21 Nov, 2022
Top 5 Benefits Of Digital Transformation With Data Business Should KnowAs digital transformation becomes an inevitable trend in today's business landscape, data plays a more critical role than ever. The more actionable insights business leaders have about their company, customers, and products, the better they can adapt to changing market needs and enhance their competitive edge. However, many organizations are too impatient to apply technology for digital transformation when not ready in terms of data.
At TPP Software, we understand that a data-driven approach to digital transformation increases business efficiency and agility, creating value for the team, customers and shareholders. Our platform helps technical leaders gain better insight into how their teams are performing.
This article shows how data and analytics are key elements of the digital transformation process and provides guidance on building a data-driven culture to scale software development.
What is digital transformation with data?The term "digital transformation" can mean different things to different organizations. At the most basic level, we can sometimes think of digital transformation as a process, function, and tool that is moved from a traditional offline environment to a digital environment.
However, digital transformation can include anything from building a mobile app, website or process to digitally modernizing and supporting your entire business.
When we think of digital transformation in data with data particular, we mean digital empowerment of the entire enterprise and the improvement of digital and offline data that provides value through understanding, alignment and good action.
Therefore, digital information transformation is not limited to traditional offline brands. Indeed, as we seek to connect dispersed platforms and data points across a broader ecosystem of online and offline organizations, digital data transformation creates a clear overview of how to grow, expand and create value for brands already online as well.
Leading organizations know that knowledge is one of their greatest assets. Using their full potential gives them a competitive advantage over other companies and often makes them leaders and pioneers in the industry. They observe, measure and analyze data to deliver added value to stakeholders and accelerate project delivery.
Key benefits of digital transformation with dataTraditional digital transformation processes have many PROs, but when you add data to the table, you see the digital transformation at scale. Here are some of the benefits companies can gain from using data to drive digital transformation.
Drive optimization by redefining processes and operations
By continuously monitoring and evaluating data, companies benefit from insights into their business processes and operations that help them understand how minimal optimization can drive scalability.
Cost reduction is the most popular starting point for digital transformation. According to Gartner, nearly two-thirds of digital transformation initiatives start with cost targets. Streamlining and digitizing critical monitoring processes that assess resources, workload, and costs creates a solid foundation on which technical leaders can improve end-user experience, increase teamwork efficiency, and reduce costs. With costs in mind, companies are using digital technology to improve resource efficiency, support employee productivity, reduce manufacturing overhead and improve customer service.
TPP Software's executive reports provide CTOs with immediate access to insights and data points, unlocking the intelligence of software development organizations. Our platform automatically collects and analyses data to ensure the visibility of your project. Plus, when you set up custom reports, you only get access to the data you care about.
A higher degree of team collaboration
Data-driven digital transformations automate complex processes and make them faster and more transparent. This promotes real-time collaboration, allowing team members to quickly iterate on software development elements.
Increased business agility
Data-driven transformation can help you become more agile. You can dynamically change your business strategy by quickly collecting and analyzing data.
Access to timely information based on accurate and up-to-date information can help managers make better decisions faster and achieve better results and strategic goals.
Business agility enables companies to succeed in the digital age by quickly adapting their strategies to market changes and opportunities. Companies using data gain earlier insights and a better understanding of business challenges and opportunities. This makes it easier for them to make quick and confident strategic decisions, discover new business markets and change business priorities when necessary.
Maximal benefits with minimal risk
Continuous access to business intelligence and robust, reliable data enables CIOs to understand what is driving market changes and predict the impact of every business decision. The ability to test scenarios with high accuracy and reduce unknown variables ensures that companies maximize benefits and minimize risks. Furthermore, with today's data-driven design management, Agile platforms help create an automated analytics environment that helps companies streamline their development process and comply with industry regulations
Greater value for stakeholders
Good, fast, personal and consistent customer experiences make more customers trust your company. With increased trust comes loyalty, and loyal customers are more likely to verify transactions and share their experiences with others. To earn your customers' trust, you need to create customer loyalty and retention programs that ensure your organization's teams are committed to providing excellent customer service.
A data-driven approach to digital transformation yields insights and action points that help CIOs assess how project progress reports are received by stakeholders. With accurate, data-driven reporting and feedback, they can adjust their strategy and drive the most intuitive end-user solutions to meet business requirements. This increases stakeholder satisfaction and turns more users into loyal brand advocates.
Digital Transformation with Data: Objectives Dictate the ProcessWhen digital transformation is truly successful, data ensures that companies align and combine their tools, strategies, processes and analytics to create an integrated environment that supports smart decision-making and lean, efficient and seamless processes.
