What is the strategic role of digital transformation for businesses?

Digital transformation of enterprises has become an unavoidable trend in today s rapid development of information technology. Digital transformation is both a n...

Mar 10,2023 | Daisy

What is the strategic role of digital transformation for businesses?

Digital transformation of enterprises has become an unavoidable trend in today's rapid development of information technology. Digital transformation is both a necessary stage of industry development and an inherent requirement of the times. Digital transformation is a response to changes in business operations, organizational structure, and company culture brought about by modern digital technology. As a result, digitalbest antminer transformation is a close combination of technology and business model, with the end result being a change in business model. So, what is the company's strategic position in terms of digital transformation?

Helpful in increasing corporate competitiveness

Companies are considering digital transformation due to two major internal and external factors. External factors include: Companies are sailing against the tide of digital transformation; if they do not move forward, they will fall back. Customers will leave you behind, competitors will overtake you, the market will weaken you, and you will eventually go out of business if you do not implement digital transformation. This is a macro view from outside the company that can help businesses think about digital transformation. Internal factors are considered from within the enterprise, in normal operation and management, have intelligent concepts, take the initiative to carry out digital transformation, and are in an early position in the future business market.

The digital wave has significantly improved the phenomenon of information asymmetry. Customer value is gradually becoming oriented, and it affects the traditional production-oriented business economic system from the start, posing significant challenges and opening up new opportunities in business operations. Unlike the traditional competition model, the core competitiveness of enterprises has shifted from "manufacturing capability" to "service level + digital capability + manufacturing capability". The market has become more customer-oriented as intelligence has greatly expanded the channels and sources of information available to customers. The catering industry is a "people" business. We can analyze the sales of each dish using digital platforms and technologies, optimize and upgrade the types of dishes in real time, gradually improve the products, and boost the enterprise's core competitiveness.

Profit from enterprise cost savings and bitmain shop efficiency.

Digital technology has the potential to significantly reduce costs. According to the report, digital change will reduce processing manufacturing industry costs by 17.6% while increasing revenue by 22.6%, logistics service industry costs by 34.2% while increasing revenue by 33.6%, and retail industry costs by 7.8% while increasing revenue by 33.3%.

Catering companies' costs include the "three highs" of rent, ingredients, and manpower, but also utilities, consumables, advertising costs, and income tax. The most important cost control areas are manpower and food, because they account for a high proportion and consumption is more serious, according to the digital platform of fine management, can make the general catering business manpower costs reduced by 5 7 points, or even 10 points, prompting food costs down 2 3 points, the savings are profit. The GO platform's wise account is based on visual data analysis to provide strong support for budget internal control, with the goal of making improvements, tight cost savings, and truly reducing costs and increasing efficiency for enterprises to increase profits.

Advantages of Business Process Optimization

The Venture GO platform's Smart Account considers the flow of "money" and uses data to connect acquisition, production, sales, and other aspects, and it generates a closed loop of accounting and business, improves enterprise synergy, independent production work planning, and performance evaluation, and generates a closed loop of management. Migrate the enterprise's daily operations and management to the cloud, making management more efficient and convenient, and all kinds of steps more convenient for individual workers,antminer price truly optimizing business processes.

Overall, the importance of digital transformation to the company is to "cut costs," and the company's digital transformation has become a certain trend. With the rapid development of big data and intelligence on the Internet, digital transformation has a significant impact on the company's development.

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