The way in which society operates is fundamentally changing due to the world becoming increasingly digital. Companies are under greater pressure than ever to innovate quickly or risk being disrupted. Terms like “Uberization” are becoming common place as markets are not only being disrupted but often replaced by companies embracing digital approaches.
What does Digital Transformation mean for Business?
“Digital transformation is the profound and accelerating transformation of business activities, processes, competencies and models to fully leverage the changes and opportunities of digital technologies and their impact across society in a strategic and prioritized way, with present and future shifts in mind.”
Digital Transformation is empowering for savvy business leaders.
If executives are turning a blind eye to what opportunities are out there and resting on what’s working today, then they risk being unprepared to compete against more tech savvy businesses. It is important to not only keep a pulse on what your competitors are doing but also on how a new company could disrupt you or your industry.
New applications and strategies to better service clients requires integration.
Your customers and your employees require real time data. If it takes 24 hours to provide a quote to your customer and your competitor can provide it instantaneously and over phone, then how can you compete? Same goes for mobile (customers or your sales team) and e-commerce.
However, real time access to data requires integration with:
- New Applications
- Supply Chain
- Existing Systems
“Take a bit of the future and make it your present.”
― Andy Grove, Only the Paranoid Survive
Integration – API vs EDI vs Rebuilding
Traditionally there were different hurdles for all three of these options. Rebuilding is costly, EDI is not executed in real time, and APIs were extremely complicated.
Recently we have seen an explosion in what is known as the API Economy. This has led to the creation of thousands of secure and easily consumed pre-built business APIs which allow you to quickly and securely integrate with much less development cost.
APIs will ensure your integration projects will:
- Cost Less
- Be Built Faster
- Be More Secure
- Have Less Development Problems
What are the executives’ responsibilities?
What are executives’ responsibilities?
It’s simple – executives, now more than ever, need to be acutely aware of the changes happening in their business environment, and to their customers. That means knowing what is happening today and what is coming over the horizon. They need to know what their customers are thinking and how they are evolving beyond the financial metrics. They need to recruit from all corners of the organization, starting with the front-line staff, because they are the closest to the action.
Front-line employees have the closest relationships with customers. Those conversations are valuable but are often not the focus because they rely on subjective aspects of the client-company relationship. This is especially important in large organizations because businesses miss market opportunities due to poor listening capabilities. The opportunities are there, but are usually lost or hidden in the myriad of conversations that happen up the chain of command from customers to front-line to managers to executive decision-makers.
Why should executives make digital transformation a priority?
The new environment dictates two rules: first, everything happens faster; second, anything that can be done will be done, if not by you, then by someone else, somewhere.
Digital Transformation should be a priority for executives because it is the best way to be prepared for the future. Because everything is happening faster, and the costs of creating new technology and launching a business are getting lower and lower. The only way to prepare is to be really aware of what’s happening at the cutting edge and fringes of your industry.
How can a third party assist with your company’s alignment?
Outside Expertise can lead to a better Aligned Organization
The argument for making Digital Transformation a priority is strong, but how do companies implement changes successfully? What challenges are worth considering?
By working with a trusted advisor, like Able-One Systems, clients have faster implementation times, less development, limited rework, and lower costs.
Able-One Systems offers organizations a third party perspective that summarizes strategic planning priorities. We can help minimize this challenge by helping to decipher the best course of action focused on the right priorities.
Able-One Systems has a team of experts in both executive roles and IT functions. Working with internal teams can help bridge communication gaps. By bringing in impartial experts, whole organizations and individual departments become committed to their digital transformation strategies.
IT providers and outside experts offer more than just technology solutions. They provide peace of mind. They have experience with many different types of technology, and many different implementations. They keep a pulse on where the market is going and can provide competitive advantages.
Would you like to take advantage of our free white boarding session?
The first step is a brainstorming and white boarding session. What are your company’s goals? Where are you going? What are the factors that aren’t being considered?