Digital Transformation has become an industry buzzword. We’re here to clarify what it means in dollars and cents.
Digital transformation represents an organizational change where data becomes relevant and valuable. Once transformed, these organizations use data to improve decision making, connect with their customers, improve vendor relationships and allow employees to provide higher level skills and value to the organization.
Digitally transformed organizations think about their products and services in both a physical and digital space, use technology to improve customer service, often have an enhanced perspective of their market and how their business model operates within that redefined market.
We believe that digital transformation is a qualification to compete in today’s business environment.
The question people often ask next is – how much does this cost? We posit the answer to that question is nothing. The cost (and risk) is in remaining stagnant. Digital transformation uncovers assets previously underutilized by the organization. The proper investments in digital transformation will only empower your organization to survive and thrive – and when done properly it should yield an immediate and direct ROI that returns value back to the organization straightaway.
We’ve developed a Digital Transformation Accounting Worksheet ROI calculator for you to experiment with. Punch in your numbers and let us know what you think. We would be happy to discuss your digital transformation in more detail.
Noah is the Director of Business Development for BlumShapiro’s Technology Consulting Group. He brings over 25 years of business experience from entrepreneurial start ups, to over a decade of working at Microsoft in various sales, marketing and business development roles. Noah has launched Windows XP, Office XP, Tablet PC, Media Center PC, MSN Direct Smartwatches (an early IoTattempt), several videogames, a glove controller, and a wine import company/brand. Noah spent three years living overseas building out Microsoft’s Server and Tools business in Eastern Europe working with the IT Pro and developer communities. He considers himself a futurist, likes science fiction and loves applying what was recently science fiction to real world problems and opportunities.