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.’
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?
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.
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.
If your business is considering a Digital Transformation (Dx) initiative, these statistics may be of interest you:
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.
Consulting firm Deloitte states that, ‘Companies that have higher digital maturity reported 45% revenue growth compared to 15% for lower maturity companies.’ If your business is considering a Digital Transformation (Dx) initiative, it is with good reason – the transition can improve revenue growth, productivity, competitive positioning and enterprise agility.
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.
