Nowadays the best way to grow up your business is to transform it digitally because it fundamentally changes the way you operate and deliver value to the consumers resulting in even better services. It leverages technologies to create value and new services for various stakeholders, innovate and acquire the capabilities to rapidly adapt to changing business efficiency.
How is Digital Transformation Reshaping Businesses?
Here are four key values that will help your organization reshape your business.
Transforming the basic process from physical to digital:
either reshaping the path of digital transformation or how the value is delivered or delivered.
Experience:
Reconsidering customer / partner and employee experience as a solid experience feedback method.
Digital Infrastructure:
Adopting available cloud-based tools to run, develop and seamlessly use software, store / retrieve data, and compute.
Information Management and Analysis:
The formation of a data-driven organization where decision-making relies heavily on the insights gained from the data collected.
Role of Digital Connection During a Global Pandemic
A COVID is basically a wake-up call for entrepreneurs to embrace digital transformation. During this pandemic situation if it is said that the people have suffered from it, then at the same time some of them have taken full advantage of it. Organizations who rely on physical space, such as supermarkets, restaurants, dealers, fitness centers, have to suffer. This is in contrast to online markets. In this situation, it has become more of a necessity to transform one’s business digitally because during this time of crisis only digital businesses survive. So transforming business digitally provides even more growth and consistency no matter what the world is going through.
Real Example of Digital Business Transformation
Now we shed some light on enterprises that were successfully implemented digital transformation,
- Macy’s one of the giant department stores has gone completely digital Now, the retailer has announced the biggest discovery since the move sparked an epidemic that is affecting its business with the spread of COVID.
- Starbucks digitized more than just a mobile app with real loyalty. What they get is very fast, easy and a large number of customer information is sent to the company on a regular basis.
These are just a few examples of business revolution which has allowed companies to harness the power of digital transformation by simply updating their technology and processes.
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In my experience, culture is the hardest part of the organization to change. Shifting technology, finding the right talent, finding the right product set and strategy—that’s all doable, not easy, but doable. Hardest is the cultural transformation in businesses that have very deep legacy and cultural roots.
James Bilefield, a Senior Adviser to McKinsey
