How Digital Transformation Affects the Future of Enterprises

“I will not live to see it!” This is a very common phrase, but should be eliminated from the vocabulary of many people in relation to various topics related to technology. That’s because digital transformation is moving at such a surprising pace, and much of what seemed impossible some years ago, is already happening today. The future is now and even though the speech about technology, digital transformation and the need for companies to update themselves seems cliché, it needs to be reinforced.

All because what we see the most, are companies that talk about digital transformation, but do not know how to implement it. According to the “Navigating Legacy: Charting the Business to Business Value” report, conducted between May and June last year (2016), 57% of CIOs believe their company is looking at innovation and accompanying digital transformation, but more than a half of the employees (52%) report not seeing changes in the day-to-day business.

IT has always been important. But now, it is essential. Digital transformation brings a wave of facilities and, if unexplored, can mean the end of some businesses. Another study by Cisto (2017) reveals that only 67% of companies are investing in digital transformation. If the technology came to facilitate processes, then why the delay in its implementation? Automation can not only make jobs faster but also reduce costs and failures. Over time, we will need more creativity and human emotions and less people doing “mechanical” work.
 
But how to bring digital transformation into organizations?
The companies´ strategies must be rethought, and more than ever, the focus is the end consumer. It takes planning and the awareness that each case is a separate case.
For some industries, digital transformation arrives in a frightening way While in others, it may arrive slower… In the first case, disruptive technologies are inserted, that is, they come to overturn the existing model used in the market. Like the candles, which gave way to the lamps, digital photography, which has replaced the analog ones and Uber, threatening the taxis.

In other cases, small processes that are optimized with automation or the use of different technologies may already be enough. But it is not creating new mobile applications that the company will come out the front. It is always necessary to keep an eye on, mapping signs of change, seeking approximation with startups or even creating innovation committees.
One of the first steps in the implementation of innovation may be in the Bimodal concept (already used here at CINQ, for example), which combines two modes with the purpose of joining technological innovation with conventional and safe models:

  • Mode 1 (or traditional): focuses on existing processes, managing them and ensuring their stability.
  • Mode 2 (fast or flexible): aims to generate innovation, avoiding the conventional for faster delivery and conquest of new markets.

So it is possible to “think outside of the box” to optimize processes and “keep the box” to ensure that what is already working well, continues to work well.
Reinventing can be risky, but not taking that risk can be even worse. It is time for technology to leave thought and become corporate DNA. And if time “keeps running” the next few years may be filled with enterprises closing doors to make room for o

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