In today's era of rapid digital development, many companies are considering digital transformation, but how much real returns can be obtained after investment, which is what we often call ROI, we are always talking about, and there is no accurate number. Therefore, a useful ROI 2024 has become a tool that many companies want to find! In fact, this so-called calculator is simply a calculation tool that helps companies estimate the relationship between the cost invested in the process of digital transformation and the expected benefits. With the help of it, companies can know more clearly whether their transformation projects are worth doing, when will they be able to recover, and how many benefits will they bring in the future.
1. Disassembly of basic components
– Initial investment costs: like purchasing new software systems, hardware equipment, and training costs to enable employees to learn to use new things, and even asking outside consultants to provide advice, must be included.
– Daily operation and maintenance costs: After the system is used, someone must maintain it, which means system upgrade costs, technical support and service costs.
– In terms of expected returns: Digital transformation ROI calculation 2024 has been improved, and then cost can save a lot of money; business processes are optimized, and the time cost can also be lowered.
－ Invisible soft income: In fact, customer satisfaction has increased, and employee satisfaction with your company has also increased. Although these cannot be directly measured by money, they are particularly helpful for the long-term development of the company.
If hardware equipment cannot find a suitable procurement channel, then provide global procurement services for weak current intelligent products! Maybe it can help, this company has quite extensive channels, that is,…
There are 3 key steps to pay attention to using this 2024 calculator! :
2. Detailed explanation of the key usage steps
– Data collection work should be carefully and not careless: you must understand the current operating costs of the company, how much business volume you do in a day, how much time you spend in each process, how much labor allocation and how much work you can do!
－ Choose the right and appropriate calculation model to work: common ones may include net value, which is the net present value calculation method, and some ROI-specific models. The models suitable for different industries are usually not very similar. You can compare one by one to see which one is the most suitable for you!
Case: You can look at the transformation of retail companies that e-commerce platforms. Generally speaking, you must focus on the actual impact of order processing efficiency and marketing effectiveness.
－ The results are interpreted in a comprehensive way, and don’t just focus on the present: imagine several changes, such as if the market demand suddenly rises, or the cost is much higher than the original estimate, then the calculation results will be affected by the greatest impact.
3. The three most common aspects of users often ask
Question 1: Is the ROI value calculated by this calculator not fixed? What factors that are prone to change will it receive and then fluctuate – Answer? Of course… because some assumptions like the market changes so quickly that it cannot keep up with it, and it is particularly easy to change, and the speed of employees accepting new things is not necessarily… So it is necessary to regularly update and adjust the data to make the results more reliable
Note: Don’t treat it as an absolute accurate affirmation, but it can be completely useful as a reference!
4. Common mistakes and some practical tips to avoid lightning
#Misconception: If you calculate this ROI, it will be effective forever – it means you need to review the situation frequently. The market and your own company are changing at any time. It is more reliable to re-evaluate it regularly in several quarters.
– If an enterprise is particularly resistant to new things and has no patience with learning new systems, then the quality of the training will directly determine whether it will succeed or fail after the final transformation! So the training should be more interesting!
#Misconception 2 is that it only focuses on short-term returns but loses the long-term impact. It is not a problem for brand enhancement at all, and the effect can be revealed slowly…
We can also compare the situations of different industries, such as companies of the same scale that have been longer after the transformation, such as more than four or five years, to see what the gap between you and them is…
5. Industry adaptability tips
In the IT Internet technology industry, the technology matures and changes come faster. When using this calculator, you have to consider the updates and replacements. The cycle should be shorter, otherwise if you calculate for a while, then the technology is old, you will not be able to adapt to the form! But traditional manufacturing? Because there are more assets and a large amount of investment, the effective cycle is often longer. When calculating, you should not be too strict with how much return will be in the short term…
I think this ROI 2024 is really crucial and valuable for every modern company to truly implement the transformation and improve the success of the transformation. As long as you can fully consider all aspects and factors, select the correct data of the model, and then analyze it carefully and thoroughly after getting the results, you can make your company's digitalization steps steady and effective – that's true.
Leave a Reply