The survey results indicate how, exactly, companies should make the technology-supported changes that differentiate successful digital transformations from the rest (Exhibit 2). It’s impossible to ignore cloud-based collaborative suites when looking for the right answer here. Today, mobility is crucial for employees who need access to data and resources at all times. To develop and grow your digital workplace, you need to learn how to successfully adapt to using a collaborative suite. Business process automation tools are software programs that automate and streamline business processes.

function of digital transformation tools in the success of businesses

An effective team communication tool like Slack can really make it easier for employees to coordinate with each other and work more efficiently. We’ve selected eight categories of tools for your digital transformation management. These are the different kinds of tools that you can use to make your business more efficient.

What is A Digital Transformation Roadmap?

These tools offer real-time visibility into project status, allowing stakeholders to track progress, identify potential risks, and make data-driven decisions. These tools enable remote teams to work together on projects, share documents, and communicate in real-time, ensuring that productivity remains high even when physical proximity is not possible. With the rise of remote work productivity, organizations have recognized the need for tools that facilitate seamless communication and collaboration among team members who may be geographically dispersed.

As Dr. Lent explains, successful transformation requires buy-in from across the organization. It also requires leaders to let go of some control in favor of amplifying data-driven findings and empowering employees across the organization. Having leaders at the top of the company who understand and are willing to engage with technology initiatives, even when it may feel uncomfortable, is essential for success. Building a digital transformation culture is frequently cited as the single most important task for organizations engaged in transformational change.

Cloud connectivity

Implementing appropriate security measures, such as encryption, access controls, and data monitoring, is crucial to ensuring compliance. By incorporating these tools into their workflows, organizations can reap the benefits of improved efficiency and accuracy, ultimately driving their success in the digital age. Cloud computing is a fundamental component of digital transformation, providing organizations with scalable and flexible infrastructure that enables efficient data storage, processing, and access from anywhere in the world. Organizations then determine how they must transform the digital business from end-to-end, including infrastructure, product development, operations, and workflows.

LumApps supports your digital transformation by providing a social and collaborative intranet platform that is tailored to your company needs. An example of some well-known project management solutions include Jira, Trello, Monday, and Asana. Research the various options available and choose the one that fits your needs best. Consider how these particular tools will integrate into your overall digital workplace, considering your collaborative suite, intranet platform, and other tools already in place. Data security is of utmost importance to all businesses, especially now that many regulations like the GDPR (General Data Protection Regulation) compliances require companies to take extra security measures.

A Team Communication Tool

We can help you ensure every level of your organization has the technical knowledge and strategic understanding to bring your company into the future. While targeted hiring is important, companies embarking on transformations should also consider reskilling and upskilling employees. Individual leaders will also benefit from gaining skills in this area to drive strategic decision-making and organizational initiatives. Today, Domino’s Pizza is everywhere—but a stock plunge in 2008 almost took the company down. In addition to heavily promoting a mobile app allowing customers to track their pizza from placing the order to cooking to delivery, Domino’s expanded its tracking technology to work on wearable devices like smartwatches. Further, the chain has used artificial intelligence to improve operations and is even planning for and testing delivery using fully autonomous vehicles.

  • Today, Tesla’s market capitalization is around $830 billion it holds an 18% market share of global electric vehicle sales.
  • Digital transformation has become a crucial aspect of success for businesses across industries.
  • By providing up-to-the-minute insights, organizations can enhance their operational efficiency and stay competitive in today’s fast-paced business environment.
  • By embracing cloud computing, organizations can enhance their efficiency, agility, and financial performance, ultimately driving their digital transformation success.
  • Tesla’s in-house production strategy – a deviation from the industry norm of sourcing components from third-party suppliers – not only provides cost advantages, but also helps the company to innovate quickly.
  • With Hive, you can assign tasks, communicate, and invite external users to collaborate.

Nearly 70 percent of all respondents say their organizations’ top teams changed during the transformation—most commonly when new leaders familiar with digital technologies joined the management team. When evaluating CRM systems, ensure that it can provide the right information and data you need, and that it integrates with other tools in your technology stack. Depending on if you want to deploy on premise or in the cloud, or based on the type of information you want to collect, different systems may work better than others. Take a look into Salesforce, Hubspot, or Freshdesk, which are widely used among sales and marketing teams. Also, when available, take advantage of artificial intelligence and its ability to more quickly provide insights and help you understand your target market. Choosing the right business process automation tools is critical for your company.

Beautifully designed conversational surveys. Highly engaging. 40% more responses.

VR, chatbots, and mobile devices are customizing the onboarding process, as well as improving employee service and support. Machine learning is helping to eliminate bias and ensure that businesses are champions for diversity and inclusion. Companies have discovered the immense power of digital tools in keeping them on track. And when it comes to things like employee engagement or customer satisfaction, being on track is incredibly important. That is why we believe it is so important to conduct regular surveys using tools like SurveySparrow.

function of digital transformation tools in the success of businesses

They have in fact created new business processes and solutions which have impacted the entire tech scene. In the first of the four Industrial Revolutions, steam power was the disruptive technology that changed the world. The pandemic has given all businesses a reason to consider the benefits of digital transformation. If you weren’t doing so already, it’s high time businesses incorporate these powerful digital tools in their workflow and make workplaces more efficient and productive.

Sales Experience

Task tracking is an integral component of project management, enabling teams to monitor progress, identify bottlenecks, and make informed decisions. Digital transformation has revolutionized task tracking, providing organizations with advanced tools and technologies. This can be achieved through the use of cloud-based collaboration tools that allow team members to access and work on shared documents in real-time.

function of digital transformation tools in the success of businesses

If there’s one thing to learn from the many notable examples of digital transformation success, it is how having the correct organizational practices in place is imperative for winning at such initiatives. As we’ll show, successful digital transformations hinge less on how companies use digital and more on how they become digital. It’s easy to acknowledge the game-changing role digital technologies are playing in the modern economy. The challenge, to which most companies have yet to rise, is figuring out how to fully capture the different kinds of value that these technologies offer. Developing a strategy for digital transformation that fully leverages this value is also not easy.

Responding to User Comments on Social Media Using ChatGPT

When data showed that more capacity was needed, logistics managers quickly arranged to have a 54,000-square-foot online fulfillment center tent erected and operational in five weeks. Complete with rooms for frozen and chilled food, the facility stocks more than 8,000 items and is now handling 3,000 online orders a day, making it the latest and largest of 75 fulfillment centers launched this year. “Our engineers thought that it was blasphemy that data scientists, who don’t know anything about metallurgy, were proposing that they knew how to run the plant better than they did,” Conger says. But what the AI data showed was that some of the historical recipes were limiting what Freeport was getting out of the Bagdad plant. “The AI model was telling us how much faster the equipment could be run and its maximum capacity,” he adds. By analyzing every aspect of the mining process, the AI models were showing what was possible.