A computer or laptop is almost a necessity for most businesses. But that is not an indication of how digitally savvy your operations is.
How do you store and manage your data – in physical files or online folders? Can you collaborate with colleagues who are not based in the office, share files easily or communicate remotely?
As government and industry leaders move towards industry 4.0, digital transformation is more than just a buzzword. It has become a reality for many businesses who will benefit the most from this era of cloud computing.
The numbers speak for themselves: Local small and medium-sized businesses (SMBs) who have gone on a digital drive have projected or enjoyed cost savings and revenue gains in excess of 20 per cent, according to recent survey* by Microsoft.
Despite the data, not all businesses are convinced or prepared for change. In the same survey which polled over 1,000 SMB business leaders across 23 industries in Singapore, only half (56 per cent) have adopted digital transformation strategies.
What is holding the rest back? The perceived high cost of digitalisation, with almost a third of the SMBs identifying cost as the most difficult barrier to overcome.
But high cost is more a fallacy than fact. Microsoft 365 brings together the familiar Office 365 productivity suite, with the addition of device management and security solution to connect people and information in an intelligent new way.
The digital transformation journey is not only easy, but also cost effective.