5 Signs That Show Your Company Is Prepared For Digital Transformation
The term "digital transformation" has gained a lot of popularity in the business world. Many businesses are using digital transformation services to enhance their business operations and gain a significant competitive advantage. But when will you be able to tell if your company is ready to adapt digitally? In this explainer, we'll list five indicators that your company is ready to facilitate digital transformation.
Customer ExpectationsAre Changing
The digital era of today expects your company to offer quick and convenient services. Perhaps your clients would like additional digital options, such as smartphone apps, self-service portals, and online ordering. If so, your clients are anticipating the digital transformation of your company.
According to a recent Salesforce report, 64% of customers want businesses to provide real-time assistance. According to the same report, more than 62 percent of consumers want businesses to provide them with personalized engagement based on their prior purchases.
Legacy Business ProcessesAreAProblem
Does your company still rely on antiquated technology and manual processes that could be limiting its effectiveness? If you nod in agreement, then it's time to automate routine procedures, streamline operations, and reduce errors. Companies that pursue digital transformation can increase their productivity by more than 40%, according to McKinsey research.
ObservingYour Rivals Moving Quickly In Front Of You
It's possible that your rivals are prepared to start using digital transformation strategies. Some of them might be successfully implementing these initiatives from paper to reality by applying digital transformation services. But does your company support digital transformation at the corporate level? The moment has come to catch up if your company's digital transformation strategy is still on paper. Getting behind in the digital transformation process might have serious repercussions. In fact, if your company doesn't emphasize digital transformation, it could lose a sizable portion of its market share and lower its level of innovation. According to an HBR survey, nearly 90% of the executives who participated feel that driving corporate success depends on digital transformation.
Siloing Data Storage
Are your datasets spread across disjointed systems, making it hard to access them? Digital transformation should be planned if this is the case. Your company will gain useful insights into its operations after a unified data platform has been deployed. A research by Aberdeen Group found that organizations with a unified picture of their data assets can enhance decision-making by over 36%.
Realizing Your Workforce Is Prepared For Change
A workforce that embraces change must be the most important need for advancing digital transformation. The development and maintenance of an innovative culture is another important necessity for allowing digital transformation. Aworkforce lacking in the necessary abilities to enable digital transformation is one that is resistant to change. And if your workforce isn't prepared for change, you'll need to make a significant investment in training and development initiatives. According to a Deloitte report, over 72% of executives think that training and retraining their personnel is essential for carrying out various digital transformation activities.
Selecting A Reliable Digital Transformation Company As A Partner
Overall, there is no one size fits all approach to digital transformation. Your company might be ready for a digital transformation strategy, but getting it moving in the right direction might seem difficult. If so, it will be crucial to collaborate with a digital transformation business like Flexsin. At Flexsin, we have extensive experience assisting companies in making prudent investments in digital transformation in order to make them futureproof. We assist companies in integrating cutting-edge technologies like blockchain, metaverse, data analytics, cloud, and others to provide better results from their digital transformation efforts.
Connect with our digital specialists to learn how we can support your efforts to transform your business.
