5 Ways Digital Transformation Benefits Your Business - ERP Cloud Blog
 
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Greg Vargo, Circle City Software Solutions

5 Ways Digital Transformation Benefits Your Business


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If you operate a business nearly anywhere in the world, you’re aware of how technology is growing by leaps and bounds. Digital transformation means applying evolving technology to your business processes, procedures, and strategy to benefit your organization and keep you moving ahead in our rapidly changing world.

Digital transformation of your business can seem daunting, but when you think of it, you’ve already moved from ledgers and rolodexes to ERP (Enterprise Resource Planning) and CRM (Customer Relationship Management) software. That’s the beginning of digital transformation, but there is so much more to get excited about.

Digital transformation is not just about technology. It’s not intended to replace the human element; rather, new tools, new ways to connect and collaborate, and new ways to use your business data allow your management and your teams to work smarter, more efficiently, and more profitably.

We’ve identified five ways that digital transformation can benefit your :

1. Business at the Speed of Thought

Digital transformation makes your processes and decision-making faster. You’ll be able to make informed proactive as well as reactive decisions quickly when you have all the relevant information at your fingertips. Data concerning trends, preferences, and past customer experience can be harnessed to help you assess your current practices and drive your future growth.

2. Collaboration and integration

Digital transformation facilitates collaboration. Data previously held in silos in various departments can now be shared throughout your organization. When everyone has access to the same data and the same digital tools, it’s easy for them to collaborate, share ideas, become better informed. Barriers are broken down, and innovation and multi-disciplinary team building will result. Best ideas can come from anywhere in the organization. You’ll also be able to integrate every aspect of your operations, from supply chain to social media.

3 – Upskilling

Digital transformation is the ideal opportunity to upskill your entire team. If you have a multi-generational workforce, there may well be a ‘digital knowledge gap.’ Those in decision-making positions may not have the digital skills that are second nature to younger digital natives. That gap could cause internal issues when it comes to devising and executing strategies. Digital transformation will facilitate inter-generational dialogue and idea-sharing.

4 – Improved marketing and customer care

Digital transformation gives you a much better handle on your data, including customer data about purchase history, preferences, and opinions. Armed with this data, your marketing department can design more compelling ads and targeted campaigns. You can also use the analytical power of software packages and algorithms to predict trends on both a macro- and micro- (i.e., more personalized) level. When you digitize your business, you’ll find that you know what your customers want even before they do.

5 – Cost-savings plus

Digital transformation will save you money in the long run. Of course, as with any technology, there will be upfront costs. But the benefits and ROI (return on investment) will be seen very quickly. You’ll save through greater efficiency and increased growth. Digital transformation will allow your company to be more agile and put you a step ahead of your competitors. Digital transformation can make your business not just profitable but also relevant and sustainable.

 

Ultimately, digital transformation is about empowering the people in your organization to work smarter and enabling your business to exploit previously inaccessible opportunities.

If you’d like more information about how digital transformation can benefit your business, contact our experts at Circle City Software Services.

By Circle City Software Services, www.ccssindy.com

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