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A Guide to Digital Transformation People make the mistake of confusing digital transformation to mean altering ones mode of processing things. Meaning, a means to digitize or computerize an existing physical or material adaption into a digital form mainly for efficiency. What this does is to transform paper form into electronic forms, like cash becomes computer information or bits, paper documents becomes paperless forms, logs and invoicing of sales transactions become sales force automation and ERP. There is more to digital transformation that what we have seen in its essence. If we stop at the digitization part of the definition, it actually missing a lot of things because this actually means a digitally transformed business that involves the entire ecosystem of the business. The supply chain, partners, customers, crowds, and employees are included in all of these. Stopping at digitization alone misses the transformation part which designs everything or transforms everything from the physical and material into a virtual form. And there are a multiple good reasons for that. When we speak of digital transformation then we are speaking more than digital products and services, but about the processes that create, enable, manage, and deliver them in a virtual arrangement.
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If a business falls on the wrong side of this transformation a good reason for this is the lack of data processing in real time. This has always been the shortfall of our traditional bearing. And today when it comes to identifying opportunities and determining risk, analyzing data and historical data mining is very critical since we are living in a fast paced age.
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By using real-time insights to enable customers, workers, supplier, and machines to seize opportunities immediately and take collaborative action at the moment of greatest impact is to have a managing edge over all your business resources. To capture the individuality demanded by customers and to improve the economics of your business processes, you need to increase automation, usability, collaboration, and real time processes to improve efficiency. By connecting all your internal business processes, labor, ecosystem partners, and customers, to deliver a new level of transparency is simply creating an added value which goes beyond the boundaries of the enterprise. You can leverage the power of these new networks and reevaluate how to widen the value that you deliver to each including your customers if you are on top of these boundaries. And if new solutions, processes, and business models are developed that are buoyant to your supplies and customers, what you can expect is that it will deliver innovated outcomes strengthened by better tools and updated equipment to comply with those recognized needs. The recurrence of these pattern constitutes the dynamism of these type of transformation. This is a never ending cycle that is developing constantly and if you are behind digital transformation or if you fall on the wrong side of it, you are on your way to extinction.