Digital Transformation Simplified...
- Mohit Malhotra
- Apr 22, 2024
- 3 min read
Digital Disruption no longer a debate, when everything on our planet (business, industry, technology, people, interactions) is going through the change of their lives. Where data is growing exponentially, we see billions of connected things operational each year. When humans and technology make several connections between physical and digital world.
When Data is at the center of everything, the speed with which business critical information is gathered, processed and analysed is greater today than ever. Then discoverability, accessibility, availability, reliability, consistency are longer just words for intelligent decision making.
The question comes to mind what is driving this change? By now you have the answer in your mind. Yes, SIMPLIFICATION. Simplification is Inspiration.... Be it simplifying employee experience or customer experience in this inter-connected world.
Every year, hundred's and thousand's of companies put digital transformation as one of their key corporate objective and build strategies to get there. Some try big-bang approach, while others got incremental. What's common is one word FEAR? The fear of wasted time, effort, money, and potential.
Each year, billions of $$ are spent on digitization (new products, new technologies) that do not deliver what they promise. Result - Missed Opportunity.
What's the Choice? Disrupt or get Disrupted.
Consider that almost 90 per cent of companies that were on the Fortune 500 list in 1955 do not exist today, having disappeared sometime over the past 60 years. The pace of change expected across all industries will be far more dramatic than what we have known over the past several decades.
Running a business in this digital age demands a whole new approach. It requires greater speed, agility, and ongoing innovation to capitalize on opportunities presented, instant insight, ability to develop and introduce new business models and products.
To address the need for acceleration, innovation, simplification all at once. Let's look at SAP offerings called 'SAP Model Company'.
The question comes to mind. Is SAP Model Company updated version BC Sets or best practice guides or RDS (Rapid deployment Solution) or may be combination of accelerators? Hmm... not really, its much more.
SAP Model Company is a package of outcome based pre-assembled software (includes all required applications, customizing settings, and sample data), best practices, accelerators (configuration and how-to guides, test and demo scripts) and business content (end-to-end process models by roles, business process hierarchy, sample workflows, reports, enhancements and forms), tailored to an industry or line of business.
Each SAP Model Company is based on the SAP Digital Business Framework, the Industry Reference Architecture, SAP Activate methodology embedded in an overall transformation road map and delivered as a service in an agile way (discovery/prototype) introducing standardization across a variety of use cases.
A cross-product solution that integrates with the end-to-end processes enabled by several SAP offerings including SAP S/4HANA® software, SAP SuccessFactors® solutions, and SAP Hybris® solutions.
An approach to help organisations reduce cost, decrease risk, and accelerate adoption during discovery, preparation, exploration, and realization activities.
Businesses can access lessons learned in real systems, move in an agile way and accelerate with a platform built on innovation – instead of spending resources and time on commodities allowing to be productive sooner.
Each SAP Model Company service has a mandatory set of assets that are used to prepare for and execute service delivery.
Industries and Lines of Business Supported by SAP® Model Company: Airlines, Automotive, Chemicals, Retail, Insurance, Banking, Life Sciences, Mining, Oil & Gas, Mills production, Utilities.
Digital transformation that delivers outcomes...
Planning and resolving post-transformation challenges, choosing the right roles and functions to hire or outsource, creating new operational processes for information sharing and unprecedented transparency are nothing more than guesswork.
A model company-driven approach could help chart the finer details of your digital strategy with certainty. By injecting a level of standardization into your digital strategy, you can build a future of disruptive value for your business and customers with low-cost implementations of the latest technology, faster time to value, and constant innovation.
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