ENTERPRISE DIGITAL TRANSFORMATION
Economic and technological progress have been transforming humanity for decades, but the pace and scale of recent change are unprecedented. Accenture Strategy Global Research shows 82 percent of business leaders expect their organisation to be a digital business in the next 3 years.
Digital trends like social media, mobile computing, analytics and cloud computing (SMAC) are fundamentally changing the way companies operate, and sparking a proliferation of disruptive business models like Netflix, Uber and Airbnb which take advantage of the world’s increased interconnectivity.
More efficient distribution and lower barriers to entry thanks to new technologies are inspiring more individuals, entrepreneurs, and enterprises to experiment with new business models and participate in the digital marketplace.
The pace of digital transformation has resulted in critical skill gaps that businesses are struggling to fill. Success is no longer simply about adopting the newest technologies; instead, modern enterprises must focus on fostering a new type of agile workforce, balancing tech and innovation skills to harness technology in a way that drives competitiveness.
According to the Global Industry 4.0 survey by PWC, 9 in 10 Asia Pacific respondents said they plan to expand their offering of digital products and services over the next 5 years. However, respondents also observed that the absence of digital culture and the right skills are major hurdles to make operations more digital.
SINGAPORE AS DIGITAL ECONOMY
In 2014, Singapore launched the SkillsFuture movement, designed to support the next phase of Singapore’s advancement towards an agile, vibrant and skilled economy. The initiative assembles employers, educators, unions and individuals to develop an integrated system of education, training and career progression for all residents through lifelong learning.
In 2016, the Committee of Future Economy (CFE) was set up with the vision to future-ready the economy where its people have deep skills and are engaged in lifelong learning, its enterprises are innovative and nimble, its city vibrant, connected to the world, and continually renewing itself, and its government coordinated, inclusive and responsive.
In 2016, Singapore launched its RIE2020 plan where it committed S$19 billion from 2016 to 2020 in research, innovation and enterprise to lay the foundation of its future economy to transform Singapore into a Smart Nation.
These innovation-driven initiatives will collectively support Singapore’s economic transformation to become a digital economy with future-ready citizen, city and enterprises.
Total Solution for Enterprise Transformation
priorities & solutions
Competency Learning as a Service
CLaaS® is aligned around a competency-based curriculum to deliver specific skills and competencies required by employers and the industry. Our qualification and modular courses are accredited to various skills and academic frameworks to deliver multidisciplinary applied skills required for future jobs.
Lithan delivers integrated learning and consulting services that support enterprise in their digital transformation journey to support digital engagement, tech-enabled operations, data intelligence, smart infrastructure & secured enterprise.
Singapore’s estimated E-commerce penetration is expected to hit 74.20% in 2020. Customers are now using a myriad of digital channels and devices to interact with companies. This has created new opportunities and challenges on how businesses engage with their customers. Lithan delivers digital marketing training and implements digital best practices to support enterprises in effective digital outreach and engagement with their customers and community.
Future-ready businesses need to deliver a seamless “outside in” customer oriented tech-enabled services by leveraging on digital technology. Lithan support enterprises in adoption and implementation of tech-based applications in financial management, customer relationship management, enterprise resource planning and digital commerce support.
Data is the new lifeblood of the modern business. Companies that can successfully utilize this new breed of intelligence have a critical competitive advantage. Lithan support enterprises in the adoption and implementation of data intelligence tools to make data-driven and evidence-based decisions, leveraging the use of data science, big data and artificial intelligence (AI) technology.
Enhancing physical infrastructure with digital technology holds the potential to meet the mounting challenges from greater customer expectations, tighter budgets and nite resources. Smart infrastructure will allow owners and operators to increase capacity, reliability and resilience. Lithan support enterprises in adoption and implementation of smart infrastructure including cloud computing, Internet of Things and mobile networks.
A report by Retail Week and CISCO revealed that 72% of consumers said they would be unlikely to do business with a company that has experienced a data breach. We aid in the protection of data through the implementation of corporate cybersecurity solutions, information security strategic plan and data protection strategy, using industry best practices to safeguard you and your clients’ data.
Digital transformation is changing the way enterprises build and develop their workforce. We empower your HR with digital recruitment tools, talents acquisition support and workplace learning capabilities to develop an agile and digitally skilled workforce ready for the new economy.
Digital Talents Acquisition
CLaaS@Work delivers continuous learning at work with curriculum contextualization, faculty on demand, and learning technology as a service.
Lithan supports on-the-job training blueprint development to deliver curriculum contextualization for delivering job competencies required for a specific enterprise. It delivers practitioner mentors on demand to facilitate continuous learning and skills utilization at the workplace. With the offering delivered over the cloud, enterprises could subscribe to advance learning technology and analytics to support their learning enterprise on demand.
SMEs Go Digital Guidance
“SMEs Go Digital” was announced at Budget 2017 to help SMEs build stronger digital capabilities such as cybersecurity, data protection, and data analytics.
Industry Transformation Maps (ITMs) will also be developed for 23 industries to address issues within each industry and deepen partnerships between Government, firms, industries, trade associations and chambers to examine the industry landscape, the future trends and needs to set out a suite of initiatives to systematically raise productivity, develop skills, drive innovation, and promote internationalisation.
Regardless of which stage SMEs are at on their digitalisation journey, SMEs will be supported with step-by-step advice on the digital technologies to use through the Industry Digital Plans (IDPs) for SMEs. IMDA’s IDPs provide SMEs with step-by-step advice on the digital technologies to use at each stage of their growth by sectors.
SMEs Go Digital Funding
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Digital revolution has redefined traditional businesses. One needs to innovate and transform to compete with disruptive entrants. The true differentiators are you - the business leaders. In the current technological era, every business leader needs to develop a digital mindset. It will create the conditions and culture essential to enable transformation to take place within your organisation. This is the real challenge!
Digital transformation is not a one-day project. As a leader, you have to come up with a long-term digital strategy by engaging a consulting partner to begin your digital transformation journey now! Take on the role as a game-changer and lead your organisation's transformation. This is where we can help you with Lithan's Digital Transformation Bootcamp!
Get started and join our May 2018 intake today.