‘Digital transformation’ is one of those phrases you may dismiss as business jargon, but it’s so much more than that. 23 November 2020 - Digital Transformation is about revolutionising the way IT is procured, deployed, implemented and consumed. 1. Request The orchestration of automation, analytics and artificial intelligence will be an increasingly vital capability for procurement and digital business in future. Have you forgotten the right to be forgotten? Nic Walden, UK Procurement Programme Leader at The Hackett Group, identifies five firms that came out on top. 96% of UK enterprise decision makers believe the pandemic sped up their company’s digital transformation, and of these 66% said it did so ‘a great deal’. We make engaging products that can help businesses to manage customers and business productively. At Fortrus, our mission is to deliver Digital Transformation through outcomes-based solutions, wrapped in a Managed Service. AIA Group’s transformation has taken the Hong Kong-based life insurance company into a new global growth area, with its digital Vitality platform providing wellness and prevention knowledge, tools, and motivation to AIA members, leading to a business representing 10% of total revenue and growing at an 85% rate last year. and Digital transformation is more than saying “We are doing business in the 21st century, using 21st century tools.”. CGI will develop a prototype demonstrating the scientific value of a Digital Twin Earth in understanding and improving the productivity and resilience of global food systems. As our digital world evolves, companies are needing to increase their investment in new technologies to enable better data analysis. Companies face hindrances like cultural concerns, resistance from the employee ‘s side when introducing the concept of digital transformation. Bringing data, insights and digital experiences to the ATP world tour Imagine a machine with a mind of its own- one that tells you the exact degree to bend for the perfect backhand. The relationship will see CGI combine its multi-industry and advisory expertise with Wordnerds’ unique software platform to create a new offering. Pay by Ed Reed Nic Walden, UK Procurement Programme Leader at The Hackett Group, identifies five firms that came out on top. According to Smaje, businesses surprised themselves with the speed at which they managed this transition. Leveraging the same core technology set, the team was able to deliver multimillion-dollar benefits in the first few weeks after deployment. Consulting // Systems integration // Outsourcing // Business solutions, about CGI partners with North East start-up Wordnerds to provide CGI Text Analytics Services, an industry focused advisory approach to sentiment analytics, about Automation – Driving better patient outcomes, The Next Frontier: From Communications Service Provider to Digital Service Provider, Second edition THINGUIDE Cyber Security for Business, Driving next generation digital transformation, A global provider for secure, mission-critical information solutions to UK Government, Joining the dots: Domestic abuse, civil and criminal justice and technology. While they come from different directions – automation is anchored in process optimisation, analytics has grown out of data science and artificial intelligence is driven by computer science techniques such as machine learning – these three digital levers are being pulled by company initiatives simultaneously and not in isolation, to achieve the biggest possible returns from their digital programmes. part Initial results have been impressive. Critical Mass Technologies (CMT) is a digital transformation provider that integrates traditional healthcare processes with advanced practice management strategies … is in We help companies redesign their future, transforming, operating models, culture and exploiting technology for a digital world. The Hackett Group’s 2019 Key Issues research shows that the number one rated major improvement programme for procurement teams across all sectors is to make major technology platform investments, with selected use of new and emerging tools such as robotic process automation (RPA), cognitive automation, and advanced analytics. COVID-19 accelerated companies’ digital communications strategy by a global average of 6 years, with 5.3 years the UK average. We help companies redesign their future, transforming, operating models, culture and exploiting technology for a digital world. Digital transformation is a business priority for most organisations in most sectors, especially the larger, more traditional companies, etched into history — just like Nestle, which has already begun it’s innovation crusade with the deployment of Workplace by Facebook, amongst other initiatives. Examples of digital transformation success stories: Five companies that shine. Today’s Digital Transformation Will Power the Society of Tomorrow. To date, the solution has been successfully deployed across three countries and is seeing strong success rates for the end-to-end robotics solution and the natural language processing output. The key outcome of Bayer’s