Comprehensive Training Curriculum on Digital Transformation Training PPT

What is this slide for: Importance of Digital Transformation to Business

This slide covers: This slide depicts the importance of digital transformation. When done right, it results into enriched customer experience, smooth collaboration across departments, data-based insights, enhanced profitability and reduced costs, better agility and innovation, enhanced market penetration, improved decision making, and long-term returns.

Instructor’s Notes:

The importance of digital transformation are as follows:

• Data-based Insights: The use of digital technology allows for more accurate tracking of metrics and increases transparency. Businesses can use these insights to improve their processes and strategies. They can document everything and keep records for better strategic planning
• Smooth Collaboration across Departments: Businesses have access to more data due to digital transformation, and they can analyze which processes or techniques are more efficient. Implementing these efficient processes increases staff productivity. It also allows for open and smooth communication between different teams and departments
• Enhanced Profitability and Reduced Costs: When a company's technology and operations are digitized, it results in greater savings and increased sales. Because digital technology reduces the number of manual interventions, processes become faster and become more accurate. Thus, implementing IT solutions in organizations is highly beneficial
• Better Agility and Innovation: Customers expect better services as technology advances. Digital technology fosters agility and innovation in the workplace and the ability to meet customer demands. Businesses that want to stay relevant must adopt digital transformation services at the earliest
• Enhanced Market Penetration: Unexplored markets can be penetrated, and digital technologies can target newer customers. As business efficiency improves, the market penetration process becomes more effective. It aids in the expansion of customer base and recall of the product or service
• Evolving Customer Expectations: Customer expectations are rising, and every company is working hard to keep up. Consumers can now explore alternatives to meet their needs more efficiently than ever before. As a result, each company has to have customer retention as the key goal. It will only be possible if the company digitally transforms itself to meet the expectations of its customers
• Staying ahead of the Competition: Businesses can now lead because of technological and capability advancements that were unavailable five years ago. If they do not adapt to this shift, they will undoubtedly fall behind their competitors. If a company does not embrace digital transformations, someone else will
• Informed Decision Making: Businesses can benefit from big data by integrating data and analytics into their digital transformation strategy. With the right combination of analytical tools, this data can be transformed into essential business insights, allowing you to make better, faster decisions. The more profound analytical tools are embedded in company operations, the greater is their integration and impact
• Long Term Returns: Digital Transformation may necessitate a significant investment in money, workforce training, and revamping existing organizational procedures, but the benefits will be significant in long-term

What is this slide for: Major Components of Digital Transformation

This slide covers: This slide depicts the components of digital transformation. The components highlighted are customer focus, organizational structure, change management, transformational leadership, technology decisions, integration, internal customer experience, logistics and supply chain, data security, privacy and ethics, evolution of products, services and processes, digitization, and personalization.

Instructor’s Notes:

The Components of Digital Transformation are:

• Customer Focus: The first shift transforms the company from a product-focused to a customer-focused mindset. Companies that are best prepared for and achieve the best results from digital transformations understand their customers and strongly understand their wants and needs
• Organizational Structure: A transparent culture that embraces change is required for digital transformation. Break down internal silos and rally executives and leaders behind the new digital vision
• Change Management: A lot of digital transformations fail due to a lack of employee support. People are hardwired to stay the same and often resist change, even when they see the potential benefits. The most effective change management efforts are in sync with today's fast-paced business environment
• Transformational Leadership: A lot of digital transformations fail due to a lack of employee support. People are hardwired to stay the same and often resist change, even when they see the potential benefits. The most effective change management efforts are in sync with today's fast-paced business environment
• Technology Decisions: Decisions about digital transformation cannot be made in a vacuum. Most purchase decisions involve an average of 15 people, half of whom are in IT. Leaders must collaborate to represent their respective departments and the company's overall goals
• Integration: Focusing on data aids in the integration of digital solutions across the organization. The larger the company, the more complex the approach to data. A streamlined data strategy is required for a successful digital transformation
• Internal Customer Experience: The internal customer experience (employee experience) is heavily influenced by digital transformation. Obtaining employee feedback and providing consumer-grade technology solutions greatly empowers employees to deliver an exceptional performance
• Logistics and Supply Chain: A digital transformation is ineffective unless it improves the speed and dependability with which customers receive their goods or services. A digital approach to logistics and supply chain management increases efficiency
• Data Security, Privacy and Ethics: The vast majority of consumers believe their personal information is vulnerable to a data breach. Data security should be prioritized while updating processes and systems as part of a digital transformation
• Evolution of Products, Services and Processes: Digital transformation necessitates a shift in how products and services are delivered and the products and services themselves. Modern products are smarter and more innovative in their delivery
• Digitization: Digitizing a business entails creating seamless integrations between digital and physical stores. Retailers such as Target and Best Buy have blurred the line between digital and retail with great success
• Personalization: Customers appreciates personalized service. Businesses must leverage digital solutions to understand their customers better and provide recommendations and experiences that are unique to them

What is this slide for: Challenges of Digital Transformation in Banking

This slide covers: This slide illustrates the challenges of digital transformation in banking which are acceptability of a fully digitized bank, security, and legacy of ancient banking systems.

Instructor’s Notes:

The challenges of digital transformation in banking industry are:

• Acceptability of a Fully Digitized Bank: Even though the adoption of digital banking is on the rise, there is considerable skepticism as well. Furthermore, some people are skeptical of going completely digital then will face this acceptability change for sure
• Security: One of the most significant digital transformation challenges that banks face in undergoing digital transformation is the security of their IT infrastructure and data
• Legacy of Ancient Banking Systems: Most legacy banking systems use the COBOL programming language. This has been around for a long time and is not compatible with today’s technology. While the demand for seamless digital banking increases, upgrading and these banking systems usually takes a long time
• Non-financial Institutions Already Filling the Space: Several non-financial institutions provide services similar to what is expected of a digital bank today. Users of social media platforms, such as Facebook, can now send money directly to another person's bank account. It is difficult for financial institutions to cope because the unregulated tech platforms are not bound by any rules
• Internal Barriers: To fully digitize banking, both the banking system and its employees must undergo a cultural shift. Banks, however, have a distinct way of departmentalizing, which has a significant impact on the level of technology to be used. While a digital banking system will benefit some departments, it will force others to lay off workers. Employee education and training may also be required

What is this slide for: AR/VR as a Part of Learning Methods in Digital Education

This slide covers: This slide explains how AR/VR is used in education and how it is benefiting the education industry. Augmented Reality/Virtual Reality can help learners grasp abstract concepts and gain hands-on experience on things otherwise impossible in physical world. These technologies aim to promote student engagement and nurture better understanding. Complex concepts can be explained to the students in a controlled environment by making learning immersive and experiential through the Virtual Reality headsets.

Instructor’s Notes:

The most significant benefits of AR/VR in education are:

• AR/VR makes learning experiential and immersive
• It causes enhanced memory retention among learners
• It is considered to be a great aid to students who experience difficulty in learning
• It simplifies complex topics and concepts for better understanding of students
• It fosters self-sufficiency and self-learning among students
• It is a great training tool to instill confidence in learners
• It makes remote learning more engaging and interesting