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How to Kick-Start Digital Transformation in Business?

Customer Think

Digital transformation isn’t about tech for tech’s sake – it’s about using technology to achieve business goals.” 87% of organizations claim to have profitable results after implementing digitization in business. Indeed this digitization has proved to be a boon for businesses.

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KPI Management: Digital Transformation Strategy KPIs

Flevy

We’ve living in the Digital Age. Pretty much every organization is pursuing a Digital Transformation Strategy to some degree. Digital Transformation Strategy encompasses the integration of digital technology into all areas of an organization, fundamentally changing operations and business models.

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What Does Digital Transformation REALLY Mean for the Channel?

PartnerTap

Digital transformation is not a product or a solution. Digital transformation is really about fostering a culture within your company that adapts to the changing digitized landscape. The Pandemic has only increased the speed at which digitization revolutionizes the way we partner.

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4 Actions Framework

Flevy

Opportunities for profits and growth diminish as the market space becomes increasingly congested. Products either transform into commodities or find their niche, leading to fierce competition that turns the industry into a battleground. That is why such an environment is called “red oceans.”

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Net Promoter Score (NPS)

Flevy

They may appear profitable at first since they are acquiring customers, but their overall effect of encouraging others not to purchase is damaging to the company as a whole. Detractors (scores 0–6) , on the other hand, voice displeasure and endanger a company’s reputation. They give the organization a score ranging from 0 to 6.

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Messenger-Based Support is Now Essential for Business Success

Customer Think

Digital transformation is advancing at breakneck speed, helping businesses become more competitive, resilient and profitable. In fact, a recent Deloitte survey found 69% of surveyed leaders plan to increase their financial commitments to digital transformation, particularly in response to the pandemic.

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KPI Management: Business Growth KPIs

Flevy

Gross Profit Margin Definition : The percentage of revenue that exceeds the cost of goods sold (COGS), indicating how efficiently an organization uses its resources. Return on Equity (ROE) Definition : A measure of the profitability of a business in relation to its equity, calculated as net income divided by shareholder’s equity.