{"id":30091,"date":"2021-08-10T00:55:49","date_gmt":"2021-08-10T06:25:49","guid":{"rendered":"https:\/\/www.solutionanalysts.com\/?p=30091"},"modified":"2024-09-04T04:30:57","modified_gmt":"2024-09-04T10:00:57","slug":"roi-of-digital-transformation","status":"publish","type":"post","link":"https:\/\/www.solutionanalysts.com\/blog\/roi-of-digital-transformation\/","title":{"rendered":"How to Drive ROI with Successful Digital Transformation?"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The COVID-19 pandemic has increased the necessity of <a href=\"https:\/\/www.solutionanalysts.com\/blog\/digital-transformation-solutions\/\">digital transformation solutions<\/a> exponentially across various industry sectors. There is no exaggeration in mentioning that a company with a sound digital transformation strategy can move to the next level amid increasing competition.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But then, various challenges are there in the way of transforming processes digitally. As per the survey, 45% of executives think that their company lacks the right technology for implementing digital transformation. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Let\u2019s understand the importance of digital transformation before discussing the ways to increase the ROI with a successful digital transformation.\u00a0<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Importance_of_Digital_Transformation_in_Enterprises\"><\/span><b>Importance of Digital Transformation in Enterprises<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Businesses, irrespective of their sizes, will be left behind without adopting a digital transformation solution.\u00a0 <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Even if enterprises have feature-rich software and tools, it is necessary to keep them updated for maintaining their efficiency and keeping them secure against cyber attacks. A reputed Digital transformation company can help you leverage the benefits of technological advancements with higher efficiency.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Digital transformation is also useful for offering a personalized user experience. Companies may start losing customers without having robust <\/span><span style=\"font-weight: 400;\">digital transformation solutions<\/span><span style=\"font-weight: 400;\"> in place.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"> It is because today\u2019s tech-savvy consumers have many expectations and successful digital transformation can meet these expectations easily. Also, the pandemic has made digital transformation more important than ever.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Here are some important stats that show the growing importance of digital transformation in enterprises.<\/span><\/p>\n<p><a href=\"https:\/\/www.solutionanalysts.com\/blog\/digital-transformation-myths-realities\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-30096\" src=\"https:\/\/www.solutionanalysts.com\/blog\/wp-content\/uploads\/2021\/08\/ROI-of-digital-transformation-CTA-2.jpg\" alt=\"ROI of digital transformation CTA-2\" width=\"847\" height=\"101\" srcset=\"https:\/\/www.solutionanalysts.com\/blog\/wp-content\/uploads\/2021\/08\/ROI-of-digital-transformation-CTA-2.jpg 847w, https:\/\/www.solutionanalysts.com\/blog\/wp-content\/uploads\/2021\/08\/ROI-of-digital-transformation-CTA-2-768x92.jpg 768w\" sizes=\"auto, (max-width: 847px) 100vw, 847px\" \/><\/a><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Quick_Stats\"><\/span><b>Quick Stats<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><b>89% <\/b><span style=\"font-weight: 400;\">of all companies have either adopted a digital-first strategy or are in the process to do so<\/span><\/li>\n<li><b>23% <\/b><span style=\"font-weight: 400;\">is a CAGR expectation for the growth of the digital transformation market between 2019 to 2025<\/span><\/li>\n<li><b>40% <\/b><span style=\"font-weight: 400;\">of executives consider improved operational efficiency as the top benefit of digital transformation\u00a0<\/span><\/li>\n<li><b>USD 100 Trillion <\/b><span style=\"font-weight: 400;\">is an amount digital transformation is expected to add to the world economy by 2025<\/span><\/li>\n<\/ul>\n<p><a style=\"letter-spacing: 0px;\" href=\"https:\/\/www.solutionanalysts.com\/blog\/change-in-fintech-using-digital-transformation-solutions\/\">Digital transformation in fintech<\/a><span style=\"font-weight: 400;\">, healthcare, or any core industry sector aims to make the business model more customer-friendly and result-oriented than the traditional model. