Indusa successfully conducts Dine n Learn event named: CXO Workshop on Digital Transformation.
This event was a platform to bring together CXOs and techno functional professionals in an open dialogue, under one roof to discuss the key industry technology trends for their business growth.Our dynamic group of speakers from Indusa and Microsoft provided in-depth insight on the business benefits of using technology that can certainly help you define your technology landscape.
Good evening everybody! Welcome to today’s event, which is on Digital Transformation - Moving beyond technology where digital meets physical. My name is xx and I will take you through the presentation. designation?
Indusa is a firm based in Chicago with offices in India - both Ahmedabad and Pune, as well as the UK, which assists organizations across the globe to grow and evolve through world class services, people, and technology.
Since most of you are here let’s get started with the presentation
In the next xx minutes of the event you will learn about Digital Transformation, the components required for digital transformation, how you can transform your business to a digital business and much more.
Digital transformation refers to the organizational change that occurs through the use of digital technologies and business models to improve the organizational performance. It is about rethinking what customers value most and creating operating models that take advantage of what’s newly possible for competitive differentiation. Today, becoming a digital enterprise is becoming paramount to business survival.
For companies to get transformed digitally, they need to adopt two important movements:
Renovate existing technology
Exploit new technology
Renovate existing technology:
Think back to how business was done a few decades ago. There was no email, Internet or mobile computing. Now communications are instantaneous, huge amounts of information move through email and the Internet and powerful tools like ERP, SharePoint, and CRM are in the hands of owners and employees. We think in linear terms, but technology moves at an exponential pace. Renovating the existing technology refers to replacing the existing ERP, SharePoint, CRM and Mobility systems with their new and updated versions. A well-conceived and carefully planned technology renovation effort can revitalize a business and provide it with much-required space to grow.
Exploit new technology:
Imagine a world where almost any item can be connected to the Internet or company network via a mobile device, low-energy sensor, beacon or RFID chip. Here, data flows seamlessly from consumers and business devices to companies via the Internet, enabling new and improved products and services. With the help of technologies like Enterprise Mobility (EM), Internet of Things (IoT), and Business Intelligence (BI), this can be achieved. Exploiting new technology refers to using EM, IoT, and BI technologies to increase machine-to-machine communication and make everything “smart.” i.e. creating a network of smart devices.
The session will be concluded with a Live Q&A session. I hope by the end of this presentation you’ll be able to figure out the right technology that could help you transform your business to a digital business.
How digital transformation drives business value?
Technology drives value in businesses in four ways:
Improved Decision Making - based on big data and advanced analytics
Enhanced Connectivity- with customers, colleagues, and suppliers
Automation of Manual Tasks– of manual activity, replacing labour with technology
Product or Service Innovation– of products business models, and operating models
Digital transformation can reshape every aspect of the modern enterprise –
Customer Experience:
Seamless multichannel experience
Whenever, wherever service propositions
Product and Service Innovation:
New digital products and services
Co-creation of new products
Distributing, and Marketing and Sales:
Digital marketing with higher return on investment
Digital augmentation of traditional channels
Digital Fulfilment:
Full straight through processing and automatic provisioning
Virtual servicing and administration
Risk Optimization:
Improved targeting with customer insights
Embedded/automated controls and risk profiling
Enhanced Corporate Control
Improved, real-time management information systems and decision making
Seamless integration into third parties
Why?
Digital business transformation can be motivated by a number of factors –
In some cases, it comes from consumers, who are better informed than ever before. Consumers today are actively searching for enhanced service, lower prices, and higher levels of quality
The momentum for transformation might also come from new competitors with enhanced offerings, better engagement models, or lower prices
Emerging technologies that enable new capabilities, are also the fundamental reason for digital transformation. These new technologies could provide points of competitive differentiation if adopted first, or internalized and integrated in new ways
What?
Digital business transformation can take many forms and smart transformation requires prioritization. To help with the process of deciding what to trans defines following distinct categories, any of which could be transformed digitally.
New Opportunities
Transparency And Trust
Innovate
Personalized Experiences
Operate In Real Time
How?
It is important to have a clear idea of where transformation is required, and in what order it should be harnessed. While there is no one-size-fits-all roadmap for organizations to get transformed digitally, still there are two key ways for organizations to consider. These two ways are significantly linked to both positive financial performance and the ability to respond to digital disruption.
These are:
1) Renovate the Core
2) Exploit the New
When?
Why you should renovate ERP?
Failure to renovate ERP will leave the enterprise with unachievable or unsustainable digitalization
Scenarios:
Ability to connect with other ERP systems like SAP
Integration with third-party software like PLM, EDI, Barcode
CRM (Sales and Marketing) services in AX
AX for Retail for the distribution dept.
Mobile capabilities for Warehouse mgt, Timesheet, Expense receipts, Shop floor
What is the latest in CRM?
Sales Capabilities
Accountability
Customer Insights
Planning and Mgt.
