Expert Ermal Kopani is here with us to answer some questions.
Thank you for your time Ermal. Let’s start right away with the first one!
How might digital transformation help your company?
- current processes are streamlined
If you’ve been running a successful firm for a few years, you know that completing any operational procedure takes a long time. In a world where time is a luxury, you simply cannot afford to waste it on unnecessary procedures, whether operational or otherwise. Business processes such as communication, data storage, and analytics may become more adaptive and collaborative by utilizing digitalization and cutting-edge, new-age technology, hence increasing outcomes.
- Enhances overall efficiency
You no longer must be concerned about unanticipated bottlenecks because all your operations have been optimized because of digitalization. Digital procedures enable the rapid flow of information across departments, minimize unnecessary operations, and increase overall corporate efficiency. ‘Ermalkopani says’
As a result, the operating expenses associated with complicated, time-consuming operations are reduced. The digital transformation of the company eliminates data and information bottlenecks. Furthermore, simpler procedures and enhanced efficiency mean that workflows may be rapidly and easily altered to reflect your company’s shifting objectives and goals.
- Encourages a growth-oriented atmosphere
A robust consumer base, enhanced customer interaction, streamlined operations, and automated workflows are all benefits of digital transformation. As a result, it’s no surprise that businesses that embrace digitalization find it simpler to develop and expand.
For example, a company with no internet presence is likely to generate sales through retail storefronts and word of mouth. However, by developing a more optimized and sturdier website, the company will be able to attract more clients than previously. This implies they will have more opportunities to market their items and increase sales, and profit. Furthermore, by studying their existing clients’ behavioral patterns and comments, they may design new items that appeal to their audience and expand their business appropriately.
- Workforce empowerment
Technological improvements and innovations also enable employees to become more skilled and effective in their daily responsibilities. Working with optimized processes allows them to do all their jobs more quickly. Engineers are also exposed to cutting-edge technology such as Artificial Intelligence and Machine Studying via learning and executing digital transformation. They may benefit from their productivity by adopting AI-powered products and completing tasks in less time because of digitalization. They also get to gain advanced talents, which might help them with their personal development.
- Create creative new digital goods and services.
While e-commerce has become the absolute standard in retail, with customers of all demographics frequently preferring to purchase a range of different items and services totally online, eliminating the need for brick-and-mortar locations — this hasn’t yet transferred to things like vehicles. But things are changing. Businesses have a lot of space for fresh ideas and inventive sales methods with the rise of multichannel retail and the merging of physical and digital buying experiences.
What Are Its Consequences?
Ermalkopani answers, technology is continuously growing, and organizations must keep up with digital trends and be prepared to adapt. Digitization has several consequences. For one thing, technology has facilitated a more global economy by allowing anybody to conduct business with nearly anyone else from around the world at a reasonable cost. As a consequence of their inability to provide an online platform or physical area for customers to connect with their brand and products, small companies are failing to compete with multinationals; nevertheless, online businesses still require physical locations to fulfill orders and create items. To address these challenges, some major corporations have formed alliances with small businesses to provide them without the need for a second site.