The Importance of Digital Transformation in the Digital Age
The technological breakthroughs of the recent decades have reshaped the manner in which individuals, organizations, and institutions perceive technological incorporation. Having come a long way from the initial inceptions of the technologies that are regarded as essential in current times, the technological revolution is far from being over, and novel developments are currently under process in effort to satisfy the increasing demands of industries as well as customers. Business organizations have been highly affected by the technological innovations which have altered the manner in which organizations their business processes and operations.
The recent decades have been characterized by serious technological shifts across every operating industry as IT and telecommunications infrastructure became more viable and affordable for businesses of all sizes. Witnessing the trends of automation and digitalization across industries, the competitive landscape became highly affected by technological disruptions and the manner in which businesses chose to utilize them to their own benefit. Considering that some of the most renowned innovations have been based on digital technologies, businesses organizations have commenced with Digital Transformation as a mechanism that will lead towards business agility and enhanced business performance.
Digital Transformation refers to an evolutionary process that aims to leverage the value of new digital technologies for enabling major business improvements regarding processes, operations, products, and services. This process at its core uses the process of digitalization, where transforming existing products or services into digital formats, helps enhance its value and purpose in comparison to its tangible format. In its beginnings, this process has been associated with technological innovations and their incorporation into a business environment. However, the concept of Digital Transformation encompasses a wider scope of business transformation which focuses on the organization as a whole.
The modern highly competitive environment has increased the requirements of business organizations looking to secure a sustainable position within the operating industry. Due to the rapid technological advancements, the industrial spectrums have become uncertain in the sense that regardless of the current position of an organization, technological and innovative disruptions can render previous methods obsolete. Hence, business organizations have emphasized the importance of integrating an agile and adaptive approach that would enable them to successfully respond to market changes and disruptions.
The popularity of Digital transformation rose with the development of technologies such as cloud computing which enabled organizations to utilize the cloud infrastructure as a cost-effective solution in comparison to the conventional approach of heavy investments on on-site IT infrastructure. Through the development of cloud computing, organizations were presented with the opportunity of outsourcing services and cloud service provision which was regarded as a significant milestone that would pave the way for the development of many more technologies.
Assessing the Digital Transformation Opportunities
Digital Transformation is a highly-important process where the organization that undertakes it must have clear objectives outlined in order to gain the highest possible return on investment. Considering the modern landscape, every operating organization is to some extend going through a Digital Transformation process with the purpose of meeting the industrial demands and standards. Organizational changes are often perceived as a complex process that should be met with a proper alignment from every hierarchical level within an organization.
Due to the complexity of the Digital Transformation process, business leaders which have undergone through this process successfully stress out the importance of avoiding perfection, and instead, focus on achieving progress. This process of a continuously evolving, as is every technological solution that is being utilized, it is important to keep in mind that the longer the transformation process occurs, the higher the chances that the technologies of methods may become obsolete, and then business leaders would have to adapt to the newly established standards.
Considering the high rate of technological innovations and disruptions, the development of Digital Transformation strategies should foresee a shorter timeline rather than an extensive timeline which in due time can become obsolete because of the current dynamics. Moreover, the most important aspect in the development of a Digital Transformation strategy is the alignment with the business priorities and objectives to establish a clear roadmap towards achieving greater value through technological integrations.
The role of Robotic Process Automation in Digital Transformation
Automation in recent years has become one of the hottest topics in various industrial spectrums due to its high potential to enhance business efficiency. Robotic Process Automation refers to the deployment of software bots which replicate the manner in which humans interact with systems or applications and then help in the automation of the task. In the process of Digital Transformation, the implementation of Robotic Process Automation has been regarded as one of the go-to methods due to its satisfying rates on return on investment.
Though many organizations have regarded Robotic Process Automation as a short-term fix to a particular task or process that may require automation, it can actually be an important stepping stone for the broader Digital Transformation process. Though Robotic Process Automation deployments have been primarily conducted for automating repetitive tasks and processes, the highest value from this deployment is gained through the combination of RPA with other technologies such as Artificial Intelligence and Machine Learning which significantly enhance the internal capabilities.
Conventional Robotic Process Automation solutions were not intelligent solutions implying that the outcome from this deployment is known. Usually, the automated processes were standardized processes and transactional activities, but with the enhancement of technological capabilities, RPA solutions have started to integrate cognitive capabilities which have enhanced their value proposition. In the current environment, the popularity of RPA solutions has helped decrease the complexity of their implementation due to various vendors providing specialized solutions that fit different models.