Digital transformation is a vital part of our future. So, why are we so resistant to it?
Several major companies have made digital transformation an integral part of their company strategy. Yet there are many who are resistant to it – and do not quite know how to tackle the future ahead. This isn’t necessarily something to blame them for: digitalization is new, and it’s scary, and often seen as an option rather than a necessity.
Here’s why digitalization scares us – and how we can deal with that fear.
It means disruption.
There’s no talking around it – digital transformation fundamentally means disruption. Artificial intelligence, blockchain, even automation: they all require us to disrupt our current processes. For many companies, this can simply be too difficult and time-consuming. Our time is taken up by a myriad of projects, activities and meetings, and many of us simply do not have the time to put effort into digitalization projects.
Your company might be doing well. You might even consider your pre-existing processes efficient. Currently, they function effectively and bring your company value. A few years ago, these processes were ahead of the curve.
In a few years, however, they will likely become antiquated or obsolete.
This means implementing things now – big or small – to avoid the unnecessary problems in the future.
This doesn’t have to be huge. It can be something as simple as bringing in a new platform (our STAMP platform is ideal for data management and easily integrated), introducing some automation or even basic artificial intelligence.
Digital transformation doesn’t have to be difficult.
We don’t know if digital transformation is really worth it.
In the future, we will see the true value of AI, automation, blockchain, IoT – the list goes on. However, right now, they seem complicated and unnecessary. The technologies disrupt our processes and require time and effort to implement. There’s always the potential of the tech not being helpful, constructive or future-proof.
Is it really worth it to take the risk?
That’s fundamentally up to you to decide, but consider this: If, in ten years, traditional technologies are no longer relevant and blockchain or automation is widespread, where will your company be? Can it risk falling behind and losing profit?
This isn’t meant to ignite a fear of missing out. Instead, it’s important that innovation becomes a part of your company process – no matter what you do or who you are.
You’ve tried before, and you failed.
Failure is a part of life. When technology doesn’t work out, and you took the risk, it can discourage you from taking changes in the future. Yet, unfortunately, this is a fact of business – and there will be people who take that risk, over and over again, until it works.
Being the one to take the initiative – or support the initiative – can be daunting. Especially when you’re not sure it will even work.
So, why should we do it?
For three reasons:
- The benefit could be exponentially worth any risk of loss.
- Many technologies are tried and tested and you can use a company who knows what they’re doing as well as a platform or technology that has visible and trustworthy implementations.
- It will stop you from losing more in the future.
At Blockhead, we’ve created STAMP – a blockchain-enabled platform that tracks data, whether it’s fuel usage, supply chain processes, or even precious metals streaming data. It’s commodity-agnostic, so it can track almost anything. Interested? Click here to find out more or contact us here for a demo.