Digital Transformation (DT or DX) or Digitalization (British digitalisation is the adoption of digital technology to transform services or businesses, through replacing non-digital or manual processes with digital processes or replacing older digital technology with newer digital technology. Digital solutions may enable – in addition to efficiency via automation – new types of innovation and creativity, rather than simply enhancing and supporting traditional methods.
One aspect of digital transformation (DT or DX) is the concept of ‘going paperless‘ or reaching a ‘digital business maturity’ affecting both individual businesses and whole segments of society, such as government, mass communications, art, health care,[and science.
Digital transformation is not proceeding at the same pace everywhere. According to the McKinsey Global Institute‘s 2016 Industry Digitization Index, Europe is currently operating at 12% of its digital potential, while the United States is operating at 18%. Within Europe, Germany operates at 10% of its digital potential, while the United Kingdom is almost on par with the United States at 17%.
(Source: Wikipedia, the free encyclopaedia)
Technology solution, DX is all about adopting a next-gen business culture.
Here are 5 Steps that decide the success of your DX/DT Strategy:
Setting up a vision is the first step to any process and the same for digital transformation. With the prime focus on experience, the DX vision strategy should ideally include long-term goals and short-term objectives.
Build your vision on the available resources rather than working out on innovations. Identify gaps and plan a realistic roadmap for implementations.
2) Market Analysis
Remember! You are in the race for next-gen transformation. So, it’s very important to understand the market dynamics and changing trends. This helps you create an up-to-date and relevant strategy that matches the industry competition.
Nothing to worry! The right inspiration could be around you in your own industry. All you need is a keen observation to changing market trends.
Feel the Experience
Considering the reality that DX is all about the end-user experience, you should first feel the experience that you wish to offer to your customer. That’s where the success lies in DX.
Even market surveys say that more than 90 percent of success in DX business depends on customers’ as well as employees’ digital experiences. Success in DX strategy lies in ‘how appealing and easy you make your offering to your customers’.
While the first three steps lay the path for your DX strategy, this step tells where you stand in the journey. In this step, you will have to identify gaps and take the necessary gaps to fill them.
Understand your current infrastructure, software, apps and more, and check their feasibility to future changes you make through DX. Don’t forget to identify key supporting, developmental areas and make necessary integrations as part of your DX strategy.
Last, but crucial step! This step involves monitoring and preparing the existing infrastructure for the all-new transformation. For this, you will definitely need an expert team of CIO, CDO and other qualified DX specialists.
If not in-house experts, its time you should think of hiring a reliable partner or a consultant who can help you in DX implementation. Besides, it’s also important to keep your internal teams upgraded with the skillset that the new transformation demands, by way of training, certifications and more.
YGL BeyondERP is ERP Strategy Industry 4.0 ready.
A lot of ERP solutions aren’t designed to enable real-time collaboration, which has a tendency to result in information and planning silos. This obviously makes it difficult to create an agile or dynamic planning flow that truly incorporates the massive influx of data from your production floor RFID chips or the IoT sensors in your warehouse.
How YGL BeyondERP can help SMEs in manufacturing industry to adopt and implement Industry 4.0?
We Help Manage Industry 4.0 Implementation via ERP System
With YGL, you’ll be working with the most experienced professionals in the ERP industry. Whether you need short-term support or resources for a long term engagements, our ERP Consultants have the expertise to help you implement and integrate the ERP system requirement for Industry 4.0. With a core team of functional and technical ERP consultants that are both skilled and certified, we can quickly implement a robust ERP System to maximize the value of your investment.
YGL BeyondERP system applications allows you to enable a seamless workflow from your finance to warehouse and right down to your production efficiency by providing you the essential management dashboard which allows you to have a clear visibility.
As an industry leader in ERP system Implementation, we can be sure that each YGL consultants have the highest qualifications. We provide a wide range of ERP System Integrations with experience ranging from IOT(Internet of Things) right down to Data analytics on OEE (Overall Equipment Effectiveness), supporting all functional modules to complete project management for your project needs. All of our consultants are fully vetted for the project they’re submitted for, which means you’re only reviewing the most qualified consultants who do what you need done.
We Can Help to implement ERP System Integration under Industry 4.0
We look forward to hearing from you. Contact us today so that we can help you with our YGL BeyondERP which is strategy Industry 4.0 ready implementation needs heading towards Industry 4.0.
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