Digital transformation projects have often been and still are, seen as purely a technology initiative driven by the IT department. However, digital transformation is truly synonymous with the business transformation that drives growth and operational efficiency.

New challenges for a digital world

Organisations must update and implement new technologies, tools and platforms that are increasingly necessary for business life. Change and innovation projects are becoming more frequent as a response to the need for organisations to adapt to a new digital reality.

Therefore, digital transformation must be seen as the process by which companies reorganise processes and strategies, obtaining benefits through the integration and implementation of digital technologies, by moving towards

  • The integration of digital technology in all areas of the company where the entire value chain is involved and which, of course, includes suppliers and customers without exception.
  • The implementation in the company of some of the most current technologies such as Big Data, Cloud, Artificial Intelligence, IoT, BIM, I3D or robotics.

Factors to increase operational efficiency

The digital transformation of a business presents enormous opportunities for innovation and competitive advantage, which will require a complete rethinking of the organisation: cultural, strategic, technological and operational changes.

In this transformation, processes and data play a fundamental role, as achieving a good operational efficiency ratio is not just another indicator that entities must present, but a requirement to be able to account for the digital transformation.

Organizational culture

The digital transformation implies a change in the work culture and the adoption of new workflows due to the process of technological change. In this process it is very important to prepare employees for this transition, acquiring new technological competencies and skills to improve efficiency.

Innovation

The company must involve its employees in the strategic objectives to generate an appropriate organisational environment that allows innovation processes to take place, whether they are operational, organisational or functional.

Technology

To leverage the digital transformation in organizations, it is essential to improve procedures through the adoption of innovative technologies that will directly impact operational efficiency, which translates into greater productivity.

For example, for the management of business assets, solutions must be implemented that improve the efficiency of operations, maximising the availability of productive assets and directly impacting the organisation’s profit and loss account.

Efficient asset management with Retain

Implementing a robust enterprise asset management solution can directly contribute to how organisations improve their operational efficiency by increasing revenue and decreasing costs.

At Retain we help organisations transform their management model based on operational efficiency, through tools that optimise the life cycle of productive investments.