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Why is Digital Transformation Important?

December 28, 2020by scv137

Why is Digital Transformation Important?

Digital transformation is changing the way an organization operates. Systems, processes, workflow, and culture are all evaluated. This transformation affects each level of an organization and brings together data across areas to work together more effectively.

By taking advantage of workflow automation and advanced processing, such as artificial intelligence (AI) and machine learning (ML), companies can connect the dots on the customer journey in a way that wasn’t possible before.

8 Benefits of Digital Transformation

For many companies, the driver for digital transformation is cost-related. Moving data to a public, private, or hybrid cloud environment lowers operational costs. It frees up hardware and software costs while freeing up team members to work on other projects.

1. Enhanced data collection

Most businesses are collecting mountains of data on customers but the real benefit is optimizing this data for analysis that can drive the business forward. Digital transformation creates a system for gathering the right data and incorporating it fully for business intelligence at a higher level.

It creates a way that different functional units within an organization can translate raw data into insights across various touchpoints. By doing this, it produces a single view of the customer journey, operations, production, finance, and business opportunities.

2. Greater resource management

Digital transformation consolidates information and resources into a suite of tools for business. Rather than dispersed software and databases, it brings together company resources all into one place. The average number of applications used in enterprise businesses in 2020 is 900. That makes it exceptionally difficult to provide a consistent experience. Digital transformation can integrate applications, databases, and software into a central repository for business intelligence.

Digital transformation is not a department or functional unit. It encompasses every area of a business and can lead to process innovation and efficiency across units.

3. Data-driven customer insights

Data can be the key to unlocking customer insights. By better understanding your customer and their needs, you can create a business strategy that is even more customer-centric. Using both structured data (personal customer information) and unstructured data, such as social media metrics, these insights can help drive business growth.

Data enables strategies to provide more relevant, personalized, and agile content.

4. An overall better customer experience

Customer expectations are sky-high when it comes to their experience. Customers have gotten used to having endless choices, low prices, and fast delivery. Customer experience (CX) is the new battleground. Gartner reports that more than two-thirds of companies say they are competing mostly on customer experience. In 2020, they expect that number to rise to 81%.

Accenture reports that CX “has emerged as the key driver of sustainable business growth.”  They suggest that even a single point increase in CX scores can results in millions of dollars in annual growth.

5. Encourages digital culture (with improved collaboration)

By providing team members with the right tools, tailored to their environment, digital transformation encourages a digital culture.

While these tools provide an easy way for collaboration, they also help to move the entire organization ahead digitally. This digital culture will be crucial in the future. It forces the upskilling and digital learning of team members to take advantage of the benefits of digital transformation.

6. Increased profits

Companies that undergo digital transformation improve efficiency and profitability. Consider these results:

  • 80% of organizations that have completed digital transformation report increased profits.
  • 85% say they have increased their market share.
  • On average, leaders expect 23% higher revenue growth than competitors.

7. Increased agility

Digital transformation makes organizations more agile. Borrowing from the world of software development, businesses can increase their agility with digital transformation to improve speed-to-market and adopt Continuous Improvement (CI) strategies. This allows for faster innovation and adaptation while providing a pathway to improvement.

8. Improved productivity

Having the right tech tools that work together can streamline workflow and improve productivity. By automating many manual tasks and integrating data throughout the organization, it empowers team members to work more efficiently.

scv

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    로드스탁과의 레버리지 스탁: 투자의 참신한 지평

    로드스탁에서 제공되는 레버리지 방식의 스탁은 주식 시장의 투자법의 한 방식으로, 높은 수익률을 목표로 하는 투자자들을 위해 매력적인 옵션입니다. 레버리지를 이용하는 이 방법은 투자자가 자신의 투자금을 넘어서는 투자금을 투자할 수 있도록 함으로써, 증권 장에서 훨씬 큰 힘을 가질 수 있는 기회를 공급합니다.

    레버리지 방식의 스탁의 원리
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    투자 계획과 레버리지 사용
    레버리지 사용은 특히 성장 가능성이 높은 사업체에 투입할 때 효과적입니다. 이러한 회사에 높은 비중으로 투자하면, 성공할 경우 막대한 이익을 가져올 수 있지만, 그 반대의 경우 많은 위험도 감수해야. 그렇기 때문에, 투자자들은 자신의 리스크 관리 능력과 장터 분석을 통해, 일정한 기업에 얼마만큼의 투자금을 투입할지 결정해야 합니다.

    레버리지 사용의 장점과 위험 요소
    레버리지 방식의 스탁은 상당한 이익을 약속하지만, 그만큼 상당한 위험도 따릅니다. 주식 시장의 변동성은 예측이 힘들기 때문에, 레버리지 사용을 사용할 때는 늘 시장 동향을 세심하게 주시하고, 손해를 최소로 줄일 수 있는 전략을 마련해야 합니다.

    맺음말: 신중한 결정이 필요
    로드스탁을 통해 제공된 레버리지 방식의 스탁은 막강한 투자 도구이며, 적절히 활용하면 큰 이익을 가져다줄 수 있습니다. 그러나 높은 위험성도 고려해야 하며, 투자 결정이 충분히 많은 정보와 신중한 고려 후에 진행되어야 합니다. 투자자 본인의 재정 상황, 위험 수용 능력, 그리고 장터 상황을 반영한 안정된 투자 방법이 중요하며.

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