How does one get from Zero to Hero Digital Transformation? The key is to start. Remember, you don’t have to be good to start but to be good, you have to start.
The six steps in the Digital Transformation journey can be summed up as:
- Digitize
- Automate
- Collaborate
- Diagnose
- Predict
- Prescribe
DIGITIZE – GO PAPERLESS
Start by moving from paper documents to softcopies or digital representations using off-the-shelf software such as Microsoft Office. This will allow computerized systems to use digital representations for further use cases.
AUTOMATE - ROUTINE TASKS
Automate routine tasks by leveraging digital solutions and digitized data. For example, there are digital solutions for backend routine tasks such as order management, order fulfillment, inventory management, financial management and logistics.
COLLABORATE – CO-CREATE
Once you have adopted digital solutions within your organization, you are now ready to connect and integrate them with external parties such as Government Systems, Research Institutions, Supplier Systems and Customers Systems. When the systems are integrated, it opens up possibilities for collaboration and to co-create solutions that otherwise will be too difficult or too complex to manage.
DIAGNOSE - INSIGHTS
When digital solutions are adopted, data can be collected and analyzed. Companies then can employ varying levels of data analytics to gain insight and foresight.
PREDICT – NEXT ACTION
With insight and foresight gained from Data Analytics, the system is able to predict or determine the appropriate next steps. Predictive analytics uses statistical algorithms and machine learning techniques to recognize the likelihood of future events based on historical data. Prescriptive analytics provides guidance for the appropriate next steps to be taken.
PRESCRIBE – DATA-DRIVEN
Prescriptive analytics gathers data from a variety of both descriptive and predictive sources for its models and applies them to the process of decision-making. This includes combining existing conditions and considering the consequences of each decision to determine how the future would be impacted. Moreover, it can measure the repercussions of a decision based on different possible future scenarios.
HOW LONG FROM ZERO TO HERO?
The leading companies of our time – Facebook, Apple, Amazon and Alphabet – took years to continuously reset the bar with respect to innovation, speed to market and cost to serve. Today, many digital solutions are available and implementation can be pretty fast.
Companies who wish to start their Digital Transformation journey to get from Zero to Hero status can contact us at sales@zooloo.asia. We would be happy to hear from you.
Explore more
- MUST READ: Digital Transformation Journey
- More about Conceptualization | The What, Why & How for Business Owners
- Learn more about our “Digital Backbones”
- Learn more from our eBook series on Digital Transformation for Wholesale Trade
