10 Examples of Digital Transformation Companies - Red Max

As part of Eaton’s Industry 4.0 vision, the company commissioned a Digital Manufacturing initiative to help it transition to the intelligent, automated factory of the future. It is hard to overemphasize the impact of this consolidation strategy. Today, Sunbelt’s maintenance and operations staff knows the exact location, maintenance and job status of every piece of equipment, all in one system! So gone are the days when high-end equipment would lay around for days or weeks in remote job sites, waiting to be located and brought back.

As healthcare professionals continue to look towards cost-effective and safe treatment options, data collection and analysis will play an integral role. Government agencies are looking to migrate to the cloud to streamline operations and increase capacity. Cloud-based infrastructure also offers increased security and accessibility – a necessity where more and more government employees are working remotely. As we move into the new year, digital transformation remains a priority. In this article, we will look at 20 digital transformation examples in several industries that we anticipate playing critical roles in 2021 and beyond. ProcessMaker is an easy to use Business Process Automation and workflow software solution.

Digital transformation examples

In fact, its survey respondents were three times more likely to report success if they believed their organization had invested sufficiently in digital talent. Examine how each part of the transformation will affect your customers and your employees. Then, you can be intentional and introduce initiatives that positively impact your business. Brewing company AB InBev underwent a digital digital transformation and process automation transformation by compiling their network of independent breweries into a unified powerhouse. One of their priorities was getting their data in the cloud, and by doing so, employees can now pull data that’s gathered globally and use it to make data-backed decisions. Some tools and technologies involved in this process are data lake houses, anomaly detection tools, and AI tools.

Additionally, the transformation identified the loopholes and developed a solution to manage and secure IP data transferred to the 3D printing machine. Before the digital transformation, the banking industry was dealing with unauthorized access to digital and virtual resources. Now, we have advanced biometric identification tools like voice recognition, face recognition, Iris scan, and fingerprint sensors to control these hassles.

Whether it’s Connext, our integration-Platform-as-a-Service, or our Integration-as-a-Service Connext Go! With this in mind, Hanseatic Bank started to implement the Open Banking API based on the WSO2 Open Banking technology stack. Yenlo’s flexible Integration-Platform-as-a-Service solution, called Connext Platform, was exactly what Hanseatic Bank needed to complete their Open Banking digital journey. GameStop is one of the most famed companies in the world when it comes to stories from Wall Street and one worthy of our list for digital transformation company examples.

You will need to confirm your email address before you get access to our features, so please enter it correctly. For a full list of effective resume action verbs, visit Resume Action Verbs. Or a related field, and recruiters will expect to see years of experience in this profession. In addition, with VR, a physician or student can delve into the patient’s condition to thoroughly understand what they are going through.

For healthcare providers

You can use your own tablets and also look inside the car or even observe its movement and hear the real sound of the engine. Follow these five best practices to produce high-quality data that your teams can lean on to make strategic bu… Our exclusive IT Consulting Services will streamline what digital processes you need & implement them effortlessly. Healthcare wearable devices such as fitness trackers and smartwatches can gather data about a person’s health, activity level, and physical and mental state and transmit it to the remote machine. The Digital transformation brought together CNC machines, CAD, and Printing platforms to create 3D Printing, which is now playing a pivotal role in industry 4.0.

  • If digital transformation brings new products, services, and business models to the fold, then digital optimization is about improving these outputs.
  • Another digital transformation example in banking is Cloud computing.
  • To achieve the full potential of digital transformation, organizations must be able to leverage a combination of capabilities, solve business or customer problems, and build new capabilities.
  • Beyond automotive solutions, there are also applications across the medical, dental, aerospace, and even luxury markets.
  • Successful HR transformation requires a long-term investment and a continuous effort to transform an organization and its culture.
  • The technologies we use to assess the competitive landscape were developed internally and are completely unique in the industry.
  • Besides keeping up with organizations at the forefront of the digital revolution, there are plenty of benefits to digital transformation.

But digital transformation can prove more of a challenge for institutions such as these — they simply don’t have the big-money budgets boasted by some of the corporate big-boys. For agents this has been a massive help, it’s allowed them to bypass lead qualifying steps and get a first meeting setup in just minutes. Level 4.0 has also used video with other clients to connect customers with experts, offer virtual tours of the showroom, and demonstrate vehicle features in real time. There are a number of ways that digital transformation can be applied, and businesses from any industry potentially stand to benefit. Deploying chatbots to handle level one inquiries also frees up service personnel to spend time on more sensitive cases. AI-powered bots can serve as the entry point into intelligent case routing systems.

digital transformation in education:

On the way to the hospital, the ambulance team can start taking measures to save the patient under a doctor’s expert guidance. The hospital staff, in turn, receives the relevant information in real time so that when the patient arrives, clinicians can provide the necessary procedures without wasting precious time. The main advantages of telemedicine are convenience, time savings, and safety. In many cases, there is no more need to waste time driving to the hospital or waiting for an appointment.

Beyond automotive solutions, there are also applications across the medical, dental, aerospace, and even luxury markets. Critics might consider many of these transformations to be a part of change management. Digital transformation examples include mobile applications, constant connectivity, instant loan approvals, virtual try-ons, buy online and pick up in-store, and more. It isn’t just businesses that stand to benefit from digital transformation.

