Specific Examples of Digital Transformation + Key Challenges and Strategies

Learn about tools designed to streamline and simplify some of the most time-consuming responsibilities of the modern marketing and sales roles. Now, it has even extended this digital approach to include recruitment. JIM, is an Artificial Intelligence bot used to review applicants’ resumes, collect psychometric tests, and answer any basic queries – for example, about hiring response time or career growth opportunities. Only then does a recruiter get involved, looking at the scores JIM produces for applicants. Elevate can now assess the impact of customer support and where customer issues arise by measuring how many applicants interact with support and go on to complete applications. Because of this, Elevate is able to understand exactly where these issues arise in the application process and what pages generate most support requests.

Organizations are increasingly relying on automated inventory control systems. Some of the manual processes that are being replaced include supply chain management, tracking inventory, shipping, and fulfillment. These solutions will play a key role in coping with fluctuating consumer demand and providing excellent customer experiences. The digital transformation examples above feature a consistent reduction of friction in operations, product development, training, customer engagement, marketing, sales, and support. This is generally accomplished by streamlining clunky, disjointed processes, eliminating waste, and making new connections fast.

The company has moved to a massive cloud infrastructure that supports its extensive machine learning efforts. These efforts aim to parse data on everything from store performance and customer experience to supply chain and inventory. Mobile apps are designed for helping businesses in all kinds of ways. With banking apps, one gets hold of financial data, bank accessibility, tailored options, and personal financial management. However, this is not just limited to the banking industry; any business application helping an enterprise to understand and serving its customers personally.

Template 1 of 4: Digital Transformation Leader Resume Example

Certainly this will stimulate the creativity of brand fans and instill customer loyalty at the same time. Additionally, Big Data gives companies access to huge amounts of information from various sources, which increases their ability to predict the market situation. In early 2014, right before Microsoft’s transformation began, stocks were selling around $38 per share. Over that same period, revenue increased from $93.5 billion to $122 billion In 2019, Microsoft became just the third company to get a $1 trillion market cap, notably before its competitor Google.

This is especially true if you are applying to work in an industry you already have experience. Or a related field, but you may be required to have a master’s degree or a related certification to qualify. Beyond those qualifications, they will be looking to see years of experience in the digital transformation field and an indication of your leadership and management styles.

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Sound Transit’s challenge for digital transformation lay in integrating various legacy systems with progressive cloud-based ones into one coherent solution. LEGO restructured its Enterprise IT system to greatly improve the data sharing across the company – and with third-party-providers. And simplifying the user interface to give teams easier access to information and new tools to interpret data. Their turnaround came with newly-appointed CEO Jorgen Vig Knudstrop at the helm.

Over the following decade LEGO went back to its core value proposition and aligned it’s operational, technical, and marketing processes. The digital one, and its rapid digitization, invites us to find better interoperability. Increased market opportunities, more agility, productivity improvement, and increased efficiency are “just” surface level drivers for digital transformation. Underneath and in essence, digital transformation is an invitation to level-up our ability to make sense of the world and become more connected – seamless even.

From designing a UX strategy to integrating current data solutions, we have the best professionals to serve their clients. Deriving the highest value from the business data is the answer to success. If your business is dealing with massive amounts of data from multiple sources, data analytics solutions and serviceswill be helping you in transforming your everyday data into valuable business insights. The skills section is a great place for recruiters to see what you are capable of doing at a glance so it is very important to create a thought-through and wholesome skills section. The digital transformation leader position requires a blend of both technical skills and management skills. More job-specific skills may include things like process improvement or integrated marketing, while management skills may include Agile and project management.

• Adobe suffered declining revenues for three years straight, from 2011 to 2014, until finally in 2015 the recurring subscription model caught on and the company has never looked back since.
• For example, connected bracelets assist machine operators with the manufacturing process.
• Machine learning is another companion for banks that is having the potential to gather, store and compare user data in real time.
• Kroodle, a Dutch insurance company, interacts with its customers entirely through social media.
• The end goal will be to improve customer experience, market effect, and internal processes.
• Consumers now use cash airdrops, cardless payments through services like Apple Pay on phones or watches, and completely bankless banking.
• Digital transformation has both impacted the in-store retail experience and ushered in the age of ecommerce.

Retailers will need to improve data collection and integration to understand the customer experience. Automation technologies will help retailers to scale omnichannel offerings to meet increased consumer demand. Smart contracts – contracts that are automatically executed when certain conditions are met – may play a key role in breaking the banking industry’s reliance on paper-based processes. Moreover, smart contracts add security and trust in the financial markets. For instance, financial products like derivatives can be automated without the need for intermediaries.

