Internet and its related digital technologies have drastically changed the business environment of many industries.New business models enabled by digital technologies have disrupted many businesses, regardless of their sizes, from the small brick and mortar retail store to large multi-national corporations.

More than half of the firms on the Fortune 500 list in year 2000 have since been merged, acquired or went bankrupted. These include once well-known brandnames and industry leaders like Eastman Kodak, Compaq, MCI WorldCom, Xerox, Time Warner, RadioShack and Toys ‘R’ Us.

There Is No More “Business As Usual”. Change is the only Constant. No industry is immune. Companies that fail to embrace digital transformation will likely see their business being disrupted.

What exactly is this buzz about "digital transformation"? The term is been abused by various technology vendors each pushing their magic pill digital solutions. 

Digital transformation is not simply adopting the latest CRM, HRM, ERP etc softwares, using automation hardware or switching to use digital marketing alone, but it will need to include a much deeper change in the company leaders’ mindset and company culture.

Digital Transformation encompasses a holistic company-wide transformation from business strategies, product/service innovation, cultural changes, involving from top management to operational levels...

Digital Transformation is the transformation of a company’s competencies, priorities, processes, products, services and business models to fully leverage the opportunities brought about by digital technologies and the fast growing digital economy.

Companies will need to:

• be able leverage new digital technologies such as data analytics, big data, artificial intelligence (AI), Internet-of-things (IOT), blockchain and robotics to keep operations lean and efficient, and to enable data-driven business decision-making;
• build a learning organisation that’s constantly upgrading knowledge and skills so that it can stays current with market demands, harness power of new technologies and methodologies, attract talents and become industry leaders;
• build a culture of innovation, listening closely to and empathise with customers’ needs, constantly experimenting and driving new innovations in business models, products and services; and
• adopt a lean, entrepreneurial management approach that is nimble and able to seize emerging opportunities with fast decision-making.

Askvisor Consulting's founder Khengwah Koh spent 16 years of his international career in the mobile devices industry, where he was closely involved in the many innovations that transformed mobile phones used mainly for calls and text messages in the 1990s to today's smartphones that are enabled to run more than a million different applications. The mobile devices industry has disrupted many industries ranging from FM transistor radio, MP3 player, camera, and watch manufacturers; to photo developing, map and print media companies; to taxi operators, credit card companies and personal computer manufacturers. Several of the 30+ products, that Khengwah led the ideation, development, launch and marketing of, had each generated several hundreds of million dollars revenue for the companies that he worked for.

With his deep experience in user empathy, commercialisation of technologies, new product/service/business model innovations, go-to-market, and business acumen, Khengwah now help small-medium sized businesses with their digital transformation, to sustain and grow their businesses.

Askvisor Consulting applies Design Thinking, Lean Startup, Business Model Innovation, and its Digital Transformation methodologies in helping:

• a 2^nd generation family business adopt Design Thinking approach, transform their business model, opening out new revenue streams;
• a traditional brand modernised their branding through digital branding and harness the power of digital marketing and data analytics to reach out to their target customers effectively, generating sales leads with high marketing ROI;
• a training service provider to transform its face-to-face courseware to blended learning, designing and developing its e-learning courseware by tapping on pool of international talents for production, keeping cost low while producing high quality, engaging e-learning course materials;
• an IT system integrator transforms its business model and innovate its products to serve wider addressable market segments, overseas markets and creates recurring subscription revenue vs its original local customers and projects-based revenue model.

These are just some of our clients that we have supported. If you are keen to find our more how we can also help you with your digital transformation journey, please email us at hello@askvisor.com, or leave us your contact details below: