Digital Transformation Processes Are Not Just About Digitization
Experts state that in the age of artificial intelligence, technology can be purchased, but sustainable competitive advantage is provided by human resources.
With traditional drivers narrowing the scope for growth, science, technology, innovation, and digital transformation have become the cornerstone of increasing efficiency. Evaluations emphasized that digital transformation means changing management and business models.
New Cornerstones for Growth
In the context of the narrowing growth space resulting from traditional drivers, science and technology, innovation, and digital transformation have been identified as the fundamental pillars for increasing productivity.
Resolution No. 57-NQ serves as an important guiding principle for the Vietnamese economy to overcome its current bottlenecks.
Transformation of Management and Business Models
Nguyen Quang Huy, Head of the Finance and Banking Department at Nguyen Trai University, stated that digital transformation is not limited to simply digitizing processes.
It was pointed out that the transformation process is about fundamentally changing management models, business models, and value creation methods.
The Balance Between Technology and Human Resources
Finance expert Nguyen Quang Huy conveyed that in the age of artificial intelligence, technology can be easily acquired, but that is the real issue.
It was emphasized that the element creating a sustainable competitive advantage is qualified individuals who know how to master this technology.
Core Technologies and Investments
It was underlined that businesses must first renew their mindsets rather than just investing in technology.
Gradual specialization is targeted in areas such as artificial intelligence, semiconductors, data, cybersecurity, robotics, and automation.