eQuorum Shares Insights on Digitization
The Imaging Channel features, Scott Brandt, President and CEO of eQuorum. eQuorum shares insights on digitization and how digitization has different meanings for different people.
The digital transformation is on and it is affecting everyone. For some industries, it has created total disruption (can you say Blockbuster and Kodak?) For others it has been an irritant. But it is gaining momentum. Yet a McKinsey study showed that, on average, industries are currently less than 40 percent digitized. As the digital wave is at least a decade or more old, this is somewhat surprising. Some industries, like automotive, are less than 32 percent digitized. Trying to put percentages on this transition, however, is difficult and made harder in terms of how we define digitization and what areas of a company we are focusing on.
The digital transformation is affecting how we make our products and offer our services, how we market and distribute our products and services, the ecosystems within our organizations, and the processes used throughout the organization and its interfaces as well as the supply chains.
Though there has been a lot of change in how we handle and transmit information such as paper and digital files, the most disruptive aspects of this change are actually embodied in the processes and supply chains integral to all companies. This digital movement is increasing economic pressure on all companies, no matter where they are on the performance curve.
Offering integrated solutions — scanners and printers along with the digital file management systems — only makes sense from the customer’s perspective as they see easier and faster implementation and greater holistic ROI for their paper-based workflows. Rather than segmenting the various elements of paper-based processes, create an image of an integrated, efficient system that flows data from input through to analysis and output and gives users a greater sense of how contemporary, paper-based processes should work.