Using technology to improve your business is more than standard— it's a must to stay ahead.
That’s when Digital Transformation (DT/DX) comes into play!
Here, we’ll discuss the four main types of Digital Transformation with real-life examples. Hop on the DX train!
Digital Transformation refers to the process of applying digital technology to all aspects of business operations.
The core idea of DX is leveraging techs to add value by adapting to ever-changing circumstances.
Likewise, DX goes from business processes to models and products.
The goal is to gain a competitive advantage and deliver superior products and Customer Experiences.
Digital Transformation can be used to examine workflows, supply chains and even team skills to allocate resources smartly.
Likewise, key examples of DX include shifting from on-site to remote work and migrating data and assets to a cloud computing infrastructure.
DX can take different shapes depending on business needs, with process, model, domain and cultural transformation as the main types.
Let's check out what each of these types of Digital Transformation entails, with some examples at the end of each section!
Process transformation entails modifying the focus of your entrepreneurial activities to improve internal processes and day-to-day operations.
Using new digital technology and services, such as Analytics, APIs and Machine Learning, companies can streamline and improve their processes.
A common example of Process Transformation is when companies migrate only specific applications data or services to boost operational efficiency.
This procedure reduces costs and time while improving quality and customer service by removing steps, automating manual processes and improving reporting.
This DX type focuses on changing how the customer base buys or uses a product or service, reinventing a model with the least possible disruption and costs.
You may be familiar with some relevant examples of Business Model Transformation, such as Netflix switching from DVD mailing to streaming and Uber reinventing the taxi industry!
Business Model transformation can lead to outstanding innovations and considerable exponential growth opportunities!
This DX type happens when a company successfully enters a new market, helping with revenue growth and strategic expansion.
Business Domain DX also applies to finding new industries or products when current business plans are no longer profitable.
You won't be surprised when we say a company is more than the service it provides: internal values are a big part of the success of any business!
In this context, company culture takes center stage to ensure all team members are on board and boost productivity and operability.
Cultural or organizational transformation focuses on changing how employees think about their work, collaborate and deal with problems.
Successful strategies have brought several incremental improvements for companies who dare take the lead and blend these types of Digital Transformation.
Keep in mind that the most thriving DX always counts on Key Performance Indicators (KPIs) to track daily operations and business performance and make informed decisions.
We hope this article has inspired you to reinforce Digital Transformation by harnessing the power of advanced digital solutions!
We are sure these will make your business even more successful and help it stand the test of time.
Using technology to improve your business is more than standard— it's a must to stay ahead.
That’s when Digital Transformation (DT/DX) comes into play!
Here, we’ll discuss the four main types of Digital Transformation with real-life examples. Hop on the DX train!
Digital Transformation refers to the process of applying digital technology to all aspects of business operations.
The core idea of DX is leveraging techs to add value by adapting to ever-changing circumstances.
Likewise, DX goes from business processes to models and products.
The goal is to gain a competitive advantage and deliver superior products and Customer Experiences.
Digital Transformation can be used to examine workflows, supply chains and even team skills to allocate resources smartly.
Likewise, key examples of DX include shifting from on-site to remote work and migrating data and assets to a cloud computing infrastructure.
DX can take different shapes depending on business needs, with process, model, domain and cultural transformation as the main types.
Let's check out what each of these types of Digital Transformation entails, with some examples at the end of each section!
Process transformation entails modifying the focus of your entrepreneurial activities to improve internal processes and day-to-day operations.
Using new digital technology and services, such as Analytics, APIs and Machine Learning, companies can streamline and improve their processes.
A common example of Process Transformation is when companies migrate only specific applications data or services to boost operational efficiency.
This procedure reduces costs and time while improving quality and customer service by removing steps, automating manual processes and improving reporting.
This DX type focuses on changing how the customer base buys or uses a product or service, reinventing a model with the least possible disruption and costs.
You may be familiar with some relevant examples of Business Model Transformation, such as Netflix switching from DVD mailing to streaming and Uber reinventing the taxi industry!
Business Model transformation can lead to outstanding innovations and considerable exponential growth opportunities!
This DX type happens when a company successfully enters a new market, helping with revenue growth and strategic expansion.
Business Domain DX also applies to finding new industries or products when current business plans are no longer profitable.
You won't be surprised when we say a company is more than the service it provides: internal values are a big part of the success of any business!
In this context, company culture takes center stage to ensure all team members are on board and boost productivity and operability.
Cultural or organizational transformation focuses on changing how employees think about their work, collaborate and deal with problems.
Successful strategies have brought several incremental improvements for companies who dare take the lead and blend these types of Digital Transformation.
Keep in mind that the most thriving DX always counts on Key Performance Indicators (KPIs) to track daily operations and business performance and make informed decisions.
We hope this article has inspired you to reinforce Digital Transformation by harnessing the power of advanced digital solutions!
We are sure these will make your business even more successful and help it stand the test of time.
