{"id":371,"date":"2019-09-09T08:12:02","date_gmt":"2019-09-09T08:12:02","guid":{"rendered":"https:\/\/www.maskbc.com\/blog\/?p=371"},"modified":"2019-09-10T11:48:25","modified_gmt":"2019-09-10T11:48:25","slug":"digital-transformation-challenges-for-small-and-midsize-businesses","status":"publish","type":"post","link":"https:\/\/www.maskbc.com\/blog\/digital-transformation-challenges-for-small-and-midsize-businesses\/","title":{"rendered":"Digital transformation Challenges for SME\u2019s"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row][vc_column][vc_custom_heading text=&#8221;Digital transformation challenges for small and midsize businesses&#8221; font_container=&#8221;tag:h2|font_size:40|text_align:left&#8221; google_fonts=&#8221;font_family:Adamina%3Aregular|font_style:400%20regular%3A400%3Anormal&#8221; css_animation=&#8221;fadeInLeft&#8221;][vc_custom_heading text=&#8221;What is Digital Transformation?&#8221; font_container=&#8221;tag:h2|font_size:30|text_align:left|color:%231e73be&#8221; google_fonts=&#8221;font_family:Adamina%3Aregular|font_style:400%20regular%3A400%3Anormal&#8221; css_animation=&#8221;fadeInLeft&#8221;][vc_column_text]<\/p>\n<ul>\n<li>\n<h3>Digital transformation is the integration of digital technology into all areas of a\u00a0 business, fundamentally changing how you operate and deliver value to customers.<\/h3>\n<\/li>\n<li>\n<h3>A digital transformation strategy aims to create the capabilities of fully leveraging the possibilities and opportunities of new technologies and their impact faster, better and in more innovative ways in the future.<\/h3>\n<\/li>\n<li>\n<h3>For small businesses just getting started, there\u2019s no need to set up your business processes and transform them later. You can future-proof your organization from the word go.<\/h3>\n<\/li>\n<li>\n<h3>Digital transformation helps an organization to keep pace with emerging customer demands now and, if sustained, in the future.<\/h3>\n<\/li>\n<li>\n<h3>It transcends traditional roles like sales, marketing, and customer service.<\/h3>\n<\/li>\n<li>\n<h3>Instead, the digital transformation begins and ends with how you think about, and engage with, customers.<\/h3>\n<\/li>\n<\/ul>\n<p>[\/vc_column_text][vc_single_image image=&#8221;375&#8243; img_size=&#8221;full&#8221; alignment=&#8221;center&#8221;][vc_custom_heading text=&#8221;Following are the Digital transformation challenges for small<br \/>\nand midsize businesses:&#8221; font_container=&#8221;tag:h2|font_size:30|text_align:left|color:%231e73be&#8221; google_fonts=&#8221;font_family:Adamina%3Aregular|font_style:400%20regular%3A400%3Anormal&#8221; css_animation=&#8221;fadeInLeft&#8221;][vc_custom_heading text=&#8221;1. Awareness about the importance of digital transformation-&#8221; font_container=&#8221;tag:h2|font_size:25|text_align:left&#8221; google_fonts=&#8221;font_family:Adamina%3Aregular|font_style:400%20regular%3A400%3Anormal&#8221; css_animation=&#8221;fadeInLeft&#8221;][vc_column_text]<\/p>\n<h4>Digital transformation is not about technology, but also about how businesses keep up with the world\u2019s increasingly tech-intensive consumers. Therefore it is very important to aware the importance of digital transformation. Businesses that adapt to their consumers will always be in business and that is what digital transformation is about.<\/h4>\n<p>[\/vc_column_text][vc_custom_heading text=&#8221;2. Plan a cost-effective strategy-&#8221; font_container=&#8221;tag:h2|font_size:25|text_align:left&#8221; google_fonts=&#8221;font_family:Adamina%3Aregular|font_style:400%20regular%3A400%3Anormal&#8221; css_animation=&#8221;fadeInLeft&#8221;][vc_column_text]<\/p>\n<h4 style=\"text-align: left;\">Plan your costs for digitizing your business. Not having control on your spending will undoubtedly lead to overspending your budget as costs escalate. Without a cost strategy, SMBs(Small Medium Businesses) will have to spend more money than they planned, which will affect the company\u2019s overall business results and the success of the implementation.