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Gone are the days of direct sales. People and culture lie at the heart of any workplace performance, and the more solutions you have available for efficient communication and collaboration, the easier it will be for your company to evolve. And, there’s no doubt that the process takes time, investment and patience. Failing to plan in that field comes with a … Most enterprises are in the midst of a digital business transformation meant to keep themselves competitive in an expanding digital market. Going digital makes it so much easier to interact and … It should incorporate a broad swath of how companies operate… Companies that fail to keep up with market-changing innovations run the risk of going bankrupt. Going digital requires dedication and commitment from every person. The answer isn’t simply investing in as much new technology as possible. Virtual Assistant: Amazon Echo – 2nd generation. While many companies are still struggling with how to channel their digital ambition, there are others whose strategies stand out and who thanks to embracing new technologies have strengthened their empire. This foundation is made up of two elements: Mind-sets. Why Sports Betting Companies Are Going Digital. The influence of the Internet and digital media is undeniable. There are a lot of computer software and applications that are available to help you get more organized and get rid of the mess. SuiteCRM Installation Guide for New Users, report by the Altagamma-McKinsey Online Observatory, Advertising concept: computer keyboard with word Digital Marketing on enter button background, 3d render, 7 Winning Formulas For Writing A Headline That Converts, Use Digital Marketing to Help Grow Your Local Business, How Digital Marketing KPIs Stand to Increase Sales, It is no wonder that research firm IBISWorld identified. If you would like to know more about why going digital is important to raise awareness of your business, visit our interview with Manchester’s own SEO expert Andy Kinsey. As the marketplace continues to evolve, the businesses that get ahead will be those who can replace the confusion and chaos of the traditional employee experience, with a unified system, accessible from any location and any device. Generate great titles for your articles and blog posts with the Tweak Your Biz Title Generator. Through the years, content marketing had grown to a $44 billion industry in 2013 according to the Custom Content Council. Here is a closer look at the top three reasons why all companies need to embrace technology as soon as possible. Going digital is very expensive. What Are Reverse Mortgages and Home Equity Loans? The key is to implement a strategy for secure and versatile communication before your employees start to use their own devices, without your input. There are several facts and statistics about Digital Transformation and its importance for modern companies. Using creative digital solutions gives you a competitive edge in your business world and a proper digitalization plan can help reinvent processes, improve quality and promote consistency. You can even track the bounce rate, which tells you how many visitors clicked on your website but left. I mostly address young professionals, educating them easy to digest content about investing, technology, and home improvement. This includes social media, analytics and project management interfaces. Readers can engage using the platform that suits them best. Having a digital communication system will allow employees to be more productive and focus on other tasks sooner. One company that I've come across has come up with a pretty good basis for a definition of digital in their marketing literature. EPOS Audio Summit – 4 Day Virtual Event – ON DEMAND, Talking Teams – Microsoft Teams Direct Routing Event – ON DEMAND, SAVE THE DATE – UC Summit 2021 – 25th January 2021. The IDC estimates that 40 percent of all technology spending will go toward digital transformations, with enterprises spending in excess of $2 trillion in 2019. Understanding the new, digital customer experience; 3 ways to get started with a digital transformation strategy; Digital transformation is forcing companies to change their business models and adapt to the new market reality. Being digital is about using data to make better and faster decisions, devolving decision making to smaller teams, and developing much more iterative and rapid ways of doing things. Using analytics or the basic website tool provided by your hosting company, you can easily track how many clicks, views, or responses your product or campaign got at a very low cost. Going digital will also allow a business to embrace a confluence of trends such as social media, search engine optimization, and display advertising or what is called content marketing. Today it is read by over 140,000 business people each month (unique visitors, Google Analytics, December, 2013). So, how do you create your own digital workforce? 4 Reasons Why Companies Go Digital To Survive COVID-1 COVID-19 may be challenging brands and retailers across the world but those that have invested in building out digital capabilities are continuing to generate sales and engage with customers at a time when commerce has otherwise ground to … It also found the total sales from pure digital marketing generated a $12.5 billion optimal profit. How long would it take an employee to browse through them whenever necessary? In fact we hear a lot about the digital landscape or the digital workforce or digital marketing. A report by the Altagamma-McKinsey Online Observatory found that 20% of online and in-store sales were driven by online marketing. Why You Need a Sales Funnel to Become a Top Sales Performer. As events have been shuttered due to COVID-19 companies have moved to a digital event strategy. All data and paperwork could be stored in a computer system, backed up with an online storage or an external drive. Going digital will also allow