Organizations today are stepping up quickly to become more than what they already are. Digital Transformation is a key to that. What does the term digital mean? Digital is the way of engaging with customers.
Creating values by means of understanding how customer expectations are developing inside and outside your business, outside your sector. This is crucial in getting ahead of trends that can deliver value.
The next element of digital is to use new ability to enhance how customers are served. Each step of the customer’s drive in buy the products should be clearly understood by discerning how digital capabilities can design and deliver the best solutions and experience across all industrial sectors.
It’s all about implementing a dynamic process where processes and competencies are constantly evolving. This can be effectively done based on the inputs from the customer and by nurturing on-going product or service loyalty.
All inclusive approach that creates the more productive and adaptive workforce, uses digital transformation technologies to reinvent the employee and enable organizations to be more active.
The digital transformation insists that people attain new skills and get new ways of working. These will be the two trends for new talent and organization strategies.
Relevance is the currency of the digital age. It requires decision making based on intelligence and relevance to the customer.
Depends on how the customer is interacting with a brand and modifying interactions to improve customer experience.
Helping customers well bestow organization to be innovative in how they interact to sell the product to customers.
Modern businesses are disrupted by an unprecedented spate of new innovations. There is no second thought that existence and business have become strenuous. Each and every enterprise in this information era focuses on enhancing their productivity and overall business structure by integrating the latest technologies. Interestingly when it comes to certain industries regulatory policies are complicated and hence decision making becomes tedious. Even with this technology advancement companies are still dealing with same issue and they are fumbling. But we have not seen many companies choosing the right innovation and still struggling to choose a right one. Digital transformation has reformed in numerous ways globally.
The adoption of state-of-technologies and Digital Enterprise Solution has reformed enterprise management and its functions. Each organization and its functions are unique. As technology advancement is rapid, many companies are under tremendous pressure to deploy new technology for their process. Be it any company, irrespective of its size they should be prepared to face the new challenges from the customers. Adapting and embracing digital is more than an afterthought for today’s business. We all face critical choices today, be a disruptor or be disrupted. While we analyze the options, every advanced digital solution will make your process simpler and minimize the errors.
Digital Enterprise Solution allows the companies to compete and effective deliveries to its clients in the dynamic market. This brings a radical change in the organizational process which extensively steers company success, focus and aims to enhance organizational practices with advanced technologies. According to the latest study, 87% of companies have acknowledged the importance of Digital Enterprise Solution and its advanced strategies. Most of the companies have already embraced digital enterprise solution, while other remaining companies are preparing for the future. Experts claim Digital Enterprise Solutions not only improve the company’s coherence but also increase the revenue by 20%. Digitalization and advanced technology have opened up new opportunities and improve customer experience.
Customer experience is one of the major aspects of all businesses which assure success. This solution has adopted the latest technology and has developed advanced strategies to enhance user experience. This service helps the user to retain, acquire and assist more cost-effectively.
Profitability and efficiency are the two most important factors which determine the strong business. Digital Enterprise Solution transforms the process to automation by which it will drastically enhance the speed and accuracy of the process. It improves business functional operation with digital advancement which is cost effective and improvises sales flow. Over 20% of the operating cost is reduced, by which it enables cost management and implies effective control of the sales process and production. Digital Enterprise Solution allows the organization to start other new models and generate more revenue.
By adopting customer-centric and the cost-effective digital solution, it will help the organization to streamline the entire process. Amalgamating the operation and process connecting the wider audience and empowers businesses. Meanwhile, it will eliminate unwanted over-head expenses related to the outdated system and solution. As per a recent survey on Digital Enterprise Solution, it boosts the entire important department to collaborate as a whole for the communication. It also provides the organization with accurate data metrics and data analysis for any further process.
Refined decision making and better efficiency effectively rise market Penetration. By this, the organization can build a strong loyal customer base and helps in adding the new customers and explore the unexplored markets. This allows businesses to uncover more flexible and agile methodology based on various customer parameters.
Reforming to Digital Enterprise Solution can be a complex process for many businesses. If you are thinking about adapting to Digital Enterprise Solution, consult NEXT Inc. With world-class technology and industry- proven expertise, NEXT Inc is excellently positioned by delivering substantial progress in digital transformation. We offer various advanced IT transformations which are vital in this digital business era. We leverage emerging technologies with insightful capabilities to facilitate and modernize enterprises. So what are you delaying for? Think about shaping the future of your business.
