The term digital transformation has more implications than computers or software applications. It is also about the mentality. For example, traditional banking involves the human recording of data as well as the storage and maintenance of massive inputs in various paper files. Such data may be stored in computers or official systems these days, but that is just one part or the beginning of digital transformation.

Technology is evolving at a faster pace than the public's adaptation to the same. There hence are several facets of technology which haven't been largely explored yet. Good examples of this are Augmented Reality and Virtual Reality. Their implementation is currently limited to federal government agencies such as defense, space exploration and scientific research.

Cloud computing is the on-demand availability of computer system resources.  These would specifically include data storage and computing power, without direct active management by the user. That is, all resources will not require any physical spaces, physical servers, on-site networks, software licenses, and other tech-related expenses. Expenses are lowered as it will no longer be necessary to maintain a full IT support crew.  A business along with its subsidiaries and regional offices can be run from anywhere, with an internet connection being the core requirement.