Tips to Implement Successful Digital Transformation Strategy in a Business

1. Tips to Implement Successful Digital Transformation Strategy in a Business Digitization provides more capabilities for businesses and companies can rely on a reliable document conversion service to digitize huge volumes of data. Managed Outsource Solutions 8596 E. 101st Street, Suite H www.managedoutsource.com (800) 670 2809 Tulsa, OK 74133

2. The innovations in digital technology have helped businesses to grow rapidly. Digitization is no longer a choice but a necessity to survive in the present competitive world. This has increased the demand for data conversion services that help companies transform into completely digital enterprises. Digitization provides the opportunity to create new capabilities, experience and unprecedented economic opportunity for businesses and it also helps businesses secure a competitive edge. Having all the latest technology and machinery is not enough for digitization. A proper strategy or foundation that supports digital transformation and reviews the entire business model and adjusts accordingly is more important. Today, with the global health crisis, the future of business operations remains uncertain and this has forced many businesses to turn digital. To be innovative, businesses should first standardize their systems and then modernize by reducing tech burden and legacy system. Therefore, it is important for businesses to have an efficient way to embrace new technologies. Following are some of the tips suggested by Steven Horvath, chief architect for management solutions at CDW. Utilize technology with the best results: With digitization, business functioning has changed and customers and employees have grown accustomed to a high level of convenience and speed. With advanced technology, businesses are now able to provide products and services at the customer doorstep. Therefore, businesses must take this into account in their digital planning. Identify data trends and patterns: Data continues to grow with every year and businesses should harness these data to derive valuable insights. Business leaders must focus on using intelligence to identify data trends and patterns and be proactive in business operations. Focus on better user experience: Better user experience is essential to enhance the productivity of employees. Make sure the technology is user-friendly to employees to ensure widespread adoption during a digital transformation. Better understanding of the digitization process: It is important to analyse each and every process carefully that go into the business’s IT operations to thoroughly understand the intricacies of digital transformation. Use artificial intelligence tools: As customer expectations rise, the business organization also must increase its efficiency to meet their expectations. For this, you www.managedoutsource.com (800) 670 2809

3. have to empower users through technology to get the service they need in real-time. Tools like Chatbots, machine learning etc. help to understand what they want and serve them better. Improve transparency and visibility between silos: Different departments have always been separated within the organization, but those divisions are starting to disappear. Digital transformation helps various departments of an organization to work together in an effective and faster manner for better work experience. Work closely with technology personnel: As IT and business have become more interlinked, technologists have become more visible within the organization and they can demonstrate specific ways that tech can help achieve business goals. Increased Spending on Digital Transformation According to IDC report mentioned in an article by InfotechLead, spending on digital transformation technologies and services is expected to grow to 10.4 percent in 2020 to $1.3 trillion. According to Craig Simpson, senior research manager with IDC’s Customer Insights and Analysis Group, investment in digital transformation technology has not been without negative impact, but so far it has been affected only to a lesser extent. Personal and consumer services that include hotels, theme parks, casinos, and movie theaters will see a growth of 5.3 percent in their digital transformation spending this year, down from 18.4 percent growth in 2019. The industries expected to see the strongest growth in digital transformation spending in 2020 are construction (16.3 percent) and healthcare (15.7 percent), both of which will see spending grow more slowly than last year due to COVID-19. This year the most spending will be on autonomic operations ($51 billion), robotics manufacturing ($47 billion), and root cause ($35 billion), all of which will be driven by the manufacturing sector. Out of all countries, US will remain as the largest geographic market for digital transformation spending in 2020. For all organizations to make a bold a strong business decision, it is important to have a clear picture of what lies ahead of your company. Digitization is not just technological change, rather it transforms business models and helps them make the right decision to safeguard their future. Digitization provides more opportunities and capabilities for businesses, and companies can rely on a reliable provider of document conversion service to digitize huge volumes of data. www.managedoutsource.com (800) 670 2809