Digital Transformation: Why your Organization Needs It

Posted by Sprink digital on October 14th, 2019

In today’s market scenario, every part of the business is subject to new expectations, competitors, channels, threats and opportunities. This has necessitated companies to move towards becoming digital businesses, especially as the numbers of smart, connected devices from phones to cars to wearables penetrate into user’s lives. With Digital Transformation, companies can gain a competitive edge over other businesses to quickly deliver digitally instrumented products or services, fetch data from market interactions, and use insights to rapidly optimize the value chain. And those businesses that transform digitally, they will not only be able to claim a greater share of profits in the market, but they will also be able to connect more closely with the customers as well as speed up their business innovation.

Digital transformation is now being recognized as a long-term investment. A recent study estimates that “Worldwide spending on the technologies and services that enable digital transformation will reach almost trillion in 2022, with companies allocating 10% of their revenue to fuel their digital strategies”.

The companies must operate at the same pace as their business front-end because the job is no longer focused on traditional technology management, but more on the projects that are future-ready and bring a change in the business. In this digital-first world, there are various reasons why every organization needs Digital Transformation.

Rising on-demand expectations

Today’s informed customers, both internal and external, expect unique, personal and secure experience with technology. However, companies face a challenge in providing such experiences to their customers as there have never been more choices, both in terms of how and where to deliver applications, and with whom to partner within the delivery of services. This is where businesses need to move towards digital transformation by going beyond just the usability of applications to expediting towards creating experiences for employees and external customers with the agile hybrid IT services and agile networking capabilities.

Handling risks

Placing more data securely at the edge of networks is one of the biggest headaches for many IT leaders. The changing business landscape requires the executives to make decisions based on real-time scenarios, which is only attainable if the companies adopt digital transformation and surround themselves with both business and technology partners that comprehend the wider business objectives and can operate transparently to realize these goals.

Helping employees be more effective

The core functions of a business, such as HR and Finance require digital transformation to move away from manual processes towards automation to assist them in becoming more efficient. This not only accelerates the speed of work but also reduces the chances of human-error providing valuable opportunities for core business functions and enabling leaders to focus on wider business opportunities.

Strengthening business partnerships

As the customer demands increase and competition becomes fiercer, the industries heavily rely on each other working together with suppliers and distributors, sub-contractors and specialized consultants to provide the experience that interest customers. Using Digital Transformation Services offered by the IT companies, these industries can enable a streamlined workflow, making processes more transparent, timely and accurate as well as helping the employees be more effective and productive with each day.

Getting easy access to knowledge base

The old businesses benefit from the institutional knowledge that have acquired over the years of working in the industry. However, for these businesses the challenge lies with passing on the hands-on experience and knowledge base to others involved in the business. Therefore, the emerging businesses are leveraging the potential of digital transformation by using the cloud infrastructure that provides flexibility to businesses to store, share, test and reach an optimal solution.

Companies worldwide are experimenting with and benefiting from digital transformation using social media, mobility, big data analytics and cloud. It is only by adapting quickly to these changes can today’s businesses progress fiercely and sustain in the increasingly competitive market.