Why is India very Slow to Adopt Digital Transformation Compared to Other Nations?

 

Introduction

In India, the acceptance and integration of new technologies into existing systems or creating a new one is very difficult. It’s very difficult to convince people about the advantages of these(new) technologies. We compare technologies with manpower. Manpower is a strength but sometimes it's a pain too. And in most cases, the Involvement of manpower brings errors too.

Adoption & Integration of Digital technologies across businesses not only changes the business processes but also improves the value for customers. Using technologies to monitor the status of the project/work - can facilitate quicker updates and the right action plans can be taken to reduce cost & time.

One of the biggest benefits of adopting digital transformation is the dramatic improvement in efficiency, cost-saving, and increased transparency.

Across various sectors/industries, digital transformation is offering extraordinary opportunities in terms of innovation. There is a continuous evolvement of businesses today who are adopting digital technologies to change their processes right from operations to management.

Companies in India have begun to recognize the potential of digital technologies and how they can benefit them in the long run and are planning to invest more in them. Therefore, the digital technologies market is expected to grow by around $29 Billion by 2027.

What is digital transformation?

Digital transformation is nothing but the adoption of digital technology by an organization that will enhance efficiency and will improve its ability to compete.

Digital transformation involves utilizing digital technologies to transform business processes, culture, and customer experiences to meet changing market and business requirements.

Digital transformation involves reimagining business processes as they relate to digital technology.

How Digital Transformation can be beneficial to your business?

Digital technologies can benefit the in the following ways:

  • Increased productivity: Digital technologies can help improve productivity by optimizing planning, designing, and management of the building environment and other construction operations.
  • Increased safety and risk mitigation: The use of digital technology can help mitigate various risks associated with a construction project. For example, by using high-tech devices such as laser scanners or laser distance meters, field workers can gather essential data without risking their lives.
  • High-quality building: Through digital technologies, human errors can be reduced in construction engineering and architecture tasks. It can help draft accurate designs and documents and improve the overall modeling of the building. And the tasks can be performed more efficiently and with higher quality with the use of digital technology.
  • Improved collaboration: A shared data environment can also improve collaboration between subcontractors and suppliers, speeding up the construction supply chain.

What technologies enable digital transformation?

A person checking the Computerized Maintenance Management system through his iPad, image
Employee generating Bill of Materials/Quantities using construction software, image

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  • A Building Information Model (BIM) is an intelligent modeling tool that allows engineers, architects, and other construction professionals to collaborate on a project in real-time.
Employee working on a BIM model, image
  • By reducing clashes between different departments and human errors, it assists in the planning phase of construction projects.
Construction project in progress in software, image

   It can also help in risk mitigation for a construction process.

Checking the live site using Augmented reality (AR) and virtual reality (VR) for architectural and structural planning, image

Challenges for adopting Digital Transformation

1. Budget

To drive digital transformation, an organization needs to make an investment in acquiring the right technology and the right digital experience team to execute it. Thus, the whole process requires a good amount of capital, which may initially lead to lower profits, but in the long run, this investment will become one of the primary reasons for your business’s success.

Recommendations: To overcome these challenges, companies need to create a comprehensive financial strategy while planning to implement any digital solutions. They also need to calculate long-term benefits and ROI before approaching the project.

Due to this lack of clarity on budget, the decision-making process becomes difficult and forces leaders to rethink their digital transformation funding strategy.

2. Data Security Issues

Privacy and cybersecurity concerns are a push back many enterprise organizations in data-sensitive industries. And that is valid. With Desapex, you can rest assured that your data information is 100% protected from unauthorized access since We are ISO 27001 compliant and follow all necessary protocols for data security.

3. Reluctant to adopt new tools and technologies

There are three C's which keep companies from implementing new technology - Change, Cost, and Culture.

Change

Few people love change and few don’t. People are afraid of new changes.

So, it’s no wonder that most organizations/teams will encounter people who are slow to change or just plain resist it. Even when management clearly sees the benefits of technology, they may also be concerned about alienating certain groups of employees.

Cost

Adopting new technology can sometimes be costly and require some level of skill to implement. They also need to calculate long-term benefits and ROI before approaching the project.

Culture

A typical team consists of engineers, designers, and workers with degrees and education at all levels. Yet, the “we’ve always done it this way” culture persists in doing things the same way putting any business at risk. Instead, companies embrace a culture of

change in order to maximize their potential.

4. Lack of awareness about Digital Transformation & its benefits

Before initiating the process of digitally transforming your business, one must understand and identify the exact business goal. Companies are absolutely aware of the innovation and what it can bring to their business but are very reluctant to change. Why?

  1. Lack of Expertise - To make your digital transformation process successful, you do not need people who are pros in technologies but you just need external experts who can support you and provide you guidance on it.
  2. Internal Resistance - Sometimes upper management/team is reluctant to change because they think there are risks involved in it. However, the risk of not going digital is higher than the risk of failure today. Everybody is adopting this change to improve their current process and systems which will ultimately give you higher profits and revenue for the company and keep up with your competitors as well.   This blog was originally published on desapex.com

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