Business Models
Globalization of services, even in relatively small companies (e.g. Netflix, Twitter, Instagram)
Increasing separation between service and delivery (e.g. Uber, Alibaba, Airbnb)
Rapid change especially in services
Digitalization
Digitalization
Digitalization has turned into one of the most important drivers for innovation in recent decades. Changes in economy and society triggered by digitalization keep accelerating faster and faster. Much of the business world is undergoing radical change: The “New Economy” which was promised in the 1990s has already become a reality in many areas. This technological change doesn’t affect only business processes, but also entire areas of industry and even societies.
Digitalization is therefore a difficult concept to grasp since it actually has 2 meanings. Both of these are often combined:
DIGITALIZATION AS CHANGER OF ECONOMY AND SOCIETY
Digital change with regard to the social change of economy and society is characterized by a number of different themes:
DIGITALIZATION AND USE OF IT TECHNOLOGIES
Digitalization is often thought of as the implementation of new IT technologies in a company/business division or in an organization. Technology can then also be a catalyst for repositioning processes or business models. The most important technologies which drive this change include:
- Consistent use of web and mobile first technologies
- Fixed and mobile broadband Internet
- Virtualization and cloud
- Big Data
- Artificial Intelligence
- Agile software development
- Script languages & web frameworks
MEETING THE CHALLENGE OF DIGITALIZATION
These changes as well as the multitude of new themes pose a huge challenge to companies and public institutions. Meeting the challenge of digitalization means:
- Seeing and implementing digitalization as a comprehensive approach for changing society, technology, markets, organizations and processes.
- Project visions must look at least 2 – 3 years into the future so that a solution isn’t already obsolete by the time it’s implemented. This means a vision must take technical advancements and societal changes into consideration.
- Promoting the use of agile solutions in designing products, all the way up to implementation of IT systems, and actively pursuing the maturation of results.
- Promoting disruption on all levels in areas where change will produce clearly recognizable advantages.
- Learning from mistakes and quickly providing for change for solutions which cannot fulfill their expected goals.
- Making organizations fit for rapid changes, since technology and related innovations are being developed faster and faster.
Our experience shows that digitalization can quickly overtax any organization. Everybody wants to join in – but it’s often not easy to bring about an actual benefit for one’s own business. For over ten years, we’ve followed the approach of combining business and IT into one, to generate added value for our clients.
Karl Schott, CEO
The experts at Spirit in Projects are always ready to help you when you want to implement digitalization to make your business sustainable. This includes analyzing and re-positioning your processes and implementing IT technologies so they run in an optimal manner.