The digital transformation from a corporate perspective

from Michael Pertek at

In today's fast-moving and therefore almost self-paced business world, digital transformation is not just a trend for the brave and first movers, but has now also arrived at the centre of corporate society with a great deal of pain and suffering. 

Companies that fail to adapt risk not only being overtaken by the competition - or by entirely new business and service models - but also consequently losing their relevance in the market. In the diselva blog, we would like to shed light on the key reasons why digital transformation is essential for companies.

However, as already described in the blog post Digital Transformation Strategy and Twin Transformation, it is not an intrinsic end in itself, but should be viewed holistically as part of business development / corporate development. Digital transformation is just one piece of the puzzle (possibly a relatively large one) and a catalyst in the overall picture of corporate development. However, this development is often very strongly driven by external influences and necessities - and these must be actively countered.  

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So why get involved in the digital transformation? 

1. Securing competitiveness

Digital transformation enables companies to remain competitive. Digital technologies have changed the rules of the game in many industries. Companies that utilise innovative technologies such as artificial intelligence, big data and cloud computing can work more efficiently, make better decisions and offer their customers greater added value. Those who fail to keep up with the times and engage with the issues and opportunities will quickly fall behind.

2. Increased efficiency

By implementing digital solutions, companies can optimise and automate their processes. This not only leads to the elimination of redundancies and the reduction of errors, but also to considerable time and cost savings. Digital tools make it possible to streamline workflows, make better use of resources and promote collaboration - in other words, everything that ultimately increases productivity.

3. Improving the customer experience

Customer expectations have changed drastically in a relatively short space of time. They demand personalised, fast and seamless interactions with companies. Digital transformation and the associated tools and processes make it possible to analyse data and gain insights into customer behaviour in order to develop tailored offers and services. A positive customer experience is crucial for customer loyalty and long-term success.

4. Agility and adaptability

In a world that is constantly changing, agility is the key to survival and being fit for the future. Digital transformation promotes a dynamic corporate culture that enables companies to react quickly to market changes and new requirements and trends. This is particularly important in critical times when companies need to remain flexible in order to adapt to new circumstances.

5. Access to new markets

The digital transformation is opening up new business opportunities and markets for companies. By using digital platforms, companies can expand their reach and address new target groups (e.g. B2B2C). E-commerce, social media and digital marketing strategies make it possible to operate globally and tap into new sources of revenue and expand existing ones. 

6. Promotion of innovation

Digital technologies in themselves do not have a positive effect, but they are a catalyst for innovation. They enable companies to develop new products and services and improve existing offerings. By utilising technologies such as the Internet of Things (IoT) and blockchain, companies can create innovative solutions that better meet the needs of their customers. The integration of artificial intelligence into automated processes and workflows creates room for manoeuvre for the development of new, innovative business models.

Conclusion

Digital transformation is not a one-off project, but an ongoing process that needs to be integrated into a company's DNA. At diselva, we are convinced that companies that take the digital transformation seriously and adapt their organisation structurally will not only increase their efficiency and competitiveness, but will also be successful in the long term. It is time to seize the opportunities of the digital world and prepare for the future.

Are you ready for the digital transformation? We would be happy to tell you how we guide and support our customers on the path to a successful and effective digital transformation. Let's shape the path to the future together!

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Michael Pertek

Chief Executive Officer & Partner

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