Your organization is like a living, breathing, entity. It can advance or fall behind, get injured but grow stronger, strive for success and deal with failure, and, in an increasingly competitive business ecosystem, even live or die. Your organization’s ‘pulse’ and ‘heartbeat’—measured by output and productivity—reflect business health and continued economic success.
To ensure organizations stay trim, most companies have a plan to monitor internal health and productivity continuously. But this requires more than just digitizing back end processes!
Digital transformation breaks away from the process status quo with the inclusion of digital technology in all areas of business, resulting in fundamental changes to how companies operate and how they deliver value to customers. This can mean the profound transformation of business and organizational activities, processes, competencies, and models.
In fact, digital transformation almost always involves a change in leadership, thought process, the encouragement of innovation and new business models.
This new-wave thinking is about the fundamental transformation of sectors, doing things differently, and trying new things. Not just for the sake of being different, but in support of the critical strategic objectives facing every organization in the age of digital disruption.
Digital transformation is not only improving what you currently have. The concept is about fundamentally reorienting your business as a digital business. This transformation should be seen as a journey from the current ways of doing business to a new digital state; based on intelligent information management (IIM).
IIM practices integrate people, process, information and technology in support of achieving greater operational efficiency, meeting regulatory and legal compliance, enabling more agile change, and enhancing the customer experience.
Businesses need to work smarter, not harder, to reach the milestone of digital transformation and reap the innovative benefits that follow. However, digital transformation is not necessarily about digital technology, but about the fact that technology, which is digital, allows people to solve their traditional problems.
Though digital transformation will vary based on organizations’ specific challenges and demands, there are a few constant themes among case/user studies. For instance, these components are often cited:
In partnership with Signavio, AIIM has published a report on digital transformation, exploring the essential questions any organization needs to consider, the challenges you might face, and the steps you can take to digitalize your core processes.
features 152 participants and also discusses which new technologies, such as (RPA), are leading a wave of exciting process opportunities.
Digital transformation is the new reality—it is happening whether companies realize it or not. Regardless of the type of business, the need to digitalize core business processes is imperative to remain competitive.
After all, being nimble in business is more than just brawn, and it is the role of industry leaders to look beyond today’s best practices towards tomorrow’s strategies; to make sure their organization is ‘fit’ for purpose…
Only then can companies take top spot on the business podium.
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