6 Different Types of Digital Resources for Business

The fourth industrial revolution (4IR) is well underway. And the most significant change it has brought is the digitization of most business processes. Those who don’t adapt to the changes and fail to adopt digital transformation will lose opportunities to grow their businesses exponentially.That’s why you must implement the right digital resources that will power your business into the future.What are Digital Resources?Digital resources are automated systems designed to digitize legacy systems used to run businesses. A digital resource serves the purpose of helping you increase productivity, improve efficiency, and reduce costs. This results in higher customer satisfaction rates, business growth, and a boost in revenue.Digital Transformation vs. Digital Resources — What’s the Difference As you look into digitizing aspects of your business, you’ll hear two terms being used interchangeably — digital transformation and digital resources.But are these two the same?No, they are not. Here’s the difference between the two:Digital transformation. This is the process of adopting systems, processes, and tools that will help digitize your business.Digital resources. These are the actual tools you use to adopt digital transformation in your business. These include hardware and software and software components as well as cloud-based solutions.Now that you know the difference let’s quickly dive into the digital resources you should know as you look to embrace digital transformation.6 Different…

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Tools for building an E-commerce website 

With all the new and advanced technology made available today, building a website has never been simpler. Establishing an online presence for your business is now seen as essential and you don’t have to rely solely on social media; why not create your very own website?!  First you need to understand a website is not a virtual brochure; it is a live boutique that needs to be maintained for proper and effective results. So, when creating or updating your website here is a checklist to keep you on track: Understand and build your client profile - buyer persona What are your business objectives How do you want your customers to view you - brand positioning What type of messaging do you hope to convey with your website - brand messaging What do you expect from having a website - expected outcomes Who are your competitors and what are they doing with their website - competition analysis  What type of content needs to be displayed to meet your business objectives Have the right skillset for website management/ maintenance Internal vs external resources How do you plan on measuring your website performance - metrics  A website can be a powerful tool if leveraged properly. You not only get to control the layout and functionality of the data presented, but you also get to be proactive in building…

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7 Key Steps to Creating a Business Growth Strategy That Works
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7 Key Steps to Creating a Business Growth Strategy That Works

Your business needs a business growth strategy, especially if you are a small or medium-sized business.  The statistics are clear, startup businesses are risky, but a quality growth strategy can help. As Entrepreneur Magazine elucidates, “If only half of startups survive more than five years and only one-third make it to 10, what’s the one thing you could do to ensure your company is sustainable? The answer is to create a growth strategy for your business, of course.” Business growth strategies are vital for well-established businesses as well, and they can (and should) change as markets shift, customer priorities change, or labor markets respond to cultural change. But a business growth strategy is much more than hoping for the best. The best growth strategy has a framework, and a detailed plan for how you get from where you are to where you hope to be.  We’ve established a list of 7 key steps to creating a business growth strategy that works. Determine areas for growth Any effective business growth strategy must begin with identifying the target area (or areas) for growth. HubSpot explains, “It’s great that you want to grow your business, but what exactly do you want to grow? Your business growth plan should hone in on specific areas of growth.” They go on to suggest…

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Invest and modernize to grow your SME through CDAP 

Through the CDAP, Canadian SMEs will be able to assess their digital readiness and apply for grants and loans online. Small and medium businesses would be able to leverage e-commerce opportunities, upgrade or adopt digital technologies and digitize their operations to stay competitive and meet customer needs in the digital world.

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The Importance of Digital Transformation in Business
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The Importance of Digital Transformation in Business

If you own or run a business, you have probably heard of digital transformation. If you haven’t, then it’s especially important that you keep reading, but even those who are already aware of the idea may be wrestling with big questions about why digital transformation may be important for their business. Digital transformation is vital for you to modernize and stay nimble In this ever-changing, fast-moving business world. Whether your business is big or small, whether you are public-facing or not, there are digital transformation solutions and services that can help you grow, and make you better at what you do.  In fact, Forbes declared that “the era of digital transformation is here for companies of all sizes and types, from Fortune 500s to startups.”  Let’s take a look at some of the benefits of digital transformation. But first a quick overview. What is digital transformation? One of the things that makes digital transformation feel so alien is that it’s a little hard to define. The Harvard Business Review says,  “Despite years of discussion, understanding what digital transformation means for established companies remains a daunting challenge. Leaders put in charge of a digital transformation feel pulled in many different directions, with competing demands from IT, marketing, sales, and operations. Without a clear understanding, the wrong people are…

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5 Tips for Innovation and Modernization Your Business Can Do Today

If you own or operate a business, then you should be thinking about innovation and modernization. This is true for nearly every business, and especially true for companies that have not deliberately strategized for modernization or innovation recently. We can examine innovation and modernization across a variety of parts of a business, from our customer profiles to our physical plants, but let’s focus our attention primarily on the technical side of your business.     Why modernization and innovation matter You may be wondering why innovation and modernization are important at all. After all, your business is running just fine without making drastic changes to your strategy or your business practices, right?  Perhaps things are great–but they can ALWAYS be better. What if you could streamline some aspect of your business to make you more responsive to your clients? What if there was a way to better engage your potential customers and make them more likely to choose you (along-side of, or integrated with, your marketing strategy)? What if you could make a few changes that would make it easier for your employees to work together to solve problems? This is all a part of a business process modernization. And as CIO Deb Gildersleeve puts it, “I have yet to see a place where modernizing isn't needed.” …

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7 Digital Solutions Services Every Company Needs
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7 Digital Solutions Services Every Company Needs

Your business is unique. You have worked very hard to establish your brand, and to find your place in your market. Even so, your business can definitely benefit from digital solutions, whether you operate in a brick and mortar capacity with a set physical location, or you operate completely remotely. Digital solutions is a wide-ranging concept, so to get you starters, we’ve identified 7 digital solutions services that every company needs.  Before we explore the essential digital solutions services, Let’s define digital solutions as a concept. What are Digital Solutions? At the most simple, a digital solution is a computerized method of doing something that otherwise would have to be done in another–and often slower and more time-involved–way. To put it another way, we’re talking about using technology to help streamline processes or to solve problems. As technology has improved, digital solutions have been developed to handle a huge range of tasks and to solve many different kinds of problems. Remember, these aren’t just tools, they are meant to be SOLUTIONS.  Many businesses have moved from in-person operations to fully remote or flexible work environments. With that shift has come the idea of digital transformation, a sweeping paradigm shift for business operations strategy. As Entrepreneur Magazine explains:  When you commit to digital transformation, you’re enabling your company…

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How to Sidestep the Perils of Budgeting for Digital Transformation

Many of our clients are making digital transformation happen by accessing various government funding programs. Those programs want to see detailed financial information, including a “project budget.” How do you create a realistic budget for digital transformation when you know you’re headed on a journey that won’t be a predictable “project”? Here are some guidelines for creating a detailed but flexible set of numbers to persuade funders and keep your team on track.

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