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Companies with a digital strategy survive

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Nowadays organizations cannot survive with nothing but positivity, energy and entrepreneurial spirit. The last few weeks have proven that. Still, here is a positive message: even if most work comes to a standstill, this is not the time to 'rest in place'. In fact, now is the time for some work that requires renewed energy. Get out of the starting blocks!

Companies that were the first to embrace digital technologies, or have recently emerged entirely from an online starting point, currently appear to have the best cards in hand to survive the current crisis. They had a clear digital strategy and vision, which undoubtedly started with asking important questions, such as:

- Do we have a vision of how digital technologies, such as artificial intelligence (AI), machine learning (ML) and data mining, can help us strengthen our competitive position or even become market leaders?
- Do we know whether we can implement this vision ourselves or do we need outside help for the necessary capabilities?
- Are there enthusiastic employees in-house that we can train, making us as a company even stronger, more valuable and more competitive?
- Which digital solution do we want to excel with to achieve a unique user experience?
- How can we build the most secure digital organization possible for both our customers and employees?

'Digitalize your business operations now, dive into the cloud now, send your staff on a course now'.

Bring business and tech together
Now is the perfect time to put together teams of business and technical experts within or outside the organization. Let them investigate which competitors are doing better and why that is the case. For example, do they have better customer contact via apps, smart additions to their product or services or are they perhaps able to make better predictions based on deep learning and algorithms and thus make the right business decisions? By conducting this type of preliminary research now, the teams can then answer an important second question:

The will to do things differently and even better has always been the determining factor for successful entrepreneurship. This will be no different after the corona crisis. Analyze the experiences of the competitive research and, for example, take a masterclass in the field of AI, data strategy, change management or cybersecurity to really make a difference. Fortunately, because we live in a digital world, master classes can take place online, allowing you to develop an even better digital strategy to make a difference.

Doing even better can include:

- Digitize business processes and thus organize them smarter, more efficiently and cheaper;
- Organize ordering processes end-to-end and make them friendlier and simpler for customers;
- Automate and shorten logistics and production processes;
- Order stocks based on demand forecasts from data analyses;
- Use AI and sensors to predict the service demand of production systems so that continuity is guaranteed.

In the Xafax Group, large numbers of us have also been working from home as much as possible in recent times. It is no different, under the spell of Covid-19. We have our online infrastructure in order and can help you with that too. Do you notice that your organization is experiencing problems in your online infrastructure? Then don't hesitate for a moment, the (digital) coffee is ready!

Source: Computable

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