Digital transformation is essential for businesses that want to stay relevant and competitive in today's digital economy. Companies will have to reinvent their operations through the entire lifecycle, starting from customer acquisition and operations, to post-sales service and customer service.
Companies with stronger digital transformational intensity derive 6% to 9% more revenue, are more profitable by 9% to 26% and achieve higher market valuations. (Capgemeni)
Definition - Digital transformation defines the integration of digital technology into all areas of a company - to increase efficiency, drive greater business agility and unlock new value for employees, customers and shareholders on an ongoing basis. Digital transformation is a foundational change in how an organization delivers value to its customers.
Only about 30% of companies navigate a digital transformation successfully - especially because new behaviors and expectations take shape and evolve at warp speed. (BCG)
What’s the difference between digitization, digitalization, and digital transformation?
- Digitization - the process of changing something from analogue to digital or creating it in a digital form (e.g. online brochure, newsletter, white paper)
- Digitalization - using digital technologies to provide a new stream of revenue or fundamentally change your business model (e.g. mobile digital applications, cloud computing, API to streamline workflows).
- Digital transformation - is all about reinventing your business model and leveraging digital technologies and processes to exploit new opportunities.
Digital transformation will impact many areas of your business such as your:
- Business models
- Asset management
- Organizational culture
- Ecosystem and partnership models
- Customer and worker
Here are five steps companies can follow to affect the kind of digital transformation change they desire.
- Align objectives with business goals.
- Ensure IT and business co-create
- Pick strategic partners
- Redesign business and products around customer outcomes
- Retrain employees around digital
Let's show you how you can do this successfully.
How we can help
You have a digital transformation program and are trying to determine the best technical approach. Poeta Digital will work with you to understand what you are trying to achieve, identify a comprehensive set of suitable solutions to achieve your goals and help implement them in your organization.
Or perhaps ... you have deployed technology digitize your operations - but it is not meeting your business goals - due to aging technology, inability to scale, missing functionality, or a desire to modernize into a cloud environment from on-premises services. We'll assess your business needs and recommend potential technical solutions, including - suggesting one technology over another or recommending why you might want to split an application or process across multiple pieces of technology to achieve a better result.
Poeta Digital recently became a recognized vendor of Canada’s Digital Adoption Program (CDAP). If you meet the requirements for the CDAP program - you could get up to $15,000 reimbursed to you for the development of a Digital Adoption Plan. You could even qualify for a 0% interest loan up to $100,000 through BDC.
Poeta Digital can develop a Digital Adoption Plan which will provide a blueprint to how you can digitize your operations and we'll even help you implement the plan. For more information on this program click here.
Here is Poeta Digital's blueprint to developing your digital transformation technical plan.
Here we evaluate your business needs in relation to your market, your competition, your business model, and your future business goals.
Current State Analysis
We'll analyze and document your current state processes and workflows, organizational infrastructure and security requirements, roles and permissions, security assessment, stakeholder engagement, success criteria identification, and risk assumptions.
New State Design
Then Poeta will work with you to define your future state business requirements - a new technology blueprint - for each of your identified technology goals, which may include security infrastructure, software integration, and budgetary considerations.
Next we will develop a proposed timeline for implementing the proposed solution(s) roadmap including milestones, deliverables, dependencies, cost to acquire the technology, and the key stakeholders.
Finally, we will develop a summary of our proposed digital solutions - including a cost-benefit analysis and high-level requirements.
Don't take our word for it
Poeta Digital is proud to support small, medium & multinational organizations in any industry
Some of our clients
Ready to unlock your Digital Transformation ambitions?
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