Authors: Naresh Makhijani, Sherni Makhijani. 22/09/2023
Each year brings new challenges for businesses. However, organizations are expected to perform better. Lately, the economic situation is changing at a faster rate: with the possibility of a recession, strengthened by conflicts around the world and climate change. The growth of Artificial Intelligence is also disrupting many industries. With the acceptance of hybrid work among organizations, many leaders are pushed to change their business models. Many organizations are implementing a digital office, but many leaders have yet to effectively reap the benefits.
It is a working environment in which information is stored and organized electronically and is easily retrievable. Many components of productivity and collaboration are executed digitally, allowing people to work from anywhere. This allows companies to become agile. Organizations are focusing on digital strategies to develop their data management and security. 70% of organizations are planning or developing their data management strategy, however only 20% have managed to complete it.
The following are major features needed in a digital platform:
There are a number of ways that implementing a digital office can benefit your organization:
The global digital transformation market is expected to be worth 3,144 billion USD in 2030, compared to the 695 billion 2023. Foundry found that 93% of organizations have, or plan to, adopt a “digital-first” business strategy. Many industries are planning or implementing it, with Financial and Technology in the lead.
Implementing a digital office can take 3 to 12 months, depending on the scope and size. It goes through 5 clear steps:
Digital Office is extremely important for organizations today to stay competitive. However, it’s also becoming a necessity for the future. Organizations that are pushing back on implementing their digital office are at risk of falling behind as challenges become more unpredictable, and changes happening at faster rates.
For more on this, please watch the following video:
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