Digital Transformation is essential for your Business

22 Apr,2019

According to a report entitled “2019 Digital Transformation Market Trends” issued by Masergy Communications, Inc., digital transformation (DX) has become an imperative for survival for businesses and it is very important related to everything in an organization.

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Digital transformation is essential for your business as it has become an imperative for the survival of your business. Most of the organizations have been working towards embracing digital transformation to enhance their productivity, to deliver better customer experience and to manage customers (CRM).

 

According to a report entitled “2019 Digital Transformation Market Trends” issued by Masergy Communications, Inc., digital transformation (DX) has become an imperative for survival for businesses and it is very important related to everything in an organization. The investments in technology to support Digital Transformation are focused on migrating to the cloud for IT functions, with a significant emphasis on groundbreaking technologies like Artificial Intelligence, Big Data, and IoT. To have the digital transformation, companies have been preferring working with smaller service providers than with larger traditional carriers.

 

The report highlighted the importance of the digital transformation as well as the major challenges organizations face in during their DX journey. The entrepreneurs need to look at the advantages of the DX and the RoI before moving ahead with the strategy. 
 
Digital transformation is a long-term process so organizations must have the right guidance and support to achieve their excellence. Expectations of the companies from the DX are: remain competitive in the industry, enhance customers experience and streamline business process. Let’s have a look at the benefits of DX:

Top 5 Benefits of Digital Transformation Initiatives

best CRM

Enhance Customer Experience & CRM: Customer experience is the ultimate that will help the companies to grow. Without which, companies will fail to tap the market no matter how big they could be in the size of business. Consumer choice and preference is the key to be successful in the market. It applies to both services as well as Product Company. By having the digital transformation with leveraging latest technologies, companies can provide the best customer experience. On the contrary, managing customers and reaching to potential customers is the tedious thing for companies. With having the best CRM (customer relationship management), companies can reach to their customers, leads, and prospects. The DX strategy will give the companies to use the CRM in the most sophisticated way to retain customers.

Streamlined Business Processes: Optimizing the business process is the key to growth. Enterprises need to optimize their business process like this the era of digitization. Most of the larger companies have adopted the digital transformation and still, there are many yet to follow the same. The major challenge with small business is they find it most challenging to streamline their business as they have been doing their business in traditionally. There could be another challenge that they need to find the best software company to help them in DX strategy.

Remain Competitive in the industry: Many companies do not realize the importance of going for automation. To compete, companies must be one step ahead of their competitors in the defining and adopting DX strategy. The industry landscape is changing at a faster pace with the advancement of technologies. Companies just need to understand the changes and have intense to adopt modern technologies.

productivityEnhance Productivity: The digital transformation will help enterprises to enhance their productivity. By having a roadmap for the digital formation it will be useful for the enterprises to increase their productivity. To meet the demand the enterprises must be ready to enhance their productivity and that is possible with DX strategy.

Improved Cost Saving: Managing costs is a costly affair for companies. These companies always try to reduce or optimize their input costs so that they could be competitive with the final product price. The leveraging technologies and digital transformation have been helping them to reduce their input cost and control the costing measures.

Top 5 Challenges for a Successful Digital Transformation

Challenges are the key components in a business environment. The best way to overcome these challenges is to define a proper DX strategy. Let’s have a look at the top five challenges in digital transformation.

 

Budget Commitment: Budget is the key when it comes to running the existing business model or expanding it. The demand for running capital increases day-by-day as the business grows. When it comes to planning for a digital transformation considering a long-term perspective, it is the biggest challenge for even bigger organizations.
 
Executive Leadership Support: Most of the organization faces the challenge in the digital transformation because of the support from the executive leadership and top leadership. Taking top leadership and management into confidence over the DX strategy is the key challenge. For a successful DX adoption, there must be support from the top management.
 
In-house, skills, expertise: Another biggest challenge is to find the right skills and expertise for the digital transformation. To implement leveraging technologies like Artificial Intelligence, Big Data, and IoT; companies need staff with the right skill and expertise. On the contrary, enterprises can tie-up with the best software companies to adopt and leverage the latest technologies.

IT infrastructure

Lack of robust IT infrastructure: The DX process depends on the infrastructure and most of the enterprises fail to design the IT infrastructure. This is seen as the major challenge in the digital transformation. Without the proper infrastructure, the companies cannot develop an application or deploy for the operations.
Lack of Mature Technology: This is another major challenge in adopting the digital transformation. Working on the leveraging technologies and their adoption is low among many companies. They find challenging regarding train and retain the skilled people for the implementation. The technologies like AI, Big Data and IoT are in huge demand, but the adoption is less due to the skills.

It is the right time for the companies to adopt the digital transformation and to lead their business segment. Companies without the DX strategy are surely losing the race in a long-run as the digital transformation is spreading across all the segments.

For more information on digital transformation and technologies like AI, Big Data, IoT, please feel to reach us at info@learntechx.com. Please feel free to follow us on Facebook, Twitter & LinkedIn.

