Technology

7 Top Reasons Why Digital Transformation Is Crucial for Business Growth

Negi

Negi

July 14, 2022
7 Top Reasons Why Digital Transformation Is Crucial for Business Growth

Even before the pandemic, creative and game-changing technologies were entering the workplace, allowing companies to innovate and thrive in an expanding digital world. However, when 2020 arrived, everything intended to take years had to be completed in months or less.

The disruption of the work and business ecosystems created a whole new world addressed by digital transformation, and most companies have increased their efforts to adapt to this unexpected change. 

According to Dell’s Digital Transformation Index 2020, which polled over 4000 company leaders worldwide, eight out of ten organisations accelerated their digital transformation programmes in 2020. Furthermore, 89% of respondents agreed that the pandemic showed the need for a more flexible and scalable IT architecture.

Digital transformation services have become increasingly in demand as every business wants to be updated. According to a World Economic Forum report, the value of digital transformation for organisations and enterprises will surpass $100 trillion by 2025. It suggests that integrating automation into an organisation’s parts is necessary rather than an option.

Thus here are some aspects highlighting the importance of digital transformation in any business while helping them reach the top. Read thoroughly!

Reasons explaining the importance of digital transformation in business growth

Here are several reasons that large, medium-sized, and small commercial companies should embrace digital transformation.

1. On-demand services

The modern consumer, whether internal or external, anticipates having the same technology-related experiences at work as they experience at home. However, doing this can be difficult for an organisation. There are now more options than ever before for delivering applications, choosing a delivery location, and selecting a service delivery partner.

Businesses request more agile networking functionalities and hybrid IT services, and a successful user experience is essential to business transformation. It encompasses the experience of working with the IT staff and technologies and the usability of applications for internal and external clients.

Maintaining operational discipline concerning security and performance will continue to be crucial for today’s IT leaders. Thus digital transformation services are the need of the hour. 

2. Enhancing staff efficacy

Workforce engagement is hard to maintain when dealing with a scattered workforce that might never fully return to the office. Digital technology plays a critical role in assisting employees to become more effective in their primary duties both in and outside the workplace as employers explore innovative methods to boost productivity.

With the help of digital transformation services, fundamental business units like finance and HR can stop using manual procedures and automate crucial tasks like payroll, freeing up leaders to concentrate on more extensive business prospects.

The network’s ability to encourage innovation by enabling remote working and giving users on-demand access to technology and services is essential for creating an environment that empowers workers to succeed.

On-demand services, however, run the threat of becoming a burden on IT departments due to the expectation to deliver consumer-level experiences, excellent performance, and enterprise-grade security.

3. Enhanced business security

Moving more data to the edge of networks while maintaining data security is one of the top problems many IT companies face. It is a challenging endeavour that calls for strict enforcement regarding access, data compliance, and attack protection. However, even the most stringent security precautions are meaningless if a poor network pushes personnel to move to a different location for more flexibility or quicker speeds.

Progressive companies must consistently apply a security strategy to all networks, apps, and data, regardless of the services.

Modern security measures are crucial as we move past the forced distant working models brought on by the epidemic to hybrid working models that consider workers’ various lifestyle requirements. Organisations must balance security measures protecting employees working in the office with those using their own networks and devices.

CIOs should surround themselves with business and digital transformation service providers to achieve more significant business objectives. They can act honestly and transparently to achieve these goals if they want the benefits of digital transformation to be genuinely revolutionary.

4. Strengthen business alliances

Customers’ expectations are rising, and industry competition is severe. Businesses are becoming increasingly dependent on one another to create a wide variety of products and services that appeal to clients. They collaborate with suppliers and distributors, subcontractors, and specialised consultants.

Document-based communication, frequently needed to manage partners, is typically a time-consuming barrier to productivity. Modern technology makes it possible to modify this procedure. A streamlined process can be made possible by using eSignature systems. It may help employees become more efficient and productive.

Compared to internal changes within businesses, more obvious business needs might frequently take priority, especially given how stretched IT departments are and how tight finances can be. However, this is incorrect.

Businesses remain ahead of the curve and increase their accessibility to potential partners by developing a digital process early on and integrating it across the entire organisation. The company can scale expansion by making the internal processes more effective and adaptable. As a result of digital transformation, business partnerships become stronger over time by producing the tools needed to realise time and resource gains.

5. Make faster and better decisions

Many businesses can benefit from it by positioning big data and analytics at the core of the digital transformation strategy of an organisation. 

Because of the Internet of Things (IoT), businesses have access to more data volumes than ever. Using such data for business insights helps to make quicker, more informed decisions using the correct analytical tools. The more integration and impact analytic tools one has, the more deeply they can be ingrained in company operations.

By utilising AI-based technology, businesses can experience the full potential of big data. Data and analytics innovations are constantly emerging, and many have cutting-edge AI features. It can update existing applications through data. In addition, such advancements help leaders to make better, quicker decisions that lead to progress.

It is almost impossible to keep up with all the IT advancements that enable digital transformations, but keeping a close watch on how AI innovations may assist big data initiatives is a surefire way to be on top of the game.

6. Migration to the cloud

The cloud is a crucial component of digital transformation. From analytics to artificial automation, user experience, and big data services, all services indicate cloud migration because it enables businesses to mark up the requirements of their firm data. 

Working on the Cloud platform, which combines data-driven innovation with digital infrastructure, frees businesses from worrying about digital infrastructure so they can concentrate on using customer insights to expand their businesses. Once more, by merging cloud-based collaborations, the teams can use various tools and achieve the necessary transparency to keep everyone informed of the errors and help them learn from them.

7. Increase productivity while lowering resource costs

Organisations without a fully digital process or those that are not digital will have to invest more time and money to compete with their rivals. Compared to competitors performing the same tasks as an automated process at a lower cost, costs will quickly spiral out of control. Businesses can significantly reduce expenses and increase productivity with the right digital transformation strategy and technologies.

Summing up

A successful digital transformation platform gives businesses a foundation to gain a competitive edge. Any organisation may undergo a revolution with a fully digital workplace. Therefore, digital technology adaptation is essential for companies to stay competitive. Hence, all corporate sectors are experimenting with big data analytics, social media, mobility, and cloud computing to get a broader picture of success.

To surpass your competitors, you should think about getting digital. A digital transformation service and consulting firm with experience offering cutting-edge services to various clients can help you achieve your goals. We at ScalaCode help organisations go digital and increase their revenues by utilising advanced technologies like artificial intelligence (AI), the Internet of Things (IoT), robotic process automation (RPA), and cloud solutions. So, connect with us to scale your business with digital transformation.