Spending on digital transformation technologies and services worldwide from 2026 is forecast to reach 3.4 trillion U.S. dollars… The digital transformation market size is forecasted to grow at a compound annual growth rate of 19.1%, from $521.5 billion in 2021 to $1247.5 billion in 2026, as stated in Markets and Markets.
In today’s rapidly evolving digital landscape, digital transformation is no longer a luxury but a necessity for businesses to remain competitive and relevant. Organizations that fail to adapt risk being left behind.
Source: Statista
That’s why we support any business to cope with this transformation and start to go digital in today’s digital updates.
Let’s start with the full meaning of Digital Transformation.
Digital transformation refers to the adoption of digital technology and tools to improve business operations, enhance customer experience, and drive growth in an organization.
It involves a fundamental shift in the way companies operate, leveraging emerging technologies such as cloud computing, artificial intelligence, and the Internet of Things (IoT) to streamline processes, automate tasks, and gain insights into customer behavior.
These 5 steps will help you design the best digital transformation road map for 2023:
1- Evaluate your business’s current state:
- What are the current processes that are working properly?
- Where can we improve?
- What and where are the system gaps?
- What are the changes that are expected to happen as a result of using the digital transformation roadmap?
2- Set your business goal to achieve through Digital Transformation:
The misconception is that digital transformation is a destination, but it’s important to understand that customers’ expectations are constantly evolving and should guide the direction of your business. Therefore, digital transformation is an ongoing process that has no definite endpoint.
3- Select proper software tools and new technologies that accelerate your transformation:
- Digital adoption platforms (DAPs)
- Feedback-gathering tools
- Training materials
- Employee communication channels
4- Build a transformation-ready culture
Make sure to involve employees before making any changes as they will see the value in the new digital initiatives.
5– Secure investments in agile project management
Agile project management can provide the perfect environment for implementing, testing, and responding to change. It replaces traditional management tactics and facilitates reviewing the set plan.
One of the key elements of value-driven digital transformation strategies is business workflow automation, which enables organizations to automate their business processes and set the foundation for a new and powerful approach to application development. This is the way of automation that drives organizations to more robust applications, improved operational efficiency and increased organization’s speed and agility.
Among others you will need to acquire approaches and solutions to start your business digitalization plan. These approaches are the most advanced technologies to turn your business workflow go systematic.
Here is a list of the best used solutions for business process automation:
- Process Cloud Service (BPMN based)
- Content Management (for archiving)
- Integration Cloud Service (for integration)
- Digital Assistant (for AI and ML)
Conclusion:
Digital transformation is a method of using digital technology to digitize the production process, services, or non-digital operations that are done manually. The goal of its implementation is to increase the productive capacity of people, processes, and the organization.
This will raise performance through innovation, invention or customer experience and efficiency. This will secure you and your business significant benefits such as: understanding and visualizing processes, improving, and focusing on workflow, spotting bottlenecks and weaknesses, saving time, reducing costs, and improving return on investment.
