What is Digital Transformation?
Digital Transformation is the overhaul of existing business processes, culture, and customer experiences, in favour of using digital technologies.
It can help a business meet increasing market demands.
Our blog What is Digital Transformation delves deeper into what it can cover and what a digital transformation framework could look like.
You might however question whether your business needs a digital transformation.
Often driven by a change, research has shown that businesses in the Alternative Investment sector are investing in digital transformation. This is partly because of the demand for remote working and the need for enhanced security.
Remote Working Security.
Giving your employees the ability to work remotely is important but it is also important to ensure that your business remains secure. A lack of protection offers opportunities for a cyber-attack.
There are technologies that can support digital transformation to help your business maintain security for example:
- Multi-Factor Authentication.
- Endpoint Protection.
- Cloud Computing.
Each layer of protection provides peace of mind but by moving to cloud-based solutions you can also introduce business efficiencies.
For example, by moving away from a more traditional on-premises file server to a cloud-based solution such as OneDrive or Egnyte allows employees to access data remotely but also from multiple devices or co-editing documents.
Click here for some best practices for employers and employees alike that can help to mitigate cyber security risks when working remotely.
Aside from security one of the main reasons to bring digital transformation into your business is to create efficiency which in turn can provide improved customer satisfaction and cost savings.
New technology can provide more flexibility and streamlined processes but to ensure that you get the right fit for your business it is important to start with a digital transformation strategy.
Setting out your business objectives will allow you to set achievable goals and prioritise digital initiatives.
Digital transformation, done well, provides opportunities. It can improve employee performance, enhance customer experience, and give you an advantage over your competitors.
The benefits are limitless however it’s important that you have the right IT partner to support you in this transformation.
With extensive experience in the alternative investment sector, we can offer bespoke digital transformation services. Get in touch today.