What Digital Transformation is Really All About
Sometimes digital transformation is confused to mean changing ones mode of processing things. Meaning, a means to digitize or computerize an existing physical or material adaption into a digital form mainly for efficiency. What this does is to transform paper form into electronic forms, like cash becomes computer information or bits, paper documents becomes paperless forms, logs and invoicing of sales transactions become sales force automation and ERP.
There is more to digital transformation that what we have seen in its essence. If we stop at the digitization part of the definition, it actually missing a lot of things because this actually means a digitally transformed business that involves the entire ecosystem of the business. What this includes are the supply chain, partners, customers, crowds, and employees.
If you merely stop at the digitization part, you will miss the transformation part which is designing everything from the physical and material order into a virtual form. And there are a multiple good reasons for that. When we speak of digital transformation then we are speaking more than digital products and services, but about the processes that create, enable, manage, and deliver them in a virtual arrangement.
If a business falls on the wrong side of this transformation a good reason for this is the lack of data processing in real time. This has always been the shortfall of our traditional bearing. In this fast paced age it is important to analyze data and historical data mining when it comes to identifying opportunities and determining risk.
By using real-time insights to enable customers, workers, supplier, and machines to seize opportunities immediately and take collaborative action at the moment of greatest impact is to have a managing edge over all your business resources.
By increasing automation, usability, collaboration, and real-time processes to improve efficiency would also mean not only capturing the individuality demanded by customers but also improving the economics of your business processes.
By connecting all your internal business processes, labor, ecosystem partners, and customers, to deliver a new level of transparency is simply creating an added value which goes beyond the boundaries of the enterprise. You can leverage the power of these new networks and reevaluate how to widen the value that you deliver to each including your customers if you are on top of these boundaries.
Also, by developing new solutions, processes, services, and business models that is buoyant to your suppliers and customers, you can expect that it will deliver innovated outcomes strengthened by better tools and updated equipment to comply with those recognized needs.
What these patterns recur, then these constitutes the dynamics of this type of transformation. The cycle never ends and it is constantly developing so if you end up on the wrong side of this transformation or if you are behind it, then your business is in danger of extinction.
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