By   May 26, 2017

What Digital Transformation is Really All About Sometimes digital transformation is confused to mean changing ones mode of processing things. What it means is simply to transform your physical or material things into something that is computerized or digitized, in digital format so that the process is more efficient. It transforms paper forms into electronic forms, cash becomes computer information or bits, paper documents becomes paperless forms, logs and invoicing of sales transactions become sales force automation and ERP. In essence that is indeed digital transformation but the word denotes something else. The digitization part of the definition is just a part of the whole thing which actually means a digitally transformed business that involves the entire ecosystem of the business. The supply chain, partners, customers, crowds, and employees are included in all of these. Stopping at digitization alone misses the transformation part which designs everything or transforms everything from the physical and material into a virtual form. And there are a multiple good reasons for that. Digital transformation then is about more than digital products and services, it is also about the processes that create, enable, manage, and deliver them in a virtual arrangement.
The Key Elements of Great Businesses
A lack of data processing in real time is a good reason why businesses today will die if they fall on the wrong side of this transformation. 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.
Why Companies Aren’t As Bad As You Think
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. To capture the individuality demanded by customers and to improve the economics of your business processes, you need to increase automation, usability, collaboration, and real time processes to improve efficiency. 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. Being on top of these boundaries means that you can leverage the power of these new networks and reevaluate how to widen the value that you deliver to each including your customers. To be able to deliver innovative outcomes strengthened by better tools and updates equipment to comply with recognized needs, there is a need to develop new solutions, processes, services, and business models that are buoyant to your suppliers and customers. The recurrence of these pattern constitutes the dynamism of these type of transformation. This is a never ending cycle that is developing constantly and if you are behind digital transformation or if you fall on the wrong side of it, you are on your way to extinction.