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Business innovations driven by digital advancements

More and more companies are focusing on digital innovations to create intellectual property by leveraging next-generation technologies such as IoT, artificial intelligence, big data analytics, and blockchain. They realize that they need to embrace tech intensity to be successful. At the same time, the lines between and within industries are blurring—as companies turn to digital advancements and data insights to level the economic playing field and reduce competitive barriers. Corporate cultures are also shifting, making it paramount for organizations to keep up with modern application trends.

A Collaborative and strategic approach streamlines technology upgrades

To help our customers capitalize on these digital advancement opportunities, the Velosio Digital NEXT Roadmap streamlines technology upgrades to drive business-process optimizations. Our structured and strategic advisory solution takes a proactive approach to deliver a deeper and more detailed discovery cycle—with expert guidance to envision and achieve required technological enhancements. Receive a detailed solution roadmap with planned phases for deployments and innovations, along with a foundation for utilizing best-in-class technologies and improving business-related outcomes:

  • Better efficiency through workforce enablement
  • Increased productivity, flexibility, and operational agility
  • Improved customer experiences
  • Expanded competitive advantages
  • Higher level of digital asset security
  • Reduced operating costs
  • Impactful and insightful data analytics and intelligence

 


 

Velosio IDEATE Framework

INSPIRE

Inspire: Discovery Phase

  • Introductions/defining set of objectives & strategy
  • Scoping activities
  • Shaping goals of the initiative(s)
  • Defining key stakeholders
  • Data gathering & deep-dive into processes and data
DESIGN

Design: Planning Phase

  • Mutually finalize the scope
  • Strategic Value Map
  • Present additional use cases Business Value Assessment
  • Cost/Benefit Analysis
EMPOWER

Empower: Execution Phase

  • Solution assessments
  • Organize touch-base cadences
  • Select path forward
  • Develop phased project plan
ACHIEVE

Achieve: Development Phase

  • Development of solutions
  • Demo environments
  • Testing
TRANSITION

Transition

  • Change Management
  • Adoption
  • Go-live
  • Monitor
EXPERIENCE

Experience

  • Optimize
  • Augment
  • Ongoing Support
    • Technical
    • Functional
    • Strategic
  • Innovate to the Next Phase

Envisioning Workshops & Documentation

  • The Discovery stage is intended to create scenarios that serve as the blueprint for the next steps in the process.
  • Envisioning Workshop facilitators will use design thinking concepts to help business decision makers establish the primary goal for the project using an approach that encourages them to think beyond simply making existing processes more efficient.
  • Align the project to overarching business strategies & goals
  • Clear identification of key stakeholders
  • Comprehensive & insightful discovery sessions
  • Define additional use-cases
  • Understand the objectives, business challenges, and opportunities for improvement
  • Prioritization of initiatives for Digital Transformation
  • Agreement on top initiatives to pursue
  • Clear visualization of the North Star Vision
  • Plan with agreed-upon next steps toward a comprehensive Business Value Assessment

Woman writing on sticky notes next to her coworkers
Team members pointing to sticky notes in a whiteboard during a business meeting

Business Value Assessment

  • Business Value Assessment workshop facilitators will use value selling concepts to help the Business Decision Makers establish the primary goal for the project, using an approach that expands on the use cases documented in the Discovery stage.
  • Document primary goals and a high-level roadmap to achieve said goals
  • Engage with key business stakeholders to agree on business outcomes
  • Align solutions to challenges & business outcomes/goals.
  • Identify the key improvement metrics (KPIs) and then quantify the same by capturing baseline numbers and potential improvement levers.
  • Identify ROI
  • Create a business case for change with a cost/benefit analysis that is captured clearly and documented as an executive readout.
  • Clearly identified list of Metrics around Revenue, Cost or Productivity areas
  • Investment Analysis – summary of annual benefits
  • Based on the value discovery, the number of users using the tool will be used to build the cost structure.
  • Clear Year-Year cost flow based on the identified license
  • Fit/Gap Analysis
  • Map business improvements to solution capabilities
  • Agreement on financial improvement levers per solution offering

Phased Solution Assessment

  • This roadmap documents a phased deployment approach of future-state implementations of technologies, services, and process reengineering
  • Create a solution demo, vision story board and digital transformation journey that aligns to immediate requirements & business goals
  • Brief solution demos
  • Compare current state to future state
  • Documented future state, that is tied to business goals, strategy, tactics & enablers, KPIs, Estimated ROI
  • Assess risks and identify mitigations

Group of coworkers around a dry erase board with sticky notes pre-planning
Man writing on a whiteboard

Master Project Plan

  • Develop benefits-driven master project plan & timeline, incorporating multiple deployments and innovations, cross-functionally
  • Documented change management schedule
  • Tactics to drive user adoption
  • Showcase progress on phased solution environments
  • Conduct demo sessions as increments are completed
  • Collaborate on strategic advisory recommendations & optimization opportunities
  • Align plan with stakeholders

7 Steps to Drive Digital Success

  1. Align on the Why—define the business value of digital transformation
  2. Start Small & Strategic—jump-start digital transformation with an impactful measurable initiative
  3. Seek Partners & Expertise—do more and do it faster with partners that share your vision
  4. Scale & Transform—embrace new ways to improve
  5. Prepare for Culture Change—put humans at the heart of digital transformation
  6. Map the Technology—choose tech solutions that scale with your long-term strategy
  7. Gather Feedback & Refine—stay flexible, learn from experience, and adjust accordingly

 

Velosio Viewpoint LIVE – The Digital Next Roadmap


A Fundamental Change in Providing Value to Your Customers

Digital Transformations powered by the Velosio Digital NEXT Roadmap integrate all areas of your business in a way that results in fundamental changes, regarding how you operate and provide value to customers. It’s a long-term process that often requires significant investment and change management. In practice, a digital transformation strategy is an ongoing commitment to improving the customer experience by bringing all aspects of your business into a centralized digital realm.

While the process will be different for every organization, there are plenty of shared goals, no matter the industry. Whether this transformation is impacting internal operations or customer-facing divisions, all parts of the organization are involved in the transformation, which must happen sooner or later, if you’re going to remain competitive in the vastly changing environment that we live in today. After all, the customer experience is on the line.

The Benefits of Collaborating with Velosio

With Velosio providing digital transformation advisory support, we serve as an extension of your organization and strive to become a strategic member of your team. By collaborating with Velosio to generate your Digital NEXT Roadmap, you gain a clear view into what it takes to modernize your digital landscape. Your business also benefits from better long-term forecasting of your technology, employee, and customer needs and the ability to measure the projected benefits. With a phased delivery of new implementations, your end-users will be able to more effectively consume the new technologies you deploy, in a cost effective & structured manner.


Get In Touch With Our Digital Transformation Experts


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