Why digital transformation is important for your small business

For many small businesses, relying on digital tools seems expensive. However, this is an excellent investment to make for your business! The term “digital transformation” may sound like the buzzword of the moment but it is a vital element your business should focus on to experience profit increases, customer loyalty, brand awareness, and other business goals on your radar. Simply put, digital transformation (also known as DX or DT) is the process of integrating various digital technologies to create new, or modify existing, business culture, strategy, and customer experiences to suit an ever-changing business world.

Why should you consider a digital transformation for your business? Here are just a few advantages that come with digital transformation. 

Improves employees productivity and efficiency

With numerous digital solutions and tools at their disposal, your employees benefit greatly from a digital transformation. Various elements for the business’s operations may be time-consuming and tedious. These time-consuming activities and mistakes slow down the flow of the business’s operations and, in turn, negatively affect the efficiency and productivity rates. By implementing digital solutions and tools, i.e., undergoing a digital transformation, you cut out time-consuming tasks, increase accuracy and speed, and create an organized working environment, which increases productivity and efficiency. The improved productivity and efficiency rates empower your employees to cover more tasks and provide excellent service. 

Strengthens relationships

There are various parties that come together to help your business run smoothly and enjoy success. These include suppliers, contractors, distributors, and so on. However, there are numerous contracts and other document-based forms of communication you would need to rely on for these relationships to be effective. Technology offers an efficient way to prevent these obstacles. For example, both parties can safely keep documents for an extended period and easily access them when needed through cloud storage solutions. eSignature solutions streamline workflow making it transparent and more timely.  

This also applies to the various departments of your business. Digital transformation solutions create an effective communication channel, making it easy for information to be sent to inter-departments without the worry of miscommunication problems and other time-consuming conflicts. 

Provides security for your systems

Companies are frequently laden with sensitive information. To continue being the reliable and trustworthy business their customers believe them to be, security has come to be the main objective of IT departments. This digital and information age means threats to a business are not limited to just its office building but also its information. Through digital transformation, you can supply your business with the proper state-of-the-art cybersecurity solutions to ensure that your information is kept safe from unauthorized parties and the workflow is not put to a halt due to preventable attacks.

Transforms customer experience

A “traditional” business space would have customers coming in and out regularly to make inquiries or purchase goods and services. This may seem great for the business, but it is not always the case. Customers want an efficient business. A business that recognizes problems and resolves them for the benefit of the customer. Customers are also attracted to businesses that seek to give them a relatively different experience. By adopting digital transformation strategies, you give your customers something new. For example, you can create a website empowered by a Chatbot to help your customers get the information they need quickly and easily.

An easy-to-navigate website with a great design can transform your client’s experience, which in turn increases their satisfaction. If you’re considering getting a website, you should consult reliable designers such as RSM Marketing for expert web design services (Click here: https://rsmconnect.com/website-design/ ). Digital transformation strategies also remove the physical barriers that would have restricted your customers under the “traditional” business method. It replaces the initial one-to-one relationship businesses would have with a limited number of customers in a restricted area by making it possible for customers from any part of the world to access the goods and services of your business. 

Helps in decision making 

Data insights are vital in ensuring growth and success for your business. Data helps you to evaluate the condition of your business and to make changes where necessary. In digitally transforming your business, you have access to analytical tools that can help track your performance through various components such as your marketing campaigns or traffic from your website in real-time. The data obtained goes a long way in helping you decipher your customers’ needs and understand them better. It also gives adequate information to make the right decisions, implement the right strategies and puts the business on the right path to gaining higher Return On Investment (ROI). 

Keeps your business competitive

Many companies have experienced this benefit of digital transformation during the recent Coronavirus pandemic. A few months after the outbreak, about 68% of small businesses had collapsed. Upon evaluation, it seemed small businesses with existing digital transformation tools could keep up with the changes the pandemic brought and could operate efficiently. Since business and technology go hand-in-hand, advances in technology also mean changes in the current business state. Therefore, a digital presence in your business would go a long way to ensuring that you are always in the competitive race. Being competitive comes with significant advantages for your business. It encourages innovation, as you would want to out-do your competitors, and retain, gain, and satisfy your customers. It also keeps your employees motivated as beating the competition would be a driving force, which would, in turn, increase efficiency and productivity. Healthy competition increases sales and profits for your business as well. 

Digital transformation is a phenomenon your business should consider investing in. They give you a competitive advantage and fuel your business with the right tools it needs to stay running for years to come! What are you waiting for? It’s time to take the right decision for your small business by implementing a digital transformation strategy. Your business would flourish to great heights once you do. 

Until next time,

Andrea