Rumors and urban myths exist regarding almost every aspect of our lives. Someone says something without clear evidence to support their claim, but the information is delivered in such a compelling way that others pick it up and pass it on in their communities.
Source: http://now.tufts.edu/sites/default/files/111012_ask_rumor_L.jpg
The same holds true in the business environment. Many of these rumors are clearly adapted to our digital age and revolve around digital transformation: everything from what it entails to the implementation process and how it can transform your company. However, rumors are nothing more than mere rumors but can be truly harmful to your company. Below, we will elaborate on the urban myths you should avoid to ensure your business can achieve its set goals.
Urban Myth #1: Digital transformation is pointless in the industry I operate in
A common myth is one that has been perpetuated precisely because the concept of digital transformation was not correctly understood – when people think of digital transformation, they isolate the ‘digital’ part, believing it is reserved only for tech companies.
This couldn’t be further from the truth. Many industries can benefit from digital transformation. One of them is even the pharmaceutical industry – anyone thinking of digital transformation in this industry expects state-of-the-art technological improvements that can literally save lives. While these are certainly desirable at any time, digital transformation is, in fact, powered by EDI systems, successfully eliminating excessive bureaucracy – and by eliminating bureaucracy, lives can be saved, especially by accelerating processes, reducing waiting times, and, of course, reducing the number of errors in documents.
Urban Myth #2: Digital transformation is not a priority right now
Similar to other aspects of life, some people tend to hesitate too much before embarking on a new path. They feel like they don’t have the time, money, or resources required for a transformation as significant as digital transformation.
What they fail to see is that precisely such an investment would give their business a boost, getting their initial investment back and then some. Think about it! EDI systems help you cut document processing costs by up to 35%, simply by eliminating paper-related expenses from the start. Moreover, you gain more time in your favor by shortening business cycles – the faster you deliver orders, the quicker you stabilize your cash flow.
Urban Myth #3: You don’t need to implement more than one solution to achieve digital transformation
It seems that the meaning of digital transformation has been misunderstood – to the point where most people assume that implementing a single solution is sufficient. But once you implement this single solution, your company won’t be digitally transformed as if by magic.
True digital transformation means it has impacted how your business processes and operations run. It’s a drastic change that will undoubtedly reflect in your performance – it never leaves things as they were before. You’ll notice significant improvements in areas like productivity, efficiency, and cost savings.
As you can see, these are rumors that have no place in the business environment – they have the potential to hinder the smooth development of your company. We hope this beginner’s guide to debunking urban myths has been helpful. If you want to learn more, don’t hesitate to contact us.
