There has been a sustained shift in the face of the business as a result of use of digital technologies. Digital transformation may not be the ultimate term to use in describing the areas it covers. Often, some people prefer using the term digital business transformation so as to get in line with the business aspect. Digital transformation is used as an umbrella term to cover changes that are not only in business but evolution and modifications in other areas like, the government and society.
Digital Business Transformation Areas
Changes in Business Processes
Business processes that include one or more connected activities, operations, or sets geared towards achieving a given business goal, whereby business process like management, optimization, and automation come into the picture. In most cases, business process optimization is integral in digital transformation strategies and is mainly customer-facing.
Core Business Models
A business model covers the functionality of the firm right from the marketing strategies, the means of seeking money and how it effectively transforms its main business and taps into novel sources of revenue and approaches, and sometimes having to drop its traditional core business after some time.
The partner and stakeholders networks, inclusive of the factors that affect the business such as the regulatory or economic priorities make up the business ecosystem. Companies built new ecosystems based on digital transformation, and information whereby actionable intelligence and data become core innovation assets.
There are several other areas in which digital business transformation touches.
Why it is Important to Digitally Transform your Business
Ideally, digital transformation is the process of transitioning the entire business from a traditional platform to a new digitally efficient model. While there are several aspects of digital business transformation; this article will address its importance in sales and marketing.
The speed at which E-commerce is being adopted is high and the old methods of advertising have been kicked off. The use of phones and mail has been outdated and may people have turned to the internet.
Businesses that are service oriented as compared to retail are in much trouble if they are not digitally evolved. In this era, people are no longer using the Yellow pages to search for firms and other such information; instead, they search online for all information. Online platforms provide all the relevant information on the company as well as providing evidence through customer reviews.
In conclusion, Digital Business Transformation is the ultimate change management challenge. It has a significant impact on the organizational structure and strategic positioning and affects all levels of the organization and its extended supply chain.
The Essentials of Companies – Revisited
Getting To The Point – Options