Digital transformation is essential for your business as it has become an imperative for the survival of your business. Most of the organizations have been working towards embracing digital transformation to enhance their productivity, to deliver better customer experience and to manage customers (CRM).

 

According to a report entitled “2019 Digital Transformation Market Trends” issued by Masergy Communications, Inc., digital transformation (DX) has become an imperative for survival for businesses and it is very important related to everything in an organization. The investments in technology to support Digital Transformation are focused on migrating to the cloud for IT functions, with a significant emphasis on groundbreaking technologies like Artificial Intelligence, Big Data, and IoT. To have the digital transformation, companies have been preferring working with smaller service providers than with larger traditional carriers.

 

The report highlighted the importance of the digital transformation as well as the major challenges organizations face in during their DX journey. The entrepreneurs need to look at the advantages of the DX and the RoI before moving ahead with the strategy. 
 
Digital transformation is a long-term process so organizations must have the right guidance and support to achieve their excellence. Expectations of the companies from the DX are: remain competitive in the industry, enhance customers experience and streamline business process. Let’s have a look at the benefits of DX:

Top 5 Benefits of Digital Transformation Initiatives

best CRM

Enhance Customer Experience & CRM: Customer experience is the ultimate that will help the companies to grow. Without which, companies will fail to tap the market no matter how big they could be in the size of business. Consumer choice and preference is the key to be successful in the market. It applies to both services as well as Product Company. By having the digital transformation with leveraging latest technologies, companies can provide the best customer experience. On the contrary, managing customers and reaching to potential customers is the tedious thing for companies. With having the best CRM (customer relationship management), companies can reach to their customers, leads, and prospects. The DX strategy will give the companies to use the CRM in the most sophisticated way to retain customers.

Streamlined Business Processes: Optimizing the business process is the key to growth. Enterprises need to optimize their business process like this the era of digitization. Most of the larger companies have adopted the digital transformation and still, there are many yet to follow the same. The major challenge with small business is they find it most challenging to streamline their business as they have been doing their business in traditionally. There could be another challenge that they need to find the best software company to help them in DX strategy.

Remain Competitive in the industry: Many companies do not realize the importance of going for automation. To compete, companies must be one step ahead of their competitors in the defining and adopting DX strategy. The industry landscape is changing at a faster pace with the advancement of technologies. Companies just need to understand the changes and have intense to adopt modern technologies.

productivityEnhance Productivity: The digital transformation will help enterprises to enhance their productivity. By having a roadmap for the digital formation it will be useful for the enterprises to increase their productivity. To meet the demand the enterprises must be ready to enhance their productivity and that is possible with DX strategy.

Improved Cost Saving: Managing costs is a costly affair for companies. These companies always try to reduce or optimize their input costs so that they could be competitive with the final product price. The leveraging technologies and digital transformation have been helping them to reduce their input cost and control the costing measures.

Top 5 Challenges for a Successful Digital Transformation

Challenges are the key components in a business environment. The best way to overcome these challenges is to define a proper DX strategy. Let’s have a look at the top five challenges in digital transformation.

 

Budget Commitment: Budget is the key when it comes to running the existing business model or expanding it. The demand for running capital increases day-by-day as the business grows. When it comes to planning for a digital transformation considering a long-term perspective, it is the biggest challenge for even bigger organizations.
 
Executive Leadership Support: Most of the organization faces the challenge in the digital transformation because of the support from the executive leadership and top leadership. Taking top leadership and management into confidence over the DX strategy is the key challenge. For a successful DX adoption, there must be support from the top management.
 
In-house, skills, expertise: Another biggest challenge is to find the right skills and expertise for the digital transformation. To implement leveraging technologies like Artificial Intelligence, Big Data, and IoT; companies need staff with the right skill and expertise. On the contrary, enterprises can tie-up with the best software companies to adopt and leverage the latest technologies.

IT infrastructure

Lack of robust IT infrastructure: The DX process depends on the infrastructure and most of the enterprises fail to design the IT infrastructure. This is seen as the major challenge in the digital transformation. Without the proper infrastructure, the companies cannot develop an application or deploy for the operations.
Lack of Mature Technology: This is another major challenge in adopting the digital transformation. Working on the leveraging technologies and their adoption is low among many companies. They find challenging regarding train and retain the skilled people for the implementation. The technologies like AI, Big Data and IoT are in huge demand, but the adoption is less due to the skills.

It is the right time for the companies to adopt the digital transformation and to lead their business segment. Companies without the DX strategy are surely losing the race in a long-run as the digital transformation is spreading across all the segments.

For more information on digital transformation and technologies like AI, Big Data, IoT, please feel to reach us at info@learntechx.com. Please feel free to follow us on Facebook, Twitter & LinkedIn.

DIGITAL TRANSFORMATION

Take a closer look

See for yourself how our ERP and CRM Solutions help your business grow.

Learn More

Healthcare Product

See how preventive healthcare product can help to reduce your losses

Learn More