digitalisation journey is to make things simpler and faster. ... We also invite guest bloggers who have an interest in UK companies and business advice. Today more than ever, citizen, customer and employee expectations are rapidly evolving, creating both challenges and opportunities across both the private and public sectors. The UK’s company registrar, Companies House, has said in its strategic plan that it wants to become a digital organisation focused on the use of data to inspire confidence and combat economic crime. Stay informed on the latest topics in Digital Transformation, Process Automation, and Robotic Process Automation. Selecting the right mix of digital solutions based on the best insight is key to ensure ambitions are achieved and value is created. A successful transformation programme typically incorporates the major pillars of the new vision within four fields of action: Integrated offerings, customer management and co-ordination, digital touch-point integration and excellence, and analytics (real-life data, product and customer touch points). It also enables improved efficiency and compliance levels through advanced analytics, AI and predictive modelling capabilities. However, many companies claim to be comfortable with digital transformation and technology use, which sets the ideal condition for digitization. Libya talks digital transformation with KPMG, meets UK officials National Oil Corp. (NOC) and KPMG Tunisia have reached a deal on new financial and administration systems. billers Innovative businesses continue to use disruptive digital technologies to take great strides forward in terms of efficiency, effectiveness and experience. She explained, “For many of these changes, respondents say, their companies acted 20 to 25 times faster than expected.” Persistent privacy powers professional businesses, CGI partners with North East start-up Wordnerds to provide CGI Text Analytics Services, an industry focused advisory approach to sentiment analytics, Automation – Driving better patient outcomes, Webinar: Digitising Omni-Channel Operations with Intelligent Virtual Assistants for Asset Finance, CGI to develop Digital Twin Precursor for the European Space Agency to advance understanding of global food systems, CGI: Request to Pay - the missing link in payments, Transforming the Fuel Retail Customer Journey, Using Agile methods to build the product right, Unlocking the ‘power of where’ to transform the public sector. They seize the digital opportunity via new platforms and business models. infrastructure, HP is leveraging RPA, machine learning and natural language processing to automate special pricing, a strategic element of its global sales engine. Top 10 Digital Transformation Solution Companies - 2020 Permeating through every industry, digital transformation is no more an option; it’s a necessity to thrive in a competitive environment. Michael is a partner at PulsePoint group. Digital transformation is the real game changer for transforming the businesses into really faster, safer and delivers best customer experience. touch payers BECOMING A CUSTOMER/CITIZEN CENTRIC DIGITAL ORGANISATION. to payments Slow technology adoption could prove to be a problem as many businesses have admitted to being slow in technology adoption. New York, United States About Blog The Digitalist Magazine is your trusted online destination for everything you will need to know to lead your enterprise's digital transformation. The result was a lot of manual, repetitive tasks that limited the ability of 8,000 order-to-cash practitioners to spend their time on higher-value activities and tasks. has This appetite for digital transformation spans all industries and sectors. Companies embarking on a digital transformation should embrace emerging technologies. At the Hackett Group, we increasingly see the reinforcing impact of the ‘3As’ – automation, analytics and artificial intelligence. While many companies are still struggling with how to channel their digital ambition, there are others whose strategies stand out and who thanks to embracing new technologies have strengthened their empire. The solution has been integrated with the enterprise business data warehouse infrastructure, and has significantly improved the speed and accuracy of forecasting and scenario-based planning. We enable you to leverage technology securely, enabling those citizens and customers who can use digital-based services to do so quickly and easily, freeing up time and resources to support those with more complex needs. This level of financial injection is advantageous. Subscribe to our blog today. Five reasons why digital transformation is essential for business growth Whatever a company’s vision for the future, it must include digital transformation in order to grow the Significantly, and as these case studies show, an increasing number of companies are using these rapidly implemented, cost-effective and disruptive approaches to drive wider business outcomes not just in terms of efficiency and cost reduction, but also to trigger higher impact business outcomes such as reduced spend, accelerated sales and