3 Digital Transformation Solutions

What is Digital Transformation for Businesses?

Each business has its own organizational structure, making it difficult to provide a single definition that fits all. Simply put, digital transformation involves applying digital technologies to change various aspects of a business’s operations, leveraging existing advantages to create differentiation and motivation, and impacting the business model and operations.

Digital transformation is a global trend. When implementing digital transformation in businesses, in addition to impacting the operational machinery, companies can also positively change their work mindset, culture, and work environment.

Digital transformation in businesses is a process that is part of the long-term development and strategic direction of each company. Therefore, it requires proper and suitable directions.

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Why Businesses Need Digital Transformation?

Digital transformation solutions bring significant benefits to businesses.

Technologies are evolving rapidly worldwide, offering immense potential and benefits. IDC estimates that global spending on digital transformation technologies and solutions will reach nearly $2 trillion by 2022. To stay competitive or make breakthroughs, businesses must continuously innovate to align with general development trends.

Moreover, in the market, competitors have also changed, becoming increasingly stronger, with digital platforms allowing them to operate more efficiently, cost-effectively, and with higher quality. This intensifies competition, making digital transformation imperative for businesses.

Digital transformation is an inevitable trend in the era of the 4.0 Industrial Revolution.. Businesses need to understand this trend clearly and develop specific strategies, along with corresponding investments, to survive and thrive sustainably.

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pngegg Digital Transformation Solutions

6 LEVELS OF DIGITAL TRANSFORMATION FOR BUSINESSES

01
LEVEL 0

Not yet digitally transformed

Businesses have almost no digital transformation activities or only insignificant ones.

02
LEVEL 1

Initiating

Businesses have some activities at the initiating level of digital transformation.

03
LEVEL 2

Start

Businesses have recognized the importance of digital transformation and started activities in each pillar of digital transformation. Digital transformation begins to bring benefits to the business operations and customer experiences.

04
LEVEL 3

Forming

The digital transformation of the business has been essentially formed across departments, bringing practical benefits and efficiency to business operations and customer experiences. Achieving level 3 of digital transformation marks the beginning of becoming a digital enterprise.

05
LEVEL 4

Enhancing

The digital transformation of businesses has been taken to the next level. Digital platforms, digital technologies, and digital data optimize many business operations and customer experiences. Achieving level 4 of digital transformation essentially makes the business a digital enterprise with some core business models based on digital platforms and digital data.

06
LEVEL 5

Leading

The digital transformation of the business reaches a nearly perfected level, making the business truly a digital enterprise with most business methods and models primarily based on and led by digital platforms and digital data. The business has the capability to lead digital transformation and establish a satellite digital enterprise ecosystem.

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