Digital Transformation can start with micro-evolution. Digitise your business step by step

Digital Transformation can start with micro-evolution. Digitise your business step by step

Today, digitalisation is synonymous with success. But it is not in itself a guarantee of prosperity. Every company is different and every culture is different. It is important to understand the benefits of digitalisation and to realise that it is enough to start small. What to look out for and where does the path to success lead?

According to research published in the Harvard Business Review, 84% of CEOs recognise the need for digital change. But most of them have no plan for how to make the transformation happen. So it's not a bad idea to take advice.

Why doesn't it work?

A large number of companies get "stuck" on simple optimizations that focus only on enterprise applications, data centres or network infrastructure. Optimizing operations and focusing on efficiency are undoubtedly among the key factors when planning a transformation. But it's essential to rethink everything from the way you work to customer experience to products and business models.??

Some companies are also failing to manage their data assets well - bringing all of their corporate data together into a coherent data strategy with clear goals. Instead, they make decisions based on fragmented or incomplete information that leads to poor decisions.??

The biggest stumbling block, then, is the lack of a digital culture that would prepare the company for a series of micro-revolutions. That is quick and small projects that will deliver positive business results and digital momentum and lead to a successful company-wide transformation.

You learn by making mistakes... and so do companies.

It is the digital culture that is key both to the transformation itself and to sustaining performance. BCG research shows that companies with an established digital culture have five times the financial performance of those that neglect it. Embracing a digital culture means adopting a growth mindset. The traditional "know it all" mindset is being replaced by a "learn it all" culture where failure is okay as long as the company learns from it.

Get clear on what you want

A successful digital transformation strategy is best kick-started by micro-evolution, a set of small projects. They should be well focused, aligned with business objectives and measurable with an emphasis on ROI. Define your objectives before each project. Decide what you want to achieve and be clear about why your business needs to transform digitally. You can go in two directions: either replace the human activity with automated tasks or simplify processes (for example, save printed paper).

Tento obrázek nemá ?ádny popisek

Pavel Tu?il, Head of Enterprise Automation, Trask

"The robot processes everything 3-5 times faster than a human and always has an accurate audit trail behind it. Increasingly, we can automate areas where we couldn't imagine doing it without a human."
Pavel Tu?il, Head of Enterprise Automation, Trask

Robots will free people's hands and brains

Automation and robotics are replacing manual activities that can do without deep expertise with artificial intelligence. Employees can thus perform work with higher added value.

Roboticisation can be done in stages, at different levels and using different tools.

7 benefits of robotization

Lower operating costs

Robots can replace the work of three to five employees. In addition, they save energy, streamline work processes and reduce human error.

Time efficiency

Automation improves process management, speeds up and improves work with data, and significantly reduces delivery times.

Better data protection

Artificial intelligence increases the security of working with sensitive data.

Faster return on investment

Automation is based on individual needs and goals. With lower operating costs, shorter lead times, higher performance and other features, the return on investment are faster.

Competitiveness

Robotics brings time and cost efficiency while improving quality. These factors improve the company's position on a global scale. Another advantage is flexibility, which allows the company to react and adapt quickly to changes.

Smaller ecological footprint

Automation helps reduce negative environmental impacts.

Better planning

Consistent robot performance allows companies to reliably predict the timing, including costs.

Case study

Quickly settle an estate with Trask Semantic Tool

For example, ?SOB has done a great job with digitization, where they solve up to 14,000 unpleasant requests from notaries annually using the automated Trask Semantic Tool system.

Problem

The bank's employees receive up to two hundred requests a day from notaries who handle estates and need to know whether the deceased was a client of the bank and which products he or she used. Each notary sends requests in the usual language but in a different format.

Solution

In collaboration with the Institute of Formal and Applied Linguistics at the Faculty of Mathematics and Physics at Charles University, Trask came up with a solution that allows a computer to understand the content of notarial applications using natural language processing technology. This approach allows human workers to be replaced by a computer and used to process the requests.

How does it work?

The whole process starts with the application arriving at the bank, where it is processed by artificial intelligence. Trask Semantic Tool evaluates whether the document needs human review. If not, the robot independently searches the bank's systems for the necessary answers. It then prepares a final report for submission. This saves bank officials hours of work that can be spent on more important tasks.

What you may not know...

  • In 2018, 15% of companies worldwide used AI, and in 2019, 31% of companies?
  • 40% of all spending goes on digital transformation
  • 68% of executives believe that the future evolution of organisations will be influenced by the ability of humans to collaborate with AI

3 tips to get you started

You can start a series of micro-revolutions with these tools to help you with your digital transformation. Explore their possibilities. Tailor the selection to your goals and needs.

Trask Sematic Tool??

Using artificial intelligence, it handles thousands of requests quickly and flawlessly.

For more information: www.thetrask.com/semantic-tool

Trask Tax Assistant

Filling out pink forms digitally and economically.

More information: www.thetrask.com/tax-assistant

Trask eDoceo

It will enable you to precisely target, scale, automate and completely digitize your corporate training.

For more information:?www.thetrask.com/edoceo

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