What does digital transformation mean for businesses?

Digital transformation is a journey on the road of enterprise development, not the end. It is mainly hoped that the use of digital technology as a new driving force for enterprises will change the business growth model, give birth to new digital productivity, and become an important driving force for high-quality economic development.

At the same time, digital transformation has urgency, in the 21st century Internet era, people are constantly using the convenience brought by digitalization, behavior and consumption patterns are constantly changing, if you can't grasp these demand changes, then enterprises may lose this part of customer resources, or miss the development trend of the industry, such as the mobile phone giant Nokia.

Silver Bullet Valley said that the significance of enterprise digital transformation, whether it is internal or external, has one thing in common, that is, development. The transformation brought about by digitalization is subversive, compared with the assembly line, the first chain, and multi-level management in the industrial era, the Internet era emphasizes low cost, fast response, and high customization, and no industry can resist this digital subversion, but the speed and scale will be different for each industry.

1. It is conducive to enhancing the competitiveness of enterprises

Enterprises are considering digital transformation.

It is mainly believed that there are two factors: internal and external. External factors In the wave of digital transformation, enterprises are sailing against the current, and if they do not advance, they will retreat.

Without digital transformation, enterprises will be abandoned by users, surpassed by competitors, marginalized by the market, and eventually eliminated.

This is to promote enterprises to think about digital transformation from an external and macro perspective. The internal factor is to start from the enterprise itself, in the usual operation and management, with digital awareness, take the initiative to carry out digital transformation, and occupy a place in the future commercial market in advance.

2. It is conducive to reducing costs and increasing efficiency.

Digital technology. It can effectively reduce the cost of the enterprise. The report shows that digital transformation will increase the cost reduction revenue of manufacturing enterprises, reduce the cost of the logistics service industry and increase the revenue of the retail industry.

As a labor-intensive industry, the cost items of catering enterprises include: "three highs" - rent, food and labor, as well as water and electricity, consumables, promotion expenses and income tax.

Wait. 3. It is conducive to business processes.

Optimize. Starting from the flow direction of "money", the smart account of the entrepreneurial GO platform uses digital links such as procurement, production, and sales to sort out through business processes; Form a closed loop of finance and business, improve the collaborative ability of enterprises, and independently produce work plans.

Performance appraisal to form a closed loop of management. The daily operation and management of the enterprise is transferred online, so that the management is more efficient and convenient, and the processes are simpler for individual employees, so as to truly optimize the business process.

On the whole, the importance of digital transformation for enterprises is to "reduce costs and increase efficiency", and it has become an inevitable trend for enterprises to carry out digital transformation. With the rapid development of Internet big data and intelligence, digital transformation also has an important impact on the development of enterprises.

Here's what digital transformation means for businesses:

1. Through digital transformation, enterprises can achieve direct contact with users, so that they can obtain some suggestions and feedback from users in time to optimize products. Moreover, enterprises can use digital means to analyze the needs of users, and use this to adjust the direction and content of public enterprise business.

2. Achieving digital transformation and actively developing online business can enable enterprises to fully enjoy digital dividends. Now, the Internet has penetrated into the life of every user, and the development of online and offline integration can allow enterprises to fully enjoy the dividends brought by the Internet.

4. Digital transformation has completed the optimization of business, so that many tasks can be directly handed over to the machine to complete automatically, which greatly improves the work efficiency of employees and the utilization rate of machines. Moreover, digital technology can enable enterprises to complete some tasks that could not be done in the past.

Transformation Considerations:

1. Pay attention to safety.

The shift to remote work can leave businesses vulnerable to cyberattacks, and businesses that don't provide their employees with the necessary hardware and software to defend themselves against cybercriminals will be left with vulnerabilities in terms of security. During the pandemic, corporate teams may have less oversight over the content or links clicked by employees**.

2. Prioritize hybrid work models.

Hybrid work models are here to stay. While flexible working models can bring many benefits to a business's teams, creating an infrastructure designed to work for the long haul requires thoughtful planning.

