How to overcome Digital Transformation Challenges
Digitalization of internal processes is step number one in operations and cost optimization and is essential for business in 2022. The digitalization processes have some key challenges in each company that are crucial to overcoming. For example, internal factors, such as organization culture and legacy technology, and external factors, such as the rapidly evolving digital market.
Every company or organization is different; however, some common digital transformation challenges are similar.
1. Big Data Management
With the rise of big data, the most crucial issue is the ineffective monitoring and analysis of data scale, leading to wrong decisions.
Using appropriate BI (Business Intelligence) tools and data-oriented decisions is a “must-have” for the organization.
Our iERP.ai product helps internal data scientists orient historical data in easy-to-understand dashboards and assist with customer behavior forecasting thanks to intelligent and AI algorithms.
2. Data Security
Data is today’s value, and SAFETY against cyber-attacks should be company priority number one.
3. Legacy Technology
Digital transformation projects are frequently hindered by legacy technology. So even though investing in the modernization of internal tools seems like an insignificant item in the budget, in the end, it may be an investment that will save us money.
4. Lack of a Defined Strategy
The approach to digital transformation should be straightforward. Without a strategy, a plan can’t effectively or efficiently allocate budgets.
5. Human resource
Refusing to learn new things or approach things innovatively is a common problem for company employees. Therefore, it is essential to keep employees educated on why digitalization is necessary and motivate them to innovate their workflow.
6. Confusion Between Digital Optimization And Digital Transformation
It’s crucial to understand the difference between digital optimization and digital transformation. Digital optimization refers to using existing technology or business practices differently, which does not require a significant amount of additional investment from an external perspective.
On the other hand, digital transformation requires a great deal of external investment and changes to internal processes, organizational structure, and more.
There are many ways to transform your organization digitally, but it is touchy to consider the internal and external factors that may present challenges. In charge of leading a digital transformation must also understand how legacy technology can introduce new technologies such as artificial intelligence or machine learning into the workplace.
In the field of Business Intelligence and predicting customers’ behavior,