The race is on as companies compete to survive in an ever-evolving digital era. As we continue to see the struggle of legacy giants in recent news, it is evident that only those who keep up will thrive. Consumers of all sorts, are online more than ever and companies must adapt by optimizing key business practices, defining new revenue opportunities and more proactively engaging their customers.
Despite continual coverage of the risks for those who do not digitally transform, the urgency of this shift has not manifested for many. According to a recent SAP study, 84% of companies regard digital transformation as crucial, yet just 3% have actually finished any company-wide effort. There is little doubt, if you want to remain competitive and engage a progressive future, digital transformation is not merely a choice, it is a necessity. So, the challenge is how to speed the actual implementation of effective digital transformation.
Digital Transformation is defined as, “the application of digital capabilities to processes, products, and assets to improve efficiency, enhance customer value, manage risk, and uncover new monetization opportunities.” In the latest report on the state of digital transformation (MIT Sloan Management Review and Deloitte), when asked to agree or disagree with the following statement, “My organization scales successful initiatives to drive digital transformation across the organization,” only 8% of industry executives surveyed strongly agreed.
How Seal is Leading the Charge in Digital Transformation
Digital transformation does not look the same for every company. Whether you’re a start-up or an established organization, digital transformation is a process. Seal’s Customer Success team can assist you as you formulate your own transformation plan, helping you choose the projects that will drive your own agility and competitive advancements.
 SAP in collaboration with Oxford Economics. SAP Digital Transformation Survey: 4 Ways Leaders Set Themselves Apart
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