3. Underestimating customer experience.

Customers are at the heart of a business's success, and customer experience is often the most important part of their business strategy. Don't lose sight of where you can improve the customer experience as you improve processes and optimize operational efficiency, as digital transformation and customer experience are intrinsically linked.

Digital transformation is of great significance to enterprises, including the following aspects:

Improve efficiency and reduce costs: Digital transformation optimizes business processes through automation platforms such as Heluo Automation Development Platform, which develops management systems suitable for enterprise needs, which can improve work efficiency and reduce the waste of human resources and time. At the same time, the adoption of digital tools and technologies can reduce operating costs and increase profitability.

Enhance competitiveness: Digital transformation can help businesses better understand the market and customer needs to provide personalized products and services. Through data analytics and insights, companies can make more competitive decisions, launch innovative products and business models, and improve their competitiveness in the market.

Enhance customer experience: Digital transformation can improve the interaction and experience between customers and businesses, enabling more personalized, convenient, and immediate service. Through digital channels and intelligent systems, businesses can better meet the needs of their customers and provide a better shopping, communication, and after-sales support experience.

Innovation and business development: Digital transformation has created more opportunities for businesses to innovate and expand their business. By leveraging data and technology, companies can continuously identify new market opportunities, optimize products and services, and explore new business models and ways to collaborate.

Improve the accuracy and timeliness of decision-making: Digital transformation brings together data from inside and outside the organization to provide comprehensive, accurate data support to help decision-makers make more informed and timely decisions. Data-driven decision-making is better able to deal with uncertainty and reduce the likelihood of risk and error.

In summary, digital transformation is important for businesses to increase efficiency, enhance competitiveness, improve customer experience, and provide the foundation and support for innovation and business development. It is one of the key factors to adapt to the rapidly changing market environment and achieve sustainable development.

In recent years, digitalization has become a new driving force for the high-quality development of China's national economy, especially under the influence of the nuclear return environment, which has accelerated the global digital transformation, which can help the public to change the strategic choice of many industries and enterprises to enhance their competitiveness. However, digital transformation has a different meaning for each different enterprise, and digital transformation is not a one-day effort.

The construction industry is the pillar industry of the national economy, the traditional management mode seriously restricts the development of the industry, the current status of the construction industry: the number of the construction industry makes the penetration rate of filial piety is low, the development is slow, the industry and technology are not integrated, the risk is difficult to control, the accident is frequent, and the lack of professional digital management tools. The digital management tools developed by Zhongdao New Job Workshop manage the whole process from the digitalization of market business, production business and personnel management, providing technical support for enterprises to obtain high-quality projects, dynamic supervision, cost reduction and risk control, avoiding labor disputes, and realizing refined management, so as to improve the market competitiveness of enterprises.

What is digital transformation

Digital transformation is based on digitalization, using digital-related technologies such as business intelligence BI to reform enterprises, create a new or reshape existing business models, and meet the changing market landscape and user requirements under the development of the times.

Data Visualization - Paco Data BI Visualization Analysis.

Different from the past, digital transformation is a "disruptive" reform, which redefines the overall business model of an enterprise through digital thinking, digital technology, digital management, business intelligence, etc., and is a system-level project that changes all aspects of enterprise production, sales, finance, and administration from the bottom.

At the heart of digital transformation is data

After the popularization and application of digital technology, the overall amount of data in society began to grow rapidly, and quickly grew into a core element of building a modern society.

Enterprises are no exception, and because of the frequent business exchanges, data has a higher status in enterprises. Before digital transformation is underway, enterprises have been dealing with data because of digitalization, storing and exchanging data, transforming data into information, and using business intelligence to obtain data value.

In the process of digital transformation of enterprises, business intelligence BI can not only provide digital services to help enterprises achieve precision marketing, but also upgrade digital production to reduce costs and increase efficiency, and can also apply digital management to assist senior managers in making decisions.

