Digital transformation helps businesses change in quality and quantity. It’s like switching from riding a motorbike to driving a car. Driving a car is expensive but helps you become more luxurious, safer, go further and have more opportunities to interact and do business. Buying a car costs 1 billion but can help you earn 5-10 billion, riding a motorbike only costs 50 million but you still have no improvement in your income decreasing day by day due to the inertia of age.
To reiterate, there are 3 stages from traditional businesses transforming to the digital transformation step:
- Data digitization
- Effective application of digital technology – Digitalization
- Digital Transformation
If you want to save money, you should stop thinking about effectively applying digital technology
If you think that applying digital technology to save costs, you should stop at the step of effectively applying digital technology. Digital transformation is a challenging step that requires businesses to change both in quality and quantity.
Digital transformation is changing the nature and strategy of a business
When you have been in the field for too long, you need a breakthrough, a revolution called digital transformation. You will have to risk rebuilding your business strategy based on the old platform or completely innovate. Digital transformation requires businesses to have a new strategy based on digital technology. If you do not have a specific strategy, start with digitalization and then apply digital technology.
When you have an understanding of digital technology, have a new business strategy on a digital platform. Then you will be confident to invest in successful digital transformation. Most businesses that fail in digital transformation do not have a strategy before implementation, or have the wrong strategy.
Many businesses misunderstand the concept of digital transformation, sometimes just buying management software and declaring that my company has successfully transformed digitally.
Digital change is creating new weapons for businesses to attack the market.
It is not necessary to convert to digital when the business has not reached the threshold.
Some examples of successful digital transformation
Tax department: convert all paper invoices to electronic invoices, it changes the entire process of issuing invoices, printing invoices, paying taxes…etc. Businesses are very comfortable when paying taxes, saving costs on printing invoices for businesses, the tax department is quiet and modern.
Timo Bank
The only bank without transaction offices, no branches. Only simple Kiod integrated in convenience stores. All Timo transactions are through the App, 100% of the costs of maintaining human resources and renting headquarters are eliminated.
Open University
Distance training is expanding and accounts for the majority of students at Open University.
What about you?
If you have money (or a lot of money), have dreams, have ambitions. Contact Maytech Software for advice.
