The significance of digital transformation and companies' responses to it

Years ago, the brick-and-mortar economy did not recognize the need for the Internet. However, most of these brick-and-mortar stores that converted to e-commerce platforms at the time have survived, while the majority of those stores that stuck to the old ways are closing. And now, if they do not make changes, the traditional industry best antminerand original physical stores will face a survival test in the near future.

As the cost of energy, raw materials, labor, and land continues to rise, the company's profit space will be continuously compressed, profitability will be reduced, operations will slow, development will stagnate, and the company will eventually be forced to settle for "gap" survival.

How do you properly implement digital transformation?

The digital transformation is the company's shortcut to breaking the status quo. Eliminating information silos with C2P industrial cloud, connecting all parts of the company, stimulating and improving the company's intelligent capabilities in marketing, R&D, production, warehousing, and other areas.

The transformation can lower the cost of business operations, improve production capacity and quality, and reduce total costs; externally, itbitmain shop can strengthen enterprises' core competitiveness and market responsiveness to meet the challenges of ever-changing market competition. Enterprises that want to successfully complete the digital transformation should follow the five key directions outlined below.

1To adhere to the data operation concept

Data operations have the potential to alter not only the business operation model, but also the overall organizational decision-making. Advanced data technology can also assist enterprises in completing the new pattern of creating data value and sharing data dividends based on data operations, but data operations methods can only achieve an optimal effect after obtaining top management support, the concept of change.

2To follow the data business model

Intelligent economic society, the main difference between companies is the level of network services. As a result, from the perspective of the senior strategic layer, looking for a business model to adapt to the company's data strategy, in order to achieve the construction of high-quality network service levels, thus creating differentiated competitiveness.

3, to follow the data innovation road map

Although following industry forecasts or the example of other companies to disrupt the entire industry may be effective in the short term, in the digital society, the key goal is to retain customers in a key way, or to create advanced data new value for customers. It is up to anyone with insight in any organization to improve data innovation capabilities and usher in the unknown challenges. So, dare to boldly promote and sustain data innovation, not just to adapt to change, but to create a larger data dividend.

4Insist on investing in data skills

As the shortage of skilled personnel grows in antminer pricethe future, particularly the professional ability to understand big data and advanced analytics, enterprises should consider how to integrate digital talent into the existing organizational structure.

5To establish data partners

The primary activities in the industry chain are not limited to the enterprise, and there is no longer a need to carry out digital transformation "alone," particularly in the IoT industry. It is preferable to have similar data collaboration across all areas in order to drive common progress and progress down the road of digital transformation.

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