Top 3 Technologies Set The Next Stage For Digital Transformation Of Your Businesses

Today, the accelerators of enterprise innovations are Digital transformation technology solutions. They are the most effective tools for empowering global enterprises to optimize efficiency, power new products and services, build new business models, and narrow the boundaries between business and consumers. It is well-known that now every successful enterprise is a digital enterprise across industries and countries. Global leaders have been vocal about how digital transformation technologies have integrated and supported their customers, workforce, and organizations. It is a fact that Covid-19 pandemic and consequent factors restrained the business continuity as usual but at the same time, it provided a launching pad for organizations to become digital-centric, virtual, and resilient—and to do it all with fast speed and cost-control.

The fast-emerging digital world offers unprecedented opportunities to enterprises to embrace intelligent automation, digitally-enabled business models, and changed consumer patterns. Focusing on the fundamentals of digital transformation, we can understand more clearly why digital transformation has become an essential part of enterprises’ business strategies:

• Experiences- Customers and employees want better experiences
• Insights- Business needs new and better insights to support decision-making
• Platforms- Companies need better ways to consolidate information together
• Connectivity- Get relevant information to the right people faster
• Integrity- Need for future-proof, adaptive digital infrastructure without any flaw in its design

These are the building blocks that can be assembled in part or taken together to get business and technology teams to understand each other and collaborate more effectively for digital transformation for any company.

Top 3 Digital Transformation Technology Solutions

Based on their research, our technology experts have found top three Digital Transformation Technology Solutions that play a significant role in each successful business growth and are shaping the future products and services market.

1.Robotic Process Automation (RPA)

Robotic Process Automation (RPA) is one of the most popular digital technologies that support all functions within an organization to evolve and change with significant improvements. Given RPA’s capabilities, enterprises are able to manage time-consuming and prone to error operational work such as order and claims processing, human resources processes, customer onboarding, invoicing and payment activities, and tax return applications. Industries like retail, BFSI, legal, and manufacturing are using RPA applications to automate cumbersome, high volume, and rule-based repetitive tasks.

2.Internet of Things (IoT)

The Fourth Industrial Revolution, Industry 4.0 and the Industrial Internet of Things (IIoT) technology both set the stage for digital industrial transformation together. The Industry 4.0 revolution has given rise to a large number of IoT-based applications in the industrial space. From warehouse management to predictive maintenance, the IIoT technology is drastically reducing machine downtime, and improving operational and resource optimization across the entire organization ecosystem. For example, an IoT-based real-time monitoring application allows live monitoring of assets, production, and operations to proactively identify and resolve issues. It results in reduced downtime and maximizes productivity and output.

3.Enterprise Resource Planning (ERP)

The notion of digital transformation is about how an organization can change and improve various processes from backend to frontend by giving greater flexibility to customers, suppliers, and stakeholders for interacting with a business. ERP software integrates all aspects of business functions, leading to higher efficiency and customer satisfaction. Hence, ERP software like ebizframe is essentially the platform on which the digital transformation initiative is launched.

6 Key Benefits of Digital Transformation for Enterprises

1. Enrich customer experience
2. Extends global market reach
3. Increases sales and ROI
4. Improves customer acquisition and retention
5. Access to data-driven customer insights
6. Improves productivity with streamlined workflows

Digital transformation is to equip all areas of a business with digital technologies. There are various factors that need to be considered before evaluating digital technologies for any business. Organizations across industries are seeking ways to make legacy processes smart and resilient, accelerate system efficiency, strengthen security, and increase profitability.

As a recognized enterprise digital technology solution provider, you may be interested to explore what Eastern Software Systems can do for your business.