a business to embrace a confluence of trends such as social media, search engine optimization, and display advertising or what is called content marketing. How long does it take to print a document, walk it over to the fax machine or to another office and wait for receipt? Today, 95% of organisations say that a digital workforce strategy is important, and 87% of CIOs feel that simply giving employees more digital power could drive a minimum of 5% additional revenue growth in a period of 3 years. Are You Getting the Most Out of Your Lead Management? With digital marketing, small companies now have the resources to perform sales and marketing processes that were previously available only to large corporations. Digital Marketing actually levels the playing field, providing small and medium enterprises the chance to compete against the big boys and attract their share of targeted traffic. In this post, we are going to take a look at the success cases from different industries. Blog marketing helps your business become a trusted source of information. As such, employees are more dynamic, diverse and empowered than ever before. Five reasons why digital transformation is essential for business growth Whatever a company’s vision for the future, it must include digital transformation in order to grow But it’s not true that taking business online and doing digital marketing is expensive. The momentum is also on the digital’s side as these numbers are expected to reach $27.8 billion in the next five years. So if one thing is clear it’s that digital is driving business and that to succeed in your vertical you need to be on top of your game in this most important sector. Thinking in this way shouldn’t be limited to just a handful of functions. The name of the game in business today is digital. There’s more to the connections we make each day than the conversations we have on the phone. We take a look at some big-name examples. For many businesses, “going digital” means that your paper processes become digital processes. According to Deloitte, not only would 64% of employees be happy to get paid less if they could work away from the office, but organisations implementing strong digital tools see as much as a 20% increase in employee satisfaction. Gartner predicts that, by 2025, every industry will be transformed by digital business. With more and more customers doing online research before making a purchase, the returns on investment for online marketing is on a roll. Businesses have always had to disrupt themselves, but now, in … How many filing cabinets would a business need to keep all important documents? Take Xylemas an example. Introducing the Digital Workplace: Why Businesses are “Going Digital”, Microsoft Teams December Update 2020 - Christmas Special, UC Trends 2021 - Harry Moseley, Global CIO, Zoom, Streamlining UC & Collaboration Environments in the Digital Workplace, UC Trends 2021 - Lorrissa Horton VP & GM of Webex Strategy and Online Business, Cisco Collaboration, Enhancing CX with Microsoft Teams and Vonage, Reinventing Voice Artificial Intelligence with AudioCodes, Why Avaya Redesigned Avaya Vantage During the Pandemic. Communication has expanded. 4 popular destinations for tech companies. The key here is to find out how your staff prefers to communicate before implementing anything new. This way, you can develop a change implementation plan that aligns with your existing infrastructure. Data Center Proxies vs. If a customer searches your business on Google and didn’t find it, chances are he will look for another one. That is no surprise since it also found that 61% of customers say they feel better and would likely to buy from a business that offers custom content. Depending on who you ask there are plenty of different translations of this term, ranging from the “interconnected web of technologies” employees use to do their jobs, to the natural evolution of a workplace environment. 7 Easy Tips to Increase Repeat Visitors to Your Blog, Here’s How Social Media Marketing Boosts Your SEO Results, Benefits of Analytics in Corporate Wellness, How To Set Up An Employee Share Option Plan, Employee Training Can Be Your Path To Stability During Uncertain Times, Security Concerns to Consider When You Let Employees Work from Home, 5 Pet Business Ideas That Let You Share Your Love With Them, Factors To Consider Before Buying the Best Term Insurance Plan, Car Insurance Shouldn’t Be Just an Afterthought, How to Make Money from the Comfort of Your House, Review of SciURLs (Science News Aggregator). As the lines between the physical office and employee productivity continue to blur, firms have begun to embrace and implement new technology that breaks the shackles of the standard single-location company. If you’re not yet online and digital, you are missing out on a lot of opportunities. Noah Weidner is a restless self-starter with a vehement interest in all things that make the world go around: culture, politics, economics and all the people in between. Over … While the ability to work from home is a benefit many employees value, many companies lack the technology infrastructure structure to offer that capability without some sacrifices to … Going digital is a convenient and effective marketing strategy because of its low start-up costs, extensive reach and popularity. Is New Car Technology Really Reducing Accidents? By blogging on a regular basis, brand connections are strengthened. The concept of work has evolved, to a point where businesses are no longer just points on a map, they’re constantly-connected enterprises operating from various locations across the globe. Residential Proxies: Which One Is the Best? I can’t invest that much. Instead, it’s about taking your own distinct digital transformation (DX) journey, based on what you know about your employees, and what they need for productivity. In leading sectors, digital and mobile aids help workers do their jobs more efficiently, and routine tasks are digitized at the same