Business Model Digitalization

The ScS Digital Portfolio

Below, the most important aspects of digitalization are listed. Everything from opportunity and risk evaluation, systematic disruption opportunities investigation, modern management methods, and best practices to Internet of Things is covered.

Digitalization is significantly more than just going online or using social media. It describes a complete change of the business model and affects all parts of the organization.

It represents a mindset change.

Topics

Study

Study: Company Benchmark

Cloud

Virtualization & Cloud

ManagementDashboard

Chances and Risks

kreative_ideas

Creativity

World Digital Change medium

Entrepreneurship

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Transformation

DigitalTunnel

Best Practice

Business chalk sketch

Advisory Board

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Industry 4.0

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Internet of Things

SEPA

Funding

CoachingTransparent

Coaching

DataAnalysis

Data Analytics

DigitalMarketing

Digital Marketing

Revolution

Digitalization: Evolution or Revolution?

Analysis

Study: Digitalization & Digital Pressure – A company benchmark

There are many studies investigating the progress of digitalization in companies and industries. Our study goes one step further and asks the questions:

  • What potentials can companies unlock through digitalization?
  • How are different industries affected and which industries can profit the most?
  • What are the risks and how can they be mitigated?
  • Is a company’s view of customer value still aligned with their customers’ views?
  • How can we get ahead of the competition by achieving quick wins?
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Virtualization and Cloud

One of the key elements of the modern world is represented by the technological progress and access to virtual resources, which could be used and paid for based on individual demand. Thanks to the pooling  effect those technologies are becoming
cheaper and more diverse. Today it is possible to buy amounts of computing power that were previously reserved only for computing centers and their owners. Those hurdles have been overcome with the introduction of SaaS, Iaas, and PaaS.

Cloud computing and especially hybrid clouds enable the merging of the old and the new world by providing the best from both of them.

This combination is available for a global use and can be accessed immediately. This leads to the creation of completely new business models and opportunities that use virtualization as more than just a technological resource and transform the entire structure of the company. Virtual teams and experts around the world are available to assist in this undertaking.

Index for Chances and Risks

Customer centricity, customer value, disruption, and digitalization are hot topics at the moment. However, there is almost no satisfactory answer to the question of how to make these concepts tangible and measurable. Because of our love for analysis, we have developed three indices that provide reliable information about disruption probabilities and identify possible digitalization potential.

What could it be used for:

  • A systematic check for disruption possibilities
  • Evaluation of potentials and risks related to digitalization
  • Evaluation of customer value
  • Discovery of potential digitalization possibilities

These indices are based on complex calculations of data from the Internet and big data methods.

 

Creativity and New Business Models

The possibilities presented by the digital world lead to the creation of new business ideas and models. In order to be successful on such a market, companies need to be experts in more than one field. A broad knowledge base, which free of resentment, can be combined with creativity in order to create new ideas, is essential for this. The customer of today can compare products and services online in a matter of seconds. Companies can take advantage of their online customers by collecting a great amount of information on them in order to deliver superior customer value.

Entrepreneurial Management

In order to be able to sustain these new digital business models a change in the management methods must also occur. Entrepreneurial management and Entrepreneurship are more than just a few new methods. They demand a complete mindset change and lead to a new way of running a business. If companies want to participate in this new business world they must adapt to its requirements. Otherwise, they will face an uneven battlefield. Digitalization is the first step on the way to a different mindset.

Digital Transformation

In many cases, the transformation of an existing business model is seen as a Herculean task. On the other hand, we have achieved our current state of development exactly by being able to adapt and improve ourselves. So we do what we do best as a people – we develop further. Today we can do this faster than ever before. The digital transformation has to be deliberately initiated and must be supported by all stakeholders.

Best Practice

Over the years, various approaches for a successful digitization of business models have prevailed. These are not just an IT task, but involve many other divisions as well, from marketing to finance. This is done on the basis of the Entrepreneurial Management methods, combined with enterprise architecture management, and a deep understanding of modern IT facilities and digital marketing. A Step-by-Step Approach helps to keep risks, costs, and planning all under control.

Advisory Board

Whether just a renewal or a complete re-establishment of the business model, sustainability is essential for success in maintaining and expanding the competitive advantage of the company. Access to the knowledge and experience of interdisciplinary experts is indispensable in achieving this goal. An appropriate Advisory Board consisting of such experts is available as and when needed.

Industry 4.0

The cross-industry integration of IT and production processes is now a must-have for any business. Modern IT is an indispensable tool for thoroughly mapping the complete chain from conception, CAD to prototyping, 3D printing and production automation. Safety and reliability plan an important role today, since many production facilities are based at various locations in Germany and abroad. This infrastructure forms the backbone of a so-called Smart Factory.

Internet of Things IoT

The Internet of Things goes further than industry 4.0. By closely connecting as many consumer goods or even of products to one another, it is possible to integrate a lot of things intelligently and thus generate additional value for the user that he would not have had from an individual product. The smart phone and similar devices are becoming the ultimate control center and could help in all daily life aspects. Moreover, IoT also the collection of information on the use of the products, which can be used in order to better and more quickly adapt to the customer requirements by modifying the product.

Project Financing

In an increasingly faster changing world, one must be able to react quickly, which is not always appropriate for financial planning. Project financing allows carrying out projects at the right time when they are most likely to succeed and not when they fit in the financial plan.

Coaching

Digitalization brings a social change with it that will alter the working day as well as the private lives of us all. Experience shows that adaptation speeds could be very different and simply adopting a new strategy will not be enough. There are those who already live in the digital world, those who have helped create it or actively work in it, those that just use it, and those who hate it. As with any technology-driven revolution in the past, the change comes as a process and the existing world is not simply switched off. As always in life, one is not afraid of things that he knows well. Coaching is the key in passing on our digitalization experience and know-how.

Data Analysis

The present possibility to process and analyze unimaginable amounts of data is one of the keys to achieving a high customer value. The Internet of Things provides sensory data on the use of the products in all daily life situations, which can be used to improve the products. This combined with Artificial Intelligence, Predictive Analysis, Big Data and Semantic Web can make gigantic analysis possible, if one sees the Internet as a single database. However, some degree of planning is necessary in advance – which analysis are to be made and what data must be collected in order to run them.

Digital Marketing

The digital world also is also changing marketing, sales and product development. Within seconds, the online customer can discover information on products and services, compare these, and discuss them. On the other hand, the direct customer contact and access to vast amounts of information from social media and the online stores in combination with the information on the product use from the company itself, makes a never before seen customer view possible. Global reach is feasible for each startup today. This requires an adequate presence on the right channel with the right content.

A link to the digital world customer development process will be posted here.

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Digitalization: Evolution or Revolution?

Our Infographic answers the question: Is digitalization simply the next step in the progression of IT or is it a revolution that needs to be addressed on all levels?