The Benefits of Digital Transformation

What is Digital Transformation?

The term digital transformation refers to the integration of digital technologies into everyday life. Companies that adopt digital technologies can:

• increase efficiency
• improve accuracy
• streamline business-to-consumer relations
• boost speed
• innovate

To maintain a competitive edge and exceed customer expectations, digital transformation is essential.

Different businesses have different needs when digitizing. For some, the process may be as easy as replacing a paper document with an online spreadsheet. Others might want to digitize their entire organization.

The most important part of digital transformation is choosing a plan that works for your organization now and can be expanded later.

Not only does going digital improve revenue, according to 56% of CEOs, but it also provides multiple other benefits.

The Key Benefits of Digital Transformation for Organizations

Creating a More Productive Workplace through Improved Communication

Maintaining strong connections and good communication between teams is essential for any organization. Having a shared database between teams helps reduce errors. Data shared manually is more likely to contain errors, which can be costly and demoralizing for teams.

When businesses automate and digitize their internal processes, it increases productivity and improves customer experiences. Furthermore, teams who work well together are more productive because they have more time to focus on creativity and adding value.

A customer’s journey from start to finish is more streamlined when digital processes are in place.

Positioning your company for future digital growth and increased agility.

By digitizing many business processes, companies can be more prepared and adaptable to changes as they occur. Furthermore, it allows you to better plan, execute, and follow through with new strategies.

No one could have predicted or prepared for the COVID-19 pandemic. Companies that integrated digital technologies into their business practices were better equipped to adapt to the challenges and survive.

The pandemic acted as a catalyst for more companies to move towards digital technologies. The benefits they experienced during this time encouraged them to continue using these tools even after the pandemic ended. Due to the pandemic, 86% of companies have decided to continue their digital transformation at an accelerated pace.

With the current state of things, companies need to get more out of their resources. The skills gap is growing, making it more difficult for employers to find talent. With rising business costs, firms cannot always inflate their recruitment budgets.

With digital technologies, companies can continue to grow despite these challenges and get better results from current resources.

Improved Customer Experience

Technology is evolving the methods consumers and businesses use to research and purchase items. Digital technologies create more realistic buying experiences by allowing customers to custom-tailor options, make changes, and see what their final product would look like. With this level of detail available upfront, later changes in the process become obsolete because they’ve already been accounted for.

Customer expectations are at an all-time high, and digital transformation is the only way for companies to meet these demands while still being profitable. Automation buys journeying faster and with less human error. When company systems are connected, data creates more accurate pricing and delivery information. Also, order details can be sent straight to manufacturing, which speeds up lead times and increases accuracy.

Increased Efficiency & Productivity

Good data is key to digital transformation. Data and analytics help organizations make informed decisions and become more efficient.

You have better information and accuracy when you use the right data at the right part of a process. When an organization links data and automates tasks, it becomes more operationally and economically efficient. Additionally, lead times are shorter, improving customer experiences and reducing errors. From there, team members become more productive and have increased job satisfaction.

Digital transformation leads to a decrease in errors, an uptick in productivity, lower overhead costs, and additional opportunities for improvement.

“Adopting Digital Transformation is one way of enabling any business to compete in a global market. Passing and translating data seamlessly internally and externally compresses process time and reduces (and sometimes eliminates) errors. It allows mundane, repetitive tasks to be automated and means that there is more time for humans to do what WE do best, interact, communicate and innovate.“

– Glen Smith, DriveWorks CEO

How are DriveWorks Customers Benefitting from Embracing Digital Transformation?

KARACA GEMI, based in Turkey, is a company that specializes in designing and developing glass for ships all over the world.

KARACA GEMI has reached the following goals since adding DriveWorks Solo in June 2021:

• Creating 3D drawings of specified parts in a shorter amount of time.
• Automatically generating documents that are accurate and relevant.
• To cut down on the number of mistakes made while manufacturing
• They have a shorter customer inquiry response time, and fewer errors occur during the design to manufacturing process.
• DriveWorks’ document generation capabilities mean all the desired files are automatically generated, named, and ordered correctly.
• They can guide the customer through the product options on the configurator and submit an accurate order straight to the design team.

Are you looking for a way to digitize your company and see all of the benefits that come with it? If so, DriveWorks may be the perfect solution for you. With its ability to automate design processes and make them more efficient, DriveWorks can help you save time and money while improving your bottom line.

Interested in learning more? Contact TPM today, and we’d be happy to answer any of your questions. We know firsthand how beneficial Digital Transformation can be for organizations of all sizes, and we want to help you experience those benefits too!