Digital transformation examples

Another push towards digital transformation may simply be to make things more convenient for your audience. Root uses your mobile phone to measure your driving behavior, with automatic savings applied to your account when the system detects you driving more safely. Another example is Hyundai, which recently acquired Boston Dynamics, a robotics company. The intention is to take their cars into the metaverse and become a trailblazer based on new, advanced robotics capabilities.

Some well-known methodologies include Agile, Scrum, Waterfall, CPM, etc. If you use one of these methodologies, indicate that clearly in your resume and include any certifications you may have in those methodologies. Recruiters will expect you to have at least a bachelor’s degree in I.T. Or a related field and will want to see at least 10 years of experience in the technology field; especially in leadership roles. This guide was developed with digital transformation recruiters and includes resume samples, specialized tips, a skills list, and an action verbs list. By end of the guide, you should be confident to develop your own winning resume.

Tips to help you write your Business Transformation Consultant resume in 2023

Business process management platform that has helped countless organizations to achieve digital transformation. Contact ProcessMaker today to discuss how we can help you to transform your organization in 2021. Business process management software to create hubs for employees and management. Leaders can manage tasks and make informed decisions with advanced reporting tools.

Digital transformation examples

Revenue actually decreased over that same timeframe, but has increased steadily in the last three years, jumping from around $40 billion late 2017 to its current $43 billion. To maximize their chances of success, organizations should invest in their leadership and workforce to ensure their teams are well-equipped for the technical and operational challenges of the future. In the face of surprisingly high failure rates, companies and individual leaders must approach transformation with a well-thought-out plan. As Emeritus Enterprise Solutions Architect Dr. Jeffrey Lent recently explained in a webinar, many perceive digital transformations as centering around the implementation of new technological tools. But those tools, he says, are actually the final step in the digital transformation process. Allow everyone to access the data they need without input from anyone else.

Top Three Digital Transformation Examples in Banking

A company needs to be able to offer a complete experience online, not just have a place where they can sell their products. Everything a customer touches online should be as smooth as possible, from how they find the website, how they search for products and services, to how they pay for it and get it. The goal of digital transformation is to create new value for customers across the entire customer experience. This begins with an analysis of the company’s current business model.

Digital transformation has rapidly become one of the most important and misunderstood buzzwords on the internet today. It is more than just adding technology to an already sophisticated and complex set of systems. Digital Transformation means redefining an organization’s operational structure to incorporate change, enhance work at the root, and consistently drive successful initiatives. As part of a digital transformation, you’ll want your team to develop new skills as well. Upskill your team by incorporating digital skills into your employee development plans. Provide people with opportunities to learn and then track their progress.

Marketing Campaigns

But then there’s also the emergence of entire businesses built on digital transformation, like Carvana. They started with the ability to buy a car completely online, from start to finish, delivering the car to your home and giving you a trial period to test it out. But they still found ways to innovate further, with Carvana vending machines — essentially unmanned towers of cars where consumers can pick a car and drive away with it. Clearly the automotive industry is reshaping itself to improve operations, performance, and customer experience. Where much of the healthcare industry suffers, especially certain niches such as senior living, is in managing prospective patients that come in and the proper documentation that goes along with it. Many digital marketing departments in senior care, for example, rely on referrals as many of their patients are coming from hospitals or other care facilities.

Another example of the digital transformation of IKEA is the Space10 project, which is a research center and exhibition center. It was there that the company presented the concept of autonomous cars as a residential and entertainment space. However, IKEA does not plan to produce cars alone, it only creates concepts for their interior. Additionally, Big Data gives companies access to huge amounts of information from various sources, which increases their ability to predict the market situation.

As cryptocurrencies are also becoming mainstream, digital revenue is now integrated with crypto wallets. Digital transformation comes with disruptive potential, yet it benefits the business world in multiple ways, especially for the banking industry. Whether it is corporate banking, investment banking, or commercial banking, digital transformation is changing how we used to bank. Most businesses have successfully passed this stage and are entering the second stage, which involves integrating modern tools such as robotics, machine learning, Big Data, and artificial intelligence.

what is Digital Transformation Strategy?

Quality Companies LLC found that a delay in the documentation was causing significant loss for the company. Kissflow provided an easy, and cost-effective solution for this logistics company to handle approvals on its documentation trail. They needed a way to automate them without needing to follow up or bottlenecking. They https://globalcloudteam.com/ initially used Kissflow to automate approvals but soon adopted it for their HR department as well. It’s a good example of automating tasks to improve efficiency and revenue in healthcare. According to a PTC survey, 40% of management executives believe that operational efficiency is the biggest advantage DT brings.

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Start by providing training so everyone can use the data tools and software in your organization—consider setting up a capability academy for data skills. To help everyone in your organization access and analyze data, adopt easy-to-use self-service tools. Provide inspiration by using data storytelling in your presentations to explain the decisions you make.

Your resume should focus on your experience in a leadership position, in the digital transformation field, and should give indications of your success and capabilities. Modern customers don’t look at banks the same way they used to look years ago. All thanks to big data technology that is helping banks analyze customers’ expenditures, monitor risk, and manage feedback to boost customer loyalty. Data analytics solutions are bringing new prospects for banking development and have been prompt in responding to increasing market demands.

What Is Digital Transformation?

Is your company ready to embark on its digital journey and are you curious where to start and what options are out there? It is our mission to assist companies, like yours, on their digital journey. If it can be done on this level, it can be done on almost any other level.