Since every business is different, there is no one-size-fits-all approach, so tailored digital strategies must be implemented. It depends on the organization's starting point, existing processes and goals.
It is your responsibility as CIO to define specific project goals and deliver important results. A great way to do this is to focus on clear, transparent and challenging results that can be measured. This approach ensures that teams remain motivated and interested in the project.
Implementation of Agile data-driven management across engineering teams
When done correctly, digital transformation with data helps software development companies implement Agile data-driven management across engineering teams, transforming operations and placing flexibility and business intelligence at the centre of their functions.
To accomplish this, CIOs must focus on several crucial aspects, like automating performance reporting and establishing, tracking, and measuring team performance metrics.
Higher product release quality
Adding technology to your business model can make your business more productive and efficient. Automation speeds up time-consuming manual tasks such as pushing things through workflows.
By automating more time-consuming secondary tasks, your employees have more time to focus on the strategic work that can help your team achieve successful business outcomes and spend less time working.
Technical leaders are under significant pressure to improve the quality of product releases by shortening sprints and responding to code changes and the general need for speed. This can be done by changing operations and using data to improve processes, focusing on things like reducing bugs discovered during the development process, improving unit test coverage, increasing sprint efficiency, or targeting code review increases.
Product performance increase
While each product is unique and offers value based on a few variables, there are still key common outcomes that can influence its performance. CTOs who focus on performance in their digital transformation efforts can focus on reducing critical bugs, increasing overall stability, and creating product sheets to help stakeholders get the most out of their products.
Digital Data Transformation should be used to scale every organization. Digital transformation can bring change and affect all organizations. From offline brands that are just beginning their digital journey to brands that are already online but want to learn more about their anonymous online shoppers and understand opportunities to find smarter data-driven customers.
For more information on defining and measuring OKR values, see our article. Digital transformation of data must be applied to scale all organizations, regardless of their size and profile. While every company has differentiators, similar goals translate into effective strategies.
Digital Transformation with Data: Strategies for Software Development EnterprisesIdentify Inefficiencies, Risks, and Improvement Areas
Companies undergoing digital transformation seek to integrate advanced technologies and automation tools to increase efficiency and innovation.
However, the need to innovate and leverage speed comes with associated risks, potential undetected errors that can escalate and disrupt other types of failures, and failures that slow down a development project.
One way to identify inefficiencies, risks, and areas for improvement is to analyze code repositories. Thanks to platforms like TPP Software, you have a transparent view into the code base of many Git providers such as Github, Gitlab, Azure DevOps and Bitbucket.
To identify risks, TPP Software uses a pattern-matching engine that looks for deviations that cause problems. Our solution takes into account many factors, from the size of the effort to whether the changes made cover a larger area of the codebase or are tightly grouped. We also consider the importance of changes to existing code to understand how they can profoundly affect results.
Use IT as a factor that strengthens your organization's digital transformation
Digitization is the only lever with which an organization can significantly increase efficiency and reduce costs. However, many companies have not yet fully utilized this technology to support sustainable development. Instead, they focus on the digital transformation of existing processes, describing it as a mandatory journey with no clear endpoint.
Digital transformation goes beyond the technologies you use. Changing processes and workflows requires a cultural change, a change in mindset that can only be unlocked with a DevOps mindset.
DevOps combines development and operations philosophy and practices to accelerate software delivery. It also enables organizations to transform by helping them break down silos, opening up space for real-time collaboration between different team members and continuous innovation delivered with agility.
In addition, DevOps automates scenarios, resulting in efficient environments that minimize human error and deliver high value to stakeholders by leveraging human skills in areas where they matter. This approach encourages creativity and problem-solving.
Moreover, DevOps automates landscapes, leading to efficient environments that minimize human errors and deliver high value to stakeholders, using people’s skills in areas where they make a difference. This approach fosters creativity and problem-solving.
Increase Business Velocity with Cloud Principles and Operating Models
Stakeholder expectations are evolving at an unprecedented pace, so organizations need to keep up and grow their business. This can only be done by adopting cloud principles and operating models that allow companies to access new products and services, accelerate time to market and optimize operating costs.
To do this, the CIO must step back and look at the cloud operating model from a holistic perspective, focusing on how the cloud helps companies expand their reach and respond more quickly to new demands.
TPP Software Brings the Data to Digital TransformationDigital transformation with data is essential for software companies that want to stay ahead and deliver added value to their stakeholders.
TPP Software is the Data-Driven Agile way to view designer outputs directly from Git repositories. With our solution, you can integrate processes, measure flows and get immediate access to data and data points. This way, you and your team gain valuable information that can be used to change strategies and flows.