Iokode Technologies defines defines Digital Transformation as, in its simplest terms, the use of technology and business process optimization to improve the stakeholder experience. Digital transformation is not a specific product or service, but rather a commitment to improvement through self-evaluation, innovation and technology. At its core, Digital Transformation involves evaluating the purpose, efficiency and effectiveness of processes, reimagining how processes should work and identifying and leveraging technology to execute upon the reimagined process. It requires a culture that supports innovation.
Our solutions are built to identify and implement process and technology enhancements that are scalable and enable improved data reliability, productivity and timely reporting and analysis. Through our cross-functional team of risk and technology professionals, we provide insights and assistance in improving the foundational business processes of an organization and identify and implement technology to further automate and support those processes. Some of our areas of technology specialization include:
- Reporting, Planning, & Analytics
- Automation and Workflow
- Data Management & Integration
- Artificial Intelligence/Machine Learning
- Infrastructure and Cloud
- Compliance & Security
We work with our clients through three phases – Discover, Plan and Execute – to deliver solutions that incorporate both technology and enhanced business processes to improve the stakeholder experience.
- Discover
- Plan
- Execute
To make the best recommendations for your organization, we must first understand where you’re currently at by assessing the purpose, efficiency and effectiveness of your current processes and technology, including data architecture, in the identified business process areas. We’ll also assess the number of individuals and the amount of time it takes to perform the business processes. The result of the Discover phase will be recommendations to reimagine and strengthen existing processes and technology, as well as solutions to further enhance and automate the business process areas.
he recommendations from the Discover phase will be reviewed and assessed collaboratively with you to establish which projects to execute and in what order, resulting in a prioritized plan for implementing the identified recommendations. The results of the Plan phase are detailed project plans and selected solutions with budgets, timelines, and resource requirements, setting you on the path to digital transformation.
Once we know the opportunities and have agreed on a transformation plan, Schneider Downs will assist in the project management and solution implementation process through the Execute phase.
Working with our dedicated solutions implementation teams, leading software vendors, and key partners, we will execute and manage the individual projects to ensure your projects are implemented collaboratively and in alignment with your organization’s overall goals and objectives.
More than ever before, businesses today are in need of timely, accurate, and meaningful data. Shortcomings in existing processes and technologies result in issues such as data integrity, timeliness, and completeness of the information that business operations need to make informed business decisions. Combined with the increasingly digital world and dependency on data, the importance of Digital Transformation will continue to grow.
No, the intention of Digital Transformation is to enable people across all functional areas to perform value-added tasks. While technology may be able to replace redundant tasks, it is not meant to replace people. We believe technology is supplemental and supports what people will do for an organization because technology cannot replace a human’s ability to think creatively, critically, strategically, and collaboratively.