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Digital Business Transformation

Transformation sounds like work? Mostly, it's exciting.

Renewal Makes for Better Business

Digitalization affects most industries - be it finance, logistics, media, technology or the chemical industry. This is so for a number of reasons: Disruptive business models keep emerging, ever more efficient technologies are surfacing and the internet is enabling customers to find the highest quality at the lowest prices. Customers won't stay with you just because they know you - you have to find ways to fascinate them. 

Digital Business Transformation affects your entire business, from product development, supply chain efficiency to customer service. It requires an overhaul of your business models as much as the modernization of your customer engagement. Digital Business Transformation is a challenge to your company, but it is worth every hour and every cent you choose to invest. Digitalization isn't going to go away - and those who won't go with it, will go down. 

Customers keep embracing e-services much more rapidly than businesses are willing to change. Middle-sized businesses especially ignore digitalization at their own peril, given that digital innovation forms the basis of modern business models. Only businesses that implement Digital Transformation can continue to be successful in the future. We at NOVELDO would like to make sure that you’re one of them. Taking our cue from the IMD Digital Business Transformation Framework, we'll take you to the digital future in five simple steps.

Be Digital. Be Better.

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How to reinvent your company

Digitalization can make a difference to your business, too. Learn about the benefits of Digital Business Transformation in our free ebook. Or else, contact us directly to discuss your individual digital business strategy. 

GET FREE EBOOK NOW

5 Steps to Successful Digital Business Transformation

Defining the Value Drivers

First, we decide together how customers will benefit most from your transformation. Will you offer

  • Cost benefits – Consumption-based prices, low prices through new cost structures (virtualization, cloud), economies of scale, discounts, etc.?
  • Experience benefits – Personalization, self-service, automation, shorter turnaround times?
  • Platform benefits – Internet marketplaces, crowdsourcing, collaboration, Internet of Things (Industry 4.0), social networks?

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Creating Digital Agility Within the Organization

We conduct detailed surveys and interviews with your top management, middle management and staff to analyse your organization’s current level of digital agility.

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Creating an Implementation Roadmap

Transformation takes place in seven core areas – these are the “chords on the digitisation piano”:

  • Business model
  • Structure
  • People
  • Processes
  • IT capability
  • Offerings
  • Engagement

We closely analyse each area with regard to digitalization, the objectives defined in Step 1 and the results from Step 2. Then we create a roadmap for implementation.

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Adjusting the Starting Point

We determine the ideal starting point based on the degree of disruption your business has suffered – to what extent has your product, technology or service already been supplanted by innovation? Depending on the degree of disruption (disruptive threat identified, disruption begins, disruption has effects, core business is destroyed), there are different strategies to counteract the disruption (block, harvest, invest, retreat, disrupt, redefine, exit).

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Implementing the Digital Transformation

The digital transformation of your business takes shape in the following eight steps:

  1. Developing a strong vision for change – together with your management
  2. Forming a team of technically and digitally savvy project managers who are responsible for implementation
  3. Fast testing and learning
  4. Chords on the digitisation piano
  5. Developing new patterns of collaboration
  6. Identifying customer requirements
  7. Establishing IT structures and implementation processes
  8. Regularly reinventing the digital transformation

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Expertise

Collaboration

Collaboration is the heart piece of any organization. Smart collaboration solutions allow for more focussed team efforts and enhance internal processes. Your employees will be delighted.

Lean Organization

Lean Organization concerns all aspects of your company. Any business process can become leaner - if only you know where to look. Get rid of excess efforts and your Sales Team especially will thank you. 

Automation

Automation provides competitive advantages to any manufacturing industry. Ensuring that no component is built in vain, Automation streamlines your manufacturing processes and saves you time and money.

Change Management

Managing Digital Change is just as important as initiating it. As change experts, we make sure that your company receives the change processes it needs to succeed.

Human Resources

Digital Transformation enhances and simplifies Human Resource Management. Admin processes become leaner, faster and more effective while your workforce enjoys more personal communication tools.

Augmented Reality

Augmented Reality is much more than a gamer's gimmick - it is no less than a pathway to more innovative and more productive ways of training, working and industrial manufacturing. 

Artificial Intelligence

Artificial Intelligence is revolutionizing the ways in which people live, learn and work together. It is still an evolving technology, but one that will shape our working lives future.