The digital transformation of today’s businesses is believed to improve both financial and operational results within the next 18 months, at least. Customers drive more than 50% of this speculative success. While only around 25% of companies dedicate a budget to their digital efforts and strategies, today’s demands require a much bigger percentage to do so. However, digital transformation is never easy for a company that is new to this era, and many business owners are lost in terms of where to start. It’s not simple to find out which practices are more actionable and agreeable for your customers, but it’s essential to join the movement as the majority of businesses around the world are turning digital. In this article, we highlight the most effective strategies for any business to go digital. Keep reading to find out.
Implement Corporate Social Networks
Increased communication between company departments leads to better collaboration between employees, driving business success. This may be the norm for digital natives and larger companies that have implemented this strategy for a while now, however, for older generations of companies, joining a network may be difficult. Social networks facilitate communications between departments and speed up your operations. A digital hub where your employees can access real-time data is necessary for some business areas where workers are not required to be present in the corporate premises. It’s also extremely efficient in saving costs, time, and company resources such as computer storage or workstations for remote workers.
Corporate Open Online Courses
Corporate Open Online Courses are a great way to educate your new staff, upgrade and refresh your senior employees, and engage your entire company staff in a continuous training program. These courses are training programs that are held online and offered from corporate to the employees for educational purposes to increase productivity and eliminate errors. They serve as a great tool for both the company and the employees. Open online courses provide workers with great flexibility to learn at their own pace while ensuring the company demands and standards are delivered to each employee.
Older generations of employees are used to a slow workflow of handing out physical spreadsheets, taking notes, and printing up relevant documents every time a change needs to be made. Nowadays, Google has sped up the process of communicating business projects and editing real-time data by offering live drive storage that can be accessed across different channels. This way, you and your staff can access live sheets and make instant changes without having to print any physical documents. Moreover, your employees can access company data from anywhere using Google Drive without having to come to the office.
Automation is the key driver to going digital. Automated services help increase your system performance. There’s no denying that automated services and company processes streamline everyone’s job, but when a company automates their website functions and makes it easier for both its employees and customers to make online transactions, it manages to drive sales and increase revenue. Of course, the larger your business grows, the more operational demands you’ll be dealing with, so you’ll always need to upgrade your automated software.
This refers to Microsoft research labs, Google’s X research center, HP Labs, Oracle Labs, and other similar examples. The purpose of these labs is to promote innovation within corporate environments and detect new markets. However, these projects are judged to lack representation of actual employees working just as hard for the company and instead only incorporate an elite category of workers. They may also lead to the development of a two-tier structure within your company, a progressive lab, and the rest of your company.
These programs are designed to host your most talented employees who possess entrepreneurial spirits and are looking for ways to follow their passion. They help bring your most talented tech workers forward and make them feel more fulfilled in their roles within your organization. These programs, however, require high engagement from your company’s side and may be a little expensive to sponsor depending on your planned activities.
The majority of organizations around the world are going digital and reserving their place in tomorrow’s industry. It’s time that your company takes that step and joins the network of digital and online corporations competing for greater market share. These practices will help you go digital while increasing your workplace productivity and streamlining the most important tasks. Make sure you don’t make any of your new operational approaches mandatory so that older generations of employees won’t feel left out or constrained by your company policies.