Do you know Why IT System Advisor Key to Investment Return in Both Try in SMEs? The modern business landscape has transformed as a result of these new inventions and digitization, which are transforming every area of our life as we speak. Thus, there is a greater than ever requirement for strategic IT alignment. In the odd event that you have never heard of this idea, doing so will guarantee that your IT investments are in line with the goals of your corporation. Additionally, it assists you in making decisions for your organisation that will help you reach your financial goals. As a result, the alignment is deeply ingrained in the system and has various positive effects for the company, including an increase in sales, better customer service, lower operating expenses, increased system efficacy, etc.
A solid Strategic IT alignment, however, has become an absolute necessity for startups and SMEs, aside from the obvious gains. We spoke with IT development and digitalization expert Haroon Rashid, Head of PMO at Ufone Telecom, to gain a deeper knowledge of its significance and contribution to the industry. Rashid has extensive experience with financial digitalization and infrastructures in addition to designing and effectively preparing IT strategy alignment for numerous organisations.
How Investing in IT Can Generate More Revenue
Thus, one of these new and emerging companies’ top priorities ought to be raising income. These, according to Rashid, can be attained in a number of ways, including by attracting more customers, increasing the average transaction size, and increasing the frequency of transactions per client. Digital marketing and AI-based consumer profiling, two of the numerous capabilities IT alignment has to offer enterprises, can be used to achieve all of these goals.
Smart technology systems and solutions can help businesses both internally run their operations more efficiently and provide their customers with the services they need. Offering clients a service or good that best fits their requirements results in pleased clients who are more inclined to use your services again. Additionally, IT alignment can enhance each analytical tool your firm employs to expand and improve the services it provides to customers. Last but not least, these solutions frequently result in more efficient and seamless procedures that help your new company save time and money.
Digitalization; Costs and Benefits
When a project or new business decides to undertake a digitalization transformation, they are frequently worried about the cost and the overall effect on their business. Rashid frequently has experience in this area. Rashid has a lot to offer when it comes to helping businesses undergo digital transformations because he has managed numerous projects relating to everything from data monetization through DWH to regulatory compliance to operational cloud programme. He claims that rather than seeing this transition as a necessary expense, businesses should regard it as a “enablement of new future business opportunities and growth.”
Moreover, Rashid shares with us his view on the role IT will and should have in the future of businesses, as well as its influence on the overall societal mindset, behavior and business models. “Digital transformation is not only about introducing new technology, but it is a journey of cultural change in which businesses and IT have to work hand in hand to reduce costs and improve ROI of all digital investments.” Thus, such digital investments, especially those performed through a strategic IT alignment, can clearly return the capital invested in them by both increasing revenue and effectively decreasing costs. Rashid adds that by having a structured and properly defined business model (achieved through the implementation of digitized systems), businesses can “closely monitor the value of existing investments and new opportunities in a rapidly changing world”.
The digital transformation appears to be not only inevitable but also currently under progress. Your company will have a better standing chance in crowded and shifting marketplaces by developing a strategic IT alignment. The fact that your company would be contributing to a larger cultural revolution is even more significant. Or, in Rashid’s words, “pushing change, championing it, and expanding knowledge” would be how you actively set your business or SME apart from the competition.