How can digital transformation help maximize the value of an organization’s technology?
Digital transformation can be defined several ways. At Schneider Downs, we define digital transformation as the use of technology and business process optimization to improve the stakeholder experience.
But even beyond the basic definition, we also like to consider exactly how digital transformation truly impacts an organization’s people, processes and technologies.
In this article, we explore five key indicators that digital transformation can help your organization with technological shortcomings and opportunities.
1. Significant Use of Spreadsheets
If your organization has endless spreadsheets for project management, accounting and other key business functions, chances are, significant time is being wasted tracking files, allowing data security to be put at risk.
2. Lack of System Integration
Is your organization using multiple systems that rely on manual processes to speak to each other? Many organizations upgrade or introduce new systems as technology and business needs grow. While a commitment to new technology is a positive attribute, this often creates issues where system A doesn’t talk to system B, so staff must manually move files or data. Not only is this tedious, but this can also create data security issues, and becomes a waste of resources.
3. Lack of System Optimization
One common pain point is the issue of having great software or technology but feeling that your organization is underutilizing systems and not grasping the full value of an investment. Remember, learning how to get the most out of your systems allows you to optimize work processes which maximize the value of your investment.
4. Lack of Data Access
How accessible is your data? And more importantly, how fast can you access it? The ease of access and timeliness of critical reporting data (as well as the data security) are important considerations on evaluating if your technology is serving your business needs.
5. Technology Not Contributing to Growth
Technology should ideally help organizations meet their organizational growth objectives, therefore, it is imperative to evaluate whether technology is a pain point or contributor to your organization’s growth.
If any of the points noted above resonate with you, it may be time to consider how a digital transformation may help or organization improve your human capital, processes and technology.
If you are interested in learning how Schneider Downs can help your organization with digital transformation, please contact the team at [email protected].
This article is part of series highlighting the different ways digital transformation can improve critical functions across organizations. Additional articles include:
- 5 Key Indicators Your Human Capital Needs Digital Transformation
- 5 Key Indicators Your Processes Need Digital Transformation
Is Your Organization Ready for Digital Transformation?
Take our brief Digital Transformation Readiness Quiz to find out!
Digital Transformation Resources
- Schneider Downs Digital Transformation Articles
- Schneider Downs Digital Transformation FAQ Guide
- Schneider Downs Whitepaper:Â Key Indicators Your Organization Can Benefit From Digital Transformation
- Schneider Downs Whitepaper: Navigating the Digital Transformation Roadmap
- Schneider Downs Digital Transformation Solutions Overview
About Schneider Downs Digital Transformation
The Schneider Downs Digital Transformation team leverages technological innovations and our business expertise to develop strategic transformative solutions that drive business process improvement for organizations of all sizes.
To learn more, visit our dedicated Digital Transformation page.
