Increasingly, business leaders are looking to automate their processes to the greatest extent possible. Doing so can eliminate the time and costs associated with repetitive manual work while improving customer satisfaction.
Is this move right for your organization? Today, we’re sharing the top five reasons for digital transformation and why it might be time to consider it for your organization.
5 Reasons for Digital Transformation
1. Meet On-Demand Expectations
As tech gets smarter, customers become more discerning. They expect the brands and businesses they frequent to provide the same level of speed and accuracy they can get from their handheld devices.
In fact, research shows that 44% of consumers want more digital experiences from brands, and 45% expect companies to improve their digital products and services.
If you use digital transformation to build more agile networks and advanced IT services, you’ll be in a better position to implement solutions that satisfy your external and internal stakeholders.
Just keep in mind operability and security. Not only should end-users and customers be able to easily use the tools, but the IT development process should also be seamless.
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2. Simplify Data Collection and Management
According to one report, 85% of organizations plan to embrace a cloud-first strategy by 2025.
Even now, businesses are amassing more data than ever before. The only problem? Mining through the tomes of information is humanly impossible for most organizations. You need the ability to quickly discern which data to toss and which you can optimize for advanced analysis.
One of the benefits of digital transformation is that it simplifies this step. With the right business intelligence tools, you can uncover patterns and insights that help you make smarter decisions and more accurate forecasts.
You can also set security controls to ensure that sensitive or confidential data stored in your system is only available to authorized users.
3. Improve Employee Efficiency
With the right technology at their fingertips, team members can become more engaged and productive at work.
From HR and accounting to the warehouse, there are many departments that still rely heavily on manual input. By implementing digital technology, you can help relieve this burden and free employees to focus on more rewarding, mission-critical activities.
One example is an ERP system. This technology automates key in-house areas, reducing the risk of human error and facilitating cross-department communication. Other examples include manufacturing ERP systems, supply chain management systems, and CRM systems.
4. Consolidate Company Resources
Are you still using a myriad of tools and solutions around your office? Maybe you have one type of software to handle your HR functions and another to manage your sales data.
If this is the case, you likely spend most of your workday chasing data. It can become difficult to tell which version is the most recent and which report you should access to find the answers you need.
With digital transformation, you can consolidate all your disparate systems into one integrated suite of business tools. You don’t have to switch between different applications and hope that you’re working with the right business intelligence.
Instead, you have a single, central repository that contains data previously housed in individual applications, databases, and software.
5. Expand Partnerships and Profits
As the business realm grows exceedingly competitive, businesses are forming strategic partnerships to improve their standings. They’re teaming up with suppliers, distributors, consultants, and subcontractors to improve product quality and meet customer demand.
The ability to easily enter into these partnerships is a key benefit of digital transformation.
Traditionally, building and sustaining such partnerships was a heavily administrative process. However, with digital transformation, you can leverage the benefits of network resource planning to collaborate with external stakeholders.
Ultimately, shifting to a digital business model can help you compete in the tech-heavy marketplace and make more lucrative connections.
What’s Your Business Case for Digital Transformation?
Don’t overhaul your existing systems and workflows just because you feel like you should. Instead, consider your immediate and long-term business goals.
Do you want to increase customer satisfaction? What about facilitating data management? Would you like to centralize data across your enterprise and jumpstart business partnerships?
While these are some of the most common reasons for digital transformation, they aren’t the only ones. Our enterprise software consulting team can help you build a business case for digital transformation that’s unique to your organization’s needs. Contact us below for a free consultation.