The impact of digital transformation on business leads to global leadership and growth. Privacy Policy | back. noun. Also they facilitated traceability within and outside the organization through a single lot traceability report. place. platforms, In this example there is a big list of things that brought business benefits: Ÿ INR 120+ Million saved by optimized sourcing, Ÿ Reduced the time lag of price visibility from 1 day to 20 minutes, Ÿ 5% improvement in on-time delivery performance (OTIF levels), Ÿ Speed improvement by over 100x for root cause analysis: traceability reports will now be ready in <30min (earlier it took 18 hrs), Ÿ Optimized the warehouse utilization and reduced supply chain costs by INR 4.2 million. Measure the revenue that contributes to each action in relation to competitors, and, add value to the client through the technology, creating an easy shopping experience or controlling the whole supply chain. quality A readily available 3rd party solution failed too in configuring workflows and customization. With Quixy’s help, these companies are able to unlock their value by understanding issues and working in an agile way to develop sustainable solutions that can be used immediately to make work safer and more efficient. There is no information missing, customers have a real-time status, and execs have all their info! your In value... U.S., Simple processes like lead capturing were automated. The impact of digital transformation started these companies on their journey to revolutionize operations, improve product quality, reduce time to market, and unlock value. for is Customer onboarding processes became a breeze since the application process was within 5 taps and clicks on their devices. in less than 2 months. This started hampering both the accuracy of input data and the timelines for processing the payroll. running They started off with live tracking and reporting to facilitate quick response to changing situation for cost benefits, reduced decision time and improved opportunity capture. Just like what Quixy did, you need to automate all customer-related processes on priority to enhance efficiency and security. Industry. }); Please log in again. And, for executives, the key question is: This article will talk about and give examples of today’s digital challenge and how industries can thrive with the help of digital transformation and do strategic business. The Navyuga Group has several esteemed companies under them. Share Your Innovation Story for a Chance to Win the 2017 HANA Innovation Award. Using Quixy, the team at NTrust automated their claims processing method in no time. care ALL RIGHTS RESERVED. hbspt.enqueueForm({ This digital transformation of an administrative process enabled a sea’s change in the way transactions were carried out. it According to McKinsey, a consulting firm specializing in transformation, the digitization of companies is still less than 40% of its potential. You may unsubscribe at any time. The impact of digital transformation on business for Sunworks was massive! Future - In this hyper-competitive era, firms are increasingly transforming their business operations through advanced digital technologies. 22. Some, however, are taking things further and transforming data into new revenue and new sources of value. The challenge faced was manual processes again. It’s hard to keep up! Today’s industries are driven by quick, exponential, and, above all, constant change. Many businesses have already begun to transition themselves towards digital transformation as they realize that it is not something to be left for tomorrow. In order to do this organizations are increasingly looking at technology enablers like Big Data, Mobility, Collaboration, Analytics, and Cloud Computing to adopt. It proved that the effort to process payroll has reduced by 60% and employee satisfaction has increased. Digital transformation plays a key role in today’s business world. Also read: Top Digital Transformation Quotes to Lead Growth for Your Business. We define a successful transformation as one that, according to respondents, was very or completely successful at both improving performance and equipping the organization to sustain improvements over time. Content on ZDNet Multiplexer blogs is produced in association with the sponsor and is not part of ZDNet's editorial content. is Targeting cookies are used to provide visitors with relevant ads and marketing campaigns. In today’s business environment ‘digital transformation’ is a ‘trending’ and much-hyped concept, yet most companies go kaput and spiral somewhere in a space that’s not only devaluing but also most times just plain confusing. analytic a Analytical cookies are used to understand how visitors interact with the website. The transformation boosted employee productivity by 20%, and the satisfaction improved by 40%. are Most companies do not know how or in what technology to invest. Imagine the hassle saved! Changing the business processes and interactions with customers, employees and partners, by updating and evolving, digitally. Artificial Intelligence and Machine Learning-powered HR … Quixy continues to work within all of these and many more industries and businesses for future innovation. In order to keep up and stay competitive, business have to adjust to these demands by digitizing their processes and business models. To make this use case more relatable, we will illustrate it on an anonymized fast moving customer goods (FMCG) customer with their before-and-after situation. You will also receive a complimentary subscription to the ZDNet's Tech Update Today and ZDNet Announcement newsletters. health Countries around the world have voted for radical change, and uncertainty looms. The first thing Quixy did was automate the entire HR and Payroll process including Onboarding, Performance Management, Leave Management, Payroll Management, etc. There are 2 key problems that they wanted to address- the verification process and the constant customer calls for updates. vast reporting Reality A simple process was causing such hassles but now, with the service providers conveniently uploading their invoices with supporting documents, verification and approvals were a breeze because all of it was online and prompt. attendance reports, leave applications, etc. It was becoming tedious and cumbersome to have a consolidated record. The login page will open in a new tab. This is only one example of many more to come that don't leave a doubt that the digital transformation is the next step for businesses to stay competitive and take the right path towards the future. After logging in you can close it and return to this page. It They also created dashboards to get real-time status of claims processing, both for customers and NTrust internal teams. These so-called … is changing the The next generation of big data technology will lead to insights and correlations that reveal new strategies and even new business models. And we know, the question still stands: Our Answer: By harnessing data, automating processes, and optimizing them to change the way you make things—and the very things you make. What we noticed was that the management was troubled by the manual processing of invoices from the service providers. Today´s It also posed a security challenge as paper and telephonic based processes captured critical information such as personal details, financial details, property details, and transactions manually. still charity improve Sven Denecken "analytics" inefficiency of descriptive Using Quixy, most business processes across departments including, HR, General Administration, Business Development, Accounts, IT, Project Management, and Quality, were automated on one platform. Quixy studied the complexities and strategically began the automation at two levels to ensure a smooth transformation. With the numerous advantages of digital transformation, it’s a factor to consider when analyzing and assessing your company’s performance as well as planning for the next quarter. 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