Digital tools have invaded the business landscape like never before, triggering significant changes in the way we work, communicate, and sell. No wonder, today digital transformation is on top of the strategic agenda of enterprises – big and small.
But what is the concept all about?
Digital transformation does not merely signify embracing new technologies; it is much more than that. In the context of an organization, it refers to initiating a total metamorphosis so that it can succeed in today’s technology-governed business landscape. A truly digitized company knows exactly how to use the know-how to meet various organizational goals. In a survey conducted by Forbes Insights and Hitachi, half of the 573 participants (all top executives) said they would opt for digital transformation in the next two years. Even if you do not believe you have to transform, you should consider it anyway. Here are the reasons why:
- Your competitors are doing it. A Forrester survey revealed that corporate executives strongly believe that within the next three years, half of their revenues will be driven by digital investments.
- It will drive more revenues for you. Companies that have gone all digital reportedly enjoyed a 12 percent higher market valuation than their competitors.
- A digitally-driven operation will help you work more efficiently. Today, nine out of 10 IT decision-makers believe that they should replace traditional systems with digital technologies to work more efficiently and grow.
- With consumers embracing digital in a big way in their personal lives, your clientele will appreciate your move and become your loyal customers.
However, it is not going to be an easy undertaking. Like any journey, it must begin with small steps. No matter how big or small your business is, if a digital transformation is in your mind, follow the steps religiously to stay on the right track. At Qvatic, we can assist you in mapping your journey, helping you prioritize investments in the right technologies. Contact us today.