Digital Modernization: Survive or Thrive with times

This post explores the digital modernization technologies that are already out there, and how you can thrive using them.
Digital modernization is coming whether businesses want it or not. 74% of enterprises now admit that updating their systems is essential for driving digital transformation.

However, company attitudes toward future-ready technology differ considerably. They aren’t being proactive. Most are just surviving, playing a game of catch-up, and trying to keep up with changes in the marketplace. It’s not sustainable.

However, there are those that are seeking opportunities for technology enablement. Rather than viewing innovation as a cost, they see them as something they can leverage. And because of this, they are thriving.

Digital Modernization Opportunities
In the last decade, technology companies built out the infrastructure necessary for full-blown digital transformation. Cloud apps, web servers, SaaS, and managed service providers have all made it possible for run-of-the-mill firms to access state-of-the-art IT systems, networks, and cybersecurity.

Digital modernization opportunities accelerated during the pandemic. In 2020 and 2021, companies began looking for tools that would let them complete their digital metamorphosis ahead of schedule, as they wrestled with remote work and increased online demand.

For many firms, digital modernization is now a matter of risk reduction. Reducing reliance on physical premises is protective against future pandemics and sunk costs. It is also about reimagining business models. Executives now realize that transforming their digital infrastructure is about more than just upgrading their IT systems. It is letting them explore fundamentally new ways of making money using the resources that they already have.

Here are some digital modernization opportunities currently available to firms that choose to thrive (not just survive):

Improved UI experience for both staff and customers. External companies are much more likely to invest in the user interface experience because their business models depend on it. The same is not true when firms manage systems internally.
Quicker adaptation to changes in resource demands. Companies that modernize and leverage the cloud can adapt to spikes in service demand and evolve beyond clunky, limited legacy systems. Cloud providers offer elastic resource supply dynamically via serverless computing, reducing application costs by more than 94%
Greater emphasis on digital sales channels. Digital modernization is also making it easier for companies to engage with their true audiences, not just customers in their local area. This enables more niche selling across a wider market.
How To Readjust Core Business Priorities To Digital Modernization
Getting a business to change direction in light of newly available technologies is challenging but possible. Here’s what you need to do:

Prioritize customer value. Make the case that your team should modernize by spelling out how it will positively benefit the customer. Make it clear how each new IT development will drive sales, increase profitability, and make jobs at the firm more secure.
Simplify your architecture. Business consolidation is essential for reducing costs. Digital modernization makes this possible for firms’ IT networks. Abandoning the haphazard approaches of the past and using simpler, SaaS, and cloud-based services reduce IT resource commitments.
Get your team ready. Make sure that key players are on board before you make sweeping changes. Get “buy-in” from staff on the ground to make the transition more seamless.
Wrapping Up
Innovation isn’t slowing down. In fact, in the digital realm, it’s speeding up. Businesses, therefore, need to prepare now. If they don’t, they’ll find themselves playing a constant game of catch-up, never really leveraging technologies as they arrive.

YP TEK Solutions can help. We let you easily move your existing applications to modern architecture, reducing waste and aligning your enterprise IT goals with your business objectives.