Carry your “Legacy” into the Future
Businesses can stretch and leverage most of their data repository by simply transforming the data from a legacy database system to a digitalized database. Digital transformation plays a significant role in enabling businesses to scale business operations, driven by data. Gartner states that around 70% customer engagements will be driven by intelligent systems by 2022. If you are a business owner, CEO or a key decision maker for an enterprise then you may want to get aboard the digital transformation bandwagon- to transform your “legacy” into a future ready force to be reckoned with. Digital transformation can improve operational efficiency of an organization by 40%. Apart from building ergonomic operations, digital transformation also helps enterprises with meeting customer expectations, reduce product development costs, improve product quality, introduce new revenue streams, reduce TCO and deliver Return on Investments in technology & operations. So, why isn’t everybody executing a digital transformation plan? Gartner analysts said that more than 85% of organizations will embrace a cloud-first principle by 2025 and will not be able to fully execute their digital strategies without the use of cloud-native architectures and technologies. It can make the infrastructure extremely scalable and robust, with access to a wide range of future ready services. Digital transformation can create a technology framework that turns these services and data into actionable insights which can improve nearly every aspect of a business. While Enterprises worldwide have digital transformation initiatives on their wish lists, most haven’t made much progress with them. Mckinsey quotes- industries such as tech, media, and telecom, are struggling with digital transformation execution & the success rates have not exceeded 30%. The reason for this dismal tangible outcome could be attributed to a number of factors, a key factor lies in the assessment of the business processes and imperatives, clear goals for digital transformation, gap analysis and the ensuing strategy. The planning and implementation come later. Mearas Technologies, with its extensive experience on the business side of digital and technology transformation, can be a partner for such organizations to help understand the unique business processes, help define clear objectives and create a practical yet robust digital transformations strategy. While the organization can continue to focus on its core business, Mearas can also translate the strategy into planning and implement the digital transformation initiative.
Statistics
1. Digital Transformation improves operational efficiency with AI powered tools by 40% 2. It helps businesses to meet customer expectations by 35% 3. Out of all the digital transformation campaigns less than 30% succeed. 4. Increases business performance through data availability by 49%