The role of technology in business is crucial. It has changed every aspect of the way businesses operate.
With proper technology in place, small and medium-sized businesses (SMBs) can save time, energy, resources and money while becoming more productive, competitive and secure.
In a webinar session presented by HP for Business and organised by Star Media Group, the discussion highlighted the need for technology adoption for efficient business management.
Malaysia Digital Economy Corporation Bhd (MDEC) Global Growth Acceleration vice-president Gopi Ganesalingam moderated the session.
Kicking off the “Maximising Business Efficiency Through Technology” webinar was HP Inc Malaysia managing director Fayza Mohamed Amin, who shared that technology remained the key connector, and that it had been adapted to the company’s business model, especially during the recovery movement control order (MCO) period, in many different forms.
This Article Source is From: https://www.thestar.com.my/metro/metro-news/2020/08/31/efficiency-through-digital-transformation
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Innovative headways and digital transformation are progressively changing the automotive business.
With regards to increasing a progressed and better understanding, shoppers are getting additionally requesting, which is the reason automotive organizations are endeavoring to patch up their innovative and digital contributions.Digitization is expanding interests in the automotive business.
This decrease will take into account more straightforwardness in the flexibly chain and lower costs also.
It will likewise accelerate the procedures of configuration, assembling, and conveyance.
The upgrades to execution, adaptability, and creation will defeat the impediments in building brilliant production lines.PRESCIENT MAINTENANCE BASED ON IOT CONNECTIVITY TOOLSThis arrangement gives astonishing outcomes, for example, expectation of disappointment ahead of time and enhancements of over 30% in support uptime.
In the wake of handling the information, the driver will get a notice and exhortation about any essential upkeep or administration to evade mishaps or episodes.
For a successful digital transformation outcome, it is important that enterprises focus on both -- the right use of digital technologies and transforming existing business models.
Through digital transformation, enterprises can offer exceptional and personalized experiences to their customers and employees, resulting in improved brand loyalty, customer retention, and increased revenue.What Drives Digital Transformation?While technology is an important aspect of digital transformation, it isn’t the only aspect business owners should worry about.
Digital transformation is more concerned with shedding outdated processes and legacy technology than it is about adopting new tech.
Successful digital transformation initiatives start with a well-defined strategy that prioritizes business goals and identifies criteria for maximum success.
If a customer is dissatisfied with your products and services, they will not come back; or worse they’ll tell others to stay clear of you.
A poor customer experience could be the result of improper training, mismanaged operations, or sluggish process flow.
As gaps in capability - especially provision for remote working and dynamic collaboration - have surfaced, so the urgency around digital transformation has intensified.
Professional services organizations have become bolder in their ambitions, too - and are now looking purposefully at ripping out bespoke content management systems in favor of a simplified, consolidated, cloud-based platform strategy.The 'new normal' for professional servicesThere are other strong reasons to invest in change.
KPMG talks about the growing importance of the 'flexible contingent workforce' in future advisory engagements, for instance, envisaging a future in which at least 20 percent of talent - including specialist expertise - is sourced on demand.Professionals themselves have new expectations, too.
Firms that continue to rely on their own physical servers and on-premise data centers to store and manage everything, for instance, are likely to have experienced the biggest issues gaining access to the latest files and client information during lockdown.2: Remember one of the biggest takeaways of Covid: that even big firms can effect change quickly when they need to.We saw this first-hand during the lockdown.
Large professional services firms - which ordinarily might take nine months to conduct risk assessments, vet vendors and consider options from every angle before choosing and implementing a solution– were suddenly strikingly agile.
When necessity called for it, they were able to make and enact decisions within days – even with due diligence.Many had started down the road to deploying Microsoft 365 and were planning or had started Microsoft Teams pilots on a small scale, but the need to get something in place to meet demand turned these pilots into full roll outs, with tens of thousands and in some cases more than 100,000 users deployed in weeks.3.
