the	O
overall	O
effect	O
of	O
digital	B-General_Concept
transformation	I-General_Concept
is	O
still	O
too	O
early	O
to	O
comment	O
.	O
</s>
