Your Business Can Enjoy the Proven Benefits of Digital Transformation
There Are Many Reasons to Implement Digital Transformation
Recent research reveals that digital business initiatives benefit businesses in numerous ways. No matter your market, industry or business size, digital transformation (Dx) is important to results, competitive positioning and productivity.
‘According to a study performed by PTC, 70% of organizations already had a digital transformation strategy and were actively engaged in implementation.’
In this article, we consider three of the benefits revealed in these research studies and outline how a Digital Transformation initiative can improve your business.
Organizations responding to the research survey reported the following benefits:
Enable worker productivity through tools such as AI-assisted processes (52%)
When an organization assesses and improves its technology infrastructure, its integration of software and its automated workflow, it can make strides in productivity, information sharing, collaboration and quality output. By limiting or eliminating manual workflow and process steps, the business can ensure that all team members have the information they need, and that automated alerts, artificial intelligence, analytics and other components come together to keep the team on track, to complete approval loops, to predict and address business needs for training, new products, additional resources, locations etc.
Ability to better manage business performance through data availability (49%)
Access to information is crucial to all team members. Not only does the business need to review its support for mobile access to tools and software, but also its management of data through cloud storage. Whether it’s a sales manager, traveling to another location, with a need to check sales results or the availability of a product to meet client needs, or a project manager trying to assess the availability of resources for a new project, and check on approvals on existing projects, every team member needs information. Business performance stalls when information is inaccessible and team members cannot take action, or when information is delayed or incomplete.
Meet customer experience expectations (46%)
Ultimately, every business must meet customer expectations if they are to succeed and grow. The inner workings of data and information exchange within an organization are not top of mind to a customer or client but they do affect the business. Creating a technology environment where information is integrated and readily available, eliminating data silos and manual tasks and actions that exist outside the system and software environment means that the business can better monitor, manage and improve its processes and activities to support and optimize positive outcomes.
When pitching and planning for a Digital Transformation initiative, it is important to set appropriate expectations. A business cannot expect to adopt a digital transformation (Dx) strategy and immediately achieve all the goals it has set. It takes time to change the culture, invest in and implement the technology strategy and ensure that all team members are trained and have adopted the new techniques. But it IS important to note that, according to a study performed by PTC, 70% of organizations already had a digital transformation strategy and were actively engaged in implementation. So, if your competitors have recognized the need and are working on a Dx initiative, the longer your business waits to begin the journey, the farther behind your organization will fall.
‘No matter your market, industry or business size, digital transformation (Dx) is important to results, competitive positioning and productivity’‘
To get started on your Digital Transformation initiative, find the right IT consulting partner and engage Digital Transformation services that will set you on the road to success.