Digital Transformation is the harnessing of digital technologies to either replace manual or non digital procedures with digital procedures or replacing aged digital technologies with new digital technologies. The digital transformation process can be broadly divided into four key stages;” Digitalization “which encompasses all the activities associated with converting or creating new digital information, “Digital Manufacturing” which encompasses the manufacturing of digital information, “Digital Services” which encompasses the delivery and support of digital information, and “Mobile Platform Development” which is a subset of Digital Technology. In order to properly assess any particular digital transformation statistics, it is important to not only look at the overall change, but also closely examine each individual component, such as “Mobile Platform Development”, “Content Development” and “Business Process Improvement” as this will provide insight into what each sub-stage of the digital transformation process may look like. Therefore, we will discuss the four key stages of digital transformation statistics in detail below.
Digitalization in this context literally means to digitalize – to turn something into digital by applying new technological solutions to it. The first part of digital transformation analytics looks at how well a particular business has digitized its business. Digitalization Analytics looks at how well each department has digitalized as regards service, products or overall support and helps managers determine if their departments are well digitalized. This analysis will help managers determine whether their customer experience has been negatively impacted by digital transformation.
Digitalization Analytics looks at how well departments are integrating with existing systems and how well departments have digitally transformed the way they do business. Integrating with existing systems is part of the digital transformation strategy and is an important part of being successful in the digital age. departments that are not properly integrated with existing systems will not be able to compete in today’s marketplace, will be considered underserved and will not be able to maintain their competitive advantage in the market. As part of the digital transformation strategy, analyzing how well departments are integrating with the system is crucial and can play a major role in making or breaking a company in this digital age.
Digital transformation and innovation processes are complex and continuously evolving. The field of Industrial Internet Business has created many digital transformation strategies and many in-house departments that collect, organize and analyze enterprise-wide data. These insights can help managers determine whether to invest in digital innovation or to continue with the status quo. These same insights can also help organizations determine how to best use the available innovation processes to develop new processes and products.
A prime example of using digital transformation is Microsoft. Microsoft is one of the first software companies to use the Internet to provide customers with digital solutions. Their digital revolution started with the release of Windows ME. Although initially this was viewed as a radical move, with the increase of “Green” initiatives in the digital arena by software companies like Microsoft and others, the digital transformation of Microsoft has become more mainstream. The digital transformation of Microsoft now includes the integration of its mobility operating system into devices designed for people with disabilities.
In addition to leveraging existing digital technologies for creating new digital solutions, it is important to align the digital transformation with business models. In order to achieve this, many organizations need to hire expert consultants to help them understand their digital technologies and the business models that will support them. These consultants may work with departments to create a digital roadmap specifically designed to improve the customer experience and strengthen Microsoft’s position in particular markets. In some cases, these consultants will also work directly with customer facing departments to create digital marketing campaigns that target specific groups of people or certain demographics to promote digital technologies.
Organizations that have not yet adopted digital technologies can still greatly benefit from digital transformation initiatives. For example, retail stores can greatly benefit from digital initiatives, particularly those that aim to increase customer satisfaction or engage their customers in more meaningful shopping. Retail shops can also tap into other departments to help them integrate digital technologies. For example, food service departments can utilize scheduling software that will enable them to better serve customers, especially when it comes to take away. Another department that can significantly benefit from this strategy is corporate finance departments. Digital dashboards can be used to display financial metrics and reports that are relevant to the operational budgets of corporations.
In addition to dashboard solutions that provide insight into operational efficiency, digital dashboards can also provide insight into how organizations interact with their customers on social media. Social media has recently experienced explosive growth, and businesses need to determine what this means for their business. Organizations must also develop strategic alliances with other business operators to share information. However, without the right analytics, organizations will struggle to understand how their customers use their social media channels, which will lead them to making incorrect decisions about their digital strategies. Analytics can provide insight into how organizations interact with their customers on social media, such as engagement levels, clicks, and the number of times that a channel was viewed. By combining digital insights with social media analytics, organizations will be able to strengthen their online strategies and maximize their profit potential.