digital transformation? Discuss the advantages of digital transformation for businesses with heart.

Wanda 8 2023-03-13 Hot Topic

digital transformation? Discuss the advantages of digital transformation for businesses with heart.

The digitization of society has deepened and become a hallmark of modern society with the rise of a new generation of digital technologies, digital applications, and digital services. The business world is no exception. Companies have been gradually envisioning plans for transformation for a long time due to the increasinglymining site competitive market, the rapid development of the digital economy, and the prominence of the value of data, and digital transformation only makes up for this position.

Digital transformation is a type of intelligent related applications as a carrier, the user as the core, to carry out digital upgrading and transformation, to establish a new, or the existing business model to carry out reshaping to adapt to changing business and market changes.

At the moment, the larger state-owned enterprises and central enterprises in various fields have taken the lead in releasing their digital transformation plans and announcing the group's next key reform direction. As a result, many businesses in a variety of industries have begun to actively promote digital transformation and have embarked on the transformation journey, gradually seeking transformation reforms to improve corporate efficiency, reduce the cost of manpower, time, and energy, and boost the market competitiveness of products and services, among other things.

Why is digital transformation so popular?

There are two main reasons for enterprises to choose digital transformation: the first is that it can reform the transformation to prevent risks caused by a harmful environment, and the second is that it can obtain more profit and promote enterprise development.

First and foremost, decades of modern economic development have gradually increased people's material well-being; the market size is also expanding; and many companies are now entering a period of rapid growth and market capture. However, the company's development was hampered by a number of factors, including a slowing of economic growth, a saturation of the market growth space, an increase in the number of enterprises, and increased product regulations. Many companies seeking growth began to consider the opportunity for transformation and reform in order to meet the changing environment with a new posture.

The second point follows. Digital upgradingUsed miner spreads to many industries such as the Internet, pharmaceutical industry, vehicles, sports, and so on, allowing the digital economy to blossom in all aspects, completing a high rate of development in today's sluggish traditional economic growth and becoming a key support for the national economy. Simultaneously, intelligence brings an explosion of information, allowing data analysis, data visualization, digital operation, customer profiling, intelligent decision-making, and other data-driven company businesses to gain a whole new level of development, completing the valorization and assetization of data.

What advantages does digital transformation provide to businesses?

In the traditional mode of operation, business managers make decisions on market expansion based on their experience and understanding of the business and market, which can easily have a negative impact on the company's development due to subjective factors such as difficult situations and emotional problems. Unlike the data-driven and data culture that digital transformation has brought about, data does not change for subjective reasons, allowing business managers to make objective development decisions based on data and the information obtained from their data analysis, avoiding mistakes in decision-making due to personal reasons.

Business intelligence BI deployed as part of the digital transformation process enables all departments and hierarchical personnel to fully utilize data and truly integrate data culture deep into the enterprise. Based on data visualization, create visual reports for various units such as sales analysis, operation analysis, marketing analysis, production analysis, or environmental elements such as market analysis, competitive product analysis, product positioning, policy analysis, and so on. You can also monitor the enterprise's status using key KPI indicators, a group watch board, a management cockpit, and other tools to present a comprehensive analysis of the company's development, provide information support, and help managers make decisions.

Finally, digital transformation has caused bitmainchanges in enterprise mindset and culture, with user first becoming the goal that enterprises adhere to in business processes, R&D and production, and operation management, so that their products and services can better meet the needs of users and the market; data becoming the core factor of enterprises, so that they can drive market expansion through data to make accurate decisions; and innovation becoming the focus of enterprises.

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