Digital transformation is defined as the integration of digital technology into your company's operations. Digitalization affects virtually every aspect of your business, including its processes, systems, workflow, and overall culture. The idea is to explore new possibilities in your approach to products, services, and processes from a modern-technology perspective.
Companies have no option but to adopt digital transformation for two reasons: to maintain a competitive edge and to take advantage of digitalization's many benefits. Here is an overview of the implications of digital transformation for your business and how you can go about implementing a transformation strategy.
What Digital Transformation Means for Your Business
Digital transformation is disruptive and can change many aspects of how your business operates. However, the disruption is positive, as it essentially entails making everything more efficient. To this end, digital transformation offers benefits such as:
Data Collection & Analysis
Data gives businesses insights into virtually every aspect of a business's landscape. It is especially important for identifying customers' changing needs and preferences.
Traditional business systems isolate data according to different departments, essentially treating it like silos. It is difficult to make sense of scattered data, and the insights derived can be either be inconclusive and misleading.
Digital transformation creates digital platforms that make it easier for businesses to generate and collect data such as migrating to Microsoft Azure Cloud. Additionally, it aligns most of the business's operations, consequently streamlining data collection and making data analysis easier.
Better Resource Management & Improved Productivity
Digital transformation will enable your business to consolidate data and other resources. For example, you can create one platform where employees can access all the programs and data they need to work. This reduces resource wastage and makes it easier for employees to work, improving the business's overall efficiency and productivity.
Better Customer Experience & Increased Profits
Digital transformation will enable your business to better understand customers' needs and preferences, as mentioned. Additionally, it will make your business overall more efficient. The result is a better shopping experience for your customers. Consequently, your customers will be enticed to shop more, growing your customer base and increasing your profits.
Your Digital Transformation Strategy – Where to Start
The majority of companies have already started their digital transformation journey. However, only 15% of these companies have a clear strategy. A clear strategy is necessary to ensure a smooth digital transformation process.
Your digital transformation strategy should be customized to suit your business's unique needs and preferences. However, most strategies have one common starting point: moving digital infrastructure to the cloud. Additionally, many companies choose Microsoft Azure Cloud as the ideal cloud platform to host their digital infrastructure.
Many companies run an average of 900 digital apps and platforms at any given time. Moving these apps and platform to Microsoft Azure Cloud has many benefits, including:
It is difficult to track and access 900 apps scattered across different platforms. However, it is easier when these apps are available on one central location.
Better Flexibility & Improved Productivity
The cloud goes everywhere you and your employees go. This means that employees can access the digital infrastructure from anywhere, making it easier to work remotely and improving their productivity.
Digital transformation creates the risk of cyber-attacks, necessitating a reliable digital security solution. Microsoft Azure Cloud uses the latest cyber-security solutions, improving your digital infrastructure's security.
Get Professional Guidance
Digital transformation requires a clear strategy, as mentioned. It also requires professional expertise and a range of digital resources. Consequently, it is advisable to consult a professional digital advisor or engage the services of an IT services agency to implement the transformation.
TMC is here to ensure that your digital transformation process is flawless. We offer the best solutions customized to suit your business's unique needs. We also offer our clients free reviews to give them an insight into the transformation process. Get in touch today to discuss your business's digital future. Lastly, check out our library of digital transformation contents.
September 02, 2021 | Digital Transformation