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Going digital stopped being a buzz term long ago. The statistics claims that nearly half of the world population is active internet users. No wonder that exploring the world or doing business at the fingertips are not trends but an everyday necessity. With the myriad of opportunities, it’s not difficult to digitize your business with the help of software, digitizing your data and apps means to be on the same page with global tendencies.
Digital transformation or digitalization integrated into every aspect of the society, including businesses, government, healthcare, mass media, science, etc. It became a driver for companies’ internal operations and external activities. Digitalizing as a global phenomenon provokes fundamental changes in how companies operate and how they deliver value to their customers.
What does it mean to go digital for business or to digitize your business?
The increasing investment by businesses in digital initiatives are dictated by the customers who expect services and products delivered to be fast and efficient. This basically means the transformational steps for any business engaging technological advancements step by step, starting from paperless processing and up to heavyweight VR and blockchain. In fact, mastering digitalization is about establishing an updated layer for future new tech applications for making a life of the enterprise more streamlined and introduce new quality of customer experience.
In the struggle to actively embrace the digital trends, the companies move their products and services into the digital environment and build new business models in order not to be left behind. As an example, digital innovators like Magnetize, PayPal, Uber, Airbnb realize conventional, business/ job scheduling , hospitality, financial, retail and transport industries in a completely different manner. And they prove to be successful.
Businesses that do not get accustomed to change soon will become on the verge of extinction.
So, digitizing your business delivers multiple benefits like reduced costs, increased security, and improved productivity to name a few. Among the whole vectors of digital transformation, we’ll touch upon 2 aspects of the digital environment: data and mobility.
At information-driven world, it’s data we keep in mind when thinking about digital trends. Making your data digital helps you build a better business.
Firstly, you save on costs and time. Documents in digital format stored in the cloud optimize your expenses. Less office space, fewer folders, less paper, fewer resources to operate on them physically. Printing, sorting, filing requires tons of billable working hours instead of a few clicks of a mouse.
Secondly, you get enhanced performance and productivity. With all the critical business data available in real-time on a mobile device, you and your employees access it any time from virtually everywhere, starting from comprehensive financial information on stock quotes, market data, communication with customers in an efficient way and up to field workers able to communicate all the changes right away.
Thirdly, and vitally. Your data is secure. Needless to mention vulnerability issues when working with physical documents, issues, etc. Sophisticated modern security restrictions to protect data really work well throughout all the industries and vectors globally.
The Generation C
The hyper-connected digital ecosystem generated the need for the companies to offer exclusive and personalized services for their clients.
Also the The Generation C (“Connected”) Remember these are not just staff they are clients and suppliers prefer to interact with service providers via mobile devices and won’t spend time nor efforts for physical presence in a bank to make a transaction, to book a flight at the airline’s company office, or to drive to a restaurant to make a table reservation. Today we would rather enjoy consistency and around-the-clock availability from the providers looking at the screen leveraging the whole capabilities of smartphones.
Connected business in the connected world
There is hardly an industry in the modern environment which is immune from disruption. Every business owner is obliged to invest in a strategy, to make a move in order to adopt the technology. The immense potential of the cutting-edge technologies accompanied by connectivity and personalization unlocks new opportunities for businesses, opens new markets and inevitably brings revenue.
Transformational opportunities are capable enough to digitize your businesses so it is ready to respond to the needs of the modern environment. Those are here to help you rely on real-time intelligence, manage your vital data, adopt techniques and methodologies to boost productivity, enable smooth interactions and make your business profitable and value-bringing to everyone dealing with it.
For more information check out our website www.magnetize.co.nz , take our complimentary digital Health check to see drop us an email or give me Paul Lyons a call on 021 931 974.