Collaborative Selling
Mobile Sales
Sales Analytics
Service Capabilities
Cross-channel
Agent enablement
Self-service
Knowledge
Service intelligence
Marketing Capabilities
Campaigns
Lead management
Sales collaboration
Social marketing
Marketing analytics
Social Capabilities
Social listening
Social analytics
Social engagement
Social CRM
Scenarios:
Next generation CRM app for outlook
One Click Document Generation
Excel Integration
CRM Mobile - Mobile Offline Support
Voice of the Customer Surveys
Microsoft social engagement
Consumer
Product marketing
Product enquiry and quote request
Advance shipping notification
Customer self care
Field Sales
Channel mgt.
Price lists & quotation
Inventory supply position
Field Service
Account & service task mgt.
Workflow and service request approvals
Supply Chain
Inventory mgt.
Forecast collaboration
Alerts receipts and sign off
Warehousing
Material tracking
Issue reporting
Inventory check
Task scheduling
Shipment tracking
Operations
Asset mgt.
Plant operation mgt.
Plant maintenance
Asset tool tracking
Logistics
Effective load scheduling
Dynamic route modification
Container mgt
Quality
Error proofing
Inspection and rejection
Notification
Batch tracking
HR
Collaboration
Employee self-service forms mgt.
Human capital mgt.
Management
Corporate metrics
Communication tools
Integration with enterprise systems
Integration with LOB using robust middleware
Offline storage and syncing automatically when connected to internet
Sending alerts using push notifications
Sending personalized messages or offers and tracking user location using geo-fencing
BYOD allows organizations to control spending on mobile devices
Consumer
Product marketing
Product enquiry and quote request
Advance shipping notification
Customer self care
Field Sales
Channel mgt.
Price lists & quotation
Inventory supply position
Field Service
Account & service task mgt.
Workflow and service request approvals
Supply Chain
Inventory mgt.
Forecast collaboration
Alerts receipts and sign off
Warehousing
Material tracking
Issue reporting
Inventory check
Task scheduling
Shipment tracking
Operations
Asset mgt.
Plant operation mgt.
Plant maintenance
Asset tool tracking
Logistics
Effective load scheduling
Dynamic route modification
Container mgt
Quality
Error proofing
Inspection and rejection
Notification
Batch tracking
HR
Collaboration
Employee self-service forms mgt.
Human capital mgt.
Management
Corporate metrics
Communication tools
Integration with enterprise systems
Integration with LOB using robust middleware
Offline storage and syncing automatically when connected to internet
Sending alerts using push notifications
Sending personalized messages or offers and tracking user location using geo-fencing
BYOD allows organizations to control spending on mobile devices
Internet of Things. IoT is at the heart of this transformation. It connects people, machines, vehicles, parts, and services to streamline the flow of information, enable real-time decisions, and enhance automotive experiences. The auto components and automotive industry is beginning to transform their business practices and recognize that, in time, IoT will touch nearly every area of automotive operations and customer engagement.
Scenarios:
Using beacons for internal location mapping( this is more apt for IOT)
Create - The use of sensors to generate information about a physical event or state
Communicate - The transmission of information from one place to another
Aggregate - The gathering together of information created at different times or from different sources
Analyze - The discernment of patterns or relationships among phenomena that leads to descriptions, predictions, or prescriptions for action
Act - Initiating, maintaining, or changing a physical event or state
https://www2.deloitte.com/content/dam/Deloitte/pe/Documents/technology/Inside%20The%20Internet%20Of%20Things.pdf
Internet of Things. IoT is at the heart of this transformation. It connects people, machines, vehicles, parts, and services to streamline the flow of information, enable real-time decisions, and enhance automotive experiences. The auto components and automotive industry is beginning to transform their business practices and recognize that, in time, IoT will touch nearly every area of automotive operations and customer engagement.
Scenarios:
Using beacons for internal location mapping( this is more apt for IOT)
Create - The use of sensors to generate information about a physical event or state
Communicate - The transmission of information from one place to another
Aggregate - The gathering together of information created at different times or from different sources
Analyze - The discernment of patterns or relationships among phenomena that leads to descriptions, predictions, or prescriptions for action
Act - Initiating, maintaining, or changing a physical event or state
https://www2.deloitte.com/content/dam/Deloitte/pe/Documents/technology/Inside%20The%20Internet%20Of%20Things.pdf
Investing in digital transformation help businesses recognize opportunities, overcome challenges, and make decisions to stay in the game.
Satisfied customers:
Digital Transformation leads to a great lift in customer engagement and experience. Through online channels and communication with customers, any business can get closer to what the customers think, want and how their decisions are influenced. With the world getting more and more inclined towards using technology, not just for searching and educating themselves but also comparing products and services, it is only natural that a business that is more digitally inclined will be better appreciated.
Happy employees:
With the increasing use of collaboration tools, email and video conferencing etc., employees can now contact with clients and customers who they have never met or in areas they never visit. Digital transformation replaces one-way communication mediums to broad communication methods as it has many tools that can virtualize individual work.
