Businesses, particularly in theretail, manufacturing and FinTech spaces in the Nordic countries, are facing great opportunities to grow as demand for the quality of services and products typical of that region increase both locally and internationally. However, growth should be considered in line with your transformation strategy.
With business transformation comes the possibility to scale business operations to entirely new levels. The opportunity to expand, mitigate costs and interact with international players for investment depends on how businesses approach technology and innovation. In a region which is recognised for its elaborate digital infrastructure, strong economic status and high-quality services and products, technology transformation is essential to remaining competitive in the global market.
What is possible through transformation?
When mapping out their transformation requirements and end-goals, most successful businesses consider not only their competitive footing, but their short- and long-term growth potential. If executed successfully, transformation opens doors for businesses to realise ambitions which were out of reach due to cost inefficiencies or logistics.
Partnerships with leading technology solutions providers who understand and recognise the needs and culture of your business can ensure your transformation undertaking can reimagine your company’s operational capacity and actualise many strategic visions.
This is goes beyond improving the efficiency of processes to cut short-term costs and encompasses using technology to realise completely new possibilities, like reaching new markets, creating new products, or bringing services to market much more quickly and efficiently. You can even attract the attention of major players in your industry for mutually beneficial mergers and acquisitions opportunities.
However, to do so you will need:
- An “early adopter” attitude
It is important to be an early adopter when it comes to transformation. Digital innovation moves fast, and there are always new processes to consider if businesses want to sustain growth over long periods. To be ‘behind’ creates the risk of being overtaken by competitors utilising new systems which deliver a more optimum product or service.
Be open to experimentation and out-of-the-box thinking. If an existing system works there is little incentive to innovate until it becomes outdated. Businesses must be willing to try new process to test out the efficiencies which AI and automation has to offer. As many emerging technologies are very new to existing business sensibilities, organisations hesitate to integrate unfamiliar systems and often miss out on the huge growth potential early adopters enjoy.
- Flexible resourcing
Talent is an important consideration as it guides and implements the transformation process. To ensuring businesses have the right people with the necessary specialist skills to deploy effective digital solutions, a flexible approach is necessary. This usually means looking for talent outside of the Nordics to access sector and subject matter specialists who have overseen similar transformation projects before.
- A cyber-security-firs approach
It is important to consider how adopting remote and hybrid working policies usually comes a change in a business’s cyber security needs. Being aware and proactive of these considerations alleviates many risks associated with transformation and upscaling.
How can Stefanini support the transformation and growth of your organisation in the Nordics?
- Global reach and local understanding
“Companies in the Nordic countries need to know they can access the right quality of experts and transformation solutions to keep up with the competitive market and tap into international markets. We have people on the ground here in Stockholm and Gothenburg that understand the market and we can bring in an expert in any field who will have direct sector or industry experience.” – Noel Sheehy, Senior Business Development Manager
Among our pool of 120 people available in our Nordic offices are local teams with specialists able to meet for a fika and discuss your business transformation ambitions. We can provide specialists with an understanding of local markets and your industry, working with your business from a position of partnership.
Our understanding of digital solutions across various industries guarantees you will have all the tools you need to facilitate a strong growth-oriented transformation process. We have been operating in the Nordics for a long time and have a deep understanding of local business culture and economic priorities.
- We co-create with you
We take a personal approach to every engagement, looking at the specifics of your organisation, culture, industry, local and global economic opportunities to create a solution that truly fits your needs. Where other players in this space may try and sell you an off the shelf solution, we co-create to ensure you have exactly the right solution for you.
Digital innovation affects every area of business operations and consumer behaviour. To approach transformation without considering all end-to-end components, risks limiting the long-term growth potential business could potentially gain by future-proofing existing systems.
With taking an end-to-end approach, our digital solutions are made more effective, utilising more advanced systems which take into account your entire SLA needs. This includes areas like cyber security, operational resilience, and other more macro-level business solutions.
- We work towards long-term partnerships
We look at your long-term and short-term needs, adjusting your digital transformation accordingly.
Sustained, long-term growth can only be guaranteed by taking into consideration all aspects of business operations. We aspire to know your company, supply chain, vendors, work force and end-clients to guarantee our solutions sustain growth for the next 5, 10 or 15 years.
Ready to transform your business? Get in touch with Stefanini today
Transforming your business and leveraging the opportunities open to businesses in the Nordic countries means finding a long-term technology solutions partner. At Stefanini, we work with you to cocreate a better future, providing you access to cutting-edge technology solutions designed to give your business an edge over the competition and expand.
Get in touch today to discuss your needs.