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Digital Transformation – A Strategy & Myth

WHY DIGITAL TRANSFORMATION IS CRITICAL FOR BUSINESSES IN 2023

Digital transformation is the process of using digital technologies to fundamentally change how a business operates and delivers value to its customers. It is critical for businesses because it can help them:

Improve efficiency and productivity by automating manual processes, reducing errors, and streamlining workflows.

  1. Increase customer satisfaction by providing a better, faster, and more personalized experience.
  2. Enhance decision making by providing real-time data and insights.
  3. Foster innovation by enabling the testing and rapid iteration of new ideas.
  4. Stay competitive in an increasingly digital world by continuously evolving and adapting to new technologies.

Overall, digital transformation can help businesses remain relevant and successful in an era when technology is rapidly changing and disrupting traditional industries.

HOW TO ASSESS DIGITAL TRANSFORMATION NEED FOR A BUSINESS

  • There are several ways to assess the need for digital transformation in a business:
  1. Identify areas of the business that are inefficient, slow, or prone to errors. These are often good candidates for digital solutions.
  • Look for opportunities to use digital technologies to better serve customers and meet their needs. For example, a business might use a CRM system to better track and manage customer interactions, or use chatbots to provide quick and convenient customer support.
  • Monitor competitors and industry trends to see how other businesses are using digital technologies. This can help identify potential opportunities for differentiation and innovation.
  • Conduct a gap analysis to identify the gap between the current state of the business and where it needs to be in order to be competitive in the digital age. This can help identify specific areas where digital transformation is needed.
  • Consult with experts or conduct research to gain a deeper understanding of the digital technologies and trends that are relevant to the business. This can help identify potential solutions and strategies for digital transformation.

COMMON AREAS OF DIGITAL TRANSFORMATION

There are many areas where digital transformation can be applied, but some common ones include:

  • Customer experience: Using digital technologies to improve how customers interact with a business, such as through online portals, mobile apps, or chatbots.
  • Operations: Using digital technologies to automate and streamline internal processes, such as HR, finance, and supply chain management.
  • Marketing and sales: Using digital technologies to reach and engage customers, such as through social media, email, and targeted advertising.
  • Product development: Using digital technologies to design, prototype, and test new products and services.
  • Data and analytics: Using digital technologies to collect, process, and analyze data to gain insights and inform decision making.
  • Security: Using digital technologies to protect against cyber threats and ensure data security.
  • Collaboration and communication: Using digital technologies to facilitate communication and collaboration within a company, such as through video conferencing, project management tools, and virtual workspaces

Do you need a quick scan for your business, we are here to help you for:

  • Quick scan – free of cost with NDA
  • Specific area to study
  • Overall strategy formulation
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Digital Transformation

Business Transformation in the Cloud Era

The need to deploynew functionality across the enterprise has never been more urgent.Whether the requirement is to transform internal business processes, improve interactions with customers, empower employees, or manage a more efficient supply chain, business decision makers across the global economy are being tasked with choosing and implementing new software and services at an unprecedented rate.

The enthusiasm for meeting the needs of a transforming global economy, however,is often tempered with a host of practical concerns. Whilefor the most partthe path to transformation liesin the cloud and in the servicesthatcloud platforms can provide, many companies are concerned with the complexity of movingor upgradingfrom an on-premisesto a cloud infrastructure. Simultaneously, other companies are struggling to understand how to match their specific business requirements to the different cloudvendors’ services and their deployment and operations models.

One of the reasons for this disconnect is that decision makers often fail to take a broad enough view of what is needed to move their companies forward. Many look at their choices as a matter of acquiring next generation functionality in individual domains such as ERP, CRM and HCM, with the goal ofdoing the same things faster, better, and cheaper.It’s a worthyset of goals, albeit one that can also be self-limiting.The reason is that while transforming a business can’t happen without moving forward in these individual domains, transforming in the 21stcentury also requires a mix of new and improved business processes running on a modern infrastructure that is itself adaptable to change.These new processes need to be a mix of best practices and business-specific functionality optimized by the cloud infrastructure they run on. Indeed, the ability to use the cloud and the advanced processes, services,and technologies the cloud can providebecomes as important as the improvements in the functionality of any individual domain.

