8 Reasons why digital transformation is essential for business growth in 2022

by Ranjan 

Digital transformation is the integration of digital technology into all areas of a business. It has a significant impact on the way a company runs. The advantages of digital transformation can be found in a variety of industries: It enables firms to upgrade legacy processes, streamline operations, improve security, and boost profitability. More than 90% of companies are doing business in the cloud. Many firms are replicating old services in a digital version as they shift data to the cloud. True digital transformation, on the other hand, entails much more: Creating a technology framework to funnel these services and data into actionable insights that can improve just about every aspect of a business can be revolutionary for a digital transformation.

Why is Digital Transformation More Essential in 2022?

On a fundamental level, digital transformation trends affect and influence our day-to-day lives. From that video call with a loved one to the app we use to order lunch, we rely on technology on a daily basis without giving it much attention. According to Dell’s Digital Transformation Index 2020, which questioned over 4000 company leaders worldwide, eight out of ten organizations accelerated their digital transformation programs in 2020. Furthermore, 89 percent of respondents stated the pandemic demonstrated the need for a more agile and scalable IT architecture. Technology is clearly not a choice in this new world, but rather a core business strategy that must be weaved into every aspect of an organization. Better cooperation within and between organizations, more personalized customer engagement, higher staff innovation and productivity, and more accurate data insights are all benefits of transformation, all of which help an organization expand and thrive post-pandemic.

Why Digital Transformation is Essential for Business Growth in 2022

The cost of digital transformation is a major motivator for many businesses. Moving data to the cloud, whether public, private, or hybrid, reduces operational costs. It saves money on hardware and software while allowing team members to focus on other projects.

Boost Business Collaborations

Customers’ expectations are rising, and industry competition is intense. Companies are becoming more dependent on one another, collaborating with suppliers and distributors, subcontractors, and specialized consultants to provide a diversified range of products and services that appeal to customers. Managing these partners frequently demands document-based communication, which has long been considered as a time-consuming and inefficient process. But, because to technological advancements, this procedure can now be redesigned. Using an eSignature system can help you create a more transparent, timely, and accurate workflow. This can even help employees be more effective and productive on a daily basis by bridging the gap between desktop and mobile technology. Businesses can stay ahead of the curve and make themselves more open to prospective partners by developing a digital process early on and integrating it with the rest of the organization. Internal procedures can become more efficient and flexible as the company grows, with the flexibility to scale. Digital transformation creates the tools to save time and resources while also enhancing corporate partnerships over time.

Data-driven Customer Insights

Customer insights can be discovered through data. You can design a customer-centric business model by better knowing your customers and their needs. These insights can assist promote business growth by combining structured data (personal customer information) and unstructured data (social media analytics). Data enables strategies to deliver information that is more relevant, tailored, and adaptable. Digital transformation helps to create data-driven customer insights which plays a vital role in the betterment of the business and organization.

Security is a Top Priority for Every Business

One of the top concerns for many IT executives is figuring out how to put more data at the network’s edge while keeping it secure. This is becoming a more challenging task, requiring strict implementation of access, data compliance, and attack protection. Even the most strict security procedures are rendered useless if a slow network forces employees to seek flexibility or quicker connections elsewhere. Up-to-date security measures are especially critical as we move beyond pandemic-forced remote working to hybrid working models that incorporate people’ various lifestyle preferences. Executives will have to strike a compromise between security tactics that work for in-office employees and measures that keep remote workers safe on their home networks and devices.

Many comapnies today choose to outsource cybersecurity instead of hiring an in-house team. It can be a smart move if you do not have enough resources or need to hire a dedicated team to manage your cybersecurity needs. CIOs should surround themselves with both business and technology partners that understand the broader business objectives and can act honestly and transparently to achieve these goals in order for the effects of digital transformation to be really revolutionary.

Everyone Expects On-demand

Today’s generation consumers, whether internal or external, expects the same level of service in a professional setting as they do in their personal lives. However, for an organization, this can be tricky to do. There have never been more alternatives in terms of how and where applications are delivered, as well as who to partner with to supply services. Businesses are demanding more agile hybrid IT services and agile networking capabilities, and the user experience is a vital component of business transformation. This incorporates the experience of working with the IT staff and technologies, in addition to the usability of applications for workers or external clients. The responsibility to maintain operational discipline around security and performance will remain a priority for today’s IT administrators.

Increased Profits

Digital transformation improves the efficiency and profitability of businesses. Take a look at the following findings from the SAP Center for Business Insights and Oxford Economics:

Eighty percent of businesses that have completed digital transformations have seen an increase in earnings. According to 85 percent of respondents, their market share has increased. On average, leaders anticipate a 23 percent increase in revenue over their competitors.

Improved Productivity

Having the proper IT tools that operate together can help you enhance productivity and optimize your workflow. It enables team members to work more productively by automating many tedious procedures and connecting data across the organization. Cloud and mobile technologies are becoming increasingly important as remote work becomes the new normal. They assist in ensuring that remote workforces have the resources they need to stay connected and productive. Core company departments, like as finance and HR, can benefit from digital transformation by moving away from manual procedures and automating crucial areas like payroll, allowing leaders to focus on larger business prospects.

Greater Resource Management

Through digital transformation, information and resources are unified into a set of business tools. It brings together all of the company’s resources in one place, rather than having different software and databases. Applications, databases, and software can all be combined into a unified corporate information repository due to digital transformation. There is no such thing as a department or functional unit dedicated to digital transformation. It has an impact on every facet of a business and can lead to process innovation and increased efficiency across divisions.

Make Better Decision, Faster

Businesses can benefit from big data if they prioritize data and analytics as part of their digital transformation plan. Businesses today have access to more data than ever before because to the Internet of Things (IoT). With the right combination of analytical tools, you can leverage this data into valuable business insights, allowing you to make better, faster decisions. The deeper analytical tools are buried in company operations, the more integrated and impactful they are.

How Gurzu Powers Digital Transformation

The digital transformation is changing the way businesses operate. Businesses are witnessing cost savings and increasing profitability as a result of better data collection and a better customer experience. The integration of several systems into a streamlined workflow is one of the most difficult aspects of digital transformation. Despite the fact that data management and security protocols must be in sync, data security remains a big concern for businesses and also technological update is also a bigger concern. We at Gurzu work relentlessly with our clients, assisting them in quickly adapting and thriving in this fast-paced digital ecosystem. We provide transformation strategy and consulting, as well as recommendations and execution. Furthermore data security being a major concern in the technology ecosystem here at Gurzu with a team of Segregated Security Engineer, we provide Security as a Service .

To learn more about what to look for in a data protection solution as you embark on your digital transformation and other services get in touch with us.