Cloud computing has taken the technology industry by storm. It has emerged as an imperative service, essential for enterprises to connect the world digitally. Enterprises who fail to adopt this technology cannot sustain tomorrow's cloud computing market. Increasing adoption of wireless networking, cost efficiency and scalability will further propel the growth of this market. Eventually, the cloud is becoming one of the significant business sectors for many technology companies including Google, Microsoft, IBM, Amazon, etc. Cloud computing will provide the Digital infrastructure of tomorrow's cities which will serve the skyrocketing population. From smart parking lots to driverless cars, everything will be integrated and managed with cloud computing. Capacity planning, organizational agility, and cost reduction are the main business drivers for cloud technology.
Cloud computing is the on-demand availability of computer system resources including computing power and databases over the internet. The data are stored in a "virtual space" rather than a local server allowing the user to work from any hosted service. Here the internet becomes the cloud and all the applications & software can be stored, managed, and processed from any internet connected device.
Cloud computing consists of three types of services delivered remotely to clients via the internet:
IaaS (Infrastructure as a Service), is the self-service model of cloud computing. Here the user can monitor, access and manage remote datacenter infrastructures, such as compute, networking services and storage. This model provides a customized infrastructure based on the requirements and utility of the consumers. The IT resource provided by this service model is not pre-configured which allows a high level of control over the cloud-based environment the user intends to create.
PaaS (Platform as a Service) delivery model is pre-configured and deployed with ready to use IT resources. Through this service, developers can work effectively without the administrative burden as it contains the pre-packaged products and tools. The software components are built -in and reduce the number of necessary coding.
Software as a Service (SaaS) has the largest cloud market and a kind of web-delivery model where applications can be run directly from a web browser without any downloads or installations required. This model requires very limited administrative control as all the IT resources are provisioned by the cloud provider.
Here are the various types of cloud computing deployment models:
Enterprises are in an urge and eager to modernize their business and undergo a digital transformation. Innovations of new business models are essential for digital transformation. This transformation is spurred by the cloud technology which acts as a catalyst for innovation. Enterprise cloud solution provides all the resources required to perform business in an integrated manner. This happens within the framework of the cloud architecture that delivers a suitable solution. An enterprise cloud solution can be performed in a private cloud or in a public cloud. Each cloud computing service and deployments models provide a different level of management, control, and flexibility.
It is a hyper-converged platform allowing the enterprise to run Virtual Machines and Container Based Workloads. NEXT, private cloud solution gives you more control over your cloud infrastructure, so you can manage your resources in real-time independently. The rapid elasticity enables flexible ramping capacity as needed. Resource pooling can be done in a private cloud where tenants share resources that are dynamically allocated and provisioned. The intelligent platform offers data center consolidation, rationalization of OS, and virtualization of stack servers, storage, and network.
The Platform is an integrated software/hardware providing distributed compute, storage and network allowing the organization to consume the infrastructure in a more efficient, agile, self-serving manner. EXOS provides a unique layered approach in segmenting the cloud and its dashboard provides a consolidated view of the entire cloud. It’s control board provides relevant controls and analytic board provide appropriate information’s. It will assist the infrastructure owner in taking an informed decision quickly.
A container is a standard unit of software that packages up the code and all its dependencies so the application runs reliably and quickly from one computing environment to another. A Docker container image is a lightweight, standalone, executable package of software that includes everything needed to run an application: system tools, system libraries, code, runtime, and settings. NEXT, EXOS platform allows the enterprise in running Container Workloads. It runs Docker containers. The enterprise will be able to create Docker Swarm Similar Environment, Host, and Stack. The Stack can be orchestrated to auto-scale based on the set threshold.
NEXT EXOS robust set of infrastructure solutions provides consistent experiences with high speed, reliability, and productivity. Our private cloud platform differs from other cloud providers in a variety of ways. Below are some highlights:
EXOS Platform Management Portal allows users to consume the cloud in a self-service manner. This eliminates the need of App Developers Contacting the Infrastructure Administrator for Resources. Based on the Quota allocated, the Users of the Department, Organization will consume the infrastructure.
EXOS Platform allows an enterprise in setting up a private registry. The private registry will house all the containerized application images. This is similar to Docker hub except that it is hosting the images specific to the enterprise. The Private Registry is configured to house private Docker images which are proprietary to the enterprise.
A stack is a group of services. Stacks can be used to group together services that implement an application. It defines a basic service as one or more containers created from the same image. Service (i.e. consumer) linked to another service (i.e. producer) within the same stack are made discoverable to the “consuming” service.
