#transformation – Xorlogics

Covid19: Evolution of the Digital Transformation within companies

06 December 2021
by: Aisha Javed
in: BlogPost
Tags: #business, #iiot, #industry, #transformation, BigData, Cloud, Data, DigitalTransformation, Innovation, IoT, Trends
note: no comments

Covid19 Evolution of the Digital Transformation within companies

The corona pandemic is continuously changing the framework for digitization. According to IBM 96% of leaders report that Covid-19 will accelerate their digital transformation by an average of 5.3 years. Another study by Celerity shows that 63% of leaders state that the Covid-19 pandemic prompted them to embrace digital transformation sooner than originally planned. The goal of promoting innovations faster and keeping up with the times is the most important reason for digital transformation for companies.

With the adoption of digital solutions, companies have greater resiliency. They can not only streamline their operations but also automate all manual processes in order to generate more revenues. With data driven insights, companies can make decisions faster and adapt or change course at any point. They are also better prepared to fight against cyber threats, also when their employees work remotely. All these advantages give companies a boost for their own digital transformation, but they also have to overcome various hurdles as the transition to a digital company is anything but easy. Limited resources, rigid legacy systems as well as unclear goals and rules – all these things delay IT departments when it comes to innovations.

Even tough 30% of organizations will increase innovation and reinvent their business models in order to future-proof their companies, digitization continues to be a major challenge for many companies. Companies’ IT departments are experiencing the greatest change: they are developing into a service provider who, on the one hand, strives to ensure that the IT systems and applications run properly and, on the other hand, acts as a full-service provider of IT-supported business processes. The requirements continue to increase. A total of four hurdles in particular slow down innovative projects.

Skill shortage:

According to the KMPG CIO survey, 54% of organizations reported that skill shortages were holding them back from pursuing their transformation goals. In particular, they were lacking expertise in the following areas: Cybersecurity, Technical architecture, Enterprise architecture, Advanced data analytics. Current IT teams are made of few people who have the essential technical skills but don’t have training time to develop the skills. But if your business is suffering from skills shortages, ignoring training is not the right solution – it’s much easier to train existing staff than to hire new employees.

Legacy systems

Legacy systems, which form the backbone of many enterprises, are holding them back from leveraging new digital technologies and creating new experiences for their customers/partners. Outdated business software consumes a lot of resources in companies. According to Forrester, companies invest 70 to 80 percent of their IT budget in maintaining rigid back-office systems. These systems are difficult to integrate or customize when it comes to supporting new digital initiatives. Slow development methods combined with legacy systems make the problem worse. Outdated networks and servers no longer meet the needs of companies. Taking the right step and modernizing the legacy is the way forward. The IT modernization promises cost savings, efficient management of IT infrastructure, efficient utilization of human capital, better security and risk management, enhanced user experience, and last but not the least, a direct impact on competition.

Limited resources

Digital transformation is necessary in order to become more agile, more innovative and more resilient, but often only limited resources are available for converting old processes to more modern tools. Building a business case for such investments can be quite challenging in terms of budget approval. Also, all legacy systems require modernization. Otherwise, they can be exposed to crashes anytime. Therefore, the introduction of new technologies can be introduced in steps, often with a free software test phase.

In order to be really successful, that means first and foremost to be economically positive, but also to recognize and use the opportunities of the future as a driver of innovation, a digital roadmap should be planned. Not the hard change, but a targeted and coordinated development in digitization should be the way in which all members involved within a company pull together. Strategic concepts that include optimal resource planning are required here. This means that a networked transfer of knowledge and experience must take place. Using the strengths of individual individuals and combining them with scientific innovations should be the path to productive and efficient profitability. The digital evolution is a permanent further development and with all step forward new opportunities become visible that can be realized through a stable foundation.

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The Impact Of Digitalization On the Future of Work

06 May 2019
by: Aisha Javed
in: BlogPost
Tags: #databreach, #DataPrivacyPolicy, #dataprotection, #Digitalization, #FutureofWork, #Futurework, #technology, #transformation
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We are openly experiencing a technological transformation more than ever before, whether it’s in our daily life private life and, in our work place. Our way of communication and consuming things and services can’t be compared to a few years earlier. On the workplaces, creative entrepreneurs are using digital technologies as a few ways of expending their goods and services by revolutionizing business models, redrawing the boundaries between industries and creating new interfaces to the customer. Digitization is leading to structural changes in our economy.

The idea behind digitalization and automation that most people still have is that they think these technologies will destroys labour and people will be replaced with robots and lose their jobs. But they ignore that digitization is creating new jobs. Studies have shown that 65% of our children will work in future on activities that do not yet exist today. With this disruption going on, organizations must think of how can new working concepts be realized in favour of companies and employees? How can employees work more productively and efficiently, and how can strengths be better utilized?

In order to overcome this challenge, Businesses should focus on their business software and innovative approaches to more efficiently use data and provide the best possible support to their employees. Here are the main tips to prepare your organization for the Future of Work:

Education is the Key

Employees are the most valuable operational resources. Whit digitalization, there are new skills that they must have. To bridge the knowledge gap, organizations mustinvest in education and training programs for their employees. These training programs can be initiated for certain demographics that aren’t yet employees, in order to prepare them with the skills they need when they enter the workforce, potentially at your organization.

Understand the different groups within your organization

There are three types of people when it comes to adapt changes in the way people use to work. Strong resisters are those who’ll never accept the transformation, eager embracers are those who are happily willing to adapt changes to improve their work quality and middle-majority it’s the group waiting to be influenced by other two. It is important for leaders to capture and channel the energy of the eager embracers in order to get the middle-majority on board; otherwise, those in the middle can and usually will be influenced by the strong resisters.

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Make it easy for them

There is the people side of things and also the teaching and documenting side of things. Create step-by-step instruction guides that make it easy for employees to accomplish the new workflow instead of expecting them to become experts after one demonstration. Be sure to give them the opportunity to provide feedback and opportunities to improve the workflow if they are the ones using it every day.

Engage them in the process from day one

A good manager knows how to identify the slower adapters to change and can involve those team members early on in designing, evaluating and ultimately owning the process. It might take longer to launch, but in the long term, it will allow for faster implementation since they have already bought in and contributed to the new process.

Integration of ERP

ERP can improve quality and efficiency of the business. By keeping a company’s internal business processes running smoothly, ERP can lead to better outputs that may benefit the company, such as in manufacturing, employee development and HR. ERP supports upper level management by providing information for decision making.
With the integration of smart business software, management can find out whether their employees are working hard, completing most of assigned jobs successfully and without errors, and who is nearby to accept a new job. In addition, it is possible to indicate which skills are still not available enough, and that opens the door to hire employees. The ERP serves as the central unit, which unites all processes and information uniformly.

Observe data protection and involve employees

Personal data are subject to the requirements of data protection. This also applies to employee information stored in ERP. Companies may only act with the data that is actually necessary for the respective tasks and processes. In traditional ERP, data protection does not play a major role, because the margin that can be achieved with a product, for example, is not of great importance to employees. However, if you want to use a solution that builds on employee-related data and uses them, you should always involve the works council or an employee representation in advance.

It is becoming increasingly important to capture and determine whether employee engagement as a resource is appropriate. Those who are open with their employees, provide them with useful and supportive tools and sometimes dare to break new ground, are ahead of the competition and future-proofing their company.

Tag Archives: #transformation

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