Digitalization is transforming industries like healthcare and finance through technologies like telemedicine, AI, IoT, and fintech. It is enabling hassle-free digital services to reach remote areas. To succeed, organizations must develop digital-first solutions and a culture where teams have digital skills and engage in effective conversations. Digital tools now facilitate remote collaboration and video calls. Companies must adapt sales and marketing to opportunities like virtual meetings on Zoom. The future will see further convergence of technology and entertainment in virtual worlds, with digital realities displayed automatically across multiple screens.
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Building a World Around Digitalization.pdf
1. Building a World Around Digitalization
A World Around Digitalization
We are in the middle of a massive digital transformation, where companies,
employees, and customers are an integral part of it. Digital services can reach even
scarce places, ensuring a hassle-free experience for us, and social media is an
excellent example of it.
Digitalization is now being leveraged into many industries, such as healthcare, where
telemedicine is being offered with the help of AI and IoT. In finance, fintech
companies are revolutionizing, and digital paying methods are being incorporated.
Today digitalization has increased beyond our imagination; the services it offers today
are endless. It is a continuous journey; as Jeff Bezos says, “In today’s era of volatility,
there is no other way but to reinvent. The only sustainable advantage you can have
over others is agility; that’s it. Because nothing else is sustainable, everything else you
create somebody else will replicate.” And these terms – reinvention, agility, and
sustainability- impact every facet of digitalization.
2. Cultural Aspect
Organizations are setting a new culture where the team’s expectations, processes, and
values are driven by their company culture. The digital culture defines, amplifies
success, and enables people engagement, employee motivation, and business growth.
Other business leaders and organizations are following this example to gain proper
knowledge and skillsets to help them learn about the digital environment to succeed.
Since the pandemic, companies have been overwhelmed with requests for assistance
as they need to be accelerated for digital-first solutions. However, the best enterprises
don’t just rely on data; they run on conversations. Today, the most successful
businesses have the best and most effective conversations with their customers,
partners, and employees. And these changes are happening everywhere.
Existing World for Consumers
Looking at what the consumer experiences as they interact with your business. Think
of the different ways they come into contact with you, be it online or offline, and what
your products entail.
The question that arises with it comes, “How do your marketing strategies fit into the
modern picture of today? What does the retail experience feel like if you have one of
them?”
Check that reality meets your intentions by visiting your online or offline store to
interview sales or customer contact staff. Turn your ears to your insights into a picture
of the current scenario of the world.
Changing Scenarios
With strong digital tools, people are using collaborative tools and spending most of
their time on text conversations and video calls. That’s why Zoom in 2020 surpassed
350 million daily participants and had more than 450,000 business customers.
3. Opportunities like these will dramatically impact your business conversation, and
companies need to be ready with their digital solutions through sales and marketing.
Given the massive impact between customers and the brand, creating a positive and
personal experience is essential. Here, AI and automation can have maximum impact,
and the bulk of sales revenue can be created. Despite all this, what’s amazing is how
humans have made progress with digital tools, spanning many industries across the
globe. And companies continue to bring clarity to the complex world of Digitalization
through research and collaboration.
Behind the Scenes
Considering the whole of the business and your supply chain, from the raw materials
to customer support. Work with your team to create a diagram showing relationships
and information flows between different departments and functions of your company.
Another question that arises is, “The functions of the company soiled, and how do they
affect flexibility and resilience during the past few years? Does the department
compete for attention, resources, and technology?”
Do think about the people who work here and what they say, feel and do to contribute
to the business. How do they describe business and speeds of decision-making,
innovation, and planning? What would they comment about the culture of the
organization?
The vision of Future Consumer Experience
A world made up of many components and imagining while building a whole new
world involving change. Focus on changes from a consumer perspective first. It would
be remarkable, magical as well as memorable for their future experiences. How will
they meet you for the first time and on subsequent occasions after that? How will their
use of your product or service change?
4. Consider conjuring up a world around customers that actively engage in delights,
educates, entertains, and reassures them. If your product or service is too boring or too
similar to your competitors, then what would it have to become to a whole new world?
Think how gaming and metaverse might allow your consumers to interact with your
company, your brand, and other people. The most memorable experiences and
possessions will be virtual. How will the real and the virtual entertainment worlds tell
the same story and be connected?
Again, consider a 5–10-year time horizon to create your new world and bring your
future vision to life with another picture. Spend time thinking about what has changed
between your step 1 picture and the current one.
You can take this world-building exercise much further and prototype the world that
you imagine. Design future experiences as apps augmented reality, and models or turn
them into videos, podcasts, stories, or galleries of artifacts.
Technology will soon advance much more quickly and converge with entertainment,
turning entertainment into a way of life.
You will get used to your preferred digital realities being displayed and processed
automatically in the Expandiverse. You will simply appear on multiple screens,
multiple identities, and multiple transformed videos, audio, and music feed.
You can traverse a lovely new dawn in your online life.
Conclusion
Going ahead, there is no doubt that Digitalization will carry on changing the world as
we know it. The true self of business leaders and organizations will be taken on to a
completely different level. The richness of Digitalization is already making its way
into all industries. It is about time that we see a world with no more
complex/time-consuming tasks and digital helping us at every stage of life and will
enhance it in the coming days.