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Strategy

Vikheda: The DMV's Leading Strategy Firm

In today’s era, every business is a technology firm. Without digital technology, firms get left behind. We are seeing more and more firms focusing on digital transformation for greater efficiency, business agility and unlocking new values for employees, customers and citizens.

 

With an ever changing landscape of technologies and innovations that firms can tap into, each business's digital transformation will be unique. The paths that firms take depend on various factors. Startups may have  the luxury of building a set of technology platforms from  ground up without having to deal with integration of legacy systems or redesigning the legacy systems. Mature organizations, businesses and  large enterprises especially in the regulated industries have a more convoluted path for digital transformation.  They have to consider both digitization and digitalization aspects. 

 

Digitization is  the process of translating analog information (paper based records)  and data into digital form. We see various federal agencies scanning paper based  information into electronic information; examples include scanning and storing tax return forms into digital formats, scanning medical claims records into electronic formats etc. 

 

Digitalization is the use of digital technologies to change business processes. Since COVID 19 many businesses and public service entities have undertaken digitalization initiatives to reinvent the way they do business with customers and citizens and provide a next-generation state-of-the art workplace that enables a seamless experience for their employees that work remotely, in-office or in a hybrid environment.

 

These digital transformations require an open mindset and includes evaluating existing processes, and a more collaborative, experimental approach. 

 

Vikheda has been involved in several digital transformation initiatives and has worked on various aspects of the digitalization processes such as:

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  • Determining current technology challenges and future needs of the business and workforce

  • Identifying relevant industry trends

  • Developing a roadmap of recommended solutions to meet current and future needs that to define the strategic blueprint

  • Building Proofs of Concept to introduce the new strategic solutions

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