As a business owner or manager, you need to make decisions today based upon future estimates and projections. With advanced Material Requirements Planning tools, we can provide insights into specific stocking requirements based upon your company’s order history, but past performance is not always a predictor of future performance. With so much disruption in so many markets, what is a business leader to do?
The way we discuss digital transformation has evolved over the past few years. Magazines and tech blogs write article after article, and there is no doubt it has changed much of the business landscape. 2018 is already over half-way over and upon review, there are some clear trends in regard to digital transformation that can be seen. Daniel Newman, CEO of Broadsuite Media Group, compiled these trends in the following article, and will be predicting the trends we may see in 2019. While all of these trends are important to note, one thing is for certain: digital transformation is not just a buzzword anymore.
Change is inevitable. Even in what we once thought were some of the most stable industries, digital disruption is causing many companies to reevaluate their current business model and find ways to adapt to an ever-increasing digital market. The following article lists 3 companies who have truly embraced digital disruption and became wildly successful. With Honey revolutionizing the digital coupon marketplace, Ethos making insurance as easy as a few clicks, and Zola re-imagining a wedding registry online, these are excellent case studies to show how much of an impact digital transformation can make.
Automated systems are a key cog in many modern business practices. Many automated systems are simply more efficient than past practices used to be. That begs the question: can we automate our digital transformation initiatives? Pieter Van Schalkwyk, CEO at XMPro believes it can be done. In this article he details two dimensions of digital transformation: using digitization to (1) improve the way the enterprise operates, and (2) improve how we create value. Van Schalkwyk believes that if you combine the two, and change the way your company creates value on an operational level, the effects can have a 10-fold return. Within this article he details a four-step process to how he generally advises how to automate and scale up digital transformation initiatives.
Jason Bloomberg, a leading IT industry analyst, has been covering the topic of digital transformation for four years at Forbes. Digital transformation was a rather new topic back in 2014, but in today’s business landscape, it has become an essential aspect of any business looking to position themselves for the future. Bloomberg writes about four core characteristics of any digital transformation: being customer-driven, requires end-to-end transformation across the organization, being more about organizational and cultural change rather than technological, and that it does not have an end state. In the article, he breaks down these core characteristics into more, but he does note that one thing is for certain: “the companies that will survive and thrive in the digital era are the ones that deal with change better and faster.”
Digital disruption has been a problem for many retail businesses and media outlets, but it is also becoming a driving force in the way meat packing companies such as Cargill and Tyson are transforming their business models. Cargill, up until now, has had more or less the same business model for the past 153 years, but in the wake of the digital disruption, they’ve had to shift away from it in favor of a more modern, streamlined model. Tyson has also undergone a digital transformation in the past few years, and analysts say that it signals a shift from being just a meat company, to a protein company. This article discusses how digital disruption is transforming the meat packing industry.
Digital Transformation is more than just a growing trend, it has become essential for many organizations. In order to provide your customers with the best experience possible, it is imperative to get started on your digital transformation. While these may not be literal “hacks,” they are some very important tips to help you effectively transform your business to adapt to changes in consumer behavior, particularly when it comes to the digital space.
Security breaches make headlines. We all remember when Apple’s cloud got hacked and a ton of personal data was leaked, or when Sony’s database was hacked and millions of consumers’ financial information was compromised. It gives these big companies big headaches. When it comes to digital transformation, cybersecurity and cloud security can make you stand out among your competitors. No one wants their data at risk, and you don’t want to “hope for the best” as Fortinet’s Patrick Grillo says.
This article contains an excellent six-minute interview with Grillo where he discusses the basics of digital transformation, the lessons learned from companies such as Netflix and GE who’ve been through it, and how the model can be applied to other industries, such as your own.
The Philippines Department of Information and Communications Technology announced that they partnered with the Internet Society to develop the National ICT Ecosystem Framework (NIEF) 2022. They hope to transform the region into economic hubs and innovation centers to ensure that information and communication technology services are made available, affordable and universal for all citizens.