The future of cloud computing will be expansive and powerful. For enhanced security and cost-effectiveness, cloud computing is an incredible option for enterprises. Due to its on-demand usage, ubiquitous access, multitenancy and resource pooling, elasticity, measured usage, and resiliency cloud technology is imperative to build a sound Digital Infrastructure
Digital transformation is predominantly used in the present business context. Digital business transformation is happening on a scale and companies across the globe are striving hard to change their business models in response to digital technologies. Plenty of CEO's want to transform their businesses as they perceive digitalization as an inevitable constituent for today's digital realm. Gartner survey January 2019 reveals that62% of businesses have a transformation program to make their business more digital. In the scope of this digital transformation overview, digital transformation is not just about disruption or technology. Rather it revolves around new competencies and business dimensions. Transformational efforts to become more digitally savvy are often done in an ad hoc manner, without an overarching structure or strategy. As per the 2019 Gartner survey, more than 70% of managers say their company is less than halfway through a business model change and are dissatisfied with the current transformation efforts. Businesses get stuck on their transformation journey and the problem is the snail’s pace at which that change is occurring. There is a lack of clarity about the right business model change. Changing market dynamics and blurring industry boundaries are yet another impediments faced A holistic approach with present and future shifts in mind can solve the problem. This needs a staged approach with a clear roadmap and shared understanding among the stakeholders. This approach can be daunting, the future state of the business should be accessed first and connected with the current business. The transformational vision for the future should be made diligently without jeopardizing the existing business. .
The business life cycle is dabbling across industries, creating an alarming imperative to innovate and to remain relevant in the highly volatile and ambiguous world. Inventing a new business model isn't a child's play. The proposed new business model should be deliberately connected to other model components to boost the firm’s competitiveness. Firstly, embarking on business model transformation is one of discovery. The functional leaders should explicitly understand the need, purpose and the method of transformation. Clarity and visibility are essential elements to propagate the business model change. The rise of new digital technologies and the disruption that brings to the market should be analyzed before the execution of the business model change. Digital or not, the business model change should include four components:
The implied promise a company makes to its customers regarding the value of products and services.
Individuals who purchase your product and services. The value proposition is made based on the customer analysis.
Recognizes value and measure costs associated with the necessary capabilities.
Recognizes value and measure costs associated with the necessary capabilities.
The new paradigm has the companies to focus on broader sets of options and simultaneously anticipate future business model changes. Going digital involves all aspects of the business from customer experience, operational process, and business model change. It includes a paradigm shift in systems and process integration:
Digitalization requires a paradigm shift and a different way of discovering and interpreting which is called as "discontinuous learning".
Discontinuous learning is found to be more effective as it unveils new market dynamics that require new business models. This discontinues approach is well suited for the fast-paced and unpredictable digital era. When compared to a traditional business approach, discontinuous learning reduces the reliance on historical assumptions. Hence the discontinuous approach forces the business to rethink and deeply investigate the current business model and help uncover the future unknowns. It further propels the understanding of digital change required for the business. Therefore, the functional leaders can develop business pilots in a targeted and disruptive way. Discontinuous learning catalyzes transformation efforts. Research shows that businesses that opt for the discontinuous learning approach achieve 10x digital business transformation goals of those taking a traditional approach.
The business model is the core of any company's marketing strategy. A viable business model is essential for digital transformation. To explore the potentials of business initiatives, companies deconstruct the business model test and disperse them in different markets. Deconstructing and innovating new business models provide valuable knowledge that can make a full pilot more successful. Such pilots developed must depict and resonate with the purpose of the business, technology infrastructure, human and physical resources, organizational structures, and strategies along with other business elements relevant to the enterprise.
Digital transformation even goes beyond the use of digital technologies. Despite all the technology it’s still about (digital) customer experience, stakeholder experiences or the human dimensions, empowered by processes, information and from transformational technology to transformation economy. Not all transformation leads to success, winners understand this and take a different approach. To stay ahead of the curve winners, follow the "discontinuous learning" approach and deconstruct their business models to suit the fast-paced digital evolution and stay in line with the digital transformation.
Organizations with multiple departments and employees struggle with workforce administration and management. Business leaders aim to maximize performance and competency across the organization. Despite the efforts, workforce management often falls short of its goals due to the inefficiencies in time & attendance tracking, scheduling & rostering and asset management. To tackle the problem, NEXT Inc's Workforce Administration provides a unique solution that enables compliance tracking with reviews. It is designed to efficiently manage and execute day-to-day organizational events such as work time/shift setup & mapping, attendance tracking & monitoring and asset management.
NEXT Inc's Human Capital Management System (HCMS) assists in establishing a happier work environment. Our Human Capital Management System (HCMS) also covers Leave Management, Compensation Management, Talent Management, Workforce Planning, and Exit Management. It takes charge of the entire Human Capital Management process while merrily you can look after your employees. Well advanced NEXT Inc's HCMS works adroitly for any sized organization.