Digital transformation is an absolute necessity right now
A famous American guitarist, Jason Mraz, once said, “Soil is actually the best technology we have for adapting to climate change. And I think it is the duty of our generation to rebuild it.
It goes without saying that, from fossil fuels to changing soil moisture conditions and increasing soil temperature, the intensive use and misuse of natural resources have led to climate change. However, today, through the power of technology, we can contribute to the environment and alleviate those problems that have caused global warming. Therefore, let us highlight how digital transformation could create sustainable businesses, reduce damage to nature and help restore it.
Digital transformation is not just a technological prospect, but an absolute necessity right now. Digitization empowers data to analyze the composition of natural resources and creates a pathway to restore soil health. It is imperative for companies to integrate technological solutions using data and the IOT will help them to grow digitally, while reducing their carbon footprint. On a positive note, since we have been affected by the pandemic, most organizations have accelerated their digital transformation initiatives.
The Government of India’s flagship program, Digital India, is helping bridge the digital divide and catalyzing the integration of new era technologies. The initiative has helped traditional businesses transform into digital businesses, create more sustainable businesses and contribute to India’s digital economy.
Although we understand the importance of digital transformation, have we ever delved into how it could help create sustainable businesses? Let’s look at some of the benefits!
Power of data-driven digital platforms
It is imperative to bring disruption caused by digital platforms, as this leads to sustainable living in harmony with nature. Leveraging technology to create a robust digital ecosystem of data platforms is one way to combat a host of environmental risks, from air pollution to soil erosion. Access to data could also help curb land misuse.
Crop forecasting in agriculture is a complicated process as it largely depends on biotic and abiotic factors. The problem requires assorted data sets to monitor cultivation processes and soil management practices. Soil data enables Agritech and Foodtech companies to analyze crop yield, discover internal and shape defects, chemical composition of plant yield and more. Data plays a crucial role in predicting crop growth and condition and limiting land use, contributing to a pollution-free planet.
The digital platform can help track food waste. Today, schools, hospitals, assisted living facilities and B&I prepare millions of meals a day, and they can control waste through a digital platform. A digital platform could track products, menu and recipe through a seamless data flow and provide information to order the right amount needed to prepare meals. Digital transformation with access to data will also help businesses implement the right strategy, management, processes and analytics to enable accurate insights, align, refine consumer needs and embed intelligent decision-making into the business. whole company.
power of democratization
The Next Generation Internet – Metaverse, a digitally transformed alternate reality to our real world, is already democratizing business. According to the futuristic ideas, the global market of this new world is expected to reach $82 billion by 2025 and companies are lining up to participate in the creation of this new world, which will lead to complexity and brilliant visions of our new coming. With the power of these virtual capabilities, digitally advanced businesses will be able to pivot in real time and deliver their products and services as needed virtually and otherwise.
Another important aspect of digital business transformation is resource optimization. It is a process of evaluating the available resources with the requirements of an organization that is designed to achieve its business goals. The need to optimize resources is particularly necessary when the demands of the organization tend to saturate and/or exceed the resources currently available. This process achieves the desired goals within a defined time frame and helps budget the use of critical resources. Therefore, companies need to take advantage of technologies such as artificial intelligence (AI) and robotic process automation (RPA), which will enable them to make informed decisions to implement the required services.
Now, what happens after the integration of modern technologies in companies? The answer is quite simple: invest in a shared digital economy.
Business digitization also helps organizations operating with a relatively small workforce to collaborate with business platforms and digital service providers and span a wide range of shared resources, creating an unparalleled experience for their customers. For business advice and technology solutions to accelerate growth plans, organizations could benefit from digital services that contribute to skills, capabilities and capabilities. These include consulting and management services such as full engineering, cloud, integration, MS Power platform, among others.
Power of Diversity and Inclusiveness
Technology has helped businesses digitally transform and has played an important role in mitigating diversity and inclusiveness challenges. After the Covid-19 outbreak, it disrupted the digital payment ecosystem and today even a tea vendor is using the digital transaction mode. Through the digital arts, technology continues to help and train the disadvantaged and underserved sections of our society, making them digitally capable to support even the smallest businesses.
Integrating digital strategies is crucial to building sustainable businesses. Therefore, leaders and senior managers should invest more in technologies that will not only help digital transformation, but also create an eco-friendly ecosystem.
(This article was originally written by Rajesh Sinha, Founder and Chairman of Fulcrum Digital Inc. All thoughts mentioned in the article are personal and India TV takes no responsibility for them)