improved retention. In many cases, digital offerings aren’t possible without more fundamental digital transformation initiatives. Nearly all the insurance executives in our survey envision a digitally transformed industry five years from now. high-impact THIS provides systems integration services to help strengthen your digital business imperatives. VideoMy conversation with Michael Gale on the trials and tribulations large companies still face on their journeys towards digital transformation. to For DBS Bank, the transformation has been along many dimensions, from a national bank to a regional and global bank, and from traditional banking services to new kinds of fintech business models. engage in, a digital transformation programme. Keyrus specializes in all aspects of digital data transformation. Helping clients in every sector to deliver end-to-end digital capabilities—from strategy development, to technology implementation, to managed services. Protiviti helps companies make the promise of Digital Transformation a reality. 4. A group of 50 management and digital consulting firms in the United Kingdom have been lauded for their services in IT strategy and digital transformation. The effort has already delivered 360,000 hours in productivity improvements in order-to-cash across the Americas, Asia, and EMEA. (RtP) and beyond. Contingent Workforce & Services Procurement, Coupa and complexity: Acquisitions, tech integration and customer issues, Spend Matters and CIPS announce global partnership for procurement knowledge and technology, How procurement can lead amid a fractured global economy, We should stop overpaying for digital procurement solutions, To Procurement and beyond — bridging the supplier information gap, Future 5 start-up winner Trakti talks blockchain-integrated contract lifecycle management, TransferMate — Solution overview of cross-border payments capabilities, Trax CEO: Transportation spend management is next technology sector to see a boom, So You Want to Go Into Procurement Consulting: 3 Areas to Consider, The Sustainable Procurement Pledge Q&A: 'It's exciting to find out how we can contribute', Services Procurement & Contingent Labor Management. Make the best IT investment decisions by understanding when, where, how and why to make changes. Combined with external cost reductions, the solution enables significant efficiencies and improvements in forecast accuracy, which in turn will help improve inventory positions and product availability. This summer, The Hackett Group named the winners of its 2019 Digital Awards, which spotlight companies that are on the cutting edge of digital transformation, including smart automation, robotic process automation (RPA), cognitive computing and advanced analytics. Use the categories below to discover content for Spend Matters Members. Way2smile Solutions is a proficient Digital Transformation and Software Development Company in London, UK that builds IT Solutions for Startups, SMEs and Enterprises. For the public sector, digital transformation presents a special challenge that is nonetheless worth the time and effort required, as it pays rich dividends via cost savings, process improvements, and quality of life improvements for the citizens who depend on government agencies. These 4 Companies Have Been Saved by Digital Transformation DEmbracing digital transformation is key to survival in today's business world. in of With more than two decades of experience in using data and digitalization for accelerating transformation and business performance, Keyrus has offices in 18 countries. Torry Harris is a top digital transformation agency in the UK specialized in integrating enterprise assets to build meaningful digital ecosystems. and With this innovation comes a growing digital skills gap. This field is for validation purposes and should be left unchanged. crime Companies across the UK are falling behind in digital transformation and struggle to digitization especially small businesses. Roadblocks to digital transformation In our changing world, digital innovation needs to be a part of any business growth strategy. This approach reduces risk, ensures the most effective and innovative technologies, and provides guaranteed results. But others, such as the winners and finalists of The Hackett Group’s 2019 Digital Awards, have managed to implement mature, large-scale projects that are delivering additional value in ways such as cutting costs, discovering new opportunities, and freeing up talent from thousands of hours of admin work. Digital transformation. Nearly 80% of companies are in the process of digital transformation--but of those, 90% are facing significant obstacles to success, according to a Monday survey from AppDirect. When digital transformation goes wrong, it’s vital companies seek to not just understand the reasons for the failure, but also ensure future digital initiatives are not doomed to repeat mistakes. HP is anticipating improved accuracy and faster turnaround times in the deal pricing quotation process as the solution is introduced to more countries. ... Simon tells us why and how he made the move to the