How We Digitally Transform Your Business For 2020
In today’s world technologies are evolving rapidly so it would be great if we can take our business digitally and promote it with the Internet. We know that you want to grow your business and why not because the change is constant, Right!
Now, there is a question in your head that why I have to transfer my business digitally? What are the benefits of taking my business online? Does it help me to grow my business more or it’s just a waste of money?
Don’t worry, we have all the answers to your questions. Let’s look at it step by step it will definitely help you and gives you a vision.
What is digital transformation?
Digital transformation is the use of the latest technology to enhance our current business and give improved services and products to our customers. Simply it’s a new business process which creating digitally.
Many businesses view the concept of digital transformation as a disruption but there’s no doubt that they add incredible value to the organization and bring multi-faceted benefits to any business.
Digital transformation goes beyond of our traditional roles like sales, marketing, or even customer service. There is only one thing that matters in digital transformation is the engagement of the customer.
Why does digital transformation matter?
To grow our business and to reach more customers we have to adapt digital transformation. Adapt to meet changing market conditions or face extinction.
The last ten years of IT have been about changing the way people work. The next ten years of IT will be about transforming your business.”
– Aaron Levie | CEO of Box
Four reasons why digital transformation matters:
Digital transformation involves making processes and workflows faster, easier, and more efficient. Recently the survey was done and it shows that 44% of respondents indicated that legacy systems hold back or hamper nearly every project.
Implementing digital transformation allows you to know your customers and fulfill their demands more effectively. We can connect with our customers and know their reviews and can improve our products and service according to them.
According to statistics implementing digital transformation leads to improvements on the bottom line. In a recent survey, 50% of CEOs of various companies said that digital transformation already helps them to increase their revenue and profit and they look forward to it.
Digital transformation can keep your head up with your other competitors who are working traditionally. As you are working with a digital platform you gain customers with not only your current place where you are working but also from various places all over the globe.
1. Take a look at your industry
First look at your competitor, what they are doing, How they are working, What you need to go one step ahead, or them. If they are also planning to go digitally or they already work digitally then what is their’s strategy? Are the strategy helps to get more revenue? Has digitization positively impacted their business? What are the customers’ expectations? These are incredibly crucial questions that need to be answered before you can dip your toes in the world of digital transformation.
2. Define your path
Once you did your research and got all answers to the above questions now it’s time to design your strategic path. It means that you have to work on the model now that how you going to deliver the right products and services to your customers. All of this is the foundation for the next step which is planning.
Now you have your all researches and agenda, now it’s time to apply it practically. Consider all the resources and the timeline required, and plan your strategy. After planning the strategy now, it’s time to cover the technological gaps between your traditional business and your digital business. To fill that gap hire someone who has domain expertise, studying the different digital environments that can work for your business.
4. Making the change
Convert your business from traditional to digital it will take some time. You have to gradually move to the future infrastructure and platform while maintaining the existing ones to ensure that there is no data loss or system failures.
Digital transformation in 2020
Many industries transform their business digitally in 2019. In 2020 we will also gonna see that many companies in many different sectors will be going digitally and scale their businesses. Here are some digital trends that you will look out for this year…