ARTIKEL — October 08, 2021

Top Business Rationale for Digital Transformation

COVID-19 is the latest event in our lifetime to illustrate how much businesses, markets, and leaders are dealing with uncertainty. With the wave of change, almost all the companies will need to adopt digital tools and transform into digital businesses in order to stay competitive.

Here are some key reasons why digital transformation is a strategic move for business longevity:

Faster Innovation

A data-driven approach is one of the best ways to assess a developing project. By using analytics, companies can identify upcoming changes and shift more quickly as a response. This flexibility is what digitally mature companies have. They look at old problems by using data and gain a new perspective that allows for faster solution finding, reinvention and innovation.

Modernize The System

Keeping up with current technology is another important investment for companies. Updating your management and operational tech into a cloud-based IoT ecosystem will help lower operating costs, save you from overuse of technical operators, and add front-and back-office automation for top efficiency. Modernizing your system will give greater agility to compete in and capture the market.

Industry Dynamics and Growth

In consumer-oriented industries, digital transformation is helping companies to capitalize on direct-to-customer (DTC) opportunities. DTC allows the company to rebuild a new customer relationship, for example, in the traditional business-to-customer (BTC) model, a retailer like Walmart works with manufacturers and distributors and sells products to consumers. With DTC, the companies sell their brand directly to the consumer through e-commerce sites or branded retailers.

According to Away, the travel company, since they've established the company as a trusted source of travel information, they gain a massive instagram followers, and their website receives around 800,000 monthly views. The company has generated revenue from it’s DTC business $125 million in less than three years. Such results clearly demonstrated how digitization can help companies capitalize on changing market dynamics and customer behavior.

Resilience

Unexpected events like the pandemic can prove to be devastating to businesses. Companies today need to be resilient to quickly recover from shocks. Digital transformation can increase resilience by improving several operational aspects in the company such as maximizing cloud computing in order to meet the scalability of market demand, using machine learning to identify customer behaviour, and utilizing cyber capabilities to secure newly launched projects.

In terms of innovation, digital transformation can be done in various ways and you have to decide quickly and wisely. But, don’t be wrong, consult with our IoT Experts to make sure your transformation goes well.

NEWS — Dec 16, 2020
How Executives Can Accelerate Their Companies’ Journey to Cloud

In order to digitize quickly, enterprises need to migrate to cl

READ MORE >>
NEWS — Feb 24, 2021
In Today’s Rapidly Evolving Marketplace, Increasing Business Agility is the Answer to Stay Ahead

Businesses’ focus has evolved from facing difficult situation

READ MORE >>
NEWS — Sep 10, 2019
From Point A to B, Right on Time: 3 Ways IoT Can Improve Your Fleet’s Movement

We have reached the time where the transportation industry goes

READ MORE >>
NEWS — Mar 11, 2019
Are You Doing Enough to Protect Your IoT Driven Company?

IoT is paramount for business growth. New devices and solutions

READ MORE >>
NEWS — Apr 23, 2021
The Guide to Choosing the Right RPA Tools for Your Business

By implementing the RPA tools that suit your needs, you can eas

READ MORE >>
NEWS — Aug 19, 2020
How IoT Technology Increases Resilience for Public Transportation

READ MORE >>
NEWS — Sep 27, 2021
The Significance of Workforce Training to Ensure a High-Class IoT Based Company

In the fast-paced technology and work changes, how does the com

READ MORE >>
NEWS — Mar 17, 2021
Things IoT Integration Can Do for Your Business’ Recovery and Future

When it comes to refining your strategy to recovery while gaini

READ MORE >>