Most businesses use one or more of these technologies to simplify managing a business, from the basics of electronic bookkeeping and a website to highly sophisticated systems that help a company become almost entirely automated.
Digital adoption means making use of technology that’s appropriate to your company’s needs. The digital technology you use is the instrument you employ to gather data, process, and create the information your company needs. It’s crucial to select the appropriate tools to add to your toolbox. Digital adoption can help your company to compete and expand. Digital adoption plans will never be the same as plans for other businesses. With the assistance of our experienced digital experts, You can have plans tailored to your business’s needs.
Benefits of Digital Adoption
Based on a study by BDC, There are myriad positive aspects of digital technology.
More productivity – 60% of surveyed businesses said they had higher productivity.
Reduced Costs – 50 percent saw a reduction in operating costs. Higher quality- 42% said their products and services are higher quality following the adoption of Solidified Resilience 64 percent of businesses reported adopting digital technologies per the post-Covid survey conducted by BDC.
Better Financial Performance – 62% of firms with advanced digital maturity recorded significant sales growth. They also were 52 percent more likely to experience higher profits and 70 percent more likely to export.
High-Level Innovation Companies that experienced adopting high-quality digital technology were 329 percent more likely to create or introduce new innovations.
Implementing Digital Adoption
The decision to make the next step towards developing your business is both exciting and intimidating at the same time. You can take a few simple steps to take your business to the next step.
1. Create a vision statement for your business
Where do you hope to be within the next year or in, three years, or even five years? Partner with your colleagues and employees to create this goal.
2. Develop your action plan for digital development
Select one or a couple of things you think your company could profit the most from. Make a schedule and assign roles to reach the goals of 1 to 2 years. They are usually affordable and simple to incorporate within your business.
3. Find the digital solutions that match your needs to your digital needs
Create a list of your requirements and look for the most suitable solutions to meet those requirements. Don’t shop first! This will ensure you receive exactly what you require to realize your business’s goals.
4. Begin by assisting employees as they change
It isn’t always easy for employees to adjust to changes from the top, which is why it’s so crucial to solicit their input regarding the corporate vision. The solutions that help them be more efficient and efficient will assist the business manager with retention and surveying employees’ exits should they decide to make a career change. It is important to educate employees to be aware of the latest technologies.
5. Continuous Improvement
If someone starts a company, plans for digital adoption tend to be easy, low-cost steps to increase visibility, enhance communication, and create functionalities. They can invest in an eShop platform, design software, and other tools to manage projects that can improve efficiency and performance.
As a business grows, its digital plan must be reviewed to accommodate its changing needs. Every time you will have to invest and have a great chance to expand your business further. This new plan would use modern tools that will lead to more efficient systems, the consolidation of work, and the capability to reduce time and employees to grow your business in other efficient ways.
Challenges of Digital Adoption
- Waiting on implementation
- Resistance to Change
- Costs higher than originally thought
- Systems’ expectations that are not satisfied
- Systems from different departments that are at odds with one another
- Unanticipated disruption
The Benefits of Utilizing an Outside Firm
Establishing a digital adoption strategy can be extremely beneficial for any company, big or small! In most cases, it is advisable to consult with an outside expert and assist with the implementation steps.
- Eliminating the guesswork
- Teams with experience can collaborate with you
- One stop shopping
- Resources galore!
One of the most exciting benefits you can currently get from an outside company for Canada could be one of the benefits currently available to Canadians is the Canada Digital Adoption Program (CDAP). If you are an enterprise of a medium to small size, we can give you an assessment of this program. Approved, the Canadian Digital Adoption Plan will pay as much as 90% of the costs for the development of the plan, as high as $15,000. If the plan is approved, you can apply for a no-interest loan of up to $100,000 for the plan’s implementation. This is a great chance for small companies to get a greater digital advantage than larger corporations! Contact us at our Digital Marketing Agency to get an assessment of your company today!