80% of all managers have long been convinced, that access to decision-relevant information and figures as well as integrated processes are key features for a successful digital transformation. Every change in technology or processes always requires a human consciousness into the necessities of this change, too. The actual situation accelerates the change in consciousness and thus the desire to use the opportunities offered by digitalization.
Therefore, it is important to know how to implement aspects of digital transformation, fast but sensibly, even with a current focus on securing sales and budgets that are questioned. Plus, in doing so, both technical and organisational issues must be considered to generate competitive advantages for the future.
Actual Trends
Today, digital transformation is more important than ever – it is a must. The pandemic accelerates changes. It is altering and calling into question existing business and organisation models. Examples include electro mobility, business travel / collaboration / team models, trade fairs and exhibitions – sales models, people’s consciousness in general, consumption behaviour, financial management.
Those changes and new business models, either necessary or socially expected, disrupt the market and increase the pressure on companies to adapt. Companies must be up to date and meet the demands of customers and employees to stay competitive. Digital communication and meetings, integrated IT systems, workflows, apps for customers and employees, automatically run processes, etc. are expected today. At the same time, these expectations pose major challenges for companies in terms of organizational structure, processes, and IT landscape. Those demands increase the importance of thinking ahead and outside the box and adopting quickly to changing circumstances. Furthermore, they redraw the competitive lines.
Future process views must not be limited to company’s internals but should be directed outwards and include the entire process chain and all participants, embracing
- data mining for the vast amounts of data
- smart data analytics
- transformation and change management
- supply chain transparency
- deep integration – network resource planning instead of enterprise resource planning
Core Topics and Next Normal
Digital transformation is a complex and dynamic process for all companies. The use of technologies must be combined with knowhow and new ideas to build a solid digitalization basis for the future and to enable the next normal. Processes are driven by digital capabilities. Some of the core topics which need to be handled are:
Flexibility and adapting to the rapid pace of change and greater business complexity
Instantaneous access to a unified, comprehensive, and fully up-to-date set of both financial KPIs and performance data
Translating mass data into smart data and into a swift and decisive action
Smart Digital Integration (SDI) of all stakeholders
Advance Digital Transformation
Digital transformation is an ongoing process – whether digital explorer, player, or transformer – the finish line of digital transformation lies high and moves upwards. The aim is to step ahead, to be disruptive, to use digital technologies and to create new digital business models to be well ahead of competition. Digital transformation is necessary, cannot be successful without changes in consciousness – and offers great potential.
The combination of existing IT systems and innovative building blocks – such as apps – into digitalized processes and solutions is a good further step towards that digitalization. Learn more about our smart accelerators and benefit from our know-how.