{"id":857,"date":"2022-08-09T13:52:29","date_gmt":"2022-08-09T13:52:29","guid":{"rendered":"http:\/\/65.109.236.43\/?p=857"},"modified":"2024-05-30T06:02:04","modified_gmt":"2024-05-30T06:02:04","slug":"digital-transformation-strategy","status":"publish","type":"post","link":"https:\/\/appsco.com\/public\/digital-transformation-strategy\/","title":{"rendered":"Digital Transformation Strategy"},"content":{"rendered":"<div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-justify-content-center fusion-flex-content-wrap\" style=\"max-width:1248px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-1 fusion-sep-none fusion-title-text fusion-title-size-four\" style=\"--awb-margin-bottom:30px;\"><h4 class=\"fusion-title-heading title-heading-left\" style=\"margin:0;\">Think Big and Broad, but Please Make It Service-oriented<\/h4><\/div><div class=\"fusion-text fusion-text-1\"><p id=\"9ca8\" class=\"pw-post-body-paragraph mw mx fo my b gm mz na nb gp nc nd ne nf ng nh ni nj nk nl nm nn no np nq nr fh bj ns\" data-selectable-paragraph=\"\">he crucial challenge of accomplishing a successful digital transformation of any business lies in the terrifying gap between the fast pace of changes in the digital environment and the complexity of business remodeling which digital transformation imposes.<\/p>\n<p id=\"2ddb\" class=\"pw-post-body-paragraph mw mx fo my b gm mz na nb gp nc nd ne nf ng nh ni nj nk nl nm nn no np nq nr fh bj\" data-selectable-paragraph=\"\">Firstly, the business operation managers and employees are supposed to adapt and transform the entire business model in accordance with the ever-growing customer expectations and their newly adopted digital habits. They accept the same level of quality of the service provided, but much faster, safer and seamless, without any major disruptions.<\/p>\n<p id=\"2c31\" class=\"pw-post-body-paragraph mw mx fo my b gm mz na nb gp nc nd ne nf ng nh ni nj nk nl nm nn no np nq nr fh bj\" data-selectable-paragraph=\"\"><em class=\"ob\">Read: Gartner Says Marketing Strategies Are at Risk Due to Changes in Consumer Behaviors and Technology Innovation<\/em><\/p>\n<p id=\"bc41\" class=\"pw-post-body-paragraph mw mx fo my b gm mz na nb gp nc nd ne nf ng nh ni nj nk nl nm nn no np nq nr fh bj\" data-selectable-paragraph=\"\">Secondly, they need to update their systems along with the new technical requirements in terms of their hardware, software and\u00a0<a class=\"af oc\" href=\"https:\/\/www.forbes.com\/sites\/danielnewman\/2018\/10\/30\/want-digital-transformation-encourage-continuous-learning-for-all-employees\/#2f8de9c07fe3\" target=\"_blank\" rel=\"noopener ugc nofollow\">employee education<\/a>, which can turn into a long, painful and costly process.<\/p>\n<p id=\"f317\" class=\"pw-post-body-paragraph mw mx fo my b gm mz na nb gp nc nd ne nf ng nh ni nj nk nl nm nn no np nq nr fh bj\" data-selectable-paragraph=\"\">Finally, the legal regulations with a focus on the higher level of security and privacy protection ask for adequate compliance measures and the adoption of new tools necessary for their successful implementation.<\/p>\n<p id=\"946e\" class=\"pw-post-body-paragraph mw mx fo my b gm mz na nb gp nc nd ne nf ng nh ni nj nk nl nm nn no np nq nr fh bj\" data-selectable-paragraph=\"\"><em class=\"ob\">Read:\u00a0<\/em><a class=\"af oc\" href=\"https:\/\/blog.appsco.com\/gdpr-highlights-popping-out\/\" target=\"_blank\" rel=\"noopener ugc nofollow\"><em class=\"ob\">GDPR Highlights Popping Out: What We Need to Do for a Successful Compliance &amp; Cloud Governance<\/em><\/a><\/p>\n<p id=\"3612\" class=\"od oe fo be of og oh go oi oj ok gr ol om on oo op oq or os ot ou ov ow ox oy bj\"><strong><em class=\"hb\">Thus, digital transformation asks for a carefully planned business strategy that will take into concern all stakeholders in the process and all angles that need to be covered for the optimal and successful business reorganization.<\/em><\/strong><\/p>\n<p id=\"3e56\" class=\"pw-post-body-paragraph mw mx fo my b gm oz na nb gp pa nd ne nf pb nh ni nj pc nl nm nn pd np nq nr fh bj\" data-selectable-paragraph=\"\">But even if you have all these angles covered, you need a clear view of the broader image of it all. In the following text, we will point out some important elements, trends and possible traps that need to be taken into consideration before building a new business model or during the process.