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Technology has drastically changed the way we live, from drones being used in emergency response to augmented reality being used for online shopping. Digital transformation has become a critical priority for every company, as effective initiatives can increase market capitalization by $1.25 trillion. Technologies such as artificial intelligence, extended reality, and more are helping companies across all industries streamline and optimize business models, improve processes, enter new markets, and reshape how their employees work. This has led to major shifts in customer experiences and habits, and businesses have had to adjust their business models to survive.
