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Digitization and management consulting | cornerstoneorg

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Digitization and management consulting | cornerstoneorg

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  1. Digitization and Management Consulting www.cornerstoneorg.com

  2. Selling your idea Accepting digitization is not just about adopting a piece of technology; it involves acquiring a new mindset. For business management consultant, that means using digital capabilities to improve every stage from the creation of IP to creating follow-up business opportunities at an engagement’s close.

  3. Technologies like Industry 4.0, Internet of things, Big Data have a dramatic impact on the clients and their strategy. In such cases, consultants have to be innovative to help their clients develop and implement the right strategy.

  4. Intellectual Property The first step towards digital management consulting is the digitization of intellectual property of the firm. Some business consulting services, particularly the larger, more established firms, intellectual property frequently consists of the fixed frameworks which they use repeatedly. Digitized and standardized frameworks will ensure a consistent output.

  5. While some consultants may not use standardized frameworks but will approach each client with a different framework, depending on the client’s specific problem. Digitization will provide these firms with easy means of standardizing the frameworks. With digitization consulting firm can maintain a library that allows them to improve their own internal knowledge.

  6. Research and Discovery Clients are not willing to pay for long discovery time, causing consulting firms to lose business. Smaller business consulting servicesthat lack the resources of the top firms may have to sacrifice the quality of the insights they present to clients because they do not have the time to gather data from all the appropriate stakeholders. Digitization of discovery process can change this scenario.

  7. Analysis Analysis of large amounts of data will begin to constrain resources, especially for smaller firms, unless the process of filtering the raw data through the frameworks and into an analytics platform is digitized.

  8. Client Information We have seen how digitization provides security to a firm’s intellectual property, the same is applicable to client data. Many clients would not like if their highly confidential data is stored in a non-secure spreadsheet. Here, digitization will assure the security of the data. Apart from this, collecting and storing client data in a digital platform will help consultants to learn from the data and improve their practices.

  9. Contact us: Website: Cornerstoneorg.com Email: info@cornerstoneorg.com Contact No:419.602.2593

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