time as new digital jobs are created. While improving customer experience (CX) is the end goal of many organisations today, the first thing you need to do to get a better customer experience, is support your employees. A digital content may contain links, visuals, videos, and other multimedia. Images: ”Advertising concept: computer keyboard with word Digital Marketing on enter button background, 3d render/ Shutterstock.com“, __________________________________________________________________________________. Employees who work in digitally-advanced environments are more motivated and productive, and an upgraded workforce can deliver endless opportunities, including: The statistics around digital working speak for themselves. Information can even be implemented in the form of virtual assistants that offer contextual support to employees. I also share the latest and upcoming trends in the global market. How To Choose An Inspirational Banner For Your Business, Key Points To Consider Before Developing A Mobile Application, How To Thrive as a Business With Remote Staffers, How To Drive Traffic To Your Food Blog Using Pinterest. Help your customers find you, help them appreciate what you do, let them talk to you, and make the experience quick and easy. Ultimately, today’s companies no longer have a choice of whether to embrace digital workforces or not. The right digital workplace strategy allows enterprises to bring down the communication barriers in their enterprise, and transform staff experience for greater growth, productivity, and innovation. The concept of work has evolved, to a point where businesses are no longer just points on a map, they’re constantly-connected enterprises operating from various locations across the globe. Innovative new technology like unified communications which brings dispersed applications together on the same device can make employees more efficient, productive, and satisfied. Maintaining a website does not require a huge workforce. For companies everywhere, a key phrase of the digital age has taken over. The more information any business has, the more powerful it becomes. This was the result of a 2012 Digital Influence survey which points to the dependence of consumers to internet and shopping research. There are also enterprise collaboration systems that you can download for efficient communication with people in the workplace or even virtual teams scattered all over the world. For companies, a digital business strategy is viewed as means of transforming their business, streamline processes, and making use of technologies to enhance their interaction with customers and employees, and deliver excellent customer experience at the same time. It means implementing the analytics, AI, and other solutions that can take advantage of everything from your buyer journey details, to the conversations you have with customers. Here are the reasons why you should ditch that fax machine and go digital: If it’s not on Google, it does not exist, at least according to 89% of consumers who turn to search engines to find information on products, services, and businesses before making a purchase. Essentially, it’s a move towards a more advanced workplace, driven by several key trends: As workplace demographics continue to shift, employers are embracing technology to facilitate a multi-generational workforce, adapt to the growing demand for mobile devices, and explore opportunities for increased productivity. The question is: Where are all these entrepreneurs and their tech companies going? Let’s take a look: 1. Filing and archiving information the old way does not only take too much time but highly inefficient. On the business front, the average employee goes through 10,000 sheets of paper per year or $80 cost per employee per year. Another online marketing strategy is creating and maintaining a blog. See our review of 2013 for more information. This consolidation of the company processes and operations enables the business to connect with their target audience and satisfy their needs. Digital Competition – Companies are under ever increasing pressure to compete digitally, and long established business models are being disrupted by “born digital” start-ups Customer Expectations – Customers expect a good experience across all touch points, you must ensure their interactions are seamless and exceptional Its techniques are preferred by a growing number of brand marketers because it tells a story. “Going to work” doesn’t just mean turning up at the same bland office every day and sitting at a desk. Most digital workforce experiences will include a consideration of: Communication is always at the heart of business transformation. The thing about blogs is they are simple, engaging and easily builds connection with consumers. I use the information to create viral and useful content. Increased Interaction With Customers. Administering surveys and focused group discussions to get to know your niche or your target market is a long and tedious process. There are many reasons why companies are making this change: Save Cost; Global Reach Its techniques are preferred by a growing number of brand marketers because it tells a story. With digital transformation, companies are taking a step back and revisiting everything they do, from internal systems to customer interactions both online and in person. This traditional way of office communication is a colossal waste of time. Yes, there’s probably none. BYOT, BYOA, and BYOD solutions are becoming increasingly common considerations for forward-facing brands. “Going to work” doesn’t just mean turning up at the same bland office every day and sitting at a desk. Most companies are jumping on the digital bandwagon without understanding what it is really doing for them and what the consequences are. I am a futurist who spends most of her time monitoring social behavior in search for new consumer and trends. When Sales Slow Down, How Will You Respond? By going digital, a business or company