Digital transformation is more than integrating digital technology in all areas of your business and changing the way you operate, as well as, deliver value to your customers. It also implies a cultural change that requires organizations to challenge themselves constantly.
From the current perspective, we can see it as an inevitable process, regardless of the size of the enterprise, and to stay afloat in this competitive business environment, companies require accelerated digital transformation – below, we explain how to accelerate the entire process.
How to Accelerate Digital Transformation?
Digital Transformation is not all about migrating from legacy systems to the cloud.
As organisations pursue new IT architectures and operating philosophies, they create a foundation for new opportunities in digital business, including next-generation IT solutions. As a result, the change occurs at a more granular level, which does not happen overnight. However, there are some ways to accelerate its implementation, even if you prefer to digitally transform step by step. In order to accelerate, companies need to:
- Develop innovative but realistic digitization that meets the required schedule of a desired business value
- Include all solutions, as well as, its technologies within technology and create a production-ready architecture
- Base plans for the future on real exploration and the search for opportunities with the implementation of modern technologies offered by e.g. data science services
- Build a partnership model that allows value evolution, facilitates forecasts, speeds up actions, and increases and pace of reaction
How does the cloud enable Digital Transformation?
Digital Transformation is fueled by the rapid growth of cloud solutions resulting in an increasing number of companies adopting a cloud-first policy. According to Gartner, by 2024, more than 45% of IT spending on system infrastructure, infrastructure software, application software, and business process outsourcing will shift from traditional solutions to the cloud. What is even more impressive, another study conducted by Gartner shows that by 2025 55% of large organizations will implement a cloud-only strategy. Why is the cloud so appealing to business? Here are some main benefits:
- Increasing security
The fear of losing control of data and infrastructure is prevalent. However, as it turns out that by transferring data to the cloud, we can significantly reduce the risk of data loss and unauthorized access. Public cloud service providers implement the best Cloud security measures to protect data, applications, and the entire infrastructure from potential threats. Besides, backups are created automatically, which reduces the risk of losing them.
- Lower costs
Cloud computing reduces the costs of purchasing hardware and software, as well as, operating data centers. For example, by storing your data in the Snowflake Cloud Data Warehouse, You do not have to worry about server maintenance (related to space, energy, cooling, electricity consumption, and payments for IT employees). The costs of using the cloud itself are also reduced. In general, You only pay for the resources you use.
- Higher efficiency
With minimal costs of using cloud computing, you can have maximum efficiency. Secured cloud computing data centers offer the latest generation equipment, ensuring reliable performance. Few small and medium-sized enterprises could afford such solutions on their own. Fortunately, they can use them without restrictions as part of cloud computing.
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- Flexible scalability
You use and pay for as much as you use and need at the moment. Cloud computing flexibly adapts to your or your organization’s needs, providing as much computing power, resources and bandwidth as you need at a specific time. And you only pay for this particular capacity. You reduce or increase resources when you want. What’s more – you have a constant overview of their usage status.
- Speed and reliability
Speed and reliability are the inseparable parts of cloud computing. Services are delivered almost immediately after purchasing access. What’s more – you can use them without knowing advanced technologies. Cloud applications run faster, making work more efficient. Thanks to cloud computing, you can gain functionalities that would take much more time to acquire on your own. It is also worth mentioning their fault tolerance. Even if they did, you wouldn’t lose your data. Cloud services are also independent of hardware damage.
Approaches of digital transformation through cloud
There are many digital transformation services and approaches used by companies to migrate their data to the cloud. Most of them utilize conventional IT methods that imply embarking on a multi-year transformation of core systems. Yet, considering that many large organizations have hundreds of systems,their data is locked away in silos, and as a result, migrating to the cloud can be very challenging. Thus, no wonder why even 70 percent of the global digital transformation initiatives fail by making the same mistakes over and over again. Yet, only by cooperation with the specialized partners, we can ensure the success of that transition.
Future Processing has 21 years of experience in providing high quality digital transformation services. To learn more please visit our website.
However, by using data and digital platforms (DDP), companies can provide twice the value that would be generated by the traditional approach in half the time and at half the cost. How is that possible? This method simply prioritizes data speed, agility, and faster learning for competitive advantage, by creating a data layer to liberate data from core systems that are scattered across the enterprise. Thanks to the simplified interfaces and faster data, it becomes a new source of competitive advantage, and agile teams can work in new, more collaborative ways.
Good examples of digital transformation initiatives
Ikea implements an innovative e-commerce application that uses augmented reality. The aforementioned goes in line with the company’s new strategy to transform it into a multi-channel network. The application uses modern technologies such as Place (generating virtual rooms) and augmented reality (AR). Therefore, customers will be able to check what a piece of furniture will look like in their apartment before buying. It also helps to arrange the interior and choose, among others, colors and details of the decor by providing personalized recommendations.
The sports car manufacturer Porsche is offering several new digital services to its customers, thanks to the One Digital Platform (ODP), based on IoT and Digital Twin technologies. These services make the use of Porsche cars even more versatile, integrating them into the digital environment in which their users live. The ODP platform was developed together with the company Grape Up, which specializes in software production using cloud-native technology and the DevOps approach.
PTC and Rockwell Automation, Inc jointly developed theFactory Insights cloud solution that enables manufacturing companies to achieve greater efficiency, speed, and scale through digital transformation. The new solution, unveiled at the PTC Global Partner Summit at the LiveWorx 2020 Digital Transformation event, represents a significant advance in the collaboration between Rockwell Automation, Microsoft and PTC.
For more successful digital transformation companies please visit our blog post where we listed 10 organizations that got it right.
As we had pointed out in the beginning, digital transformation is a very complex and long-lasting process that requires a combination of expertise, resources, and commitment. We have them all, so if you are looking for advice, please check our website and fill-up the form. Besides, thanks to workshops, we can establish the right strategy tailored to your business needs, making sure your digital transformation is moving in the right direction.
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