• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Articles
  • News
  • Events
  • Advertize
  • Jobs
  • Courses
  • Contact
  • (0)
  • LoginRegister
    • Facebook
    • LinkedIn
    • RSS
      Articles
      News
      Events
      Job Posts
    • Twitter
Datafloq

Datafloq

Data and Technology Insights

  • Categories
    • Big Data
    • Blockchain
    • Cloud
    • Internet Of Things
    • Metaverse
    • Robotics
    • Cybersecurity
    • Startups
    • Strategy
    • Technical
  • Big Data
  • Blockchain
  • Cloud
  • Metaverse
  • Internet Of Things
  • Robotics
  • Cybersecurity
  • Startups
  • Strategy
  • Technical

Why Digital Transformation Has Become a Prerequisite for Success

Dr Mark van Rijmenam / 4 min read.
July 3, 2020
Datafloq AI Score
×

Datafloq AI Score: 84

Datafloq enables anyone to contribute articles, but we value high-quality content. This means that we do not accept SEO link building content, spammy articles, clickbait, articles written by bots and especially not misinformation. Therefore, we have developed an AI, built using multiple built open-source and proprietary tools to instantly define whether an article is written by a human or a bot and determine the level of bias, objectivity, whether it is fact-based or not, sentiment and overall quality.

Articles published on Datafloq need to have a minimum AI score of 60% and we provide this graph to give more detailed information on how we rate this article. Please note that this is a work in progress and if you have any suggestions, feel free to contact us.

floq.to/dBoxA

Digital transformation is a prerequisite for most companies to maintain their competitive or leading position. Especially in these uncertain times, it has become apparent that digitization is indispensable for companies if they want to be and remain successful. The company must be agile and innovative and, moreover, always put the customer first (customer-centric). Digitization is a catalyst that can provide the company with a competitive advantage.

It is important to be innovative at different levels within the organization. For that to succeed, it is vital that there are commitment and a willingness to change at all levels of the organization. This requires a shared understanding of what digital transformation means and what new technologies entail. Research has shown that when all employees understand how new technologies change their work, they are more positive about digital transformation and more willing to support and ensure the success of such a change process.

Drivers of Digital Transformation

Digital transformation is now a prerequisite for companies to maintain their competitive or leading position. Especially in these uncertain times, it has become apparent that digitisation is indispensable for companies if they want to be or remain successful. Successful organisations understand that only incremental improvements, i.e. doing digital, is not enough in the long term. But that transformational ad disruptive change, i.e. being digital, must be ensured.

Incremental Innovation

Initially, and in most cases (roughly 75% of the time), digitalization is about optimizing existing processes (incremental innovation) that yield improvements in the short term. These improvements will mainly be visible on the cost side of the company, but in a number of cases, they can also have a positive effect on the turnover side, for example, because customer satisfaction will increase. Incremental innovation is almost always fed from the operational side of the company; where one is in daily operational contact with internal and external customers, where one encounters inefficiencies and where problems cause operational pain or dissatisfaction. Simple examples are: the use of a chatbot in a call centre to handle the simple calls, autonomous robots in a warehouse to increase efficiency or the use of data and algorithms to streamline orders.

Transformation

To a lesser extent (20% of the time), and in the medium term, transformation deserves attention within the company. By transformation, we mean offering new or adapted products or services to existing or new customer groups. This offers opportunities for cross and upsell and often also for a rapid market introduction of new products. The effects of such transformation are mainly visible on the revenue side and will eventually broaden and deepen the customer portfolio. Transformation, in most cases, comes is driven by the middle management within companies; for example from the sales

or marketing department. Experimenting, learning and testing in short cycles are key concepts here. Some examples include setting up a web store to serve new regions, using recommendation algorithms to increase sales or using blockchain within the supply chain.

Disruption

We call the third level disruption. The company wonders whether, and how, they could make themselves redundant in the longer term (5%). What if we started all over again as our own competitor? All conventions and paradigms are challenged in the search for new products, services and business models. The effects of transformation are fundamental and determine the long-term survival of the company. How do we remain relevant in the market in the long term?

The impetus and support for disruptive thinking are provided by the company’s senior management. Usually elaborated by an internal innovation team in a corporate startup setting, which may or may not be supported by an external party. Examples of disruption are: digital travel sales, making travel agencies unnecessary, transforming a product organization into a Software-as-a-Service’ model, in which products are no longer sold but subscriptions and where data plays a key role.


Interested in what the future will bring? Download our 2023 Technology Trends eBook for free.

Consent

Successful companies understand that only incremental improvements (doing digital) are not enough in the long term, but that transformational changes (being digital) must also be considered.

This requires a change in the mindset of the entire company whereby people are open to and see the opportunities of digital transformation. Only then will a company not do digital , but be digital.