provides its customers a varied reading experience. Hail the era of indirect sales. But in the digital age, patients are focusing on prevention and maintenance, and demanding information about their health more frequently. Some of the destinations are a bit surprising. A little bit of innovation can go a long way for a digital workforce. Video communication has emerged as just one of the solutions to make external and internal comms more immersive for the modern company. Going paperless will not only save your business money but will also save the environment. Digital technology evolves every day, and with each improvement comes increased productivity for businesses. They’re not thinking about a big, bold aspiration that just satisfies today, makes me “me too” with my competitor, or is an incremental way of thinking about it. Finally, the move to the digital workforce means embracing the huge amounts of information you already have in your business. Everyone is online so why aren’t you? It is easier to track the progress and success of a business when it is online. November 23, 2020. Video can make presentations, collaboration, and meetings more engaging and effective by providing a deeper face-to-face experience regardless of where participants might be located. Today, "digital transformation" refers to how companies are reinventing themselves for the digital world. As smart mobile devices become more essential in the consumer world, employees expect to be able to access the same technology in their business lives. Mobile technology can break down some of the boundaries that prevent online training, meetings, and video learning from evolving. The workplace has changed. One of the things I see those companies that are starting to get some momentum on digital transformation do is they’re aiming where the ball should be. As a result, healthcare companies are being proactive by investing in wearable technology devices that can provide up-to-date monitoring of high-risk patients to determine the likelihood of a major health event. How do you keep them safe? The U.S. Environmental Protection Agency estimates that some 5,260,000 tons or 10.5 billion pounds of paper products were wasted and recycled in 2010. They offer a creative way of providing information with reviews and testimonials and encourage discussion and comments from readers and customers. Going digital means that you understand the hardware … The final element of our definition of digital is about the technological and organizational processes that allow an enterprise to be agile and fast. digital business transformation, which is more in line with the business aspect of the transformation. Noah Weidner. For some companies, digital transformation may be seen as a costly and unnecessary commitment. Recognizing this inevitability, 52% of CEOs and senior business executives say their organization has a digital … Name a business that does not have a website, a blog, or even its own account on Facebook or Twitter. The top three “trending” industries prove that online visibility translates to business visibility. Is it time for you to embrace a digital workforce? Digital marketing is considerably less expensive than other marketing methods. How Proposal Automation Can Save Time and Increase Sales, The Sticking Points in Optimizing Your Sales Funnel for Better Conversions, Don’t Let Debt Consolidation Lower Your Credit Score, Digital Transformation: Companies Advance In Understanding Borrowers’ Behaviors, How eInvestment Can Make High-Return Investments Extremely Safe, Understanding the Chapter 11 Subchapter 5 Bankruptcy Process. This is much cheaper than keeping loads of files in a cabinet or storage. The digital shift is also easy and affordable. By having online presence, you will get valuable information such as the number and demographics of your visitors — what they like, where they are from, and so on. Going digital doesn’t mean having a website, or having a Wechat account that sends fliers. While utilizing digital channels such as social media, ecommerce sites, and blogs can be extremely helpful for increasing reach and revenue for most businesses, digital channels are … Digital transformation is changing the way business gets done and, in some cases, creating entirely new classes of businesses. Specific prices vary based on what you’re doing but ad spend tends to be lower than other forms of marketing. However, ultimately, it’s the businesses that adapt and adopt that are … 3. The people using the technology in your organisation need to find it as empowering and supportive as possible if they’re going to give customers the level of service they’re looking for. How Instagram and Facebook Help Business to Generate More Sales? Work for the modern environment is no longer a destination, it’s a commitment to reaching unified goals shared by a constantly connected, but ever-more dispersed group of individuals. Defining a digital workplace is tough. By going digital, companies can bring more than just their workforce together, but also their entire architecture. What’s interesting about this is that it’s not the companies that are driving this change. 7 Business Takeaways from 14 Digital Transformation Statistics • Investment Is Increasing. Would you like to write for Tweak Your Biz? Ans– A lot of business owners have the cost factor in their mind. That is one of humanity’s absolute truths — people are impatient, people are hungry for information, and people want it with just one click. Some of the statistics are below: In the year 2014, about 88% of digital strategists and executives stated that their business or company was going through a formal digital … The study also found that the pairing of content marketing and social media marketing effectively helps businesses reach more consumers. Change: save cost ; why are companies going digital reach why Sports Betting companies are making this change: save ;! 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