Digital Conversion And Numbers
Change your business with digital solutions.
All enterprises are experiencing large-scale digital transformation. In the past few years, the word “digital conversion” has swept the world. All companies are making efforts to leave their footprints in the digital field with technologies and solutions that meet the needs of customers, partners and suppliers. In order to achieve digital effects, enterprises must rethink their existing business models. Due to the availability of a large amount of information and dynamic requirements, customer expectations are changing rapidly. There is a value difference between what the customer wants and what the enterprise can achieve. Companies should strive to narrow this value gap. Otherwise, it will bring risks to the whole business. Natural digital players are already subverting the traditional business model. All enterprises should start thinking like them to maintain relevance or competitiveness. From the reason behind the success of these natural digital players, they can imagine that their business is a platform based business model. The platform business model is a fundamental transformation of the traditional pipeline business model, and the operation of the traditional pipeline business model is linear. Among them, the platform business involves a larger ecosystem of customers, partners and suppliers, and the potential value of data can be utilized through digital technology. The old way will soon end, and it is paving the way for a new way of doing business. Traditional enterprises must start thinking like technology companies. Some of them should be the imagination of the enterprise itself. You need to answer several main questions:
What changes and improvements do business processes need?
How to create value with the help of ecosystem through the participation of customers, suppliers and partners?
What technology gaps need to be addressed to accelerate the digital process?
Enterprises should be able to distinguish between digital and digital transformation. These two terms are often used interchangeably, but they have different meanings when forming a digital enterprise. Digitization is a vertical method of using digital technology to improve the productivity and efficiency of business processes without changing the existing processes. Digital conversion takes full advantage of digital to change business. Sonata helps customers reconfigure their business through the Platform. Supports ™ digital conversion. As a unique methodology of platform shaping ™ Sonata, we help enterprises think like natural digital companies through 16 exclusive technology frameworks, digital maturity research and digital consulting. This enables openness, connectivity, scalability, and intelligence. Implement the complexity of platform development into a proven framework to help enterprises accelerate their digital agenda. Obviously, digital technology will continue to exist. If we need to remain competitive and take advantage of the competition, we should think like platform companies. What is digital conversion? Digital transformation needs to completely reform the business and build new and better business methods. Use digital concepts to meet requirements. From the top management’s commitment to implementation to the bottom of the organizational pyramid, more specific efforts are needed.
What is digitalization? Digitizing means improving existing business processes, not completely changing or changing the business. Improve productivity and efficiency while helping to reduce costs.
What is the difference between digitalization and digitalization?
Digital transformation means business transformation. Digitization is enabled. Digitalization means improving existing businesses without completely changing them. What is the role of technology in digital conversion?
Digital transformation uses digital technologies, tools, processes, and people to restructure the business. This is a method that enterprises must spend time and energy to restore business navigation in order to maintain real competitiveness for many years.