Booming companies are now Digitizing — Here’s how to join in
Welcome to the Digital era – where every breakthrough from transport and communication systems, medical and market researches, to document management is digital. Everywhere we glance our eyes to, we see digital imprints. It is undeniable that we have entered into a society rapidly engrossed with everything electronic. Companies on the same page have entered into a rapid mass digitalization – and there’s nothing you can do about it.
Giant companies do have one thing in mind, “Let’s turn digital.”
According to Kate Smaje, director or McKinsey, established leading companies do differently in facing digitalization. These companies’ mentalities do have one in common: Digitalization is not the “me too” mentality against a competitor in the industry, but the constantly asking themselves, “Where is that ball going?” They put much effort into forecasting, albeit partial, the disruption from which that ball is going to hit. If they see that the disruption is strong enough, they openly welcome change to the point of total-system transformation.
Bloomberg’s Businessweek Research Services and Forbes insights tell the same story.
Big multi-million enterprises like Adobe Systems, eBay, Hewlett-Packard, T-mobile, and Mercedes-AMG have once decided to stop and think and then make a tough step. They have turned digital when it is needed. However, before these Fortune500 companies integrated wholly in digital, they have decided what their starting point first.
In the American Express’ monthly article entitled “The difference between success and failure is going digital,” they expounded the limitless opportunities in turning digital – from small to big enterprises. When faced with an opportunity, they ride the wave not go against it. As Economic Times cited, we need to take advantage of the flexibility of the digital platform. It is smart to make sure investments to be digital first – whether it is customer experience, internal processes, sales, or customer data collection – one thing or another, a company should make the firm decision to transform.
Regarding the transformation, it was reiterated by the American Express that going digital is not a substitution, but a complete transformation.
This transformation focuses on internal process (i.e., documents management, HR, IT, etc.) up to the external processes where the customer analytics is and so on. Having this whole transformation, real and substantial results will definitely impact the business.
As a matter of fact, referencing Capgemini Consulting, companies that are successful at going digital have 26 percent higher profitability, regardless of the industry. Going digital means acceleration of product development, drives innovation, and dramatically cuts costs.
“Organizations and their leaders need to hit the reset button on how they use technology to drive market differentiation, deepen customer relationships, and deliver growth and profitability,” said Paul Daugherty, Accenture’s Chief Technology Officer, in a statement. “The power and reach of converging IT trends such as mobility and cloud means that business leader need to understand the implications of a software-driven, ‘connected everything’ world,” he added.
The question for the enterprises is not “why” use the cloud but “how” should we use it. Companies going digital prioritize an electronic Document Management System. In the aspects of governance and security and IT structure, established and successful organizations leverage and harness IT innovation in the cloud.
Ride gracefully with the wave, not swim against it.
The disruption is about one after another, companies abreast turn digital. Leading companies chose to begin with transformation by first pinpointing what drives the whole company’s processes. Now, “how” should we use the cloud? As good as it gets, document management is a good start. Not surprisingly, the companies that were mentioned above (i.e., Adobe Systems, eBay, Hewlett-Packard, etc.) started to become systematically digital in different management aspects of their business.
Storage, Indexing, Retrieval, and Exchange processes drive companies’ innovation.
This means we, business to enterprise owners, embrace digitalization and start with the document process. Digitalization is not a harmful entity but an inevitable process being embraced and welcomed by the society. Ready to join in and ride the digital wave like those big companies? Start learning electronic document management system here.