The goal of digital transformation is business innovation

With the digital support of BI in digital transformation, enterprises can stay close to customers through digital means such as user portraits, market research, refined management, data analysis, and demand feedback, tap into their real needs but are not aware of their own needs, and fundamentally create value for customers.

User needs - Pacco data BI visual analysis.

Compared with innovation in the traditional sense, this kind of business innovation has a high threshold, first, it requires enterprises to deploy business information systems, business intelligence BI and other services, and establish and improve information development; Second, enterprises should have organizational capabilities and mobilize all employees to jointly promote digital transformation; Third, enterprises should have the determination to fight for a long time, make overall planning from the macro level, and continuously adjust and implement it from the micro level.

The digitalization of enterprises has two important purposes, the first is to make enterprises more efficient, and the second is to form more competitive new products and services through the comprehensive integration of efficient supply, research, production and marketing systems. At this stage, China's digitalization focuses on the first purpose, the first purpose is the foundation, although the second goal of transforming digital efficiency into innovation has been promoted in some industries and departments, and some enterprises, but it still cannot replace the first stage, and the pursuit of the first purpose will still be the main weight that affects the implementation of digital tasks when formulating policies, allocating resources in the market, and making decisions by enterprises.

The digital enterprise is the inevitable choice of enterprises.

Digital management experts believe that one of the pain points of enterprise management is the backwardness of the knowledge system and management system. "Many companies still use the knowledge and experience of the past to operate inefficiently, which is equivalent to staying in a primitive society. In the digital era, enterprises must have digital management ideas.

In the digital era, enterprise success is equal to top-level design multiplied by organizational system (enterprise success = top-level design organizational system), in which top-level design mainly includes equity design, financial compliance, strategic layout, business model, and genetic reengineering. The organizational system requires entrepreneurs to design the organizational culture, organizational structure, and working methods, and advanced digital technology brings a transparent, open, and flat working environment to the organizational system, and stimulates the self-motivation of each employee.

The underlying driving force for the development of traditional industries is a comprehensive and complex structure, in which a number of obvious factors, one is that the traditional industry is an important part of the economy of Guotai people's livelihood, and the other is in the process of relatively stable international situation and rapid macroeconomic development, which can also be related to the rising tide of high benefits, and then the past demographic dividend and other factors, providing traditional industries with more adequate cost advantages than foreign counterparts, so as to be able to "cost performance" As an effective tool, it can gain a certain market share and revenue.

Since the past five years, the macro economy has been under increasing pressure due to various factors, and the development of the market economy is improving the professional level of various industries through competition, thereby deriving more market segments and profit base points.

First, the extensive development model requires each enterprise to improve or maintain the overall efficiency through efficiency reform within the established constraints of resources, manpower, information, track prospects, etc.

Therefore, we can see that the popularity of digital transformation in traditional industries is increasing, which can be viewed from three aspects: first, the clear promotion of national policies, including the establishment of the underlying computing power foundation of "Eastern Data and Western Computing", all of which indicate that the digital system will be an effective component of future economic development, not only in the digitization of its own industry, but also in its pulling force on other industrial sectors; From 2015 to the present, the industrial Internet has ushered in at least two rounds of capital boom, which has boosted the continuous growth of tracks such as SaaS. The third is the self-revolution of the industry itself, breaking the information barriers of the past business process through digital means, and restoring the objective reality with data to guide future decision-making actions by fully freeing the flow of information, so as to obtain the best allocation plan in limited resources.

For example, insufficient basic computing power leads to insufficient upper-layer data bearing, insufficient underlying functional modules lead to deep data application and limited functions, the market pays too much attention to coolness and formalism and ignores the core purpose of promoting native business benefits, and the company's own core business is unclear and leads to many situations such as digital architecture that does not meet the actual application, which requires gradual development in the process.

We hope we have a reference for you.