According to Statista, annual global spending on enterprise software is estimated to be $755 billion USD dollars, with global consumer spending in mobile apps estimated to be $33 billion USD. For a business that develops and sells software products and services, this potential presents an exciting opportunity, but that potential can also be daunting.
If your business is considering a Digital Transformation initiative, it may be mired in questions about the value vs. the cost and time to make this change. While it is true that a Digital Transformation initiative takes some effort, there are numerous long-term benefits to this effort. In this article, we explore four of the benefits of Digital Transformation, in hopes of helping your organization articulate and affirm the advantages to make a decision that is right for your enterprise.
As a business owner, manager or executive, you have probably read and heard a lot about Digital Transformation in industry publications and at conferences. As Gartner says, Digital Transformation is ‘the changes associated with digital technology application and integration into all aspects of human life and society. It is the move from the physical to digital’. If your business has embraced the concept of Digital Transformation and is ready to dive in and make it happen, you may be wondering about the pitfalls others have faced. A wise business manager wants to learn from the mistakes of others and increase their chances of succeeding without missteps.
If your business is trying to decide whether to launch a Digital Transformation initiative, you may be wondering how this effort will affect your team members. Will your team perceive this effort as adding work to their already heavy workload, or resent having to learn new systems and solutions? Will your team benefit from the initiative or will you be challenged to convince them of the benefits the enterprise will reap and why they should care enough about the organization to sacrifice their own productivity or to learn something new?
These days it is hard to pick up an industry journey or business publication without seeing the term ‘Digital Transformation’ (AKA Dx). The basic premise of Digital Transformation is the adoption of digital technology by businesses to transform, streamline and improve services, workflow and business processes. These initiatives involve a systematic review of non-digital or manual processes to replace these inefficiencies with digital processes and might include replacing out-of-date technologies with new, more effective digital technologies.
The world-renowned technology research firm, Gartner, has predicted a strategic focus on Digital Transformation in the coming years and that focus is appropriate. If businesses are to improve productivity and the quality and timeliness of decisions; if business leaders are to ensure a sustained competitive position and retain customers and employees, it is imperative that these businesses focus on improving data literacy and initiate a comprehensive Digital Transformation (Dx) strategy.
This Client is based in the U.S. and is a world-wide leader in shared working office space and workspace solutions. It manages office space in the United States and has a large inventory of office space and manages its portfolio and customers through a huge network of brokers across the country and in 27+ other countries around the world. The Client provides office leasing for business owners with a full suite of services that provide guidance and support to help their clients to secure the perfect office space for their needs.
The India Country Coordinating Mechanism (India-CCM) was established by the Ministry of Health and Family Welfare and other relevant and interested stakeholders. Its purpose was to access Global Fund grant monies, and to ensure those funds were well-coordinated within the national response, as well as to provide national oversight and ownership of grant implementation.
The Gujarat State Forest Development Corporation Limited (GSFDC) in India is affiliated with the National Agriculture Commission (NAC) and works to eliminate the private trade used by forest dwellers in India to derive profit from the collection of Minor Forest Produce and to protect the economic interest of tribal cultures and other constituents.
The most common mistake a business makes when it contemplates creating a software product for the market is choosing a partner that has never created a product for market. Trust me when I say that software application development and software product development are NOT the same thing. While some of the required skills and expertise are the same, there are numerous crucial differences and if a business does not acknowledge and accommodate these differences, its product and project is likely to fail.
