- December 27, 2021
- Posted by: Bureau360
- Category: Innovation
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.