If you try to evaluate the merits of digital transformation, you may see that it has endless possibilities in different domains, from marketing and sales to logistics and supply chain management. However, there are some benefits that hold true for all organizations, irrespective of their niche or size. Here are 9 benefits of digital transformation:

• Access to real-time analytics: Digital transformation empowers you to access real-time data from anywhere at any time. ERP software, IoT sensors, devices, and AI-based tools help you review important business data without slack and facilitate quick decision-making. 

• Enhanced customer experience: Digital tools give you an insight into customer data, including where they are, how they interact with your brand, what they want, and how they want it. Such data aids you in improving and tailoring your solutions so they align with your customer’s needs, and you can enhance the overall customer experience. 

• Digital fluency: Digital transformation helps to nurture a digital culture in your organization. When you introduce your teams to tailored digital solutions, it gives them an opportunity to become digitally empowered, broadening their horizon and empowering them to incorporate complex digital tools later as you scale up.

• Stronger connectivity across departments: Departments in a modern organization often need to connect and collaborate with each other. However, plenty of time is wasted when the collaboration takes longer. Digital tools make it easy for departments to connect, share information and fasten the decision-making process while helping to cut down time and cost.  

• Reduced errors: Digital transformation employs tools and different software applications to perform day-to-day tasks that can be otherwise tedious. The automation of such tasks reduces the possibilities of human error and saves time used for checking and corrections.

• Increased productivity and efficiency: In an organization, digital transformation simplifies their workflows and reduces manual tasks, therefore, enabling employees to take on jobs that truly require their expertise. As they do not focus on tiring processes anymore, their productivity and efficiency increase. 

• Better resource management: Digitally transformed organizations have better control of their vital data. The vulnerable legacy systems are substituted by robust digital tools that create a central repository of myriad business data. Therefore, rather than having to scramble for information, organizations can access all the crucial data on one platform, which also fuels better decisions.

• Increased profits: Digital transformation also increases the profitability of organizations. According to a report by Oxford Economics and SAP Center for Business Insights, 80% of organizations that completed their digital transformation have experienced a growth in profits. 

• Reduced costs: As you optimize business processes and invest in integrated solutions for all tasks, rather than different systems for each business component, you can bring down your operations cost. Digital transformation also saves redundant human resource costs.