At the company level, it is quite clear that digital transformation is proportional to economic growth and a higher level of well-being for employees. Having information at their finger tips, and getting task done by just a click saves their time and efforts.
Informed management: …
Decision Making..
Estimate the value at stake. Companies need to get a clear handle on the digital-sales and cost-reduction opportunities available to them. Digital—and digitally influenced—sales potential should be assessed at the product level and checked against observed internal trends, as well as competitor performance. On the cost side, administrative and operational processes should be assessed for automation potential, and distribution should be rightsized to reflect digital-sales growth. The aggregate impact should be computed and turned into a granular set of digital targets to monitor progress and drive value capture.
Prioritize. Most organizations don’t have the ability, resources, or risk tolerance to execute on more than two or three big opportunities at any one time. Be selective. Figure out what areas are likely to deliver the greatest return on investment and the best customer outcomes and start there. While digital requires some experimentation, too many ad hoc demos and showcases lead to scattershot investments that fail to deliver sustained value. One retailer, for instance, ended up with 25 subscale digital offerings by not culling in the right places.
Take an end-to-end view. One financial-services firm built a world-class digital channel but failed to update the paper-based processes that supported it—processes that were prone to error. That false veneer of speed and efficiency eroded trust and turned off customers. The moral? Although it may seem counterintuitive, overinvestment in a slick front end that is not matched with the corresponding high-quality fulfilment that customers now expect may actually lead to increased customer frustration.
Align the business portfolio accordingly. In the long run, some lines of business will simply be destroyed by digital. Hanging on and tweaking them is futile. Companies need to act purposefully and divest where it makes sense, identifying what holdings are likely to be cannibalized or likely to underperform in the new environment and sloughing them off. Conversely, some areas will clearly need new capabilities and assets, which companies often do not have the luxury to build up organically over time. One retailer used targeted acquisitions to rapidly build out its e-commerce capabilities, allowing it to focus on defining strategy and aspirations rather than tinkering with the “plumbing.”
GG: Dynamics AX upgrade - for AX also the outsourcing of support is not a digital tarnsformation for Nidec. transformation is about their moving to the Cloud, extending new functionalities, using thridf party solutions, integrating with other solutions, upgrade of AX version, new Warehouse management processes, expanding number of users. All the case studies that you present have to be narrated as case studies of your customer, not of Indusa. Your message to the audience is - see this is what this company did; you should also do similar things
GG: SharePoint applications - we should present this as a Nidec case study, not an Indusa case study. so SP customization is not the correct term. Nidec built new SP applications to automate specific processes and allowing more business users to collaborate to do A, B and C. Just focus on what they did
Future plans
One of the first few companies that will take their AX ERP to the cloud in the next 6-8 months
Rationalize ERP footprint
Single IT and technology framework within the Americas for economies of scale, control, and cost advantage
Exploring IoT technology to monitor manufacturing processes within facilities
Access to a large, extended team with in-depth business and technical knowledge
Scale up/down with the right skills mix
Tapped into 20 different resources
Established processes to handle requests/issues
Daily communication on tasks and status
Blended onsite/offshore delivery model
Industry
Warehousing
Company Size
201-500 employees
Postmodern ERP /Apps
More-federated ERP, multi-enterprise solutions, cloud components, mobile support, embedded analytics
More-diverse Partnerships
Use of SMBs/start-ups; new categories of partner (e.g., mobile, design, analytics)
Next-generation information capabilities
Volume/velocity/variety; in-memory databases; advanced analytics; unstructured and multimedia data
Hybrid Cloud
More-federated ERP, multi-enterprise solutions, cloud components, mobile support, embedded analytics
Transactions:
Digital transactions
Share of payments and transfers, both from consumers to businesses (C2B) and from businesses to other businesses (B2B) made through digital means (e.g., payments via ACH or wire)
Interactions between firms, customers, and suppliers:
Digital external communications
Composite score based on share of firms reporting benefits from using social technologies to interface with customers and share of firms reporting benefits from using social technologies to work with partners
Digital customer service
Composite score based on average number of customer service chats per month and share of total contact center calls routed by automated systems, i.e., integrated voice response (IVR) or automated speech recognition (ASR) technology
Business processes conducted internally
Digitized back-office processes
Composite score based on adoption of enterprise resource planning (ERP) software (e.g., SAP, Oracle) across the industry, and share of firms reporting that technology is very integrated into employees’ daily activities
Digitized front-office processes
Composite score based on adoption of customer relationship management (CRM) software (e.g., Salesforce.com) across the industry and digital marketing (e.g., email, banner and search engine advertisements) expenditures, as an estimated share of total marketing expenditures
Product development software intensity
Intensity of software usage in product development process (e.g., for computer assisted design)
Market making:
Digitally enabled markets
Extent to which digital platforms are being used to connect supply with demand, calibrated using the relative size of digital bid-ask or auction-based markets (in terms of users, transactions, and/or revenues)