Any new business that hit the market today is stepping in with the advantage of digitization. While there is a world to describe the phenomenon, for business today, the use of the digital mediums to enhance workflow is the norm. If you are in the industry in the last decade, you are sure to notice the rising shift toward automation and digital transformation.
In the most basic form, digitization is the process in which all companies and industries are assigning some of their work to robots or applications to increase the efficiency of the task. These new invocations help to make a job faster or more economical. For example, a logistics company using fleet tracking to keep a check on their trucks and gauge routes.
The more a company moves towards the world of digitization, the higher the odds of them making a more lasting impact. Since every company today is thinking of technological advantage right from the start, the business that does not adapt early will fail to get the same level playing field.
What Can Digitizing Do For You? Think of all the tasks that take more than one person to do. The functions that receive the most amount of time in your business.
This could be as simple as accounting or as complicated as cargo movement. Now zoom your lens out wider and think about how technology and automation can solve this problem.
Before you jump into the work of the digital transformation of your business, you must scrutinize your end goal. Understand what problems you wish to solve, and what is the priority. Here are a few ways digitizing can help a business?
Increase In Efficiency
Most times, their applications and automation are not aimed at replacing human labor but improving them. The most significant advantage is that a robot or an application is programmed for efficiency.
There is no room for human error, no slacking-off from work or dishonesty, and fatigue. An application must still be assisted by a manager who needs to feed and track the data that is entered into it.
Automation and tracking is the best way to keep a check on the safety of customers and the working staff. These can be as simple as RFID keycards to enter the workplaces or GPS trackers for car networks.
Automation can be used to keep a check of all your resources using a single application. Trucking businesses can use tracking to keep a check on their shipment, and also give these details to the consumer.
If your business needs constant management, then digitization can make any of your business a remote company. This means a person with access to the application can manage and track progress without physically being in the location. This also gives businesses the freedom to run operations independent of a geographical area.
Cut Costs (Biggest Advantage)
It’s a proven theory that digital transformation can reduce the cost of any operation by around twenty percent. It is as simple as lowering manual expenses, cost of resources like papers.
In some cases, automation and digital technology also cut back on travel and transportation costs. Overall it is much cheaper for any business to hire an application.
Better Customer Support
This is one of the most prominent advantages of digitization. If the needs and concerns of the consumer need to be met, real-time is the way forward.
Call centers and physical stores are costly to run over long periods. Digital troubleshoots and chatbots can help make this process faster. It all gives all the users a single point of contact.
The moment you take your operations to the digital space, you open the doors to many new consumers; the expansion can be seen as two-fold. The first is that you can allocate more workforce and resources to running a new business or explore a new avenue. The second is a machine that has no working limit; you can intake more subscriptions and more clients.
Some industries have also used digital modes to save big on power consumption. This is beneficial not just for the company but also for the planet.
For example, with the use of applications and IoTs to turn on and off systems. Even something as elementary as using apps for turning on and off a workspace can yield a significant amount of power.
The most important questions remain, is digitizing a company an expensive affair? We have already taken a more comprehensive look at the advantages of such a system.
The cost of automation is a small price to pay for such a vast host of benefits. The best way to look at digitization is in an incremental way. Start with one part of your business that needs it the most and makes additions over the years.
Another way to help you understand what limbs to prioritize in your transformation is by studying the competition. Find out in what departments you are slacking behind and how digital help can make you take the lead.
Keep clear objectives in mind to help you reach the end goal faster. Keep in mind that a wholesome transformation is a slow process from adaptation to implementations.
If you are confused about where to start, you can always get in touch with an agency or company that fulfills such a need. They will study your business and find possible problem points that can be bettered using digital ways. Such companies would have worked with many companies in the past and would guide you on the right path.
If we look at this practically, we can expect a very high return on investment. This means the cost that you incur to incorporate such automation will be made back in a few months based on your genre of business.
If you are a much larger business, you will see an instant rise in productivity. The beauty of automation is that it comes with real-time insights and analytics. Post this, all the money saved is money made.