 will be designing a new deployment model to integrate new team members into the company and new roles to oversee the digitization of business processes. The supervisors of digital initiatives (be it a CIO, CTO or CEO) might come up with new ecommerce metrics (such as those related to conversion rates or acquiring new users) and incentive systems to encourage employees to deliver on those metrics.
Adoption of innovative applications for teamwork and workflow management can help reduce issues with onboarding or overseeing employees, as well as foster productive dialog and collaboration. Among other talent initiatives might be an organization of digital learning programs, webinars, and conferences with invited guest experts and thought leaders.
At the core of digital transformation, unsurprisingly, lies the innovative technology and its timely adoption. And although the research has shown that 93% of companies agree that innovative technologies are necessary for achieving their digital transformation goals (Forrester), nearly 43% of executives believe they don’t have the right technology to implement them (PwC).
Even though 93% of companies agree that innovative technologies are necessary for achieving their digital transformation goals, nearly 43% of executives believe they don’t have the right technology to implement a digital transformation.
Source: Forrester & PwC.
While the alignment of strategy and leadership is certainly one of the deciding factors for transformation, technology plays a critical role in its success. To ensure the technology’s gradual but timely adoption, companies are often recommended to follow an agile development methodology that allows for quick and iterative testing of new concepts and technologies.
Partnering with technology vendors is extremely important because some of the required technical expertise might not be available internally. It’s critical for industries to establish long-term partnerships with their technology vendors to ensure seamless integration between old and new systems.
Less than 30% of companies report partnering with their technology vendors although partnering with vendors is one of the best practices to avoid failure.
The adoption of any technology is perhaps the most difficult part of digitization. That is why it’s important to continuously re-evaluate the company’s priorities, solutions and use cases. By gradually and incrementally testing and implementing new concepts, companies can achieve organic user adoption that brings many benefits, including an increase in both employee and customer satisfaction and loyalty. A phased approach to implementation allows companies to deliver self-service, ecommerce functionality in batches and see how it performs in any given circumstances before rolling out more sophisticated features.
The post-pandemic reality dictates new rules of the game: Companies who fail will be those that don’t seek to invest in technology and take advantage of data. However, those companies that will prioritize investment in smart technologies will ultimately succeed. Even though industries might still be lagging behind in their digitization efforts, there’s plenty of time to catch up. Instead of building from scratch, adopt already-established best practices and learn from someone else’s mistakes.
Thinking of transforming your company now? Virto Commerce can help you transition, achieve your transformation goals and support you along your digitization journey. Contact us or schedule a demo now, and we’ll be in touch shortly to help you get started.
What Is B2B Marketplace Cannibalization and Should You Worry About It?I painted this from a reference photo that I took on an annual summer visit with our daughter’s family to Martha’s Vineyard in Massachusetts. Lambert’s Cove has a beautiful beach with beautiful views! The huge rock in the foreground helped create the perspective for the sailboat in the distance. The island is so beautiful with abundant subject matter for paintings! The original is not for sale at this time because it is hanging on my wall!
Featured in FAA group: Created by Southern Artists on 7/1/22.
Laurie, thank you so much!!
Eddie, thank you so much!!
David, thank you so very much for the feature!
Beautiful image Sherrell!
Brian, many, many thanks!!
LaDonna, thanks so much!!
Thank you kindly, Ronald!Vancouver, BC / TNW – Accesswire / November 13, 2017 – NORTEC MINERALS CORP. (the “Company” or “Nortec”) (TSXV: NVT) – Further to Nortec’s press release dated October 5, 2017 announcing the closing of the first tranche of 5,735,000 shares for gross proceeds of $430,125, the Company is extending the completion and closing of the second tranche Private Placement. TSX Venture Exchange granted an extension for 30 days. The second tranche Private Placement is expected to be in the range of $150,000 to $200,000.
Nortec announced the Private Placement of 7,500,000 common shares at a price of $0.075 per share on September 2, 2017.
The Shares will be distributed to purchasers in accordance with the rules and regulations of the Securities Act and TSX Venture Exchange policies which includes 4 (four) month hold period from the date of issuance. A finder’s fee is payable on portions of the Placement also in accordance with TSX Venture policies.
