The entire world is undergoing significant transformational changes in all sectors: education, science, technology, and, most certainly, in business.
Changes in the business environment have caused and continue to cause strain on the operations of big companies. Before the pandemic, many of them were changing and transforming their business models to adapt to the new times where hyper-connectivity is a reality and where a restructuring of their vital processes was necessary to become more efficient, agile, transparent, and profitable.
The speed of this process increased dramatically after the pandemic. The economic crisis caused by COVID-19 showed that it is necessary to adjust and replace old paradigms to create new employment opportunities, elevate competitiveness and restore the economy. But it is a hurdle to implement new technologies while also juggling your current operational process, while also dealing with your stakeholders, customers, and sometimes, even your employees.
The European Union, aware of the challenges of digital transformation in the region, has issued a strategy that seeks, among other objectives, to open up new business opportunities for companies and contribute to the development of a dynamic and sustainable economy.
To support the continent’s digital transformation over the next five years, the European Council passed the European Data Strategy, a vision for building a European data economy that is sustainable, competitive, secure, and capable of protecting people’s data and privacy. The strategy aims to create a society where data flows freely across the continent, helping businesses, researchers, and public agencies.
European companies, as the drivers of the economy, must continue or begin their digital transformation efforts. Today, they need to do whatever it takes to increase their efficiency and revenue. Taking on the challenges of digital transformation is not just an option, but a necessary step to ensure their permanence in the mid and long term.
While digital transformation is inevitable, it is a complex journey that is unlikely to happen organically. The evolution of technology allows many technological advances to move faster than the company and its personnel can absorb or implement.
A company with agile and transparent practices can adapt quickly to fast-changing business conditions, meet the market’s needs and become a leader in its field.
The issue is not as straightforward as deciding to embrace transformation, but rather how to make that change happen. It is only natural that many organizations may find it hard to identify the best technological solutions that suit their business and functional requirements.
Strong leadership is key to implementing a digital transformation project. Companies need leaders with clarity who understand that the ultimate goal is to implement a new business model that improves efficiency and performance while also fulfilling customers’ expectations, foreseeing challenges and opportunities in the short and medium-term to implement the solutions that will drive the success and continuity of the business.
Your digital transformation process requires insightful and visionary leadership with the right resources and skills, and the right expertise and coaching to drive the process and deliver the best results.
It is crucial to have a qualified and prepared workforce to deploy this demanding process and to be able to produce the innovative solutions that the company needs while taking care of the financial resources available for the project, providing strategic support and the best software development practices.
Sometimes, big corporations prefer to create stand-alone companies to implement technology and digital transformation projects.
If you need a team to implement the digital transformation project in your business, the best option might be teaming up with a qualified technological partner with the appropriate skills to fit the needs and interests of your company. You should look for a partner with a strong reputation, capable of engaging with you responsively and effectively, always looking out for your interests and achieving your goals.
Are you interested in launching your company’s digital transformation process? Let’s talk.