Incentives
Omni Business Solutions believe companies that successfully adapt to the changing environment and incorporate digital initiatives will gain huge incentives, such as boosted revenue, greater ROI, impressive shareholder returns and higher future value. Neglecting to act could have harmful repercussions.
Companies that successfully embrace digital at the core of their businesses achieve up to four times expansion on their return on digital investments than other industry competitors. Their digital returns also exceed the industry average for returns on overall invested capital. What’s more, they’re successfully scaling more than 50% of their digital proofs-of-concept.
- Digitize throughout the value chain
- Collaborate to innovate
- Embrace new business models
- Mapping the route to a digital future
A successful digital transformation will consist of identifying clear goals, corporations must define an objective with a widespread digital vision. This requires a broad scope to include their own organization and the wider ecosystem, as well as convey what the vision means for all their stakeholders. A digital value proposition must also be distinctly defined, with a clear idea of the performance drivers and strategic objectives that will inspire innovation and create value. With that vision set, companies must develop a digital roadmap, with clearly defined milestones.
To support their journey to digital transformation Omni Business Solutions can assist companies building digital platforms to break down silos, maximize data and solution interactions, and decrease the cost of digitization by averting the need of the mundane practices for each digital program. Deploying digital twins and digital threads can ensure smooth product lifecycle management across distinct functions and organizations.
It is also important to take a logical approach to legacy technologies, with a multispeed IT methodology that builds digital capabilities gradually. In addition, it is essential to cultivate a digital culture to introduce and nurture new methods of working throughout the organization.