Let us do a quick questionnaire explaining the differences between Digitization, Digitalization, and Digital Transformation.
A) Digital Transformation
B) Digitization
C) Digitalization
A) Digital Transformation
B) Digitization
C) Digitalization
A) Digital Transformation
B) Digitization
C) Digitalization
Correct Answers: B-C-A
During my professional career, I have worked mostly in the supply chain sector.
We all know about excessive excel usage in companies building massive data sets and semi-automating it by VBA.
Never the less it did impress me and showed me the power of data and automation.
Convincing me that data and applying data is the future. I started playing around with business intelligence tools noticing my passion shifted from the Supply chain only to Supply Chain & Software.
Power of Data: In 2009, a new strain of Influenza virus (H1N1) discovered. Data scientists from Google published an article in the magazine (Nature) explaining they could predict the spread of the winter flu not only on the country level but per region and even state level by looking at search engine hits for specific sets of entries. Looking at the frequency and correlation between several combinations of search engine hits.
This Data-usage, to me, is a fantastic application of data usage. The fact that we can improve our way of control and knowledge. Just wow.
(Source: The Big Data Revolution: Viktor Mayer-Schönberger & Kenneth Cukier).
Power of AI: DeepMind AI system Alpha Go won a five-game Go match against Lee Sedol, considered as one of the top players in the early twenty-first century. It was expected the AI would beat the human players at Go, but would still take another decade before this could be achieved.
Max Tegmark, Qoute/Source from book: Life 3.0
Within a year after playing Lee Sedol, a further improved AlphaGo had played all twenty top players in the world without losing a single match.
Ke Jie, the world's top-ranked Go player at the time, had this to say: Humanity has played Go for thousands of years, and yet, as AI has shown us, we have not yet even scratch the surface.
Quote from Book - Life 3.0
GO/wei-ch'i/baduk, one of the first strategy board game, originated from China around 4000 years ago.
Digitalization can also decrease overall operational costs and further improve process efficiency of day to day processes.
Typical Benefits:
Support Functions
Digitalization can accelerate new product launches by accelerating the development process using the agile MVP approach and increasing the reach and access to target customers. Virtual R&D reduces costs and time to market by bringing the cross-functional team together, which results in faster and more productive R&D. Time to market has seen a 15% reduction, value to proposition 20% increase and Development cost 15% reduction.
(Source: McKinsey & Abhinav Singhal)
Time innovations needed to reach 50 million users.
First, it starts with finding the correct partner.
Source: Bain, Forbes: Stated that only 5% of digital transformation is fully successful. 5% Achieves or exceeds expectations. 20% Failed to deliver, producing less than 50% of the expected results 75% settled for dilution of value and mediocre performance. Only 30% invested deliver expected returns.
At Tech Fabric, we understand the challenges and apprehensions clients face in taking on the digital transformation partner. With our experience in implementing digital transformation, we have a structured methodology to keep our clients engaged and informed at every step.
Our process starts with the initial 'Discovery' of Digital Transformation opportunity. During this strategy phase, we engage the business to understand the requirements from their customer's point of view and lay-out a road map for digital transformation. The objective & outcome of the strategy phase is to build out a Minimum Viable Product (MVP) from which clients can visualize the opportunities. Once the MVP is built out, we then create a road map for the complete digital transformation of the business, which results in significant improvement in sales and operational efficiencies of the business.
Tech Fabric specializes in creating digital products that integrate the most popular CRM(s) and build out scalable applications that meet specific niche business requirements.
In the digital age, you may need much more than out-of-the-box functionalities to compete and thrive. You can rely on our robust custom software development team for CRM development.
Our analytical capabilities include machine learning and AI by certified developers. Reach out to the Tech Fabric sales team to learn more about getting the most out of your CRM initiative.
In today's dynamic business world, Microsoft Dynamics 365 CRM is increasingly vital for organizations seeking streamlined processes, improved customer experiences, and sustained growth.
Phoenix's custom software development scene is showing signs of growing rapidly as more and more tech companies migrate to the city and a thriving local startup scene takes roots and grows.
Robotics automation technologies are already transforming the world of supply chain dynamics across nearly every business sector and industry.
