Digital Innovation

Change by using digital technology to enhance services, traditional models, products and processes

 
 

Digital Innovation

Change by using digital technology to enhance services, traditional models, products and processes

Innovating your way to Grow

Digital innovation is the heart of every organization. One need to digitize internal operations to do things better, faster, and cheaper; finding new ways to engage users; and bringing new products and services to market.

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Digital Innovation And You

The concept of having a Digital innovation can stave off the threat of digital disruption by making improvements to a company’s services.

Driving Digital Innovation for a Competitive Edge

We’re now living in the age of digital Darwinism, where you evolve or you become irrelevant. In fact, 4 out of 10 companies will be dead in 10 years if they fail to drive digital innovation.

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The top digital solutions focus on the following 3 areas:

Customer, Partner or Supplier Engagement

Simplify the way information is accessed and transactions are processed. Remember, people want to engage wherever and whenever is convenient for them.

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Product & Service Innovation

Differentiate your business by enhancing existing products and services with digital components — or even creating net new products or services.

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Internal Systems Processing, Reporting, or Access

Digitize your back-office processes to improve efficiency, ultimately reducing the cost of service and support, while improving response times and customer satisfaction.

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FAQ's

What is Digital Innovation?

Irrespective of the industry, software technology is at the heart of every business. The ubiquity of software has changed the nature of innovation itself, making it more digital. At its core, digital innovation is the use of digital technology and applications to improve existing business processes and workforce efficiency, enhance customer experience, and launch new products or business models.

Why is Digital Innovation Important?

There is a digital component in almost every facet of human activity, be it for work or personal consumption. Organizations can risk becoming irrelevant if they do not digitally innovate or adapt to the evolving consumer and business habits. In fact, IDG reports that 89% of companies plan to adopt a digital-first business strategy. In an age where the world’s largest taxi company has no taxi, the largest accommodation provider has no real estate, or building enterprise web and mobile applications no longer requires months or years of writing lengthy complex codes – it’s the simple case of disrupt or be disrupted.

Who is Digital Innovation for?

Digital innovation is for every business, regardless of the industry and size that wants to remain competitive, profitable, and build products and services that consumers love. At the functional level, creating business applications is no longer the domain of IT. In fact, with innovative platforms like low-code, business users in HR, marketing, operations, finance or any other department can now start making applications.

What is the Difference Between Digital Innovation and Digital Transformation?

Digital transformation is an ongoing process to transform and improve business performance by changing the way a company thinks and operates. Unlike common perception, digital transformation isn’t only about the technology you adopt, but also involves people, process, and portfolio.

Digital innovation is that spark of creativity that leads to development of new technology or innovative applications of existing digital tech. Digital innovation is often the precursor to digital transformation.

What are Examples of Digital Innovation?

You’re surrounded by digital innovation. Some of the latest innovative technology includes wearable devices, chat bots, IoT, AI, big data, and the list goes on. Business application of these new-gen technologies includes, for examples, an AR-driven application that workers use to check the temperature of a piece of equipment to prevent machines from overheating or a healthcare company looking to implement AI to help better diagnose patients’ ailments.

What is Digital Business Innovation?

Digital business innovation involves the application of digital technology to improve operational efficiency, drive customer engagement, or develop innovative products or services for an organization. When pursuing the path of digital innovation, it’s important to create the right business model that fits your organization’s digital strategy.