“Digital transformation” is the buzz-phrase of the moment in the tech world. From mobile devices in the workplace to business process automation to artificial intelligence and machine learning — digital transformation is everywhere. However, modernizing a business requires so much more than just integrating the latest technologies into processes and operations. If you’re serious about using modern technology to accelerate your business success, you need a clear plan, the right tools and a united team. To help inform your business’ journey, we’ve compiled a list of the top must-read articles on the benefits of digital transformation and how to ensure your strategy is successful.
Why SMB’s Benefit From Digital Transformation
According to IDC (International Data Corporation), 50% of SMBs will see digital transformation as a vital feature of their company’s growth strategy in 2019. With this in mind, analysts at IDC created a complimentary infographic to act as a roadmap for what your digital transformation strategy should look like, including how cloud ERP helps jumpstart business innovation and growth. According to the infographic, SMBs with legacy systems need to experience the peace of mind that cloud ERP software brings. This means that they need to embrace digital transformation. Adopting digital technologies, cloud ERP software and emerging technologies are necessary for being able to exchange data across an organization, meeting customer’s modern expectations and innovation. Check out IDC’s infographic and get the digital roadmap that will help guide you to your future business success.
Your Business Needs More Than Digital Transformation
Digital transformation encompasses so many ground-breaking technologies that are impacting businesses in every industry – but it’s not a magic wand solution. Digital transformation requires hard work, technology, and people – the end goal is a connected business. Many SMBs are running on ledgers, spreadsheets and disconnected legacy accounting systems. Digitizing these silos of conflicting data doesn’t automatically fix the dysfunction. For businesses to begin to transform, they must become connected, one that synchronizes all records, data sources and systems in one place. While technology does play a huge role in modernizing your business, it’s nothing without people and processes in alignment. For digital transformation to occur and change your business for the better, you need three key things.
When you have the support of the executives at your company, you can create company-wide excitement and drive for the project. Without executive buy-in, your new digital business model will never happen.
Obtaining valuable input from your team before a technology purchase and during the implementation process will help increase efficiency and employee commitment with the new system.
Input from industry peers
It is also valuable to seek input from industry peers, colleagues and user communities. These individuals can provide best practices and time-saving tips to help you through any challenges you may come across during the process.
Corporate Culture Must-Haves for Digital Transformation Success
According to a Gartner Group survey, the top internal roadblock to their success is “culture challenges to accept change.” The experts second this at Harvard Business Review, who say, “for organizations seeking to become more adaptive and innovative, culture change is often the most challenging part of the transformation.” It’s clear that a culture-technology connection is critical when you’re contemplating a complete digital transformation. Here are the must-haves for digital transformation success in your company:
Set (and Share) a Digital Strategy
Commit to implementing growth-enabling technology, partner with a consultant or vendor to make a plan and share it with your employees and key stakeholders.
Prime Your Leaders
Your employees expect executives to communicate your company’s vision and set the tone for the corporate culture. To foster long-term change and create a smooth transition, you need strong leadership buy-in.
Keep Educating Employees
To truly benefit from your company’s strategic digital transformation, your team needs to do more than embrace new technologies. Your team needs to play an active role in driving change, progress and innovation. Some individuals will need more support than others, but if you take the time and money to invest in their adoption of the technology is significantly more likely to have a long term impact.
A truly connected business is streamlined, efficient and agile. If you’re ready to work on becoming a connected business, a cloud-based ERP, like Acumatica, can help.
Remember, the company you choose to implement your software dictates the success or failure of your software investment. At Aqurus, we’re passionate about providing superior ERP solutions and support.