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Are you prepared for the Digital Storm?

By WebMasterUSA | Uncategorized, USA | Comments are Closed | 6 May, 2019 | 0

The digital storm will impact every industry that is why it is important to understand what the digital storm is, how the digital economy is impacting industries, and the two emerging approaches companies are taking to drive the transformation. 

Digital technologies will impact every industry and business, it will transform the way products and services are delivered and monetized. These technologies are connecting people, the internet, and the physical world like never before. When everything is connected: cars, homes, farms and patients, business, as usual, becomes a thing of the past and the transformation of many industries accelerates. Here is a Digital Storm model to describe the impact of digital technologies on various industries. 

There are three stages of the digital storm, but eventually, all industries will be in the eye of the hurricane. 

HURRICANE:

Industries that are primarily consumer-driven such as banking, retail, and entretainment are already in the eye of the storm. Improng value position, convenience, and overall customer experience is key to success.

SEVERE STORM:

At this stage, we find industries like utilities, automotive and industrial machinery industrial machinery that are looking for ways to leverage IoT and machine learning to either change the way they deliver value or significantly reduce their cost structure.

HIGH WINDS:

Asset intensive industries that are more focused on business process innovation and workforce productivity. For them, digital transformation is composed of multiple small innovations that is going to deliver incremental value.

There are two different approaches companies can take the top-down and the bottom-up approach. A successful digital transformation requires the right approach and the right leadership to drive it. How do you know which approach you should take?  It all depends on the organization maturity and the goal of the digital transformation. Some companies are looking to set up digital innovation outposts; others are planning full-scale transformations, but all projects call for commitment and a clear strategy.  Take a look at both approaches: 

Both approaches have their own opportunities and challenges, but success ultimately comes down to how well digital initiatives are planned, prioritized, and executed.  Consensus will help you decide which is the best for your company, either applying only one approach or both approaches simultaneously and scale up your business with innovative technology.

Download the Digital Storm Whitepaper to learn more!

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Consensus Intl is a company established by a group of experienced consultants who were passionate about solving their clients’ problems. After many years of continuous growth, Consensus has helped more than +900 companies around the world to simplify, streamline and automate their organizations. By implementing advanced technology and strong business practices, Consensus Intl has enabled clients to run their businesses more efficiently, innovate and adapt to market conditions, increase revenue and increase profits.

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  • Solutions
    • What is SAP Business One
    • SAP Business One Cloud
    • SAP Business One HANA
    • SAP Business One Mobile Apps
    • SAP Business One Web Client
    • SAP Customer Checkout POS
  • SAP Business One for Your Industry
    • SAP Business One for Distribution
    • SAP Business One for Food and Beverage
    • SAP Business One for International Trade
    • SAP Business One for Manufacturing
    • SAP Business One for Pharma
    • SAP Business One for Professional Services
    • SAP Business One for Retail
  • SAP ERP Services
    • From MACOLA to SAP Business One, ERP for small to midsized businesses
    • SAP Business One Implementation Methodology
  • Resources
    • Consensus Blog
    • SAP Business One E-Learning for beginners
    • SAP Business One Success Stories
    • SAP Business One Tips and Tricks
    • SAP Business One Webinars and Workshops
    • How to Guides / Demos
    • Videos and Tutorials
    • Resources
  • Consensus
    • Our Values
    • Partnerships
  • Contact Us
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