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Why Every Business Needs To Implement Digital Transformation

Team members and organization employees need to understand the reason behind the implementation of the system, its not about taking their jobs, or monitor them, its about protecting them, when a system is implemented and used correctly, it protects the shareholders. 

In addition there are a lot of reasons behind a digital transformation implementation, such as: 

Drives data-based insights:

One of the great benefits of going digital is the ability to track metrics and analyze the data that is  gained from the digital transformation. More to the point, using these insights allows businesses to  optimize their strategies and processes for even better results. In businesses, two things matter more  than most – costs and revenue. It’s possible to make massive changes to both by integrating data based insights into the company culture.

Encourages collaboration across departments

Many people fear change. The thought of the entire organization making a massive digital  transformation can be a daunting prospect for a workforce from leadership to entry-level employees. All processes and strategies, down to the core structure and company culture need to be  addressed. 

However, in that, there is an opportunity for  unity throughout the workforce. To maximize  the chances of a successful switch, there  needs to be strong communication. 

With encouragement, employees can break  down age gaps and social divides to engage in  conversation and learn together. Solid  leadership at this point will improve the digital  intelligence of the workforce. 

“In today’s era of volatility, there  is no other way but to re-invent.  The only sustainable advantage you can have over others is  agility, that’s it. Because nothing  else is sustainable, everything  else you create, somebody  else will replicate” – Jeff Bezos,  Founder, Amazon

Increases agility & innovation 

In business, agility is the ability to continuously improve and develop quickly, especially regarding digital  processes. This penchant for innovation is held in high regard across many industries. When it comes to  digital transformation initiatives, 68% of companies rank agility among the top three considerations. 

Dr. Brigit Koenig, CEO of German’s Allianz Health, summed up the state of business in the digital age,  when she said, “It’s never over. There is always change and always more to do.” 

Fosters a digital culture 

Central to this flexible and adaptable nature is a strong digital workplace. This will allow the workforce to  remain productive and engaged in the transformation without feeling overwhelmed or disconnected from  the process. 

Merely having the technology in place is not enough. If a business is to succeed in the future, the  organization must adopt and apply a company culture that embraces the change. 

Considering that 60% of professionals don’t feel equipped for change, a company culture that immerses  the workforce in a digital learning environment is a significant benefit, helping them up-skill for years  ahead along with climb up the ladder to become digital-savvy employees. 

Digital transformation allows this to happen by making an impact on leadership and driving culture from  the top-down. 

Consolidates process and operations 

Putting money aside, the greatest universal benefit that technology has given businesses is that it has  made it easier to connect with other people. 

By going digital, companies can bring more than just their workforce together, but also their entire  architecture.

  • Growth through innovation/creativity:
    Rather than be constrained by ideas for new products, services and new markets coming from just a few people, a Thinking Corporation can tap into the employees.
  • Increased profits:
    The corporation will experience an increase in profits due to savings in operating costs as well as sales from new products, services and ventures.
  • Higher business values:
    The link between profits and business value means that the moment a corporation creates a new sustainable level of profit, the business value is adjusted accordingly.
  • Lower staff turnover:
    This, combined with the culture that must exist for innovation and creativity to flourish, means that new employees will be attracted to the organization.

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