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">As an entrepreneur or a C-suite executive, you wish to know the ways to increase ROI from the successful implementation of digital transformation. Let\u2019s dig deep into these ways.<\/span><br \/>\n<b><\/b><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Get_Higher_ROI_from_Digital_Transformation_Solution\"><\/span><b>How to Get Higher ROI from Digital Transformation Solution<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">As a digital transformation company, we would like to mention the following tips to make the most of digital transformation solutions. Be it enhancing productivity and profitability or increasing ROI over the period, these tips will certainly assist you.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In this mobile-driven age, enterprise application development can play a pivotal role in ensuring the success of digital transformation in your workplace.\u00a0 As an integral aspect of a digital transformation solution, enterprise apps can drive high ROI in multiple ways including<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Adding_Transformative_Technologies\"><\/span><b>Adding Transformative Technologies<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Advancements of emerging technology can work wonders in making modern <\/span><a href=\"https:\/\/www.solutionanalysts.com\/enterprise-mobility-solutions\/\"><span style=\"font-weight: 400;\">enterprise apps<\/span><\/a><span style=\"font-weight: 400;\"> feature-rich and future-ready. For example, digital transformation in the fintech sector revolves around AI, ML, and blockchain technologies. Successful digital transformation in this sector can make online transactions more secure, quick, and seamless for customers.\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-30101\" src=\"https:\/\/www.solutionanalysts.com\/blog\/wp-content\/uploads\/2021\/08\/Transformative-Technologies.jpg\" alt=\"Transformative Technologies\" width=\"847\" height=\"424\" srcset=\"https:\/\/www.solutionanalysts.com\/blog\/wp-content\/uploads\/2021\/08\/Transformative-Technologies.jpg 847w, https:\/\/www.solutionanalysts.com\/blog\/wp-content\/uploads\/2021\/08\/Transformative-Technologies-768x384.jpg 768w, https:\/\/www.solutionanalysts.com\/blog\/wp-content\/uploads\/2021\/08\/Transformative-Technologies-800x400.jpg 800w\" sizes=\"auto, (max-width: 847px) 100vw, 847px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Enterprise application development services can leverage the benefits of transformative technologies while offering rich user interfaces and API-driven integration for desired functionality. These aspects can drive ROI over the period.\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Aligning_Proper_Strategy\"><\/span><b>Aligning Proper Strategy<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Successful implementation of digital transformation depends on effective strategic alignment and vision. Let\u2019s take the example of <\/span><a href=\"https:\/\/www.solutionanalysts.com\/blog\/digital-transformation-in-healthcare\/\"><span style=\"font-weight: 400;\">digital transformation in healthtech<\/span><\/a><span style=\"font-weight: 400;\">. When it comes to developing an advanced healthcare app, it is necessary to keep it ready for future enhancements and concepts like telemedicine.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While implementing digital transformation, it is necessary to make a complete roadmap so that team members can focus on innovation and integration properly. With this, it is necessary to ensure that revenue-generation initiatives are in place while transforming processes.\u00a0<\/span><\/p>\n<blockquote><p>Also Read- <a href=\"https:\/\/www.solutionanalysts.com\/blog\/digital-transformation-in-modern-enterprise\/\">How IoT Facilitates Digital Transformation in Modern Enterprises<\/a><\/p><\/blockquote>\n<h3><span class=\"ez-toc-section\" id=\"Enhancing_User_Experience\"><\/span><b>Enhancing User Experience<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Every CIO should understand the requirements and expectations of customers. It can assist both CIOs and CTOs to come up with exceptional user experience (UX) in apps and business software.\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-30100\" src=\"https:\/\/www.solutionanalysts.com\/blog\/wp-content\/uploads\/2021\/08\/Enhanced-User-Experience.jpg\" alt=\"Enhanced User Experience\" width=\"847\" height=\"424\" srcset=\"https:\/\/www.solutionanalysts.com\/blog\/wp-content\/uploads\/2021\/08\/Enhanced-User-Experience.jpg 847w, https:\/\/www.solutionanalysts.com\/blog\/wp-content\/uploads\/2021\/08\/Enhanced-User-Experience-768x384.jpg 768w, https:\/\/www.solutionanalysts.com\/blog\/wp-content\/uploads\/2021\/08\/Enhanced-User-Experience-800x400.jpg 800w\" sizes=\"auto, (max-width: 847px) 100vw, 847px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Proper understanding of workflow, market trends, and technological advancements can assist the company management to enhance user experience significantly.