Digital Transformation

Digital transformation is the integration of digital technology into all areas of business. It seeks to find new ways of delivering greater value to customers by optimising the potential offered by digital solutions.

It is also a cultural change that requires companies to continually challenge the status quo, innovate, and inspire.

CIO

CIOs are increasingly tasked with generating revenue for their organisation, as opposed to simply maintaining legacy infrastructure.

Yet on average:

  • CIOs spend 72% of their budgets on existing IT concerns
  • Only 28% on new projects and innovation

How much more could be achieved if these numbers were reversed?

The four pillars of digital transformation:

Employee engagement

Employee engagement

Collaboration

Collaboration

Productivity

Productivity

Security

Security

Employee engagement

Employee engagement

42% of employees do not feel engaged.

  • Are your customers’ employees as engaged as they could be?
  • Do the digital tools they’re provided with help or hinder their work?
  • Does their current IT infrastructure offer mobility and flexibility in how their employees work?

Highly engaged teams are 21% more productive than those with low engagement. Providing employees with the right digital tools is a great way of raising employee engagement.

Collaboration

Collaboration

61% of employees find it hard to collaborate

  • Do your customers’ workplaces encourage collaboration?
  • Is collaboration made easy, or are employees siloed by legacy IT?
  • Is too much time and money spent on travel, when meetings could be conducted digitally?

Digitally transformed businesses can collaborate anytime, anywhere. They harness skills and abilities, regardless of location, and bring them together to create unique innovation.

Productivity

Productivity

Output per hour worked in the UK is 15.1% below the average for G7 countries.

  • Is more employee time spent on processes or creation?
  • Does existing IT infrastructure offer good revenue per employee?
  • Could more be spent on business optimisation if newer technology were adopted?

Those businesses who are digitally optimised drive 60% more revenue per employee.

Security

Security

58% of SMBs experience a data breach.

  • Does your customers’ digital estate have a comprehensive security strategy?
  • Is data used and storage by their business fully compliant with regulations?
  • Are devices and platforms managed centrally and uniformly, or unevenly and patchy?

The average cost of a data breach is around £2.95 million. A digitally transformed business can safeguard against these sorts of losses by ensuring their security policy is comprehensive, uniform, and up to date.

Resources

To help your customers discover how moving to smart meeting solutions can benefit them, we’ve created a battlecard covering everything they need.

https://enterprisersproject.com/what-is-digital-transformation

https://www.tutor2u.net/economics/reference/the-uk-productivity-gap

https://enterprisersproject.com/what-is-digital-transformation

https://www.itgovernance.co.uk/blog/the-cost-of-a-data-breach