Digital Business Acceleration accelerates the pace of doing the unexpected. Digital business isn’t just about developing new digital products with technology. Digital business is all about applying technology to make new digital products, new digital operating systems, new business strategies and so much more. And separate innovation from transformation.
To see what Digital Business Acceleration means let’s do a thought experiment; take Amazon, for example. When it launched its online grocery store, it not only created a huge buzz among the technology blogs and experts, but also got into a fierce battle with the leading grocery store brands. Because it was going to take on the established players in a highly competitive space, it needed to accelerate its growth plan by creating new strategies to compete.
Digital Business Acceleration is the foundation to Digital Transformation and Digital Business Optimization. Digital transformation is about how you transform your business into a digital business. It is about applying advanced technological processes to improve the efficiency of your internal and external processes and thereby increase productivity and ultimately profit margins. Digital Business Acceleration is about is making those processes more effective and faster – processes that organizations must create and apply if they are going to succeed in an era of accelerated growth where innovation and disruption are the norm.
Digital Business Acceleration is the foundation to Digital Business Optimization and Digital Business Penetration. The first step towards Digital Business Acceleration is Digital Business Penetration: Creating new processes or implementing proven ones so they can work together to transform your organization. It is about testing and iterating the systems and processes so that you can get real-time feedback on how these processes are impacting your bottom line. Digital Business Acceleration provides an environment where organizations can test and iterate their Digital Business Optimization and Digital Business Penetration solutions and see how well they work together to deliver clear business value and at the same time accelerate growth.
Digital Business Acceleration is the foundation to Digital Business Optimization and Digital Business Penetration. The first step towards Digital Business Acceleration is Digital Business Penetration: Creating new processes or implementing proven ones so they can work with each other to transform your organization effectively. It is about testing and iterating the systems and processes so that you can get real-time feedback on how these processes are impacting your bottom line. Digital Business Acceleration provides an environment where organizations can test and iterate their Digital Business Optimization and Digital Business Penetration solutions and see how well they work together to deliver clear business value and at the same time accelerate growth. Digital Business Acceleration is the foundation to Digital Business Optimization and Digital Business Penetration.
Digital Business Acceleration is a series of tools that can be used to implement new processes, streamline processes and drive growth by testing and is iterating new software systems and algorithms that will provide real-time insights into organization operations and help you make faster and more informed decisions. Digital Business Acceleration provides a simple yet powerful methodology for making changes in an organization’s overall business environment through a series of software solutions and technologies. The concept is not to replace current processes but rather to build upon them. The main objective is to enable an organization to reduce costs and at the same time increase revenues.
One of the tools in Digital Business Acceleration is Gartner’s Reality Check tool. Gartner has been an industry leader when it comes to evaluating the potential of digital technologies. The tool helps managers identify areas where deployment of new technologies could improve productivity and in turn lead to increased profitability. Digital Business Acceleration helps managers identify areas where adoption of new technologies could improve productivity and in turn lead to increased profitability. Gartner is one of the most popular consumer brands of software tools and has been in the marketing of information for over a decade. This ensures that the technology is well-designed, well supported and well used by many organizations.
Digital Business Acceleration is a powerful methodology that is capable of accelerating the speed of business change. Digital Business Acceleration is designed to help managers bring about real-time transformations while leveraging existing organizational structure and processes. It helps managers rapidly assimilate new information and accelerate decision making process within an organization. Digital Business Acceleration is a great complement to Digital Business Intelligence (BDI) and other advanced digital business transformation strategies such as transformational management and Competitive intelligence initiatives.
Digital Business to Create New Business Models Using Software Systems to Perform Discrete Business Functions
The Digital Business to create new business models and develop software systems to perform discrete business functions at a higher level is an application of the Theory of Constraints and the Theory of Replacement. The two theories argue that certain functions, such as accounting or customer relationships will be constrained by the existing demand and the existing supply of the particular function. In other words, for any function, the existing supply will either reduce or increase the size of the market requiring the function. To perform these tasks, the software must be able to detect the demand constraint, and in turn be able to quickly and efficiently execute any new demand-based methods of operation.
In applying these theories to software systems to perform discrete business functions, a constraint is an inhibiting feature, which prevents the software from taking any action at all in a given circumstance. For example, if you were to build a new business model, you would first need to demonstrate that there was sufficient demand for your new business model to take off. The second stage would then be to develop software systems to carry out your new business model. Once this has been done, and your software is ready to start delivering the desired results, you could then begin to satisfy the demand by developing new applications, or by selling existing applications and using the proceeds to fund the development of more applications.
The use of software systems to perform discrete business functions can be used in many different ways. It can be used simply to speed up the decision making process for new business applications. It can also be used to provide an improved analytics tool for any existing application. This approach, while less revolutionary than the more popular methods, still offers advantages over more traditional methods. The key is to identify what constraint prevents your software from satisfying the demand before investing in software systems to perform business to business functions.