The beauty of this approach was that it created a vast pool of machine-readable data which allowed third-parties to innovate and create useful applications. With powerful data analytics and a more direct customer focus, there digital transformation and process automation was a dramatic transformation of the company. It has resulted in a quicker product development cycle, faster response, the creation of new trends, and a stock price that has grown from $52 to almost $88 in just two years.

🟠 Big Data for Prognosis, Diagnosis, and Treatment

Simply put, digital transformation is the integration of digital technology in all areas of a company’s operations. This leads to huge changes in its functioning and can also significantly affect customer satisfaction and product quality. Thanks to DX, new, innovative products and services are cropping up. Hasbro also harnessed the power of digital storytelling through social media and video content. It combined nostalgic brands with forward-thinking channels to connect with customers.

Some companies prefer to implement an all-inclusive digital strategy, and they transform all parts of their organization at the same time. To choose the best approach, examine your whole organization and analyze where digital systems could help. Once the investment in digital begins, your business can use new products and data to identify growth opportunities. The COVID-19 Pandemic accelerated the pace and changed the digital transformation in the healthcare industry.

Digital transformation examples in retail

The LEGO Movie, it’s Batman spinoff, and various games boosted the profits of the company. These media successes were in turn further put to use by integrating them in actual product offerings achieving a coherent experience for all its customers. They must maintain data compliance, defend organizations from attacks, and still permit networks to function at their fastest and most flexible rates. To ensure networks operate as efficiently as possible, a security strategy must be applied consistently across all networks, applications, and data. NetApp Cloud Volumes ONTAP, the leading enterprise-grade storage management solution, delivers secure, proven storage management services on AWS, Azure and Google Cloud.

Better supply chain management, a greater ability to meet customer needs, more secure customer data management, and stronger profitability which leads to higher stock prices. The impact of digital transformation in the insurance industry is similar to our other examples in that consumer expectations are driving change. Web- and app-based self-service portals make it easy for consumers to comparison shop, enroll in coverage, use multiple agents and carriers for different types of insurance , and file claims.

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But those tools, he says, are actually the final step in the digital transformation process. Examine how each part of the transformation will affect your customers and your employees. Then, you can be intentional and introduce initiatives that positively impact your business. Brewing company AB https://globalcloudteam.com/ InBev underwent a digital transformation by compiling their network of independent breweries into a unified powerhouse. One of their priorities was getting their data in the cloud, and by doing so, employees can now pull data that’s gathered globally and use it to make data-backed decisions.

Digital Transformation in Education

Discover our resources on everything people development, leadership, talent & transformation. With the integration of the cloud, banks are now more open to incorporating banking APIs for highlighting data sharing and enhancing the overall experience. • Developed and managed a budget of $5 million for digital transformation projects, resulting in a 10% cost savings through efficient planning and vendor negotiations. There are a couple of team management styles or methodologies commonly used today.

Skills you can include on your Digital Transformation Consultant resume

Digital coaching is essential in any setting because it helps people access efficient coaching and guidance. It is especially useful for leaders who may not be able to access physical coaching due to their schedule or geographical location. On the occasion that the leader starts to form opinions contrary to the goals of an organization, it becomes difficult for cooperation to occur among workers. Conflicts of interest arise because workers have become dependent on the leadership of said person. If the leader falls from favor or is demoted, workers may find it difficult to adjust and work towards the organization’s goals.

Technologies such as RPA are already in use, and developing technologies such as Blockchain, Big Data, AI, and ML still need some time for full adoption. In the long run, these technologies will lead the path, but for now, you must consider these digital transformation examples that helped banks evolve and become more customer-centric. Most businesses have successfully passed this stage and are entering the second stage, which involves integrating modern tools such as robotics, machine learning, Big Data, and artificial intelligence. To achieve the full potential of digital transformation, organizations must leverage a combination of capabilities, solve business or customer problems, and build new capabilities. Otherwise, following some innovative digital transformation examples and analyzing if those examples can add value for your organization is also an excellent way to achieve your transformation goals. Can aid customer service teams, manage calendars, and make it easier to manage assets like social media.

Rely on the insights gained by analytics to make informed decisions and deliver a better customer experience. Using a bot as a part of your customer experience strategy will increase user satisfaction by 24×7 assistance. They adopted artificial intelligence and chatbot technology and leverage the anywhere, anytime nature of Facebook Messenger and a conversational interface.

Thanks to this, customers who can’t manage these tasks on their own are more likely to use the services of the company. As many digital transformations examples show, DX is not so much the future as the present. For a company to remain competitive, it must go through this process. Otherwise it will lag behind the competition, which is continuously improving.