In recent studies, 49% of the organizations surveyed about Digital Transformation (Dx) initiatives reported that Dx gave the business the ability to better manage business performance through data availability. When it comes to Digital Transformation strategies, the wise enterprise knows to involve its team members in the requirements planning and in planning for execution and transition.
Tag: Digital Transformation
Just Some (of the Many) Reasons to Undertake Digital Transformation (Dx)!
According to an Accenture study, ‘30% of companies are still considered laggards in technology adoption and innovation.’ Hopefully, your organization is not among those laggard companies! Digital Transformation (Dx) is important for many reasons, not the least of which is competitive positioning. If your business is not actively working on improving its digital response, work processes, approval procedures and customer interaction, you are already behind the competition!
What Technologies Should I Include in My Digital Transformation (Dx) Strategy?
Deloitte reports that ‘The implementation of digital technologies can help accelerate progress towards enterprise goals such as financial returns, workforce diversity, and environmental targets by 22%.’
In assessing the enterprise landscape and planning for a Digital Transformation (Dx) transition project, every organization will certainly focus on technology and infrastructure. Technology is, after all, inherent in the very nature of a Dx discussion. Infuture Institute recently published a study that describes the critical factors in a Digital Transformation (Dx), and one of the most provocative insights states that, ‘What we need is…the change of attitude in the approach to digital transformation – from a technological approach to the humanistic approach (human over technology, not technology over human), i.e., focus on the employees within the organization and the needs and expectations of customers and consumers.’
Avoid the Pitfalls of a Failed Digital Transformation (Dx) Initiative!
By its nature, Digital Transformation (Dx) relies on new and reimagined technology approaches and solutions with a goal of modifying and optimizing products, services and business processes. Among the digital strategies in place in businesses, is the addition of tools and technology for artificial intelligence (AI), the Internet of Things (IoT) and cloud computing.
When businesses consider implementing a Digital Transformation (Dx) strategy, many will struggle with the idea of improved customer satisfaction. How can streamlining and automating processes and enabling the use of technology translate into improved customer interaction and build brand and relationship stability?
Why Is Digital Transformation Important to My Business?
According to IDC, ‘89% of enterprises are planning to adopt or have already adopted a digital business strategy.’ There is a very good reason for this impressive adoption rate. Actually, there are many good reasons. As with any other business decision, senior management weighs the value and benefits of a new strategy against the cost and time to make the change.
How Can a Dx Strategy Prepare Your Business for the Unexpected (Like a Pandemic)?
If your business is on the fence about making a move toward Digital Transformation (Dx), you might be interested in a recent study by IDG that surveyed businesses about the results of Dx and its benefits. 52% said that Dx enables worker productivity through tools such as AI-assisted processes, 49% said that that Dx gave the business the ability to better manage business performance through data availability and 46% said that Dx helped the business to better meet customer experience expectations.
Trying to Decide if Digital Transformation is Important? Here’s Some Facts and Figures!
If your business is considering a Digital Transformation (Dx) initiative, these statistics may be of interest you:
Digital Transformation Requires Planning, But You Can Start Small!
International Data Corporation (IDC) says, ‘89% of enterprises are planning to adopt or have already adopted a digital business strategy.’ The concept of Digital Transformation involves the adoption of digital technology to improve efficiency, value or innovation.