Ready or not, digital transformation is reinventing business, as we know it. Every enterprise, including yours, now faces a choice between innovation or extinction. Digital transformation is not specifically about i.t or technology. It’s about redefining your entire business strategy.
Perhaps even changing your corporate culture to succeed in digital, your company should think of technology, not just as a support function, but as a strategic competency. Digital transformation is not just about applying technology to your business. It’s actually about creating entirely new business models on the backbone of technology. Amazon.Com was not just a shop with a website it forever disrupted and revolutionized the entire concept of shopping and more, it’s now imperative for every business to adapt to and take advantage of the ways.
The digital world has radically changed consumer behaviour and expectations. Your customers, your channels and your competitors have already gone digital. As of 2017 mobile devices dominate the total minutes spent online searching reading email browsing and buying that’s globally from 71 to us to 91 in Indonesia and 67 per cent of millennials 56 per cent of gen Xers 41 baby boomers and 28 seniors prefer to shop online. Rather than in-store – and it’s not just for retail consumers, 55 of b2b buyers say they search for product or vendor information on social media and according to a 2017 cloud crate study, 55 of b2b buyers expect mobile access to a seller’s e-commerce platform. Even your own products, employees and business operations are already dependent on digital technology.
The digital transformation continues to accelerate for two main reasons. First, technology is evolving at an exponential rate. Second, data is far more plentiful and usable. Mastering emerging technology has always made the difference between companies being competitive or barely keeping up. What makes today’s digital transformation different is the extreme importance of data, not just big batches of data, but real-time data about your consumers, data about your competitors, data about your supply chain, and data, about your markets, having this data and knowing how to use it pulls your Critical business decisions out of the shadow of opinion or guesswork and brings intelligent options into the light instantly, so your business can do new things and do things right.
The digital transformation has the potential to level the playing field. It provides low-cost tools and enables strategies that give small and medium-sized businesses a fighting chance to compete at the same level as major enterprises. Successful companies that have disrupted the entire industry often did so by changing business models and processes in ways that vastly improve the customer. Experience data is what makes these new models possible. Digital transformation depends on data, and data depends on effective collection, cyber security analytics and application get the data to protect the data and analyze it.
The data then utilised the data. These are the essentials of a digital transformation, and these are the essential skills that your company will either have to outsource, hire or train and upskill from the inside. Do you have a digital transformation strategy? According to a 2017 forester report, 74 business executives say their company has a digital strategy, but only 15 believe that their company has the skills and capabilities to execute that strategy. [, Music, ], digitally transforming your organization changes everything.
It changes your corporate strategy. It changes your business processes, it changes your marketing capabilities, and it even changes the roles and skills you need to fill in order to bridge the gaps between your company and the technologies. You need to master simply learn is here to help you on this path, specializing in online team training for the digital economy, simply learn offers hundreds of certification courses and technologies and practices that are essential for this transformation. [, Music ] contact simply learn today to learn how our online learning programs can keep your team on the well-sharpened edge of digital transformation. [ Music, ]
Transformation! 
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