The key technological transformation for business growth in 2024

The beginning of 2024 marks a decisive moment in the business world, especially in the financial industry, where technological transformation is seen as a fundamental necessity for growth and adaptation in an increasingly digitalized world.

According to a global study published by Dell Technologies, the “Digital Transformation Index,” 87% of companies in Mexico have already initiated digital transformation programs in 2020, and 88% have reinvented their business models. These data demonstrate that digital evolution is essential for companies in the country, and this trend will continue in the present year.

Faced with the challenges presented by both the national and global environment, uFlow, a company specializing in technology applied to the financial industry, has compiled some recommendations to facilitate adaptation and successful navigation in this environment of change.

Detailed Diagnosis

Before initiating any technological initiative, conduct a thorough analysis of the current capabilities, processes, and systems of the company. This will provide a clear view of the areas that require improvement and help establish realistic goals.

Definition of Clear Objectives

Establish specific and measurable goals for the transformation. Whether seeking to improve operational efficiency, expand digital presence, or strengthen the customer experience, clarifying objectives will guide the process and facilitate the measurement of progress.

Culture of Innovation

Foster a corporate culture that values innovation and adaptability. Encourage the team to propose new ideas and embrace change. Technological transformation involves not only systems but also the organization’s mentality.

Strategic Partnerships

Explore partnerships with reliable technology providers. Collaborating with experts can facilitate implementation and provide access to innovative solutions that could drive company growth.

Incorporation of Cloud, Web, and NoCode Technologies

Technological transformation is paramount in this year. Having cloud technologies allows for saving physical and economic resources, as if the number of operations grows from one month to the next, there is no need for investment in servers. It can adapt according to daily needs and is backed by the service provider’s cybersecurity.

Information Security

Reinforce cybersecurity measures. Technological transformation often involves increased handling of data. Protecting sensitive information is crucial for maintaining customer trust and avoiding security risks.

Santiago Etchegoyen, CTO and co-founder of uFlow, stated: “To continue operating in the market, it is necessary to stay at the forefront. We know that there are many steps and details to consider; however, these points will serve as a guide for all those companies seeking to standardize processes and take the next step to the next level.”

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