Why Your Business Needs a Digital Transformation

Schneider Electric

We are living in a new economy of change, and every day brings innovation. With this innovation comes greater opportunities, but also greater expectations from customers and therefore increased pressure to stay relevant. Agility is key in this new world, and the key to being agile is digital transformation.

The idea of digitising systems in business is not new – in fact, there are few businesses out there that aren’t using some sort of digital system in their everyday activities. However, there is a significant difference between digitisation and digital transformation. A digital transformation is an ongoing process of re-evaluation and flexibility that is aided by the use of digital systems.

So why go the extra step from digitalisation to a digital transformation? Well, undertaking a digital transformation will enable your business to act quickly when markets change. It will allow you to continue to meet the needs of your customers, as their needs change, and it will keep you ahead of your competitors.

When Schneider Electric decided we wanted to be at the forefront of a worldwide digital transformation, we knew it couldn’t just be business as usual. We had to dramatically change the makeup of the business.

Fundamental structural changes were required. The creation of a framework, called EcoStruxure, and a new internal team to drive innovation and supply new ideas to the rest of the company were put in place. We built a new strategy to enhance our core business with connectivity and analytics. These insights were then used to build new offers and business models for customers, which in turn transformed our customer engagement.

If this sounds like a journey your business is ready to take, Schneider Electric can help you take the first steps and guide you along the way.