Digital Transformation in 2023 is all the buzz! It has been ranked as the #1 business trend for the year.
Connectivity has exploded to a scale never seen before and businesses are having to radically transform, in order to compete in a challenging global marketplace. A strong digital core is now vital for organisations in 2023 and the next-generation of businesses need to be the best, not only at what they provide in terms of product or service, but technologically too.
Therefore there is an urgent requirement for digital transformation & innovation, whatever your industry.
Striving towards innovation. Fail to innovate. Prepare for failure.
So what is digital transformation?
Every aspect of business, from finance to operations, is run with digital tools. Digital has changed every industry sector and has proven benefits too. Businesses across the world are putting thought into their digital transformation strategy and when it comes to our area of expertise here at Innov8 - business management solutions, digital transformation is at the leading edge.
To create a robust and agile digital core, businesses must look at replacing their existing ERP systems with business management solutions that have modern capabilities, such as deep integration and connectivity, as well as scalability and most-likely some form of cloud/remote/online access.
Legacy ERP systems can limit user experiences, can interfere with productivity and efficiency which holds a business back, even if they have digital technology working successfully elsewhere.
So here's our 4 recommendations:
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Make the strategy business-outcome-first, rather than vendor-first.
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Separate core, standard systems from differentiated or specialist. A best-of-breed approach, with powerful, modern integrations driving automation and smart workflows.
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Understand the challenges involved with existing ERP systems and determine how investment in business management solutions could support wider business goals.
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Assess the merits of vendors to determine which ones would make the best long-term strategic partners.
You see the heart of innovation, driven by digital transformation is in essence, a strategic solution to develop a flexible and agile digital core, that will underpin and support business strategy.
Discover next generation business management solutions from Sage and Innov8. With a range of modular software, you can master the functionality and features that you need to successfully run and grow your business.