Did you know that in recent years, the focus of business transformation has been digital and tech-driven? In 2021, digital transformation spending globally capped at 1.5 trillion dollars. Due to the nature of their services, industries like telecommunications, banking, and healthcare are at the forefront of digital transformation.
The productivity levels in these industries that have ventured into business process transformation have been phenomenal. Technology integration in some sectors has increased employee productivity, customer satisfaction, and reduced costs.
If you are wondering how implementing business process transformation works and what industries can benefit from it, you are on the right track. We have compiled a list of industries improving their outcomes through implementing digital transformation.
Here are 5 industries that can improve through business process transformation
With the implementation of digital transformation in healthcare, physical documentation of patients’ health records is unnecessary. Health officers can access information quicker. Also, the chances of losing vital patient details are minimal since the data is stored on the cloud for quick retrieval from any authorized device. Treatments can be tracked as well.
Cloud transformation for healthcare is also beneficial as it enables medical practitioners to interact with patients without being physically present. During COVID-19, health centers with a properly set up digital system could attend to patients despite the COVID restrictions.
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In third-world countries, the COVID-19 pandemic hit hard for the lack of digital structures. Schools were out for a while before realizing the pandemic may last longer. However, schools that had integrated technology into their educational system hardly felt the heat.
While physical education remains an essential learning strategy, e-learning implementations came in handy with educational applications and digital communications between teachers and learners.
The educational industry is preparing learners for the outside world. With the implementation of business process transformation, institutions can upload courses online for learners who cannot afford to be physically present in school due to work, health issues, etc. This transformation helps make education more accessible and also reduces the rate of failures due to absence.
Efficiency in the logistics industry is a matter of speed and time. Technology has caused a shift in logistics, resulting in quicker, leaner, and more effective operations. Businesses in this industry must leverage a digital transformation that helps them meet the challenges of global trade.
Aside from meeting the needs of global trade, the competition in the logistics industry has grown stiffer and only businesses that can create innovative tech-driven solutions will take the lion’s share. You can use the services of a reliable technology partner like KatPro Technologies to stand out among your competition.
Supply chain and logistics companies can reimagine their business processes by utilizing technologies like blockchain, Internet of Things (IoT), Artificial Intelligence (AI), Machine Learning (ML), supply chain digital twins, deep data, and others. These technologies offer novel methods to streamline or rethink routine tasks.
This business process transformation helps logistics companies accomplish faster innovation, improved decision-making, better involvement of customers throughout their journey, incorporating organizational flexibility, and raising automation.
The core banking operations are customer experience, product and service delivery, risk management, investment, and operational/revenue development. These services are the most affected by digital transformation.
The reason is that these operations are in-demands services banking customers always need. To stay on the cutting edge of the global market rivalry, banking businesses must have the agility to expand, shift markets, outsource, acquire, and divest quickly.
These activities are supported by the infrastructure and technologies provided by NanoSoft from Katpro Technologies. NanoSoft is your partner for creating true enterprise-grade IT environments because it excels in every area of financial IT, including storage area networking, compliance, security, disaster recovery planning, and more.
Learn how digital technologies and AI are reshaping the financial industry, and discover strategies to keep your bank at the forefront of innovation with our insightful ebook – Digital and AI Transformation: A Banker’s Guide to Success. Download your copy now!
The manufacturing sector has advanced significantly in recent decades and has long been a key component of the global economy. The manufacturing industry is, however, going through a considerable shift as a result of the introduction of new technology and the rising need for personalization and efficiency.
Successful manufacturers will be those that can use data and analytics to spur innovation and enhance their processes. As it enables the development of more environmentally friendly and sustainable production processes, the digital transformation of manufacturing also offers a crucial option for tackling the global issues caused by climate change.
Companies like Katpro Technologies offer data services such as Azure Synapse Migration and Snowflake Migration to cater to the data needs of manufacturing industries.
To round off
It is vital to understand that technological advancements are beneficial in every industry. Therefore, it is vital to understand these innovations and invent methods to make them useful for your business.
With the right technology partner, you can achieve a seamless business process transformation that is specific to your business and industry. At KatPro, we use our industry-specific experience to help our clients transform their business processes and get better results.
Do you want business process transformation specific to your business? Schedule a call with us today!