Traditional business systems, which once offered reliability, now seem limited in scope compared to the endless possibilities digital transformation provides.
In this evolving landscape, companies are envisioning a future where they can transcend conventional structures, leveraging trusted, transparent, and boundless digital ecosystems that enable them to thrive, build trust, and foster stronger connections with customers and partners.
LIMITATIONS OF TRADITIONAL BUSINESS SYSTEMS
Traditional business systems, deeply rooted in legacy technology and rigid frameworks, are now barriers to growth. These systems often rely on physical infrastructure and outdated technologies, making them inflexible and vulnerable to modern demands. This rigidity can create security risks, inefficiencies, and data silos that stifle collaboration and innovation. With the rise of digital business ecosystems, traditional systems struggle to keep pace, creating bottlenecks that hinder scalability and resilience.
Furthermore, trust is a key challenge. As digital interactions grow, businesses face higher expectations around security, transparency, and reliability. Customers, partners, and stakeholders expect digital transactions to be secure—a challenge for legacy systems that were not designed with today's cybersecurity threats in mind.
This story is from the November 21, 2024 edition of The Daily Guardian.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the November 21, 2024 edition of The Daily Guardian.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Jairam Ramesh backs Stalin
Writes to party heads, proposes Joint Action Committee meet in Chennai on March 22
PM's dig at Cong: Those with zero seats can't count zeros in Rs 32 lakh cr MUDRA loans
Prime Minister Narendra Modi on Friday took a swipe at the Congress, saying those who have zero seats may not be able to count the zeros in Rs 32 lakh crore loans disbursed by the Centre under the Pradhan Mantri MUDRA Yojana targeted at micro enterprises.
'Highway' back in theatres! Alia Bhatt's 2014 film re-releases
Fans of Alia Bhatt have a reason to celebrate, as her 2014 film 'Highway' has returned to theatres to celebrate Women's Day.
India Urges Bangladesh Interim Govt to Protect Hindus
India on Friday expressed concern over the deteriorating law and order situation in Bangladesh, particularly with regard to the safety of minorities.
Israeli Forces Dismantle Weapons Depot, Explosives Laboratories in Tulkarem
Troops found approximately 100 pipe bombs, eight larger bombs, and an explosives activation system; several buildings also demolished
HC Grants Permanent Injunction in Favor of Rishikesh-Based Chotiwala Restaurant Over Trademark Infringement, Awards Rs 3 Lakh Damages
The Delhi High Court in the case Chotiwala Food And Hotels Private Limited vs. Chotiwala & Ors. observed and has granted a permanent injunction in favor of Rishikesh-based restaurant Chotiwala Food And Hotels Private Limited, wherein the court restrained three Delhi-based restaurants from using Chotiwala's name, trademark and artistic work.
Retail inflation may ease to 4.1% in Feb: Report
India's consumer price inflation (CPI) is expected to decline to 4.1 per cent for February 2025, according to a report by the Bank of Baroda (BoB).
4% quota for Muslims in public works in K'taka
Chief Minister Siddaramaiah while presenting Karnataka government's Budget on Friday confirmed that 4 per cent of public works contracts will now be reserved for Muslims under a category called Category-II B Reservation will be provided in the procurement of goods and services under various government departments, corporations, and institutions for suppliers belonging to SC, ST, Category-I, Category-II A, and Category-II B, up to Rs 1 crore, in which Category-II B refers to Muslims.
Accelerating action: Moving forward together
Every year on International Women's Day, brands offer discounts on clothing, spas, and makeup, commercialising a day meant to honour women's achievements.
Telangana CM Demands All-Party Meet Over Delimitation
Telangana Minister Ponnam Prabhakar said on Friday that they will hold an all-party meeting to protest against the injustice caused by the delimitation.
