Digital Business Transformation – 4 Reasons to Accelerate

Digital transformation is a wave that gradually takes over certainties and traditions in terms of economic models, working conditions or management methods. Intensive computing, cloud computing and cyber security are just a few of the current trends. These will spark new conversations with customers looking to stay on top and update their business strategies.

The challenge for all companies is simple: adapt or disappear. For most companies, the question is not whether new business models must be adopted alongside existing activities, but how to survive in the transition.

Digital transformation affects all companies, whether they are SMEs or big companies. The process is underway, but the road is still long before this necessary change is part of the reality of everyday management. Following is a list of four reasons why your company should accelerate digital business transformation.

Stay Competitive

How much digital transformation is needed should be driven by the change in consumption patterns which are the processes a company identify, purchase and consume products and services to fit all their needs, but also by the growing demands of their partners, customers and Suppliers. For example,  to shorter deadlines, administrative circuits and physical flows, dematerialization of transactions and traceability, sharing of references within sectors, etc. The evolution of management practices inevitably leads them to modernize their information systems.

Technological, organizational and human projects are at the heart of their reflection, especially since in the current context. These factors must not be left behind by competition in this field. This is crucial for their future.

Speaking of software tools, the revolution also comes from within. Companies have to meet new demands of employees who expect to find the same reflexes in their professional life as in their personal lives, especially those related to the web and the use of mobile equipment.

Gain in Performance

Integrating digital transformation involves introspection of internal processes, but also the optimization of relationships with peers within the ecosystem. Virtualization of exchanges, collaborative processes, mobility, etc. The implementation of new processes and new software technologies is an opportunity to streamline, streamline, optimize the organization and thus increase productivity. This can be achieved through the integration, at the very heart of management processes, of non-traditional channels such as social networks such as recruitment or customer relations.

Leveraging new technologies

We live it through our customers: all companies, whatever their size, are well in the dynamic to absorb the evolutions necessary for the digital transition. Given immediate constraints, the challenge for them is to identify new levers for development. To this end, and in spite of limited means, small and medium-sized companies display agility and creativity to adapt as usual in an environment in perpetual movement.

Faced with this rapid change, management solutions are at the forefront. The anticipation of these trends is inescapable to integrate the impacts, given the production cycles of the software industry. The digital sector must be in the forefront of R & D choices, at the level of the technological platforms constituting the application platforms of the solutions. These must be natively mobile, decision-making, and cloud-oriented. They must allow dematerialization and connectivity between systems.

Another transformation will be the tool design – tools which are ease of navigating, querying, retrieving information or processing unstructured information as well as structured information – are also at the forefront.

Beyond the solution, the experience of integrators, consulting professionals and also internal support structures are the keys to identifying how trades can benefit from digital, linking them in some way between solutions and the reality the day-to-day management of the company.

Gain in attractiveness

Digital transformation is an asset for corporate image, both external and internal. It allows it to be more efficient and better organized and thus to find in the modernity of its tools the means to distinguish itself from the competition.

Cloud, mobility, digital, dematerialization are all technologies for digital transformation. Companies must seize opportunities to adapt to the evolving uses and business needs of their partners and employees, as well as the expectations of their clients. Vector of performance and attractiveness of the company, these new technologies are the future management solutions.

Resource:

• http://www.mckinsey.com/business-functions/digital-mckinsey/our-insights/accelerating-the-digitization-of-business-processes
• https://www.i-scoop.eu/digital-transformation/