For decades we have been talking about the ever increasing pace of change in business. Long term plans have shortened from 10 years to 3 years. Back in the 60’s we got Moore’s Law predicting that the power of computing doubling every year and it has solidified into our whole economy.
Change is inevitable. Even in what we once thought were some of the most stable industries, digital disruption is causing many companies to reevaluate their current business model and find ways to adapt to an ever increasing digital market. The following article lists 3 companies who have truly embraced digital disruption and became wildly successful. With Honey revolutionizing the digital coupon marketplace, Ethos making insurance as easy as a few clicks, and Zola re imagining a wedding registry online, these are excellent case studies to show how much of an impact digital transformation can make.
Less than one in five organizations are close to where they want to be by 2020 with their digital transformation. With digital disruption in the headlines of so many articles these days, businesses are at a crossroads of where they need to direct their future. 92% of companies believe that something needs to change. In this article, John Mancini of the AIIM global community breaks down the good news and the bad news of the digital transformation trend taking the world by storm.
You’ve heard of eCommerce, but have you ever heard of eGovernment? That’s right. The Philippines Department of Information and Communications Technology announced that they partnered with the Internet Society to develop the National ICT Ecosystem Framework (NIEF) 2022. They hope to transform the region into economic hubs and innovation centers to ensure that information and communication technology services are made available, affordable and universal for all citizens.
Peter Weil and Stephanie Woerner of the MIT Center for Information Systems Research put together a case study of how BBVA, a Spanish bank, faced digital disruption head on and transformed into one of the leading digital banks in the world. Within the article, they discuss the role of the CEO, and how important it is for business leaders to set a clear vision for their company’s future in order to be successful. When done right, the return can come in spades.
Digital transformation is not always easy. It’s essential for almost every business to undertake and starting your transformation journey is often the toughest part. Knowing the right tools for successful digital transformation is the first step. In this article, Terri Jones discusses some essential tools for anyone in the process of transforming their business. Tools such as code-free software and advanced integration can really help seamlessly allow your business to transform to meet your customers’ changing needs.
The construction industry is currently seeing a decline in the number of young minds entering the workforce, and with the integration of more technology, there is an increase in the knowledge required to run it efficiently. Unfortunately, the disconnect between the two is causing shortage of skilled labor in the construction industry, but now more firms are using technology as a powerful recruiting tool to help guide people to the workforce.
Security breaches make headlines. We all remember when Apple’s cloud got hacked and a ton of personal data was leaked, or when Sony’s database was hacked and millions of consumers’ financial information was compromised. It gives these big companies big headaches. When it comes to digital transformation, cybersecurity and cloud security can make you stand out among your competitors. No one wants their data at risk, and you don’t want to “hope for the best” as Fortinet’s Patrick Grillo says.
With every mention about ‘digital transformation,' the term becomes more and more like business jargon. Salesforce recently conducted a survey of 562 full-time employees, and in the survey 69% of people said they would not be confident explaining the concept of digital transformation to another person. What people don’t realize is how digital transformation can make life easier not only for businesses, but for their customers too. In this article Tony Colon discusses a few of the aspects that makes digital transformation so vital to the world of business today, from security to accessibility.
Ceramic Technics is an importer and distributor of tile and stone flooring, principally across North America as well as Panama and Dubai. The company’s legacy software was limited in flexibility, features and usability, so Ceramic Technics chose SAP Business One to provide the visibility, accessibility and scalability it needed to grow. The implementation was a prime opportunity to re-engineer the warehouse, improve existing business processes and obtain greater transparency of information, enabling the workforce to be more effective and productive.