Digital transformation is all about onboarding the right technology to improve business processes, increase the speed of time to market and elevate customer satisfaction. By 2024, it’s estimated that $2.4 trillion will be spent on business technology innovations, with 70% of European executives reiterating that the pandemic only accelerated their digital transformation expansion plans.
Essentially, Moore’s law kicked into hyperdrive. But is the era of the tech evolution as rosy as it seems for businesses? And what are the challenges along the way for lending providers? What steps should they take to overcome them?
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