Why Digital Transformation is The Key To Success For Any Industry In 2021

A year and a half in the pandemic have set a timer for companies to go digitally themselves and survive. With digital transformation in industry & New technology was entering the workplace rapidly also 2020 made it imperative for industries to make it happen within months. 



Many companies lost to the crisis at hand while some survived and some thrived. The key indicator to this survival was digital transformation. Industries that adapted immediately and implemented digital transformation solutions into their business process were the ones to continue thriving while others ceased to exist. 

Let’s understand digital transformation before we get into the details of why industries should kick into high gear for it. 

To put it simply, digital transformation is defined as the use of digital technology, data, network and the internet for doing business. This transformation is aimed at creating better and efficient ways of doing business, finding new capabilities, reducing operational and capital costs and developing new processes streamlining the entire business function.

Not just this, it is also aimed at empowering the employees and enabling the management to take data-based informed decisions while ensuring customer satisfaction. 

It is more about the process it develops, that enables a better human approach than just a technology shift. 

How do digital transformation solutions impact an industry?

Digital transformation in industry brings a giant leap towards an effective and intelligent business process. Along with streamlining the business, it also enables deeper insights into customer behavior and new business models. Here are few reasons why digital transformation in industries is inevitable. 

1. On-demand expectation 

Consumers are smart when it comes to technology and their buying experience which makes competition bigger for companies. The increasing demand and quick service requests require agile networking capabilities and excellent IT services. Digital transformation solutions improve this entire process by bringing digital solutions to a lot of mundane tasks and operations. 

2. Empowering employees 

Digital transformation helps employees to improve work efficiency by providing an opportunity to develop expertise in different domains of business. Digital transformation brings revolutionary change not just in core business functions but also in departments like HR, finance, customer service, IT, etc. 

Source: Digital Transformation is The Key To Success For Any Industry

Comments

Post a Comment

Popular posts from this blog

Top Five Benefits of Digital Transformation Solutions for Manufacturing

Image
Let’s start with the basics. Digital transformation solutions not only bring automation in various processes but also provide actionable insights for making informed decisions. Whatever digital transformation offers, one thing is for sure, it can change the shape of the manufacturing sector. In a   PwC survey , out of 2000 manufacturing enterprises, a whopping 86% expect to gain from reduced costs and increased revenue through digitization in the next five years.   What’s more, digital transformation in manufacturing enables the industries to leverage the benefits of Industry 4.0 and achieve new levels over the period.  Digital technologies including AR, wearables, cloud computing, IoT, and big data analytics enable manufacturers to make their processes more intelligent and smarter than before.  These days, market trends and consumer behaviors are changing rapidly across the world. All major industry sectors have to cope with increasing challenges and intensifying competition, and the
Read more

How Does the Internet of Things Impact the Textile Industry?

Image
The Internet of Things has turned into a boon for the modern world. Isn’t it? This technology has unlocked different possibilities of the digital age and made the ecosystem fully connected and easy to monitor different things than ever before. Among different industries, there is a high effect on IoT textile production.  The Internet of Things in the textile industry helps to improve fabric quality and with different sensor integration, it is easy to monitor people’s health. Yes, with clothing now we can monitor the heart rate and step calculated that helps in our lifestyle.  Before going into depth with the information, let’s have an idea about the Internet of Things.  Overview: Internet of Things  According to the famous Wikipedia platform, “The Internet of things describes physical objects with sensors, processing ability, software and other technologies that connect and exchange data with other devices and systems over the Internet or other communications networks.”  Moreover, now
Read more

Top Five Industrial Beneficiaries of Augmented Reality in 2022

Image
    Embracing technological advancements is the need of the hour for enterprises. Let’s take the example of Augmented Reality (AR) technology. It has gained traction over the period in various industry sectors. As per the prediction of Global Market Insights, the AR market is expected to cross $50 billion by 2024. In this blog, Augmented reality remote assistance solution is useful in repair and support. It is also beneficial in boosting sales and marketing efforts by providing an immersive experience to customers. Also Read- What to Look for in AR-based Remote Assistance Solution in 2022? Core Industry Sectors that Use Augmented Reality 1. Manufacturing AR can bring a radical change in the thriving manufacturing industry. This technology has found its place in maintenance and support departments. AR-based remote assistance and asset monitoring solutions can assist companies to resolve issues quickly and avoid unnecessary downtime. 2. Retail 3. Automotive 4. Healthcare 5.
Read more