At its essence, digital transformation focuses on decreasing that all -important "time-to-value" metric, which means increased business velocity through efficiency. Depending on the organization, this time-to-value metric will vary. But, the common thread across all industries is the ability to conduct business faster, more accurately, and more securely.

Digital transformation starts with how quickly data can be transformed. Industries such as financial services, healthcare, and life sciences generate data in documents and forms. Digital transformation projects speed up the processing, classification, and routing of such unstructured data.

While many solutions are available from the intelligent document processing (IDP) market, organizations must consider scalability, security, integration with third-party software, and the depth of vendor experience.

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