Now, as long as you flip through any a business journal or the business website, you will see about the digital transformation, and the digital transformation has become an important force in the business world, according to a 2016 estimate, points out that digital transformation can add value for the enterprise more than $18 trillion,
As an enterprise's financial core, did you get the proceeds?
Q1: what is a digital transformation?
Many organizations are experiencing some form of digital transformation, they are using digital technology to create powerful, and efficient business processes, in order to optimize the efficiency of the customers and employees and other stakeholders,
Data in the digital economy era, has become the core assets to promote the growth of economy, people are using cloud computing, Internet and digital technologies such as artificial intelligence, creating new digital economic infrastructure and supporting tools, therefore, rapidly emerging technology, as well as the full realization of the data value is a driving force of the digital economy development,
In the digital economy, the digital technology and data also deeply affect people from all walks of life, which is the root cause of the enterprises urgently need a digital transformation and upgrading of technology evolution is, 5 g and the development of edge computing will allow us to obtain and deal with more data, we have to the data and the business model and strategic goals closely linked,
The integrated application of virtual reality and augmented reality, coupled with the improvement of computing capacity, enables us to to the enterprise, product and process for digital clone (that is, the digital mapping technology), to imagine all sorts of business decision alternatives and the effect of financial leaders need to attach importance to and actively embrace these technologies change was caused by prediction and planning, then, the background data, business performance model is set up in unprecedented ways,
To some extent, those with the skills to understand the data in the hidden information, has become the crucial role of the enterprise, play a crucial role in understanding of consumer behavior,
Digital transformation, however, involves not only is the use of technology, but also the culture of the enterprise itself, how to more quickly respond to customer needs, and how to cultivate trial, learn consciousness, and constantly adapt to the constantly changing business environment, organizations need to establish a strong business process, on the one hand, flexible enough to adapt to change, and always adhere to honesty, integrity for many businesses, though, the focus of competition has been from process efficiency to optimize customer interaction, but lack the steady process will still be weaken the competitive advantage, and increase the chance of industry new entrants to subvert,
In terms of financial functions, these new characteristics may run counter to its inherent culture, however, the digital transformation is bound to break the traditional boundaries, to varying degrees impact on all aspects of the enterprise,
Q2: digital transformation, what lessons and trend, is worth reference and pay attention to?
Digital transformation is a daunting challenge, success and failure often appear alternately in the enterprise, in the process of the digital transformation of emerging disruptive technologies and new competitors of the business model innovation, not only increased the urgency of the digital transformation of enterprises, and makes the uncertainty is increasingly significant,
Digital transformation of every enterprise, its characteristics are inseparable, for example, the retail enterprises focus on improving consumer experience, manufacturing enterprises pay attention to the highly automated production and quality inspection, and the financial industry, hope to establish a strong background in the application of digital technology office system, however, they are in the process of exploring for many years of accumulated experience, still can provide a reference for the digital transformation of most enterprises,
Digital transformation is a strategic decision by top design process, need by company chief executive officer (CEO) and executive team lead and guide, digital transformation should not be seen as a large project, more can't assume that as long as the management using the digital technology, enterprises have to realize transition, enterprise's chief executive and senior management team must pay close attention to the digital trend, and always full of curiosity and adventure,
Enterprises need to digital transformation of experts, introduced at every level, enterprise should be aimed at every level investment digital transformation ability? Full cover top and middle managers and grass-roots management personnel, at the same time encourage employees in different business department (not just within the IT team) to enhance digital ability and the change of thinking, the enterprise must realize the value of the digital skills, culture, and develop the digital experts, for example, in a general sense of category of performance management, promotion or career development to further support digital experts, especially focuses on all kinds of digital literacy indicators, including digital leadership, digital technology and data insight,
Data capacity is the basis of the digital transformation, powerful data processing function is the basic guarantee of enterprise digital transformation, data acquisition, data aggregation and data standardization in the field of any ability will determine the success or failure of digital transformation, enterprises need to build a uniform data service platform 3, to provide a stable, efficient and secure data services in general; Will continue to the data of energy is passed to the various business needs; Continue to use data to support the digital transformation, and gradually establish a unified, gm's global data system, to promote the business innovation,
Chief financial officer (CFO) should shoulder the responsibility, digital transformation is always accompanied by large-scale digital transformation or persistent technology investment, chief financial officer and his team need to actively participate in the investment decision-making, management, supervision, and related services, in order to effectively reduce the investment risk, improve investment returns, and between the business team and finance team to establish good relations of cooperation, those who experienced the process of enterprise has found that usually is a new technology investment and finance team to redefine the enterprise cost model of active supporters,
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