<\/h4>\n<p>[\/vc_column_text][vc_custom_heading text=&#8221;3. Address operational security risks-&#8221; font_container=&#8221;tag:h2|font_size:25|text_align:left&#8221; google_fonts=&#8221;font_family:Adamina%3Aregular|font_style:400%20regular%3A400%3Anormal&#8221; css_animation=&#8221;fadeInLeft&#8221;][vc_column_text]<\/p>\n<h4>Although technologies are commonly associated with digital transformation like the Internet of Things (IoT) undoubtedly offer many advantages, they can bring about a host of security risks as well.<\/h4>\n<p>[\/vc_column_text][vc_custom_heading text=&#8221;4. Insecurities about cybersecurity-&#8221; font_container=&#8221;tag:h2|font_size:25|text_align:left&#8221; google_fonts=&#8221;font_family:Adamina%3Aregular|font_style:400%20regular%3A400%3Anormal&#8221; css_animation=&#8221;fadeInLeft&#8221;][vc_column_text]<\/p>\n<h4>As of right now, cybersecurity efforts are focused on the military and home affairs rather than industry. Hence why SMEs do not have sufficient understanding of cybersecurity and its benefits on business operations.<\/h4>\n<p>[\/vc_column_text][vc_custom_heading text=&#8221;5. Build the right technology stack-&#8221; font_container=&#8221;tag:h2|font_size:25|text_align:left&#8221; google_fonts=&#8221;font_family:Adamina%3Aregular|font_style:400%20regular%3A400%3Anormal&#8221; css_animation=&#8221;fadeInLeft&#8221;][vc_column_text]<\/p>\n<h4>Build your technology stack on a software model.\u00a0 Make sure the stack allows your employees to work where they want in the way they want. This will definitely increase your team\u2019s productivity, which leads to enormous benefits for your business.<\/h4>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_single_image image=&#8221;374&#8243; img_size=&#8221;full&#8221; alignment=&#8221;center&#8221;][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][vc_custom_heading text=&#8221;Digital transformation challenges for small and midsize businesses&#8221; font_container=&#8221;tag:h2|font_size:40|text_align:left&#8221; google_fonts=&#8221;font_family:Adamina%3Aregular|font_style:400%20regular%3A400%3Anormal&#8221; css_animation=&#8221;fadeInLeft&#8221;][vc_custom_heading text=&#8221;What is Digital Transformation?&#8221; font_container=&#8221;tag:h2|font_size:30|text_align:left|color:%231e73be&#8221; google_fonts=&#8221;font_family:Adamina%3Aregular|font_style:400%20regular%3A400%3Anormal&#8221; css_animation=&#8221;fadeInLeft&#8221;][vc_column_text] Digital<\/p>\n","protected":false},"author":1,"featured_media":377,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[19,107,108,266,265,110],"yst_prominent_words":[204,28,38,276,277,98,92,278,269,268,274,275,279,272,273,271,270],"class_list":["post-371","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-sap","tag-sap-b1","tag-sap-business-one","tag-sap-partner","tag-sap-partners","tag-sap-software"],"_links":{"self":[{"href":"https:\/\/www.maskbc.com\/blog\/wp-json\/wp\/v2\/posts\/371","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.maskbc.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.maskbc.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.maskbc.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.maskbc.com\/blog\/wp-json\/wp\/v2\/comments?post=371"}],"version-history":[{"count":5,"href":"https:\/\/www.maskbc.com\/blog\/wp-json\/wp\/v2\/posts\/371\/revisions"}],"predecessor-version":[{"id":380,"href":"https:\/\/www.maskbc.com\/blog\/wp-json\/wp\/v2\/posts\/371\/revisions\/380"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.maskbc.com\/blog\/wp-json\/wp\/v2\/media\/377"}],"wp:attachment":[{"href":"https:\/\/www.maskbc.com\/blog\/wp-json\/wp\/v2\/media?parent=371"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.maskbc.com\/blog\/wp-json\/wp\/v2\/categories?post=371"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.maskbc.com\/blog\/wp-json\/wp\/v2\/tags?post=371"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.maskbc.com\/blog\/wp-json\/wp\/v2\/yst_prominent_words?post=371"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}