Digital transformation is the reinvention of an organization through the use of digital technology, to optimize the way of working of the company and its employees. Organizations must update and implement new technologies, tools, and platforms that are increasingly necessary for business life.

1. DIGITAL TRANSFORMATION
CHECKLIST FOR YOUR BUSINESS
Presented by
NETSET SOFTWARE SOLUTIONS

2. The term ‘Industry 4.0’ refers to the fourth industrial revolution, driven
by Digital Transformation, and signifies a qualitative leap in the
organization, management, and working within the distinct industrial
spheres.
The transition of people to interact with their environment is evident
which has tremendously changed, encouraged by the technological
revolution that is all about automation and data exchange derived
from:

3. ARTIFICIAL INTELLIGENCE
NANOTECHNOLOGY
INTERNET OF THINGS
CLOUD COMPUTING
ROBOTICS MACHINE-TO-MACHINE COMMUNICATION
The technologies named might be less in words but the potential and
power they possess in un comparable with their evolving subsets and
descendants (like machine learning, AR/VR, IOE, etc.).

4. What is Digital Transformation?
The introduction of digital technologies in the industry allows the
hybridization between the physical world and the digital world,
making it possible to link the physical world (devices, materials,
products, machinery, and facilities) to the digital world (automated
systems).
This connection enables devices and systems to collaborate with
each other and with other systems to create a smart tech world full
of machine intelligence and further envisioned to go beyond the
current revolution.

5. Although most companies have already developed models based on
new technologies in certain critical areas such as marketing, sales, or
IT, there is still a long way to go that affects different fields.
In effect, the analysis of the return on investment in digitization is still
too linked to the areas of marketing and sales, but companies do not
see the importance of the people in the organization in this process
or the potential of digital transformation.

6. Why Does Digital Transformation Matter?
Industry 4.0 transcends various sectors of society due to the fact that
it modifies the way in which day-to-day activities are carried out and
has a significant impact on ecosystems since it allows interactions at
each point of the network.
Unlike the 3rd Industrial revolution in which the turning point was the
incorporation of PLCs or Automata, Robotics, and Supervision
Systems, for Industrial Automation, in this New Industrial Revolution,
the new actors are incorporated into all these existing Systems
creating a Global Intelligent System.

7. Digital Transformations Across Industries
With revolutions, improvements, and modifications in technology,
operations, processes, workflows, digital transformation is here to
impact our business strategies as well, in the way we monetize our
value proposition.
With digitization and access to data, we can make decisions, sell and
enter in a completely different way than we have done until now.
In this sense, we will focus our decision-making on artificial
intelligence since we will be able to decide based on patterns
generated by algorithms that will define future scenarios, thus
passing from intuition to information and knowledge.

8. Digitization, of society in general and of industry, represents both an
opportunity and a challenge for all business industries.
These challenges may come from the hyper connected client, with
great access to information and that is increasingly demanding from
companies, or from the necessary adaptation of the industry to new
technologies.
The digital transformation of the industry involves the application of a
set of technologies throughout the value chain of the industry. These
changes generate benefits both at the process, product, and business
model levels.

9. #Process: The digital transformation applied to processes involves
incorporating 4.0 technologies to make them more efficient and
flexible, either by optimizing existing ones or changing them.
#Product: The digitization of the products of the industry can
suppose the incorporation of technology to the existing ones, thus
improving its functionalities, or allowing the appearance of new
ones.An example that illustrates this is the automobile and its
evolution towards integration with electronics and digital
components, which in new developments already represents 45% of
the value of the product.

10. #Business Model: Industry 4.0 and its technologies also enable the
emergence of new business models, by changing the way a product
or service is made available to customers. The digital transformation
allows, for example, to incorporate sensors to vehicles, enabling a
new business model that consists of renting cars by the hour (‘car
sharing’).
Overall, the application of digital technologies guarantees greater
efficiency, greater flexibility and shorter deadlines (shortening the
customer’s waiting time to obtain their purchase).

11. Digital Transformation Benefits for Organizations
We must also be aware that the impact of the digital transformation
is accompanied by a series of benefits for the organization, thus
improving internal performance and the relationship with customers.
Here are some of them:

12. #Improves worker satisfaction Thanks to digital transformation,
employees become more productive and their operational efficiency
also increases.
#Improves the customer experience Digitizing some company
processes increases customer retention levels. In addition, digital
channels allow you to interact with your customers in an easier and
more dynamic way.

13. #IT cost savings The implementation of Cloud Computing services
and digital transformation are relevant aspects for reducing
economic costs.
#Increase in productivity Decision making becomes easier and more
agile with the help of digital tools. In addition, these tools add value:
how can you evaluate your processes, analyze decision making, etc.

14. #New business opportunities
Transformation and innovation go together. Technology provides
new skills and new business processes that favor innovation and the
impulse of ideas.
Therefore, the digital transformation must be a progressive but
constant process at the same time. Companies cannot postpone
their digital transformation any longer if they want to continue
competing in a changing and increasingly demanding market.

15. Digital Age Calling…
Digital transformation is the reinvention of an organization through
the use of digital technology, to optimize the way of working of the
company and its employees. Organizations must update and
implement new technologies, tools, and platforms that are
increasingly necessary for business life.
Without this adaptability, companies can fall into obsolescence.
The mere use of technology is not enough to take the step towards
digital transformation. You have to raise awareness and train the
entire team so that they get the most out of digital tools in their day
to day.