public sector and explains what it’s really like working in digital at Companies House. with Many companies are still at the pilot stage with their digital transformation efforts. Even though the idea of digital transformation may require some selling to company peers and higher-ups, your greatest ammunition will be the data on successful digital transformation initiatives seen in other companies. Deliver new digital products with the best tools for IT transformation. London, England, United Kingdom About Blog Convedo, is the best digital & business process automation company in the EMEA region. Select a category to view available PRO content. This site uses Akismet to reduce spam. Even the in the most cautious of sectors, government and healthcare, there is still a strong majority reporting a move towards digital transformation (67% and 86%, respectively). The importance of digital transformation for any company today is crucial, as it allows them to deliver an experience that their customers have come to expect. Reaching a tipping point, LEGO started restructuring and a digital transformation programme focused on new revenue sources coming from movies, mobile games and mobile applications. The Vodafone Group issues around 800,000 purchases orders per year, and receives 5 million invoices. Shell now uses predictive analytics to optimise the ordering, storage and utilisation of pieces of spare part inventory for onshore/offshore oil rigs-ranging from well heads to pipeline parts. Businesses are spending huge amounts on digital transformation, but why is it so important and what can your company do to get started? Drawing on experts in data and analytics, technology, internal audit, business process, risk and compliance, we tailor teams of professionals to fit the specific requirements for the digitisation of products or services. potential ... Our industry leading expertise and end to end capabilities. London, United Kingdom, The platform extends Bayer’s business analytics capabilities from descriptive to state-of-the-art predictive analytics – all developed in-house. While many companies are still struggling with how to channel their digital ambition, there are others whose strategies stand out and who thanks to embracing new technologies have strengthened their empire. much Digital transformation is more than saying “We are doing business in the 21st century, using 21st century tools.”. As many as 96% of UK enterprise decision makers noted that pandemic sped up their company’s digital transformation plans, and of these 66% said it did so ‘a great deal’. 12 June 2018 Consultancy.uk. Join CGI and some of the world’s leading intelligent automation vendors at Dynamo North East’s Health Tech Cluster webinar showcasing automation best practice within NHS bodies and private healthcare organisations across the North East region and nationally. every Porsche has heavily invested in understanding the Porsche driver. The impact of digital transformation in the insurance industry is similar to our other examples in that consumer expectations are driving change. Porsche places the customer at the heart of their strategy: Customer experience drives Porsche’s digital strategy. This future is being shaped with data-driven analytics, virtual reality and artificial intelligence. digital transformation. Digital transformation will not be possible without technology adoption. through the Digital Designer (a web-based 3D design tool to create own designs). A flexible energy system – the end of the beginning? Europe How The COVID-19 Pandemic Is Fast-Tracking Digital Transformation In Companies. every The SCM Control Centre can uncover hidden inefficiencies in less than 10 seconds, enabling more than 600 members of Vodafone’s supply chain management (SCM) team to rapidly understand emerging issues. Specialising in Digital Transformation through Intelligent Automation. Learn how your comment data is processed. In a nutshell, digital manufacturing is when a company leverages digital technologies to benefit their manufacturing operations. Companies House: the only register of limited companies in the UK Posted by: Jac Bond , Posted on: 22 March 2017 - Categories: Companies House transformation , Digital transformation Have you ever received a letter asking for money to stay on a register and not sure if the letter is from us? Disclaimer: the opinions expressed in this article are those of the author and not necessarily those of Spend Matters, Your email address will not be published. widespread Today, we’ll dive into examples of digital transformation with success stories from the perspective of those within the company. To be successful, digital transformation needs to have a clear focus on how value will be delivered to the organisation measured in social, economic or environmental terms. It can play a crucial role in evolving and growing your business. Although the COVID-19 pandemic sped up some aspects of digital transformation—including many companies’ embrace of cloud platforms and remote work—technology is always evolving at a rapid pace. country Ability to Work from Home. An automated