Disclaimer: The views expressed in this article are those of the author and do not necessarily reflect the views of the Economic Times – ET Edge Insights, its management, or its members

Business,Corporation,Organization,Teamwork,Concept

Every aspect of our life and work is now automated because of digital change. The digitization of company processes has resulted in a greater emphasis on efficiency, improved stock valuation, and an improvement in success rates. However, it cannot be denied that the rate of digital change has increased to a disruptive level and has gotten a new focus point only after 2020. Businesses are being compelled to adapt to a constantly changing work environment, in which employees are distributed across geographies and communication occurs over physical barriers.

Benefits Associated

The hybrid work paradigm is a brand-new concept that blends on-site and remote working. It facilitates the creation of a flexible work schedule as opposed to working at a desk in a traditional office job. Employees in a hybrid work style split their time between working from home and going to the office. Employee productivity has significantly increased as a result of this work style, and employees had a more flexible work schedule. Cloud platforms make the shift from the old to the new normal simple and painless.

Cloud-based services are here to accelerate digital transformation to new highs. Many businesses have contemplated measures to move toward a more digitally integrated working environment in the last few years. However, having a list of requirements for moving forward is not the same as really converting to digital.

Having a user-friendly interface within a secure and private framework is what a cloud framework is all about. Facilitating productivity and collaboration is where cloud platforms excel. Everyone has been compelled to reassess and adapt their old methods of performing day-to-day business operations as a result of remote employment. Collaboration is still an important part of the innovation process. The entire goal of working in a cloud-based workplace is to deliver “adaptable, innovative solutions for people and organizations.”

As this way of working, storing, and accessing files is so simple to use, it skyrockets productivity, especially for those who aren’t as tech-savvy. If productivity is increased, growth is the next logical gain. And, above all, the value of turning digital begins and ends with assisting a company’s growth.

Cloud-based platforms enable organizations to put the right tools in the hands of the right people, allowing them to expand, which can eventually drive a customer ahead of the competition. This enables a corporation that previously lacked the ability to fully digitize and accelerate into the digital arena, allowing new and larger commercial prospects to emerge.

Digitization has also helped companies in cutting down on their operational costs substantially. Organizations don’t have to mandatorily have a working space, thereby saving on rent or property taxes, electricity, and internet expenses. They no longer need to worry about maintaining the facility or servers for all the files and critical information to be stored in the cloud.

From Brick-and-Mortar to the Cloud

An effective way to keep up with the ongoing digital revolution is to embrace the cloud so that companies aren’t left behind in the race. Retailers may use cloud computing to store and analyze massive amounts of data about their consumers and inventories. As a result, they are able to increase efficiency and cut costs.

If you own a chain of traditional retail stores, you probably create a lot of data. You need to store a variety of data, from customer information and product specifics to sales and inventory records. You’d have to rely on on-premise technology to keep your data at each shop if cloud computing wasn’t available. Given the increasing number of cyberattacks on modern retail organizations, it may only be a matter of time before hackers gain access to sensitive information about your customers and business.

Moving to a cloud-based workplace will ensure that you have the maximum security possible so that you no longer have to worry about cybercriminals misusing confidential data about your business. Nor do you need to spend tonnes of money to recover data in the event of hardware failure. The usage of cloud computing also eliminates the necessity for hiring in-house IT personnel. It further reduces the expense of purchasing and maintaining on-site servers and other gear.

On top of all this, moving to a cloud platform also ensures better supply chain visibility. It aids in the dismantling of silos and the improvement of communication between departments. In the end, it ensures prompt distribution, fewer returns, and more income.

No doubt, digital transformation benefits both small and large firms, and it is inescapable for companies that want to stay in business for the next decade. Modern digital solutions that work smoothly together and alongside your workers are the only way to streamline internal operations and create a fantastic customer experience. The foundation of digital transformation is synchronization.

Authored by

Punit Thakkar, CEO, Shivaami

Disclaimer: The views expressed in this article are those of the author and do not necessarily reflect the views of the Economic Times – ET Edge Insights, its management, or its members

Leave a Comment

Your email address will not be published.