<\/p>\n<h2 id=\"370b\" class=\"pe oe fo be of pf pg ph oi pi pj pk ol nf pl pm pn nj po pp pq nn pr ps pt pu bj\" data-selectable-paragraph=\"\"><strong class=\"al\">Tip 1 \u2014 Forget about the past<\/strong><\/h2>\n<p id=\"a66b\" class=\"pw-post-body-paragraph mw mx fo my b gm oz na nb gp pa nd ne nf pb nh ni nj pc nl nm nn pd np nq nr fh bj\" data-selectable-paragraph=\"\">Even some company giants that seemed as if they will be eternal and stand the test of time did not survive the digital age of constant disruption. According to the 2018 statistics, only\u00a0<a class=\"af oc\" href=\"http:\/\/fortune.com\/2018\/05\/22\/fortune-500-companies-list-berkshire-hathaway\/\" target=\"_blank\" rel=\"noopener ugc nofollow\">54 companies are still on the Fortune 500 list since 1955<\/a>. The age of big players on the list has radically shortened, so obviously, the old rules do not apply anymore.<\/p>\n<p id=\"9566\" class=\"od oe fo be of og oh go oi oj ok gr ol om on oo op oq or os ot ou ov ow ox oy bj\"><strong><em class=\"hb\">The key element of this new approach to business is a service-oriented approach. You need to expand the range of services outside your traditional revenue stream and build your own ecosystem to satisfy all emerging needs.<\/em><\/strong><\/p>\n<h2 id=\"879b\" class=\"pe oe fo be of pf pg ph oi pi pj pk ol nf pl pm pn nj po pp pq nn pr ps pt pu bj\" data-selectable-paragraph=\"\"><strong class=\"al\">Tip 2 \u2014 Challenge the future<\/strong><\/h2>\n<p id=\"a86c\" class=\"pw-post-body-paragraph mw mx fo my b gm oz na nb gp pa nd ne nf pb nh ni nj pc nl nm nn pd np nq nr fh bj\" data-selectable-paragraph=\"\">Digitalization has brought us new space for important revolutions. With blockchain technology and automatization tools, the existing private and state systems are facing huge challenges:<\/p>\n<p id=\"d71c\" class=\"pw-post-body-paragraph mw mx fo my b gm mz na nb gp nc nd ne nf ng nh ni nj nk nl nm nn no np nq nr fh bj\" data-selectable-paragraph=\"\"><strong class=\"my fp\">\u00b7 We need to talk about double costs<\/strong><\/p>\n<p id=\"c2c3\" class=\"pw-post-body-paragraph mw mx fo my b gm mz na nb gp nc nd ne nf ng nh ni nj nk nl nm nn no np nq nr fh bj\" data-selectable-paragraph=\"\">We must ask ourselves whether we\u2019ll need a VISA, Mastercard and other existing payment models in the future, given the fact that we can now have instant mobile payments to a bank account. The future of sustainable economics is focused around the idea of avoiding high expenses and fee percentages for every single bank transaction. Couldn\u2019t we avoid banks and their high fees altogether with a central bank in each country from which all transactions would be made?<\/p>\n<p id=\"9419\" class=\"pw-post-body-paragraph mw mx fo my b gm mz na nb gp nc nd ne nf ng nh ni nj nk nl nm nn no np nq nr fh bj\" data-selectable-paragraph=\"\">\u00b7\u00a0<strong class=\"my fp\">Are you sure about insurance?<\/strong><\/p>\n<p id=\"de5f\" class=\"pw-post-body-paragraph mw mx fo my b gm mz na nb gp nc nd ne nf ng nh ni nj nk nl nm nn no np nq nr fh bj\" data-selectable-paragraph=\"\">Do we really need yet another insurance agency? Shouldn\u2019t we use digitalization and bring the insurance coverage to the national level instead of opting for various private insurances?<\/p>\n<p id=\"c723\" class=\"pw-post-body-paragraph mw mx fo my b gm mz na nb gp nc nd ne nf ng nh ni nj nk nl nm nn no np nq nr fh bj\" data-selectable-paragraph=\"\">\u00b7\u00a0<strong class=\"my fp\">Don\u2019t call me, I\u2019ll call you<\/strong><\/p>\n<p id=\"360d\" class=\"pw-post-body-paragraph mw mx fo my b gm mz na nb gp nc nd ne nf ng nh ni nj nk nl nm nn no np nq nr fh bj\" data-selectable-paragraph=\"\">Telecom providers have a stronghold in our daily infrastructure by offering their network and access to data. In exchange, they often make our data vulnerable and open to various misusages. Could we employ satellites in the future and minimize their influence?<\/p>\n<p id=\"3a67\" class=\"od oe fo be of og oh go oi oj ok gr ol om on oo op oq or os ot ou ov ow ox oy bj\"><strong class=\"al\">By switching on all of our senses and understanding the past, present, and future of business models, we will make the first step in shaping the company that will not only survive the current challenges of digital transformation but prosper in the future that comes ahead.<\/strong><\/p>\n<p id=\"6878\" class=\"pw-post-body-paragraph mw mx fo my b gm oz na nb gp pa nd ne nf pb nh ni nj pc nl nm nn pd np nq nr fh bj\" data-selectable-paragraph=\"\"><em class=\"ob\">If you need consultation or advice regarding a specific niche or the type of business,\u00a0<\/em><a class=\"af oc\" href=\"https:\/\/appsco.com\/\" target=\"_blank\" rel=\"noopener ugc nofollow\"><em class=\"ob\">we are willing to talk more<\/em><\/a><em class=\"ob\">\u00a0and empower you with the tools to boost your service offerings and the revenue streams.<\/em><\/p>\n<\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Vestibulum ac diam sit amet quam vehicula elementum sed sit amet dui.<\/p>\n","protected":false},"author":2,"featured_media":4514,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.1 - 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