Nortec is a mineral exploration and development company based in Vancouver, British Columbia. The Company has a 49% interest in the Tammela Gold & Lithium Project in South-West Finland. Sunstone Metals (formerly Avalon Minerals), a public Australian mining company has earned the 51% interest and is carrying out the 29% Stage 2 earn-in interest on the Tammela Project. Sunstone has completed more than 3,000 meters diamond drilling on the Kietyonmaki lithium prospect and the Satulinmaki and Riukka prospects that comprise the Tammela Project. Detailed information on the Company’s projects have been posted on the Company’s website www.nortecminerals.com.Helping Hand for Relief and Development (HHRD) is a registered 501 (c) (3) nonprofit organization in the United State of America. HHRD has established field offices, in Africa, Jordan and Pakistan. HHRD provides humanitarian global relief and development; committed to serve humanity by integrating resources and providing needed response in natural and man-made disasters. Programs are carried through HHRD itself and local partner organizations in 50+ countries; throughout Africa, Asia, Europe and Middle East. HHRD’s main focus is Emergency Relief, Orphan Support, Interest Free Micro-Finance, Healthcare, Education, In-Kind Donations, Skills Development, Infrastructure Development, Physical Rehabilitation, Education, Water for Life, Public Advocacy and Youth Development.
All Veterans in San Diego and Imperial County are invited to attend.
Representatives from the VA San Diego Healthcare System, San Diego VA Regional Office, and San Diego National Cemetery are hosting a Virtual Veteran Town Hall meeting on Monday, November 9, 2020, from 5:00 – 6:00 p.m. The meeting will include short briefings by each VA administration director and then a question and answer session. We encourage Veterans to participate and provide feedback and suggestions regarding their VA customer service experience so we can continue to provide the best possible health care and benefits.
The Tibetan government-in-exile in Dharamsala held special prayers to mark the anniversary of the Tibetan uprising against the Chinese occupation, and their subsequent exile to India in 1959.
This was the first programme organised after the Dalai Lama's arrival from United States, where he met US President Barrack Obama at the White House on February 18.
As part of the prayers, the Tibetan administration and the general Tibetans organised a ceremony for their spiritual leader, the 14th Dalai Lama.
Thousands of Tibetans, including Buddhist monks, gathered at the Tsuglagkhang Temple in Dharamsala to offer prayers for their leader's long life.
"This time the central Tibetan administration as well as the general Tibetan public, they are jointly offering prayers for the long life of His Holiness, and simultaneously for the fulfilment of all his wishes, and His Holiness has just arrived from the United States, and this is the first programme organized by the Tibetan government," said Lobsang Choedak, Information Officer of Tibetan Government in-exile.
The heads of the four schools of Tibetan Buddhism, officials from the Tibetan Supreme Justice Commission, Tibetan Parliament in-exile, the Kashag (governing council), and the autonomous bodies of Tibetan administration attended the prayer ceremony.
China has controlled Tibet since troops of the People's Liberation Army took over the region in 1950.
Nearly a decade later, Tibetan spiritual leader, the Dalai Lama, led an abortive uprising against Chinese rule in 1959.'We've crafted a team of rockstars to spread Fyre': Fyre Festival's ludicrous pitch presentation has been leaked
Perhaps it was only a matter of time. The pitch presentation for Fyre Festival, the luxury event pitting itself as the new Coachella based in a remote island in the Bahamas, has been leaked.
Over the weekend, Fyre Festival left hundreds of people who had paid between $450 and $100,000 for tickets to the boutique event stranded in airports and without accommodation in the Exumas. Poor food, burst sewage pipes and a distinct lack of headliners saw the festival cancelled on its first day, leaving ticket-holders furious and social media voyeurs mercilessly gleeful.
The event was co-founded by rapper Ja Rule and 25-year-old tech entrepreneur Billy McFarland. While Ja Rule explicitly stated that the events were "NOT MY FAULT", McFarland explained in a column for Rolling Stone that "our festival became a real thing and took [on] a life of its own."
