Digital Transformation is the revolutionary transformation of an organization procedures, processes, competencies and models by leveraging digital technologies coupled with innovative strategies that take present and future changes into consideration. Digital Transformation impacts nearly all businesses, while each solution is unique, the benefits are generally uniform. Operations streamlined through digital transformation benefit from faster distribution, lower labor costs and ultimately an increase in production and profitability.
What is Big Data?
Big Data can be broken down into the three V’s: volume, velocity and variety. The volume of growth of structured and unstructured data, variety of resources and formats, and finally the speed at which the data gets processed. Each company faces their own unique challenges and opportunities. That is why it is essential to work with a professional consultant when it comes to Digitization.
What is Data Capture?
Capturing data, whether from paper or electronic documents, automatically extracts essential data which can be used for organization purposes. For example, by automatically extracting data from invoices, you can create validation workflows by linking invoices with purchase orders, delivery notes, check the correspondence of the data. Today, data capture is becoming increasingly reliable and commonplace thanks to technological innovations in recognition engines. OCR (Optical character recognition) is a key component in data capture. This technology can be applied to various documents where the content structure can be fixed (forms), semi-structured (invoices) or unstructured (mailroom). By automating data capture, customers avoid all the tedious tasks involved in data re-entry.
What is Digitization?
Digitization is the process of converting analog photographs or documents into digital images (numerical format). These digital files can be structured or unstructured, organized and indexed so that they can be quickly accessed or recovered in the case of loss or damage. Afterward, these digital files can be stored physically in the form of a CD or DVD or transferred to cloud server for safekeeping. Digitization allows companies to minimize their paper usage and storage while making operations more efficient.
What is RPA (Robotic Process Automation)?
More and more CIOs are turning to process automation via robots to eliminate tedious tasks, streamline operations, reduce costs, and allows employees to focus on real value-added work. Companies incorporating RPA (Robotic Automation Process) can automate business processes based on rules. Others see RPA as a transitional solution to intelligent automation, the fruit of artificial intelligence, which machine learning tools can be trained to judge future results.
RPA is a technology using business logic and structured inputs, whose purpose is to automate business processes. With RPA tools, a company can configure software, or a “robot,” to capture and interpret applications to process a transaction, manipulate data, trigger responses, and communicate with other digital systems. RPA scenarios range from simply creating an automated e-mail response to deploying thousands of robots, each programmed to automate jobs in an ERP system.
What is Document Management?
Electronic Document Management (EDM) is a computer-based process for organizing and managing electronic information and documents within an organization. Well-structured document management automates validation processes: workflows. Predetermined rules make it possible to link documents to actions or decision-makers. Document management also allows traceability and accountability within companies.