This means that understanding the interplay between business processes, software and the cloud is more important than ever before; and understanding which vendor can best put these three elements to work moving a company forward to meet its specific requirements is the only way to overcome misgivingsabout how, when, and why implementing in the cloud, whether as an upgrade or via a net-new, greenfield implementation, is the best way forward.

This report will look at how an understanding of Microsoft’s Dynamics 365 for Finance and Operations offering, when combined with the company’s Azure cloud services, Office 365 productivity software, Power BI analytics, and other technology and services, can help drive successful transformations and provide a broader and more meaningful justification for moving to the cloud.

Dynamics 365 Strategies for Success

The need for businesses to innovate in order to more efficiently manage opportunities and interact with customers, employees,and other stakeholders has never been greater. Moving operations and services to the cloud is clearly the path forward. Many companies, however,struggle with how to effectively shift their businesses to the cloud, and behind that struggle is the challenge of acquiringnext generation functionality that moves themforwardin light of their historically siloed business operations.

It’s important to recognize that transforming a business can’t happen without moving forward across the entire company, not just individual domains like ERPandCRM. The focus needs to be on the interplay between business processes, software,and the cloud. Understanding which vendor can best put these three elements to work,moving a company forward to meet its specific requirements,is the only way to overcome misgivings about how, when, and whyimplementing in the cloud, whether as an upgrade or via a net-new, greenfield implementation, is the best way forward.Ideally, the vendor chosen to fulfill this role needs to be able to support an integrated set of applications and processes that deliverthe right functionality on an innovative cloud platform that itself is continually evolving to meet new customer requirements.

Enterprise Applications Consulting believes that Microsoft is a leader in meeting these complex needs.In particular,itsDynamics 365 for Finance and Operations, running on the Azure cloud, is ideally suited to support the transformative needs of the modern enterprise. The ability of Dynamics 365 to offer an integrated set of core enterprise functionswhile drawing on an active partner network to deliver last-mile, industry capabilities sets it apart from its competitors. The continuous improvement inherent in the Azure cloud is enhanced by its underlying services, and the innovations that Microsoft develops for its vast customer base can add highly valuable new capabilities for the Finance and Operations customer. The ability of Finance and Operations to support new business opportunities based on new levels of connectivity and collaboration across an increasing number of stakeholders is supported by the success of a growing customer base across a wide range of industries and geographies.

When the rest of the Microsoft stack is brought into play –Azure, Office 365, the Power Platform, and new innovations like HoloLens–the result presents a unique opportunity for companies to successfully plan and execute a vision of business transformation that is uniquely their own,while leveraging the best practices and standardization inherent in the cloud. This report is intended toshowcase how the mix of applications and cloud-based services that is unique to Dynamics Finance and Operations positions Dynamics in the context of the larger enterprise software market,andalso servesthe specific needs of individual companies. For companies looking for the greatest possiblesynergy between application, technology, and the cloud, the Dynamics 365 family, and Finance and Operations in particular, should definitely be on the short list. Regardless of when it makes sense to pull the trigger and move to the cloud, the time to plan is now.

Dynamics 365 Project Operations

A new Application is currently available starting October 1, 2020.

Dynamics 365 Project Operations connects sales, resourcing, project management and finance teams with a single application to win more deals, accelerate project delivery and maximize profitability.

The Project Operation New License offer:

-The Base License Cost: 120USD Per User Per Month.
-The Attach License Cost: 30USD Per User Per Month.
-Purchase Requirement: 20 User Minimum.
-Entitlements per Tenant:
Database Capacity.
Log Capacity.
File Capacity.

What is Microsoft ESD

What is ESD ?

Electronic Software Delivery (ESD) is the secure delivery of a product key directly to consumers and small businesses via retailers and resellers. Simply put, it’s just another way to sell Full Packaged Product (FPP).

Why ESD ?

  • 24/7 availability of the product
  • Secure and seamless delivery in a few minutes
  • Product is ready for use immediately after digital delivery
  • All benefits of a boxed product
  • Can purchase online (Optional)