Digital companies - 3 changes that will revolutionize employment - Emptor

Companies are required to undergo digital transformation in order to survive in the market. According to a report from the consulting firm Deloitte, 43% of companies that do not digitize within the next two years will disappear. Digital transformation is much more than just selling products and services over the internet. It is using technology as a tool to improve the business in all its aspects. In this article, we explain what a digital company is, how it works, and how it can take advantage of technology to improve its business.

Digital companies are not those that sell on the internet, but those that use technology as a tool to achieve very tangible business objectives, such as increasing their sales and improving their profit margins. Technology allows companies to interact in an agile and efficient way with their customers, personalize their products and services, improve their internal management, and reduce costs.

According to a study conducted by Boston Consulting Group, 70% of companies that have digitized have improved their margins and 85% have increased their sales. The key to transforming a company into a digital one is to use technology as a tool to improve the business, and not the other way around. Many companies make the mistake of digitizing just because or because everyone else is doing it, but without having a very clear idea of what their objective is.

To transform a company into a digital one, you have to start by defining very well what you want to achieve with technology and how you are going to measure success. From there, you have to design an action plan and execute it in a structured way. The digitization of a company is not a process that can be achieved in a short period of time, it requires a change in the corporate culture and in the way things are done. To start digitizing a company, you have to train your team and give them the necessary tools to carry out the change.

Digital Companies in 2022

1. Process Automation

Process automation allows you to program algorithms that perform repetitive tasks. A structured system that allows tasks to be performed more efficiently, saving time, money and effort, will provide more value as the well-defined processes are programmed.

2. Continuous Training with Platforms

With the arrival of digital training platforms like Platzi and Crehana, continuous education and training courses have managed to increase the digital capabilities of millions of people and have democratized education. Investing in talent development and growth with a structured plan within your company allows you to increase the commitment of your employees to develop, stimulate and promote them within a corporate culture that creates great products and services.

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3. Remote Work Has Come to Be Part of Our Lives

Since 2020, with the pandemic and lockdowns worldwide, we have experienced remote work and hybrid models that have allowed for greater flexibility within companies. The work models of digital companies have become more flexible to adapt to talent demands, increasingly taking advantage of artificial intelligence tools.

A Multidimensional Vision of Work

1. What Flexibility is Possible?

Experience has shown that all jobs can be made flexible in some way, but employers must consider exactly how certain jobs can be productively flexibilized for the business and the individual, in order to make them successful in the long term. Flexibility can come in many different forms.

Companies have found new forms of flexibility as they have innovated during their response to COVID-19. For example, Twitter in the US and the Canadian e-commerce group Shopify told staff from the outset that they could continue to work from home, permanently.

2. What Flexibility is Desirable?

Developing a shared understanding of flexibility is crucial. It is up to the employer and employees to have a shared understanding of what types of flexibility are desirable in digital companies and which are achievable. The use of human-directed design to address flexibility is fundamental, as ultimately, people must accept change and see that their organization offers work models that are desirable for them.

Relying on a single model of flexibility, such as purely remote work, can alienate current and potential employees who yearn to return to the office. Employers who allow employees to customize their own experience will have a competitive advantage in attracting the best talent.

3. What Flexibility is Sustainable?

Transforming for future resilience will require an examination of people, processes and infrastructure. This mental shift will test the limits of the mindset of employees and leaders, and will require a reset of traditional ways of working. Leadership skills must evolve as teams work flexibly across multiple flexibility models.

Frequently Asked Questions

Q: What is digital transformation?
A: Digital transformation is the process of using digital technologies to transform business operations and create new customer value propositions. It involves the integration of digital technology into all areas of a business.

Q: What are the main challenges of digital transformation?
A: The main challenges include:

• Resistance to change
• Legacy systems
• Data quality
• Talent and skills shortage
• Cybersecurity
• Cost

Q: How can companies overcome the challenges of digital transformation?
A: Companies can overcome these challenges by:

• Creating an innovation culture
• Developing a clear strategy
• Updating or replacing legacy systems
• Ensuring data quality
• Investing in training
• Implementing cybersecurity measures
• Developing a clear budget

Digital Companies in the Era of Digital Transformation

Digital transformation is an absolute necessity in today’s world. If you want to remain competitive, you must invest in becoming a digital company. The benefits are clear: it improves efficiency, reduces costs, improves the quality and experience of your customers, and helps you be better prepared for market changes.

Transform your company today to adapt to the changes and challenges of 2022. Emptor helps you streamline your hiring processes, identity verification and background checks. We are here to help your company; schedule a demo today here.