Digital Transformation Issues 2019

To ensure that the entire company is on board and there is no resistance in the digital transition, it is important to develop a common language, level of knowledge and vision for digital innovation.

Datafloq University has developed a unique, online, training program to fully utilize the digital potential of your company. We believe that every organization is actually a data organization, which offers endless possibilities but also entails great responsibilities. It is important to bring these possibilities and responsibilities together in the right balance. This program offers you and all your employees the tools to not only understand and do digital but to become truly digital and use all possibilities.

In contrast to existing (online) digital transformation programs, Datafloq University offers a program that is aimed at senior management, middle management and operational staff. All employees, management and executives are introduced to the same theory and terminology, providing a broad and shared basic understanding of emerging technologies, capabilities and challenges. Each group from its own perspective that matches the job level of the employees. The theoretical framework is supported by very practical examples in order to achieve a steep learning curve.

If you are interested to learn more about this unique digital transformation training and how we can help your organization, you can download our brochure here.


Originally published here

Categories: Strategy
Tags: Big Data, digitalisation, disruption, strategy, transform

About Dr Mark van Rijmenam

Dr Mark van Rijmenam, CSP is a leading strategic futurist keynote speaker who thinks about how technology changes organisations, society and the metaverse. He is known as The Digital Speaker, and he is a 5x author and entrepreneur.

Primary Sidebar

E-mail Newsletter

Sign up to receive email updates daily and to hear what's going on with us!

Publish
AN Article
Submit
a press release
List
AN Event
Create
A Job Post

Related Articles

The Advantages of IT Staff Augmentation Over Traditional Hiring

May 4, 2023 By Mukesh Ram

The State of Digital Asset Management in 2023

May 3, 2023 By pimcoremkt

Test Data Management – Implementation Challenges and Tools Available

May 1, 2023 By yash.mehta262

Related Jobs

  • Software Engineer | South Yorkshire, GB - February 07, 2023
  • Software Engineer with C# .net Investment House | London, GB - February 07, 2023
  • Senior Java Developer | London, GB - February 07, 2023
  • Software Engineer – Growing Digital Media Company | London, GB - February 07, 2023
  • LBG Returners – Senior Data Analyst | Chester Moor, GB - February 07, 2023
More Jobs

Tags

AI Amazon analysis analytics application Artificial Intelligence BI Big Data business China Cloud Companies company crypto customers Data design development digital engineer engineering environment experience future Google+ government health information learning machine learning market mobile news public research security services share skills social social media software solutions strategy technology

Related Events

  • 6th Middle East Banking AI & Analytics Summit 2023 | Riyadh, Saudi Arabia - May 10, 2023
  • Data Science Salon NYC: AI & Machine Learning in Finance & Technology | The Theater Center - December 7, 2022
  • Big Data LDN 2023 | Olympia London - September 20, 2023
More events

Related Online Courses

  • Oracle Cloud Data Management Foundations Workshop
  • Data Science at Scale
  • Statistics with Python
More courses

Footer


Datafloq is the one-stop source for big data, blockchain and artificial intelligence. We offer information, insights and opportunities to drive innovation with emerging technologies.

  • Facebook
  • LinkedIn
  • RSS
  • Twitter

Recent

  • 5 Reasons Why Modern Data Integration Gives You a Competitive Advantage
  • 5 Most Common Database Structures for Small Businesses
  • 6 Ways to Reduce IT Costs Through Observability
  • How is Big Data Analytics Used in Business? These 5 Use Cases Share Valuable Insights
  • How Realistic Are Self-Driving Cars?

Search

Tags

AI Amazon analysis analytics application Artificial Intelligence BI Big Data business China Cloud Companies company crypto customers Data design development digital engineer engineering environment experience future Google+ government health information learning machine learning market mobile news public research security services share skills social social media software solutions strategy technology

Copyright © 2023 Datafloq
HTML Sitemap| Privacy| Terms| Cookies

  • Facebook
  • Twitter
  • LinkedIn
  • WhatsApp

In order to optimize the website and to continuously improve Datafloq, we use cookies. For more information click here.

settings

Dear visitor,
Thank you for visiting Datafloq. If you find our content interesting, please subscribe to our weekly newsletter:

Did you know that you can publish job posts for free on Datafloq? You can start immediately and find the best candidates for free! Click here to get started.

Not Now Subscribe

Thanks for visiting Datafloq
If you enjoyed our content on emerging technologies, why not subscribe to our weekly newsletter to receive the latest news straight into your mailbox?

Subscribe

No thanks

Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.

Marketing cookies

This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages.

Keeping this cookie enabled helps us to improve our website.

Please enable Strictly Necessary Cookies first so that we can save your preferences!