Digitalization Is the Way of the Future for the Business Sector
Times are changing and businesses transform themselves as technology evolves. In all organizational areas, human activities with low added value are gradually disappearing from business processes.
For this reason, more and more organizations are turning to digital tools that can provide a source of competitive advantage and produce ever-increasing time savings. But how can we lucidly explain why we are seeing organizations increasingly taking this turn?
It’s simple. Today, digitalization is the key to growth. In addition to providing businesses with increased flexibility and adaptability to the evolving environment of the market in which they find themselves, organizations that are more digitally advanced gain some advantages in time 1. These include:
- Better flow of information within the organization;
- Increase in productivity;
- Improvement in product quality;
- Increase in sales;
- Prompter response to customer needs;
- Reduction in costs due to the automation of activities;
- Improvement in the recruitment and retention of personnel.
According to the BDC2, businesses who have a high level of digital maturity were:
- 62% more likely to have enjoyed high sales growth;
- 52% more likely to have enjoyed high profit growth;
- 70% more likely to have exported;
- 3 times more likely to have innovated.
On the other hand, businesses who are lagging behind in the digital world have shown poor levels of performance and 25% of them have seen their sales drop in recent years. 2
So clearly, in order to remain competitive, organizations must focus on, and complete, a digital transition.
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We are, of course, well aware that managers and corporate executives have the responsibility of analyzing and evaluating various options in order to find the solutions that offer the greatest benefits. We also know that organizations must take into consideration their particular line of business, their collective agreement, and business rules. This is why this digital transition must be supported by a strategy and an action plan that are geared towards your goals. Our business analysts are present throughout your project. They collect information on your needs and analyze the different steps of your processes in order to offer you a solution that will meet all your expectations.
1 Digital Transformation, a Competitive Advantage in all Markets – rcgt.com
2 Digitize your business and gain a competitive edge with a step-by-step plan – BDC.ca Webinar