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What is Digital Transformation?

The business world has seen a massive shift in the last few years toward digital transformation. While it may seem like we are ‘on the other side’, the need for digital transformation for businesses is still on the rise.

Digital transformation is the integration of digital technologies into areas of the business. A complete digital transformation would see all areas of the business examined and reinvented through technology. Digital Transformation is a strategic process that enables business to take advantage of emerging technologies, providing for new opportunities.

Customers are expecting businesses to embrace digital technology to enhance their experience. It will also improve operations and create efficiencies.

Digital technologies and processes allow businesses to not only survive in current markets, but thrive in future. For small business, embracing digital technology can level the playing field with larger companies as they reach a wider audience.

Keeping up with the latest digital trends may be a little tricky, but if you think about the customer journey and how you can make it easier for them, you will realize the potential in a digital transformation.

You can also streamline your processes, reach new customers and automate manual processes to increase efficiency. Respond to customer demands as they evolve and build the infrastructure to take advantage of technologies and gain a competitive advantage.

Modern technology allows us to collect, generate and analyze a multitude of data. This can then assist us in creating a unique and specializes customer service experience.

This technology has become expected of most consumers. Think of how a company like UnerEats has changed the face of your local fish and chip shop. Customers are expecting rapid responses, innovated products and services and the ability to interact with your business through multiple channels. Your customers are expecting an easy to use website, contact via social media and a more personalized user experience.

Your employees are also coming to expect an embrace of digital systems and technologies. We can now work from anywhere and collaborate with people all pver the world. Embracing digital technologies allows your employees to use efficiencies in digital systems and processes. Automation will enable your employees to be more innovative in their approach to the success of your business.

By integrating digital technologies into your business you can increase efficiency, productivity, responsiveness and gain insight to improve customer service.

How do we develop a strategy for a digital transformation?

You need to start with a vision. What do you want the digital transformation to accomplish for your vision? Why do you want to implement a digital transformation? Who will be involved?

Brainstorm any ideas you have and start to come up with a plan as to how to implement a digital transformation. You may require additional learning so you know which technologies you would like to apply and what their return on investment would be.

As with any strategy you want to implement in your business, you need to understand your business, the market and existing and future trends. Assess your current capabilities and identify what will be needed to complete the digital transformation. Once you have these identified, you can create a roadmap of the digital transformation.

Measuring a return on investment may not be easy as some of your goals for a digital transformation may be intangible. You will need to identify your goals for the digital transformation and determine the costs, including labor.

Digital Transformation is not something you can do once and forget about. It is an ever evolving strategy for your business. Your business will need a culture that embraces new technologies and the opportunities that come with it. Your team will need to be able to help you identify any outdated systems or processes that could be replaced with a new digital process.

The ultimate goal for a digital transformation is to use technology to improve operations, the customer experience and drive growth. Be embracing digital solutions, your business can continue to thrive in the rapidly changing and competitive modern world.

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