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Showing posts with the label digital transformation

Impact of Digital Transformation on Business Cost Reduction

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  Digital transformation today is key to creating processes that automate tasks and convert cumbersome work into productive tasks. According to Statista , by 2023, the value of companies that would spend directly on digital transformation would reach a total of US $6.8 trillion.  An effective digital transformation strategy involves attaining digital maturity that leads to a considerable reduction of business costs. A mature digital transformation involves process transformation, adoption of digital tools to automate tasks, accounting software, team and collaboration tools, cloud-data storage, data analytics, software to manage sales, CRM, operations, finances, management etc.  For example, Salesforce - a cloud-based digital transformation software helps in automating marketing tasks, CRM, team collaboration etc. Similarly, ServiceNow - a cloud-based IT service management (ITSM) platform - helps in inventory management, employee IT support, HR service delivery and even a...

Registering sales in the retail sector despite social distancing norms

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  Across many nations, where the newest strain of COVID-19 has made an impact, social distancing norms and isolation have been the suggested measures. Workers have been asked to work from home, cities have been placed under lockdowns and schools have been shit. People are avoiding crowded places and the degree varies based on the severity of the outbreak in the respective nation.  While the entire situation may create havoc it is also true that it sure has an invisible hand in corrections. Retailers and customers are clueless but it is a fact that the pandemic is activating solutions that might just usher in a new revolution in retail technology. The article sheds light on some of the technologies that need to be adopted to sell while the social distancing norms are on! Technology that embraces the ‘New Normal’ A survey conducted by YouGov indicated that 85% of internet users in China and a sizable 83% in Hong Kong will avoid crowded places. More than 25% of those in the US ...