Encourages digital culture By providing team members with the right tools, tailored to their environment, efficient digital transformation fosters a digital culture .
While these tools provide a more seamless way to collaborate, they also help move the entire organization forward digitally.
After all, this digital culture shift is crucial for companies to remain sustainable
Encourages digital culture It forces the upskilling and digital learning of team members to reap the benefits of digital transformation.
6. Increased profits
Companies that undergo digital transformation improve efficiency and profitability. Consider these findings reported by the SAP Center for Business Insights and Oxford Economics:
80% of organizations that completed
The digital transformation report increased profits,
85% say they have increased germany telegram data their market share
On average, leaders expect 23% higher revenue growth than competitors.
7. Greater agility
Effective digital transformation makes
Organizations more agile. Borrowing financial management for startups: a complete manual from the world of software development, companies can increase their agility with digital transformation to improve speed to market. In addition to adopting Continuous Improvement (CI) strategies.
This allows for faster innovation and adaptation, providing a path for improvement.
8. Better productivity
Having the right technology tools that work beb directory together can streamline your workflow and improve productivity.
By automating many manual tasks and integrating data across the organization, it empowers team members to work more efficiently.
Examples of companies
That did not invest in efficient digital transformation in time
SEGA
Here we can cite some examples of companies that missed the boat, such as SEGA. The company had successful consoles and games. But its Dreamcast product was not prepared for the success of the PlayStation 2 and the video game was abandoned in 2001.
Another great case is Kodak, which dominated
Photography for many years and was a pioneer in the development of digital cameras. However, it was reluctant to market its product in 1975.
In the 1990s, it attempted a slow transition to digital photography. However, it closed its factories in the 2000s. It filed for bankruptcy protection in 2012, announcing the end of production of digital cameras and video cameras. Now, it is betting its chips on printers, in a belated attempt to reinvent itself.
Blockbuster
Video rental stores have also seen their downfall as the rise of downloads, TV plans and streaming services has led to a decline in DVD and Blu-ray rentals.
Blockbuster’s bankruptcy meant the loss of millions of dollars. The company was aware of the threat of digital media from the beginning. It could have used its strong name to rebrand itself, launch a competitor to Netflix, and drive its customers to a digital service. But unfortunately, that didn’t happen.
Innovation is the key to success
It is often necessary to reinvent and transform yourself to remain in the market, well before losses threaten to appear.
The luxury jewelry store Tiffany’s is an example: before becoming famous in this world, it operated as an emporium selling stationery and sophisticated goods. It sold ornaments, watches, belts, skin and hair products and dinnerware.