The Internet has become the world s most promising technology. Many companies have long abandoned some of the work methods of traditional companies and joined t...
Dec 26,2019 | Editha
The Internet has become the world's most promising technology. Many companies have long abandoned some of the work methods of traditional companies and joined the ranks of enterprise digitalization. That's because visionary companies have seen the advantages of the Internet and know that if the company is fully digitalized, it will inevitably make a full leap in the company's business. Of course, the realization path of digitalizationn includes many fields, whether it is digital sales or smart manufacturing, or even electronic finance, smart purchasing belongs to this aspect.
If the enterprise digitalization is promoted, no matter where it is, there are already standardized operations, as long as you follow the operations step by step. The standardized operation of enterprises has become the basis for the rise of new commerce. In the age of the industrial Internet, the office of enterprises is inseparable from computers. In terms of accounting only, traditional manual statistics are inferior to computer-based data statistics. If you want to get accurate answers more directly and conveniently, you must achieve digitization.
The development of an enterprise cannot be separated from the computer and people cannot live without the mobile phone. Whether it is a traditional enterprise or a high-tech enterprise, if it is not fully digitized, it will basically not be able to survive in the commercial society. Of course, some special high-tech or software platform companies have taken the lead in enterprise digitalization, and have derived new industries such as e-commerce or new media communications. These new formats have injected fresh blood into the market.
With the continuous advancement of enterprise digitalization, enterprises have increased their revenue, reduced costs, and improved efficiency. Not to mention that small and medium-sized companies are rushing to this, even some large companies that have already carried out digitalizationn are constantly optimizing and adjusting, hoping to get more benefits from it. It is no wonder that so many companies want to promote enterprise digitalization.
10 KPIs to Assess the Success of Digital Transformation
Return on Investments in Digital. Productivity of employees. Metrics for performance and adoption. Metrics for measuring the customer experience. percentage of businesses using AI.... Reliability and accessibility. Cost-Benefit Evaluation.... income derived via digital technology. Additions: •
A digital revolution in three stages. Different chances for organizational learning are presented over the three periods. Modernization and enterprise-wide transformation, the first two stages, are concerned with altering the current business. The final stage focuses on developing new businesses and finding fresh sources of value.
Business digitalization is the integration of technology that alters how businesses interact with consumers and other stakeholders across all of their various departments, services, and channels.
One of the key technologies in the digital transformation that is assisting businesses in growing is artificial intelligence. In fact, the most recent Research and Markets report predicts that by 2025, AI will have a compound annual growth rate of 52%, indicating that it will be quickly adopted by businesses around the world.
Software for enterprise resource planning (ERP) can serve as the basis for a digital transformation. ERP systems give businesses visibility into their fundamental financial and operational processes, but a well-designed ERP solution is capable of much more.
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