Digital transformation is a major challenge and opportunity. When planning for digital transformation, organizations must factor the cultural changes they'll confront as workers and organizational leaders adjust to adopting and relying on unfamiliar technologies. Digital transformation has created unique marketplace challenges and opportunities, as organizations must contend with nimble competitors who take advantage of the low barrier to entry that technology provides. Additionally, due to the high importance given today to technology and the widespread use of it, the implications of digitization for revenues, profits and opportunities have a dramatic upside potential. We can understand digital transformation through some real-world examples.
Three-year study conducted by the MIT Center for Digital Business and Consulting concluded that only one-third of companies globally have an effective digital transformation program in place.
The study defined an "effective digital transformation program" as one that addressed:
1- "The What": the intensity of digital initiatives within a corporation.
2- "The How": the ability of a company to master transformational change to deliver business results.
Digital Process Automation
Most organizations have operational areas that execute thousands of time-consuming work processes each day. Simple or moderately complex, these workflows are fundamentally rules-based and don’t require human decision making and judgment. The work is mundane, tedious, error-prone and requires retrieving information siloed data stores and interfacing with inflexible legacy systems that are not easily accessed or integrated. With digital process automation, this high-volume work, traditionally done by employees, can now be automated, eliminating the need for human intervention. digital process automation is non-invasive and equips organizations to bridge legacy systems, easily close data integration gaps, and wrap legacy system integrations, without making changes to underlying technology investments.
-Fast: An event driven approach to automation makes digital process automation faster and more resilient.
-Robust: The broadest and deepest out-of-the-box support for enterprise applications, custom and legacy systems, coupled with object-level integration makes digital process automation more robust, and reliable.
-Flexible: digital process automation allows you to distribute work across desktops, humans, and servers, so you can scale to meet business needs.
-Enterprise: digital process automation is fully unified with business process management (BPM) and case management, to further drive operational efficiency.