More than 80% of business leaders responding to a Gartner survey expect their company to become a digital enterprise by 2019.
To be a true digital enterprise, it requires more than a few technologies, what is really needed is the aspiration to evolve and adopt newer leaner ways to operate, proven and agile business models, hyper connected platforms, data analytics as well as superior collaboration capabilities. At the bottom of any digital disruption is the need to create better and more mature user experience that create new set of requirements and further provide new markets for it.
It’s evident that rapid advances in technology is redefining the whole social connection concepts and every passing day digital transformation is presenting to us in a new formidable face. Three years back, 70 start-ups achieved unicorn status, with a valuation of $1 billion or more. Whereas a regular Fortune 500 company took over 20 years to gain a $1 billion capitalization, digitization leaders like Google achieved it in 8 years and start-ups like Uber, AirBnb, Snapchat and others took only 3 years. While these are new forms of enterprises which are riding the digital wave to realize revenue streams and scale their business, in the industrial world such as oil and gas, aerospace, power and other core industries, many companies are also harnessing the immense capabilities of digital technologies to improve their operations, maintenance and product performance, and there by improve their business efficiency and profits.
This leaves us with an inevitable question. Whether you are ready for the digital transformation or not, if yes, how much you are ready to plunge in. And, while digital transformation provides unparalleled opportunities to create value and achieve success, it all boils down to superb execution to get where you want to be.
While rising the tide of digital transformation, there is an obvious status-quo dilemma that affects CIOs/CTOs at a global level. Where exactly should the IT budget look at and how to optimize the existing enterprise IT applications. The challenges that most business leaders must face now includes
The digital technologies of IoT, AR/VR, AI, Blockchain etc. is knocking the door in a most persistent manner and demands the industry leaders’ attention without much time to lose. The digital universe is likely to increase multi-folds in the next couple of years and when you combine the changing consumer behaviour with the Omni-channelled services your competition offers, it becomes even more crucial to face it now than ever. The industrial world needs to identify the systems that can add value or reduce cost through digital capabilities.
The answer to the above raised questions lies in finding a balance between digital disruption and deliberation of human factor. The factors that can lead to successful digital transformation can be summed up as
Empowering clients to leverage technological, cost and performance related benefits during the fourth & all-ominous industrial revolution, QuEST offers digital capabilities across the product lifecycle. QuEST enables enterprises to meet the aspirational technological future with minimal threat of digital disruption related risks.
With data science expertise, enterprise software and system engineering laced together, QuEST’s digital transformation solutions help you grow investments by helping with thorough design, development and implementation of digital solutions. QuEST helps you with
QuEST also consults on digital transformation and helps with adaptation, identifies areas apt for digital transformation and helps bringing in the required changes. With the right combination of multi-domain knowledge, and pervasive technologies like artificial intelligence, augmented reality, machine learning, and many more that help innovate and future-proof varied user platforms as well as ecosystems to continually optimize & enhance user experience.