Digital transformation — It’s something you’ve probably heard about, but is it something you are actually embracing in your organization? Digital transformation isn’t a nebulous concept. It’s your business’ ability to adopt the digital technologies relative to your industry and to use those technologies to increase profits, decrease inefficiencies, and generally outpace your competitors.
When it comes to digital transformation, usually abbreviated in the tech industry as ‘DX’, the precise technologies you need to adopt depend on your particular industry. Generally, there are several categories of products and services that are applicable to all industries equally — including cloud computing, mobile technologies, the industrial Internet of Things (IoT), and data analytics to help manage it all. Here are the technological innovations your company may need to adopt for a digital transformation.
Digital transformation through cloud computing
Cloud-based products aren’t just less expensive than their on-premises counterparts. Cloud software and storage free the business in many ways.
- First, the cloud frees up space, because there’s no need for server rooms and data centers.
- Second, it simplifies HR because there’s no need to hire tech professionals.
- Third, it enables the business to be agile.
As new products become available, you can adopt them immediately without having to conduct drawn-out implementation processes. You always have access to the latest software versions, because the cloud vendor keeps your business updated with no interruption to your service or operations. No digital transformation is complete without cloud computing.
Digital transformation through mobile technologies
Mobile is second on the list, because cloud computing is so pivotal in enabling mobile technologies. Today’s mobile marketplace is widely disparate. For every Apple device out there, there are about two Android devices, each with different operating systems. That makes it difficult for businesses to handle mobile technologies in-house because they would need developers for each of the specific devices and operating systems in use on their network. With the cloud, MDM, or mobile device management, can be wholly outsourced.
Nevertheless, mobile is essential for running a business today. Employees may need mobile access to do their work, customers may demand mobile access to their accounts, and it may be a good idea to allow your vendors and suppliers to have visibility to your inventory in order to improve vendor and supplier relations.
Digital transformation through the IoT
Increasingly, businesses depend on digital devices to track critical business operations, deliver valuable BI, and to monitor their workforce, machines and equipment, and processes. The Industrial Internet of Things is comprised of all the monitors, sensors, mobile devices, and other gadgets that collect valuable business data and report on it for real-time BI. The IoT impacts all businesses in the era of DX, from manufacturers and warehouses to bankers and financial institutions to retailers and wholesalers.
Digital transformation through data analytics
Data from cloud computing, mobile devices, and IoT is critical for BI, but leveraging it requires systems and software to collect the data, integrate data from various sources, and analyze it for valuable BI. Most software products in the age of DX are capable of collecting, integrating, and analyzing data from disparate sources. There are also products available to offload data from one system to another for data analysis. Part of embracing DX is enabling data analytics for real-time BI and operational intelligence.
Is your business successfully navigating DX, or could you use some help in one or more of these areas? Contact us. Let’s discuss your particular needs and find the right solution together.