Digitalization: Significance of Implementing Digital Transformation in the Modern Era
Digitalization and digital transformation are often mistaken as synonymous terms, but they represent different technical concepts, each of them carrying a unique effect for your business. Furthermore digitalization improves the processes whereas digital transformation helps organizations to restructure their technical advancements.
What is Digitalization?
Digitalization is transforming manual processes into digital ones, by giving traditional methods a digital makeover. Gartner’s glossary defines it as the utilization of digital technologies to reshape business models to create new avenues for revenue and generating value.
Here are some basic perks of digitalization:
- Day-to-day operations: Digital technology is integrated into daily tasks, which enhances overall efficiency and productivity.
- Business Advantages: With digitalization, businesses can optimize their operations, making them more streamlined, standardized and effective.
- Information Transmission: Digital information can be easily transmitted and stored compared to analog information, resulting in time and cost savings.
As a result, digitalization serves as a key strategy for a more profitable and efficient business. It involves automating previously manual tasks, such as using software programs for report generation instead of relying on spreadsheets or paper-based processes.
Additionally, it may include using digital devices to perform tasks which were traditionally offline, such as making restaurant reservations, booking hotel and flights with one click, or purchasing movie tickets via a smartphone and much more.
What is Digital Transformation?
Digital transformation is one step ahead of Digitalization. Instead of just converting the whole process to digital, it also involves reshaping the process of how a company or an organization works. Below are some of the aspects of Digital Transformation:
- Inclusive procedure: With digital transformation; companies transform their core operations with a standardized technology. It aims at making the transformation more efficient for the customers. Digital transformation is not only about the technical aspect but it also transforms how people in the organization think, shape organization’s structure, how processes are performed and decisions are taken.
- Client Demands: Meeting consumer demands is one of the most important aspects of any business today. By providing solutions like online ordering, booking online tickets, etc. consumers are at ease and loyalty is sustained.
- Technology Innovations: New technologies like artificial intelligence, data analytics, robotics, and IoT creates opportunities for companies on how they work and provide better services to their customers.
Digital transformation has helped the companies be updated with the changes in the competitive environment. It helps them to stay upfront in the competition and keep innovating new things, procedures that help the consumers. Only digitally mature organizations that have benefited from digital transformation could manage and make rapid adjustments to allow their employees to work from their safe spaces.
According to Gartner, 87% of senior business leaders favor digitalization, and 91% of enterprises actively participate in digital efforts. Furthermore, 89% of businesses have either adopted or have on their agenda the implementation of a digital-first corporate strategy.
Most organizations were compelled to make quick decisions concerning digital technology implementation to accelerate their digital transformation route and take advantage of its full potential.
Organizations can improve their operations through digital transformation. A core digital transformation strategy must be implemented across all areas of an organization that utilizes digital technology to transform business models or processes.
By 2025, the World Economic Forum foresees a $100 trillion boost to the world economy through digital technology implementation, with two-thirds of this value attributed to platform-driven interactions. The adoption of technologies is expected to benefit three out of every four businesses to navigate new markets and industries by 2025.
ERP: A Vital Step Toward Digitalization of Taffard Fabrics (New York based fabric manufacturer company)
Jupical.io has truly improved the way businesses adopted digitalization for a New York based fabric manufacturer company. This company was habituated to manual record-keeping and operations, being dependent on human effort to manage various processes. After getting in touch with Jupical.io’s team, they focused on bringing not just expertise but a transformative vision.
Previous methods adopted by the Company:
Previously, the company maintained records on paper, a time-consuming and error-prone task. After recognizing these challenges as the business expanded, Jupical.io proposed a shift to digital operations. The initial step involved transitioning from manual record-keeping to Excel sheets, providing a more organized approach.
However, with the company’s continued growth, the Excel-based system proved to be unmanageable. Jupical.io, understanding the evolving needs of this company, recommended implementing an ERP solution. ERP’s solution has not only one objective of keeping data records in one system but ERP also helps in designing a corporate website and generating leads to boost the sales.
Adoption of Digital Transformation:
Taking the digital transformation a step further, Jupical.io crafted a ERP system from scratch. Now, the company could seamlessly manage everything from manufacturing to sales through this one platform. The impact of this forward-thinking approach has been remarkable, driving growth across various facets of the business.
Business Impact:
Streamlining operations has been a key outcome, allowing the company to operate more efficiently. The reduced dependency on manual labor has freed up manpower to focus on critical tasks, ultimately enhancing production capabilities. Sales have seen a notable raise thanks to the user-friendly website, while marketing efforts have gained efficiency with digital tools provided by the Jupical.io’s team.
Moreover, the system was designed with a capability to handle inventory and has brought about a significant improvement in overall inventory management. This approach to digital transformation has not only modernized the company’s operations but has also translated into real benefits, making it a compelling case for businesses considering a similar journey.
And it’s the wrap..
As we wrap up, 2024 marks the era of digital transformation for companies. In this competitive market, businesses of all sizes need a solution to thrive and grow. Whether big or small, every business must embark on a transformational journey to stay relevant.
As your business expands, consider Jupical.io as your primary tech partner. We can guide you through various digital transformation processes using different technologies. Jupical.io has already made its mark globally and continues to grow with evolving market trends. Our aim is to assist you in digitizing your business to meet all your requirements.
Let’s connect through a demo call and work together to digitize your business, ensuring it reaches new heights of success.
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