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/www.solutionanalysts.com\/enterprise-mobility-solutions\/\">Enterprise app development companies<\/a> can offer agility while delivering custom-built applications to meet user preferences effectively. As a result, your DX strategy can create more opportunities for generating revenue.\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Considering_Line_of_Business_LOB_Apps\"><\/span><b>Considering Line of Business (LOB) Apps<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The digital transformation process is an enterprise-level endeavor. In such a situation, it is necessary to monitor every facet of digital transformation while ensuring to address distinct requirements of the business. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Here, CIOs or CTOs can consider Line of Business (LOB) apps for mapping various requirements successfully. As a result, companies can improve usability and productivity. It contributes to increasing ROI over the period.\u00a0<\/span><\/p>\n<p><a href=\"https:\/\/www.solutionanalysts.com\/mobile-app-development\/\"><span style=\"font-weight: 400;\">Mobile app development companies<\/span><\/a><span style=\"font-weight: 400;\"> offer agility with intra-departmental APIs while developing customized LOB apps.\u00a0<\/span><\/p>\n<p><a href=\"https:\/\/www.solutionanalysts.com\/blog\/mobile-apps-boost-in-enterprise-digital-transformation\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-30097\" src=\"https:\/\/www.solutionanalysts.com\/blog\/wp-content\/uploads\/2021\/08\/ROI-of-digital-transformation-CTA-1.jpg\" alt=\"ROI of digital transformation CTA-1\" width=\"847\" height=\"101\" srcset=\"https:\/\/www.solutionanalysts.com\/blog\/wp-content\/uploads\/2021\/08\/ROI-of-digital-transformation-CTA-1.jpg 847w, https:\/\/www.solutionanalysts.com\/blog\/wp-content\/uploads\/2021\/08\/ROI-of-digital-transformation-CTA-1-768x92.jpg 768w\" sizes=\"auto, (max-width: 847px) 100vw, 847px\" \/><\/a><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Building_Digital_Infrastructure\"><\/span><b>Building Digital Infrastructure<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">While brainstorming on digital transformation strategy, C-Level executives need to identify the right type of IT infrastructure. The infrastructure should be capable of meeting the evolving demands of the digital workforce.\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-30102\" src=\"https:\/\/www.solutionanalysts.com\/blog\/wp-content\/uploads\/2021\/08\/IT-Infrastructure.jpg\" alt=\"IT Infrastructure\" width=\"847\" height=\"424\" srcset=\"https:\/\/www.solutionanalysts.com\/blog\/wp-content\/uploads\/2021\/08\/IT-Infrastructure.jpg 847w, https:\/\/www.solutionanalysts.com\/blog\/wp-content\/uploads\/2021\/08\/IT-Infrastructure-768x384.jpg 768w, https:\/\/www.solutionanalysts.com\/blog\/wp-content\/uploads\/2021\/08\/IT-Infrastructure-800x400.jpg 800w\" sizes=\"auto, (max-width: 847px) 100vw, 847px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">From software to servers and applications to devices- every aspect of the digital infrastructure should be taken care of for desired flexibility and agility.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With this, <\/span><a href=\"https:\/\/www.mckinsey.com\/business-functions\/organization\/our-insights\/unlocking-success-in-digital-transformations\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">as McKinsey mentions<\/span><\/a><span style=\"font-weight: 400;\">, a successful transformation is more than three times likelier when organizations have invested the right amount in digital talent. Fast-developing <\/span><a href=\"https:\/\/www.solutionanalysts.com\/machine-learning-development\/\"><span style=\"font-weight: 400;\">ML<\/span><\/a><span style=\"font-weight: 400;\"> and <\/span><a href=\"https:\/\/www.solutionanalysts.com\/artificial-intelligence-app-development\/\"><span style=\"font-weight: 400;\">AI<\/span><\/a><span style=\"font-weight: 400;\"> technologies can assist your enterprise to analyze the data and get actionable insights.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">These insights can enhance the value of your business and you can make meaningful decisions on time for boosting revenue.