Digital transformation is the initiative to use technology for better business outcomes. It’s one of the biggest buzz phrases going around the business community right now, and for good reason. Both in the manufacturing industry and otherwise, business leaders are realizing just how powerful new technology can be.
Don’t make the mistake of assuming this is all just hype. According to Reports and Data, the global digital transformation market was already worth $261.94 billion in 2018. By 2026, it is estimated to be worth as much as $1051.12 billion.
Despite the obvious growing popularity of digital transformation, many manufacturing firms are still hesitant to bring new technologies into their work, for two primary reasons…
There are two primary obstacles that commonly prevent manufacturing firms from embracing digital transformation:
The important thing to understand is that both of these concerns can (and should) be addressed by your IT company. They should have the knowledge and capability to help you align new technologies with your business goals in a secure way. In doing so, they can give you access to a number of new tech-based advantages…
By choosing a cloud solution instead of conventional infrastructure, you will enjoy all the benefits of an up to date and optimized IT infrastructure, without having to pay more than your monthly service fee.
Business intelligence is the collection and analysis of data collected such as department productivity, overall growth, sales trends, and customer behavior. Applications of this data can range from something as simple as Spreadsheets for the organization, and storage of data to Online Analytical Processing or Reporting and Querying software. Each has a specific use and offers various benefits to your small & medium business.
Reporting and querying software extracts, sorts, summarizes, and presents selected data. This data could range from sale reports of specific items to a measurement of the efficiency of marketing plans.
These are just a few of the potential benefits of embracing new technology. However, if your IT company can’t or won’t help you attain them, then you need to find a company that will – a company like 403Tech.
In the end, modernizing your firm doesn’t have to be a massive restructuring of the way you do business. Step by step you can affect these changes, either by talking to your staff about mobile device use for work or consulting with 403Tech about how to harness newer technologies.
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