Digital transformation tools are changing the world right in front of our eyes. The biggest provider of accommodation in the world owns almost zero properties (Airbnb). The leading transportation provider hardly owns any cars (Uber). Even out-and-out manufacturers like John Deere are predicting that 10% of revenues will be driven by digital services by 2030, with this number expected to increase even further.
Leveraging digital transformation tools to drive real business outcomes has emerged as a key way for executives to add value to their organization.
What is a digital transformation tool?
A digital transformation tool includes the technologies that enable organizations to digitize and modernize operations, allowing them to benefit from new technological opportunities, improve operations, and drive value for the business.
Some common use cases demonstrate the role of digital transformation tools effectively:
- Automation: Automating repetitive manual tasks improves efficiencies, reduces errors, and free up people for more high-impact activities
- Decision-making: These tools provide advanced data-driven insights and analytics.
- Efficiency: Operations can be streamlined, purchasing can be predicted, and preemptive maintenance can be scheduled
- Knowledge management: Answers can be accessed in an instant, and super-accurate GenAI can be run over an enterprise’ entire knowledge base
Traditionally, digital transformation tools have included CRM solutions, ERP systems, and so on. Today however, there’s a new generation of digital transformation tools, ones that incorporate generative AI (GenAI) and other recent technologies.
So why hasn’t your organization integrated widespread digital transformation tools? It’s likely due to one of the following challenges.
Challenges in integrating digital transformation tools
These are the common challenges holding back organizations – especially industrial and manufacturing businesses – from implementing digital transformation tools:
Complex integrations
Industry leaders are wary of integrating new technologies, especially if these can potentially cause friction with existing systems. The last thing an organization needs is a new solution that stops a critical process from working, or corrupts data.
Lack of digitalization
Some manufacturers struggle to implement digital transformation plans because their base is not ready for these solutions. For example, many organizations store knowledge in multiple, disparate silos, often in different forms or file types, making a holistic view of all internal knowledge exceptionally challenging.
Privacy and security concerns
Ensuring that others outside the organization do not have access to sensitive internal data is mission-critical. Similarly, role based access and other access controls internally are crucial.
Lack of accuracy
In an industrial context, accuracy is essential. Many people are familiar with “hallucinations” from GenAI tools such as ChatGPT. This is unacceptable in a manufacturing environment.
Where should you implement digital transformation tools first?
Given the challenges that organizations face, where is a good place to start with your digital transformation journey, especially when it comes to new technologies showing demonstrable ROI?
Clearly, these tools should ensure:
- Full privacy and security
- Read-type operations, including retrieving and querying data, without modifying source data
- Pinpoint accuracy
With this in mind, here are 3 digital transformation tools to try today that check these boxes and are an excellent way to start the modern digital transformation experience.
- AI-powered knowledge base: An AI-powered knowledge base that’s specifically designed from the ground up for industrial use cases can quickly show impact and enhance key business outcomes. Korra is such a solution, and is built around accuracy, privacy, security, and access to all data across the organization.
- Digital twins: Digital twins are a virtual copy of a physical system that can be used to make changes and observe results without compromising the physical manifestation of the system.
- Collaboration platforms: Modern collaboration platforms have improved their GenAI components, offering such elements as summaries, action items and more. This is a low-risk way to experience and convince others of the value of digital transformation tools.
About Korra’s digital transformation solution
Korra is changing the way businesses access and utilize institutional knowledge. It enables industrial and manufacturing organizations to embrace the Industry 4.0 revolution by unleashing the latent power within internal repositories through advanced AI.
The platform is able to work with all content types (PDF documents, videos, even web pages) to provide trustworthy and accurate answers that were previously unattainable. This trust is assured through source citation, integrated viewers, and more.
Organizations that are looking to digitalize effectively are leveraging Korra’s cutting-edge technology to transform their diverse knowledge assets into a cohesive, AI-ready digital repository.
Built on a foundation of privacy and security – you’re covered with certifications including GDPR, CCPA, ISO 27001 and SOC2 – and with an exceptionally user-friendly onboarding experience and interface, Korra transforms your organization’s knowledge into a strategic asset.
It should be the first next-gen digital transformation tool you use.
Try it for yourself right now, at no cost, to experience the value you can unlock for your organization.