\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Empowering_Employees_to_Work_in_New_Ways\"><\/span><b>Empowering Employees to Work in New Ways<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Digital transformation not only brings technological changes but also changes the way your employees work. It is, therefore, necessary to improve the digital capabilities of your workforce to leverage the <a href=\"https:\/\/www.solutionanalysts.com\/blog\/benefits-of-enterprise-mobility-solutions\/\" target=\"_blank\" rel=\"noopener\"><strong>benefits of digital transformation<\/strong><\/a>. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">It is beneficial to redefine the individual\u2019s roles and responsibilities to align with the goals of transformation.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Enterprises can empower employees while improving transparency and promoting accountability. It can assist enterprises to increase the trust level among employees that translates into high productivity and ROI. Digital transformation can enhance incremental customer retention and increase visibility.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Also, it enables organizations to reap higher than average reductions in operational expenses. Altogether, the successful integration of a digital transformation solution can increase revenue and ROI in multiple ways.\u00a0<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Wrapping_Up\"><\/span><b>Wrapping Up<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Digital transformation is an ongoing and long-term process that affects every stakeholder including customers. It involves people with processes, technology, and work culture. A successful digital transformation solution can bring a high ROI for your company in a short period. All you need is to hire a reputed enterprise app development company and follow the aforementioned tips.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Solution Analysts is a leading <\/span><a href=\"https:\/\/www.solutionanalysts.com\/blog\/digital-transformation-solutions\/\"><span style=\"font-weight: 400;\">digital transformation solutions<\/span><\/a><span style=\"font-weight: 400;\"> provider. Our experienced professionals can assist you to make an effective strategy for the successful integration of a digital transformation solution.\u00a0<\/span><\/p>\n<p><a href=\"https:\/\/www.solutionanalysts.com\/contact-us\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-30099\" src=\"https:\/\/www.solutionanalysts.com\/blog\/wp-content\/uploads\/2021\/08\/ROI-of-digital-transformation-CTA-3.jpg\" alt=\"ROI of digital transformation CTA-3\" width=\"847\" height=\"101\" srcset=\"https:\/\/www.solutionanalysts.com\/blog\/wp-content\/uploads\/2021\/08\/ROI-of-digital-transformation-CTA-3.jpg 847w, https:\/\/www.solutionanalysts.com\/blog\/wp-content\/uploads\/2021\/08\/ROI-of-digital-transformation-CTA-3-768x92.jpg 768w\" sizes=\"auto, (max-width: 847px) 100vw, 847px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The COVID-19 pandemic has increased the necessity of digital transformation solutions exponentially across various industry sectors<\/p>\n","protected":false},"author":1,"featured_media":30092,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[279],"tags":[381],"class_list":["post-30091","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-digital-transformation","tag-digital-transformation-solutions"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.solutionanalysts.com\/blog\/wp-json\/wp\/v2\/posts\/30091","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.solutionanalysts.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.solutionanalysts.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.solutionanalysts.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.solutionanalysts.com\/blog\/wp-json\/wp\/v2\/comments?post=30091"}],"version-history":[{"count":13,"href":"https:\/\/www.solutionanalysts.com\/blog\/wp-json\/wp\/v2\/posts\/30091\/revisions"}],"predecessor-version":[{"id":39657,"href":"https:\/\/www.solutionanalysts.com\/blog\/wp-json\/wp\/v2\/posts\/30091\/revisions\/39657"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.solutionanalysts.com\/blog\/wp-json\/wp\/v2\/media\/30092"}],"wp:attachment":[{"href":"https:\/\/www.solutionanalysts.com\/blog\/wp-json\/wp\/v2\/media?parent=30091"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.solutionanalysts.com\/blog\/wp-json\/wp\/v2\/categories?post=30091"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.solutionanalysts.com\/blog\/wp-json\/wp\/v2\/tags?post=30091"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}