Keep Up With Emerging Market Demand With Digital Transformation Consulting
The digital world is still a people-centric world where businesses must focus on technology and people with equal importance. Digital transformation is important for surviving or thriving in the changing business environment. With digital transformation several minor and major changes take place in the business process that needs immediate attention. Experienced digital transformation services ease the process of switching from traditional mode to digital mode of business operation without hindering the day-to-day activities.
Digital transformation is the new business process responsibility
Approximately US$1.3 trillion was invested in digital transformation in 2018. In the coming days, it is expected that there would be a splurge of investments in this field. Considering the trend and changing consumer behavior, survival will be at stake if the businesses are not considering this essential transformation.
In simple terms, digital transformation is the incorporation of digital technology in all areas of business activity including consumer interaction and back-office operation. Digital transformation brings an abrupt change in all major departments like manufacturing, finance, human resource, supply chain, and marketing. Consequently, a cultural change is also marked that necessitates understanding the utility of technology, changing communication processes, and remote work processes.
Digital Transformation is imperative
A business may need digital transformation for several reasons. By far, the most obvious reason is survival in stiff competition. According to the International Data Corporation (IDC) forecast, the spending on digital transformation will grow by 10.3% in 2021-22 despite the slower growth of businesses due to pandemics. The same growth in 2019-20 was 17.9%.
Apart from survival, digital transformation is now the only proven way to expand business across regional or national boundaries with limited resources. It has helped small businesses to compete with the giants of their respective industries. Moreover, digital transformation lowers operation costs, reduces manpower requirements, automatically streamlines the business processes, and helps users perform their jobs from anywhere.
Digital transformation framework
Digital transformation varies from organization to organization depending on the organization-specific business environment, challenges, and demands. However, some aspects of it are common irrespective of the environment such as digital technology integration, customer experience, operational agility, workforce empowerment, communication processes, and data processing. Digital transformation is the application of digital technologies to processes to enhance business capability and revenues.
Overall the digital transformation needs meticulous designing of organizational processes from diverse aspects. The job is better understood and implemented with the help of digital transformation solutions. This transformation is internal as well as external. So, there is a need for impeccable integration of the organizational business processes with the external sources and solutions. This is a huge responsibility. Without expert intervention, it is not possible to implement it strategically.
Benefits of digital transformation
Apart from creating infrastructure for survival, digital transformation creates new opportunities for your business –
- It reduces the operational cost, communication cost, and transaction cost to a great extent.
- It facilitates remote communication and remote working that further reduces the operational cost and saves work hours.
- It enhances organizational performance by improving operational efficiency and the right manpower deployment.
- It systematizes supply chain management through the real-time integration of different departments related to it.
- It brings a competitive advantage for the business by improving organizational performance and enhancing the quality of products or services.
- It improves customer experience to a great extent by buying process.
- It strengthens inter-departmental relationships.
- It empowers the decision-making process by expanding data analysis and data management processes.
Key areas digital transformation services
Professional digital transformation service providers like NEURONIMBUS offers comprehensive digital transformation services that include the following –
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