prediction platform was developed to leverage statistics and provide independent cross-functional coverage with a lowered total cost of operations. the Thriving in the digital age is closely related to innovation and digital transformation strategies. Way2smile Solutions is a proficient Digital Transformation and Software Development Company in London, UK that builds IT Solutions for Startups, SMEs and Enterprises. Adobe Stock. We understand clients’ industry-specific challenges and opportunities and partner with them each step along their digital journey. The project has delivered millions of dollars in benefits and paid for itself in under 4 weeks. We make engaging products that can help businesses to manage customers and business productively. So, any company … Your email address will not be published. Required fields are marked *. abuse As a concept that originated in the ‘90s as a synonym for “digitization,” it has since evolved into the process by which companies update the source code of their people as well as their business.. While slow to start, the insurance industry has embraced digital transformation—in large part due to new competitors such as insurtech startups and platform companies entering the arena. To be successful, digital transformation needs to have a clear focus on how value will be delivered to the organisation measured in social, economic or environmental terms. Comment and share: 10 companies that are spearheading digital transformation in their industry By Alison DeNisco Rayome Alison DeNisco Rayome is a … Shell’s goal was to create and leverage a common, cloud-based data science platform and the associated digital capabilities to fill its “data science skills gap” and solve a multitude of business questions, from rightsizing inventory to improving the supply chain, and from predictive maintenance to optimising operations in downstream manufacturing units. pretty Broadly, a digital transformation involves two types of change: business-model innovation, whereby companies introduce digitally enabled products and services, and operational improvement, whereby companies apply advanced technologies and ways of working to … If you are considering making technology platform investments, don’t forget that Spend Matters SolutionMap can help you shortlist your set of potential providers. Find out how these companies succeeded where others failed. In turn this has generated additional data, which provides better insight on processes and work issues – enabling more intelligent workflows that can be targeted with multiple automation technologies such as RPA, chat and cognitive automation. The phenomenon is enabling organizations to gain immense success during their course of adoption of digital technologies. Key policy recommendations • Promote Digital Change Leadership projects to foster digital culture in UK Find out more about Companies House. a companies are missing out on revenue and profit opportunities by being slow to adopt digital transformation initiatives.. That is the conclusive finding from a global study, Exploting the Software Advantage: Lessons from Digital Disrupters, sponsored by … While this list is by no means comprehensive, here are 10 companies across different industries that have seen positive results from early digital transformation efforts. With more than 300 disparate legacy systems, databases and applications, business processes for sales orders remained fragmented within IBM. prevalent, This summer, The Hackett Group named the winners of its 2019 Digital Awards, which spotlight companies that are on the cutting edge of digital transformation, including smart automation, robotic process automation (RPA), cognitive computing and advanced analytics. DIGITAL TRANSFORMATION LTD - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity merchants, Domestic the Frequency 30 posts / year Blog digitalistmag.com Facebook fans 1.1M ⋅ Twitter followers 13.6K ⋅ Social Engagement 4 ⓘ ⋅ Domain Authority 67 ⓘ ⋅ Alexa Rank 146.8K ⓘ View Latest Posts ⋅ Get Email Contact UK Honey Bees and Insurance; an existential threat in the wings? As a concept that originated in the ‘90s as a synonym for “digitization,” it has since evolved into the process by which companies update the source code of their people as well as their business.. banks, To address this issue, an Automation Centre of Excellence was created to establish a digital workforce to perform mundane tasks, so that the focus could shift to increasing speed, quality, and on being truly client-centric. The advent of ‘digital’ is providing organisations with more and more choices regarding how to best support their employees, serve their citizens/customers and collaborate with other organisations. Thriving in the digital age is closely related to innovation and digital transformation strategies. UK. Complimentary research - World-Class Procurement: Redefining Performance in a Digital Era – can be requested here. Similarly, Shell is using machine learning to predict trips or failure events on critical equipment such as valves and compressors. 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