So much so that according to a recent Accenture study, 45% of European companies prioritized going digital in the face of COVID-19. 

Do You Want to Take Advantage of the Benefits of Digitization in Your Company?

Joining the digitization bandwagon helps companies not to close doors and follow market trends and customer demands. In addition, it allows companies to compete at the same Time that technology does not stop advancing. These are some of the benefits of betting on digitization in your company.

1. Reduce Time

All processes are streamlined with the presence of digitization. Digital transformation helps apply business models such as economy of scale, which can increase production in a single cycle while decreasing fixed costs.

In this sense, it is achieved that the distance between the beginning of the cycle until the final product is assembled and sent to its destination is much smaller. 

With the reduction of Time, the number of goods produced can be increased; thus, profits are raised with the same investment of resources as in the past. Robotization and remote monitoring have contributed to this improvement that lasts over time.

2. Greater Use of Human Resources

With digitalization, all mechanical operations work is left in the hands of ever more intelligent machines and robots. This gives the possibility of taking advantage of the company’s talent and human resources to dedicate them to many more analytical tasks. 

In this way, it is possible to generate more value for the company since the staff will focus on thinking about how to give the company greater profitability and business opportunities.

In addition, the retention of talent in the company is favored. All the tasks that are part of a repetitive routine can cause the staff to get bored and think about a change of professional direction that prevents their career from stagnating. 

If this type of task is left in the hands of machines, we will avoid this negative consequence.

3. Improved Efficiency

Big data tools are capable of predicting customer demand. Thanks to them, it will be possible to carry out a much more efficient allocation of resources that will favor the reduction of production times.

Automation and the possibility of storing information in the cloud also free employees from tasks that can carry out autonomously.

4. Cost Reduction

The self-employed or companies with fewer resources must optimize costs. Taking advantage of all digital media allows to reduce stock costs at a logistics level and establish a direct line of contact with all stakeholders.

This also allows for improving all the production processes that a company can have and will directly impact the increase in sales.

5. Greater Flexibility

Digitization can lower the number of visits by consumers to the physical store and promote a more significant commitment to electronic commerce. In this way, the consumer has greater flexibility to make purchases without following a customer service schedule, as was the case in the past.

From then on, the company also has greater flexibility to organize orders and coordinate with the delivery company or its logistics provider, depending on whether they have it integrated.

6. Improve Communications

The digital realm opens the door to new forms of communication. E-mail implies greater immediacy both when transmitting and responding. In addition, digitization opens up other channels such as social networks, collaborative tools, multi-conference platforms, or the sending of newsletters to inform about business news.

These tools make it possible to create new strategies to approach customers and improve brand positioning. Thanks to them, any company can show its products or services to a more significant number of potential customers. 

The marketing and communication departments have entirely changed their structure to adapt to digitization’s new challenges.

7. Enables the Development of New Products or Services

Another benefit of digitization is that it favors the transformation or creation of new products or services. 

For example, a physical store that switches to selling its inventory online will be able to expand its reach and reach many more people. New business opportunities are developed that allow going to new places unattainable only physically.

The benefits of digitization are summed up in a much more efficient production focused on achieving results, reducing costs, and increasing profitability.

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For this reason, analyzing in-depth how this sector will grow and evolve is the only way to save time and help companies prioritize their investments so as not to be left behind in this digitization process.

SerbanBiometrics highlights the main IT trends at a corporate level that will be essential in the next 10 years to remain competitive, agile, and efficient:

Cloud Growth

The services and features of this platform increase revenue generation, provide the opportunity to expand knowledge about customers and promote digital transformation. 

It is estimated that Cloud Services’ penetration percentage will exceed 80% in the year 2035. The future of cloud computing will go through the use of this technology in four main points:

Advanced data analytics and artificial intelligence: the creation of virtual data lakes will be promoted, thanks to which companies will be able to carry out more Machine Learning and Deep Learning operations, as well as provide them with prediction and optimization skills derived from artificial intelligence ( AI) and will gain more excellent aptitude in customer segmentation.

Better customer management: thanks to cloud technology, entities will be able to personalize customers’ online experience more intelligently.

Savings and internal improvement: cloud computing will reduce company processes’ execution time and cost.

Digital Identification

Until recently, the best way to identify a user was passwords, but this system is increasingly vulnerable to increased cyberattacks. 

Biometrics is becoming the best solution. So much so that global spending on the identity verification market will grow exponentially, reaching more than $18 billion by 2027, according to Statista. Today, many companies are implementing digital identification systems in a host of functions, especially in the banking sector. 

There were 14.4 million victims of identity fraud in the United States alone in 2018, and we could have avoided this with identification systems based on this technology. Voice biometrics is currently used as an identification tool for its employees, especially those who are teleworking and do not come to the office. 

In the case of facial biometrics applied to accident insurance, it is already facilitating the management of this type of incident. This sector will grow to limits that few can imagine today in the coming years.

More and More Blockchain

It is more than evident that this technology has arrived to settle and be part of all the big companies. Although it is indeed a great challenge of time and effort, it is already a true revolution in numerous procedures and processes. It is expected to continue advancing and developing in different sectors for the next decade. 

The banking sector is one of the focuses on which this technology will be focused, improving the management of bureaucratic processes, making transactions more and more agile at a lower cost, and, in addition, the level of privacy in these entities will be higher. 

The Internet of things is already being a significant handicap of security, and the Blockchain is going to have a lot to say because being a public and decentralized system allows all the blocks and transactions stored in it to be validated, in addition to the fact that there is no single authority that can approve the transactions. 

In this way, the security of all network devices will increase exponentially. Finally, another of its benefits will go to social networks to avoid constant privacy violations, carry out data control and observe the relevance of the content.

Cyber ​​Security as Maximum

Suppose you want to face the increase in attacks on supply chains, the clear trend of increasing ransomware against companies worldwide, and the new hybrid work format. 

In that case, the direction for the coming years for any company in cybersecurity will be the Zero Trust strategy; thanks to this technique, they will guarantee total visibility and control of all the layers of a company. 

In addition, now that each year passes, the number of devices connected to a network will increase exponentially, both IoT and mobile; it is imperative to protect each one of them since this implies many possible security breaches with the consequences that this may have.

If, until now, it has been essential to have technological tools to manage the day-to-day running of a company, in the next 10 years, it will be crucial. 

Cloud computing has allowed companies to continue teleworking, which is essential to continue after the pandemic. Digital identity and biometric tools are the future of accurate identification and fraud elimination. 

And the Blockchain and cybersecurity will be irreplaceable measures and systems to keep companies safe and secure from any cyberattack.

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