*This is a collaborative post
If you are looking to grow your business in the future and establish a long-term presence in your local economy, you should not underestimate the importance of undergoing a digital transformation. Digital transformation refers to the process of upgrading your systems and adopting digital tools to boost the productivity, security, and competitiveness of an organisation.
However, it is important to keep in mind that some 70% of digital transformation projects fail, causing significant financial and reputational damage to the business in question. So, how can you make sure that digitally transforming your business will lead to increased sales, improved brand image, reduced costs, increased productivity and, ultimately, long-term success? Here are 5 tips to keep in mind.
Be Clear on Your Long-Term Vision
The first step to take is to understand what is your long-term vision and your reason for investing in technology. For example, you might be a local business looking to build a website and offer delivery services.
Or, you might be the owner of a larger business looking to ramp up production, maximise quality, and reduce costs to keep up with the competition. No matter what your goal is, make sure to be clear on your vision. This awareness will guide you in the choice of the best tech for your specific needs and budget.
Invest in High-Quality IT Support
It’s mathematical: introducing a new tech quill requires you to also find specialised IT Support. Without a team of IT experts by your side, introducing new tech into your business can be both cumbersome and dangerous.
IT professionals can help you resolve bugs, keep your systems up to date, and ensure that your business is secure from a cybercrime viewpoint. What’s more, an IT support team is available 24/7 to answer your questions!
Choose Your Software and Systems Wisely
New technologies and systems are released into the market on a daily basis. Does this mean that you have to rush to invest in all the latest products and updates? Certainly not! The key is to find the devices, software, and systems that can truly benefit your business over time. Speaking to a consultant can help!
Set a Budget but Don’t Be Afraid To Invest
The amount spent by each company on tech varies according to the company’s nature and goal. But, across all industries, IT and tech spending are growing at an unprecedented rate of 3.6% per year. This means that today more than ever, companies recognise the importance of tech for their business.
However, it is important to understand how much you can reasonably spend on tech without tanking your business! Craft a budget and speak to your other departments to understand how much is worth investing in new technologies and systems.
Make Sure To Provide High-Quality Training for Your Employees
While tech is important, your employees are your business’s most valuable asset. Make sure to train them to use the new technologies you have introduced so that they can undergo an upskilling process and use tech wisely, safely, and efficiently.