We live in a constantly changing world. Nothing will remain the same for long. Enterprises and employees alike need to accept the change and adapt to it if they want to stay relevant in the competitive market. Changing technology can either disrupt a business or bring about new opportunities.
In many cases, both happen, and that too simultaneously. Among the various changes that are taking place in the market, digital transformation is the biggest and fastest one. Enterprises in various industries are in a hurry to digitally transform their business and gain an advantage over the competitors.
But is it as easy as it sounds? Is digital transformation a single change that will digitalize the business and bring more opportunities to excel? It is a uni-dimensional process in which only the business system is streamlined? Or will employees be asked to adopt the changes first?
It is necessary to take up an in-depth digital transformation case study and check out how different top brands have successfully implemented and adopted digital transformation. This will help enterprises understand the types of digital transformation and how each of them should be given equal importance at various stages of implementation.
Business Process Transformation
What are business processes? The collection and use of data, the tools used for the purpose, the applications required to perform day to day business activities, the software solutions that help simplify the task and connect all systems in the enterprise, etc. are some aspects that add value to the business.
The processes deal with specific and areas of the business and need special care in choosing the right software application to adopt digital transformation. AI tools are quite commonly used. However, not all tools will deliver the kind of results the enterprise wants. Understanding business processes is essential to pick the right tool.
Business Model transformation
This is bigger and wider than process transformation. The focus of this type lies in changing the very basics or the building blocks of the business model. It involves things such as automating operations, migrating the system to the cloud, revamping the entire infrastructure to invest in the latest technology, and changing the way the output is delivered to the end-users.
The top management plays a crucial role in deciding how and when the transformation will take place. This move will bring significant changes in the enterprise and is a time-consuming process.
Business Domain Transformation
Very few enterprises seem to be focusing on this type of digital transformation. Amazon is one such company that did great with domain transformation by launching AWS, which is giving tough competition to other top IT companies.
The boundary between different technologies is blurring. The gap between enterprises and technologies is also reducing. Businesses have the advantage of using and accessing the latest technology such as AI, IoT, Data Science, and Big Data, etc. can be leased or purchased from various AI companies in the market.
Without training and preparing the employees to accept and adopt digital transformation, the enterprise cannot become successful in the market. Training employees has to be done on different levels, where employees have to learn how to use the new software and also have the mindset to accept the changes taking place in the enterprise. Enterprises can make use of various digital transformation case study articles to explain to employees how the process is advantageous to them.
Enterprises can contact the top AI companies in the market to create a plan of action to implement digital transformation and choose the right kind of AI applications for the business.