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A Handbook of Digital Transformation for the Revolution 4.0

The transformative power of digital technology has become a familiar term in today’s science and technology boom. The operation process will gradually become cumbersome if enterprises do not adapt to this stage. Let’s learn about the digital transformation handbook to help enterprises survive and breakthrough in the article below! 

1. The importance of digital transformation 

As a result of rapid technological development and the Covid-19 outbreak, the market economy has been profoundly affected. Digital transformation is therefore essential for enterprises’ enterprise models. The ability to maximize human resources, save costs, and make high profits depends on this.  

Digital transformation in enterprise
Digital transformation is an inevitable trend of every enterprise. Source: Pinterest

In addition, Industrial Revolution 4.0 has brought many great achievements, creating practical opportunities for enterprises seeking the right direction. Digitization gives companies a competitive advantage, helps them keep up with trends, and spurs growth. 

2. Current challenges facing enterprises 

Enterprises are steadily developing their management structures according to the digital transformation manual in the 4.0 era. While optimizing, enterprises will face numerous challenges.  

2.1. Budget constraints 

Technology investment decisions are influenced by financing. Infrastructure upgrades, human resource optimizations, software, digital technology upgrades, etc., require large amounts of money. A lack of budget is causing many companies to give up midway when switching to the new system. 

2.2. Operational strategy is not specific 

Digital transformations play a critical role in Industry 4.0, contributing significantly to growth. To make the implementation easier, the procedures need to be detailed, with a clearly defined deadline and a standardized roadmap. 

Strategies for digital transformation
Strategic planning towards goals. Source: Pinterest

2.3. Difficulty in the security process 

Security is a top concern in enterprises. Documents, information, and customer privacy all require protection from leaks and loss. Considering process transformation for the organization is a major concern for leadership. 

2.4. Lack of digital skills and knowledge 

There are still a lot of enterprises with limited digital skills and knowledge. It takes time for employees to learn the tool, and to use it proficiently, when applying new technology. When employees are less familiar with digital fields and don’t want to change, this can also present a big challenge. 

3. Digital transformation process helps enterprises optimize revenue 

Digital transformation manuals at various scales are crucial for the successful implementation of technology solutions. At the same time, strategic planning is clearly the first urgent issue. Specifically: 

  • Step 1: Define your goal idea   

Analyzing the current economic situation, position, competitors, and market is the first step. This phase provides test results, field surveys and data summaries to prepare for innovation. 

Leadership begins with setting clear goals, vision, mission, and direction. Make a plan to set realistic, scalable, and effective human resource goals. 

  • Step 2: Plan and execute strategy 

For digital transformation to be successful, planning is essential. Predict the results and ensure a high level of detail, such as content of the work and the time to complete, as a way to ensure easy implementation and adherence to schedules.  

Meanwhile, the right strategy will ensure that the transition phase is carried out to the best of its ability. An effective strategy should be established based on the documents, statistics, and reports, based on the specifics of the background and field. 

Applying technology in operations
Apply new technology in business activities. Source: Pinterest
  • Step 3: Join the human resources team 

It is imperative that all levels of management participate in the implementation process. In order to find the best solution, it is essential to value the input of the staff on new ideas. Success also depends on the availability of high-quality and professional human resources who are ready to adapt.  

  • Step 4: Apply a comprehensive technology solution 

There are more and more scientific foundations and technological solutions that are being developed and optimized. Leadership requires attention, learning, and making selection decisions based on business conditions.  

New technology results in operation management, accounting, finance, sales, and revenue management, in particular.  

  • Step 5: Control and evaluate 

In order to deal with cases of risk promptly, enterprises should periodically review and evaluate work efficiency after completing the above steps. 

Bemo Cloud is providing fully automated transformation of management operations as the best technology solution provider. A large database, reasonable cost, and maximum security are all factors that enable enterprises to break through revenue barriers. Hopefully the article on digital transformation can give you some insight into the current challenges.