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Chapter 2
Chapter 2
Chapter 2
Regardless if data is structured or unstructured, having the most accurate and relevant
data at hand will be key for companies looking to gain an advantage.
Process Digitization
- Automating business process that used to be done manually is no longer
effective for doing good business
- It is the new trend that changes a process from manual to digital form.
- It uses CAMSS - Cloud, Analytics, Mobile, Social and Security which helps in
decision management, connecting the Internet of Things (IoT) and SMART
machines to work in conjunction with HUMANS to advance automation beyond
standardization.
- Companies struggling to support digitization should consider cutting the number
of steps required, reducing the number of documents, developing automated
decision making, and dealing with regulatory and fraud issues.
• Operating models
• Organizational structures
• Data models
• Digitizing in a prioritized and strategic way
Impact of Digitization
- Global Process Standardization
- Reduced Process Cycle Time
- Improved Process Visibility/Tracking
- Implementation of Process Controls
- Elimination of Paper Forms
- Improved Workflow Productivity