6. Is digital transformation a continuous process or a transient result? Through industry exchanges and interviews with some outstanding leaders, the author firmly believes that digital transformation is actually a process of continuous change and innovation. It requires securities firms to continuously use digital technology to improve and optimize their business models, processes, products and services. At the same time, digitalization is also a vision, mission and goal. Securities firms need to improve business development efficiency, reduce operating costs, and enhance industry competitiveness through digital transformation to continuously meet customer needs and improve customer experience.
Digital transformation is the process by which brokerage kuwait phone number firms use digital technology to continuously improve and optimize license operations, business processes, management models, and customer experience. It involves a package of transformation and change actions, including reviewing existing business models (especially brokerage business or wealth management business, which has been transformed), introducing technological innovation, and adjusting organizational structure and corporate culture. During this period, continuous learning, trial and error, correction, and adaptation are required to cope with market changes, customer changes, demand changes, and competition changes. The ultimate goal of digital transformation is to achieve continuous optimization, competitiveness enhancement, and innovative development of brokerage license business.
When we effectively use digital technology to improve business processes, increase production efficiency, reduce operating costs, optimize customer experience, and innovate business models, we can, to a certain extent, consider that digital transformation has been successfully implemented. In this sense, we can also think that digital transformation is a result that manifests itself as the competitive advantage and market position of securities companies in the digital age. Therefore, the author believes that digital transformation is both a process and a continuous evolution in results. VII. How to achieve true digital transformation Digital transformation is not about installing several systems or developing several platforms.