What is Digital Transformation?
Digital transformation is the use of digital technologies to improve productivity, agility, and responsiveness of a business in order to deliver higher value to customers at lower cost.
A digital transformation is not just a technology upgrade. It is an on-going process to adopt and adapt technology to maintain competitiveness in response to an increasingly fast-changing business environment, which includes changing supply-demand conditions, new competitors, regulatory changes, and other external factors.
Digital transformations can be far-reaching, as digital technologies can impact every aspect of a business — systems, processes, and people — from suppliers to customers to logistics providers and everyone in between. But few areas of a business can benefit more than supply chain processes. The potential value to be realized by improving slow and inefficient processes with a digital transformation, compounded across many trading partners, is significant.
A key challenge in performing a digital transformation is to keep the core business running and optimized to the greatest extent possible, while radically transforming some or all aspects of the business process, and adopting and mastering new technologies and skills during the transformation.
One Network’s Perspective on Digital Transformation
One of the major reasons digital transformation projects disappoint (or fail outright) is because they merely upgrade technologies that reflect an old paradigm. For example, they may upgrade or enhance legacy, enterprise-centric Enterprise Resource Planning (ERP) systems or upgrade first generation hub-and-spoke type B2B networks. A digital transformation in supply chain will always under perform if it fails to connect all parties and institute a real-time, single version of the truth across the supply network. The supply chain will be sub-optimized due to stale or missing data, and remain vulnerable to supply disruptions due to blind spots and inaccurate demand and supply information.
Full visibility and optimization of a business network requires a real-time multi-party platform with a single representation of community master data and supply chain data. One Network Enterprises, provides a richly capable platform for digital transformation. We’re a trusted advisor to thousands of network members, and have helped leading organizations successfully digitize over our 17-year history.
One Network enables companies to fully utilize their investment in legacy systems, while leveraging a multi-party network with a single version of the truth, along with new technologies like artificial intelligence. A “Tunable System of Control” allows you to run your ERP and current systems in parallel with the network platform, as you shift capabilities to the business network over time to optimize supply chain planning and execution. This approach allows businesses to get started rapidly and quickly unlock value. One Network is here to help with technology and expert services.
Digital Transformation Resources
How One Network helps you transcend conventional enterprise thinking and realize the full potential of your digital transformation.
Why the single enterprise Business Operating System no longer works. This paper explains the new Network paradigm and how to achieve it quickly and extend your competitive advantage.
With major ERP vendors pushing customers to upgrade at huge cost and massive risk, now is the time to look at the alternative that more powerful, cheaper and more flexible.