as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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explain the term "digital transformation"
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digital transformation is the process of using technology to revolutionize the way businesses operate and deliver value to their customers. it typically involves the use of digital tools such as artificial intelligence (ai), big data, and cloud computing to transform existing processes and create new strategies for growth. digital transformation is essential for any organization to remain competitive, maintain a high level of customer satisfaction, and drive innovation.
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