Digital Transformation: Dream versus Reality

Digital Transformation: Dream versus Reality
July 26, 2019 Franzi

Why you should stop fearing digital transformation and start using your data

The biggest challenge for the competitiveness of companies today is digital transformation. It’s probably not the first time you’ve read this sentence. Digitization, automation, industry 4.0 – all these terms have been making their rounds for many years. Countless blog posts, market studies and specialist articles are therefore a consistent reminder that they must digitise themselves. Automation is the way into the future. Those who do not yet use their digital data will lose the competition. This is not the first time we have used this argument in this blog.

With so many warnings and clues, one would assume that the challenge of digital transformation has now been overcome by most companies, or at least is at the top of the agenda. That would be the dream. But the reality is different. As the CFO study Finance Excellence by Horváth & Partners, a consulting firm, shows most CFOs have recognised the challenges of digitisation, but only very few companies take action to overcome these hurdles.

Process Mining Digitale Transformation Traum versus Realität

These results are concerning. But fortunately, companies like Lana Labs have developed a suitable solution for the problem of data and digitisation in recent years: Process Mining. Tools like LANA Process Mining are perfect enablers for the transformation of your company.

 

Transform strategically. Implement smartly. Optimize sustainably.

With LANA Process Mining you have full control over your digitization strategy. You can find out how LANA makes your company faster, more efficient and smarter by talking to our experts.

Dream versus reality: Status quo among CFOs

The data confirms that the importance of digitisation, automation and standardisation has reached decision-makers. More than half of all CFOs (58 percent), for example, consider a fragmented IT landscape the biggest hurdle to success. At the same time, 9 out of 10 decision-makers are certain: processes and control must be automated and systems standardised.

The most important drivers cited include Robotic Process Automation (RPA), Advanced Analytics and Big Data – factors that have already been discussed for a few years. But evidently implementation is challenging. Only 24 percent of the companies studied categorise Data analysis as a central strategic factor; 20 percent of companies are already using RPA.

One of the most important arguments: Digitisation strategies should not be reactive, but proactively implemented by the management which has often failed to recognise its opportnuities. But there is a solution: Process Mining.

Transform the company with Process Mining

Process Mining for beginners – The technology simply explained

Since Process Mining solves more than just one problem, data-based automated process analysis bears enormous potential for companies.

Maßnahmen Digitale Transformation

A renewed look at the data shows that among the top 10 most important measures for successful digital transformation, more than half are efficiently feasible through Process Mining.

Tools such as LANA help you standardise your processes, enable process automation, reduce costs through better resource efficiency, centralise your controlling and analytically optimise your business processes.

The logical conclusion: Process Mining is the ideal enabler for the digital transformation of your company. The combination of machine learning and user-friendly application makes LANA the perfect tool to meet these challenges.

Book a free product demonstration with our experts today.