As we proceed into 2023, business leaders are gearing up for new Digital Transformation projects in an attempt to become more competitive, more productive and more profitable. At 7T, we’ve identified a few areas where we can expect to see a fair amount of growth in the realm of Digital Transformation.
Regulatory Compliance in Instant Messaging
Regulatory compliance continues to be a major consideration for companies in a variety of different industries and business sectors. We’re seeing more and more regulatory oversight of the most tightly-regulated industries like finance and health care, but also in other areas such as insurance.
2022 saw precedent-setting fines issued to nearly a dozen major banking institutions after they reportedly used unapproved instant messaging apps to communicate with clients. The Securities and Exchange Commission (SEC) levied $1.8 billion in fines to these banks for the use of apps like WhatsApp, iMessage and Signal. These consumer-grade apps lack the auditing and reporting tools necessary to be considered compliant. The SEC also pointed to record keeping violations as another issue with the “unauthorized” messaging apps.
We can expect to see continued scrutiny in 2023 when it comes to regulatory compliance, especially in the financial sector. 7T’s enterprise messaging app for business, SayHey Messenger® offers a solution to companies seeking to deploy a regulatory compliant messaging solution.
SayHey Messenger® allows banks and other companies to communicate in a secure, efficient manner without the risk of fines and penalties. The app allows for full data ownership and control, with real-time reporting and data auditing capabilities for full compliance. By securely storing messaging data in the company’s encrypted cloud environment, the organization maintains full control over retention, backups, encryption level, and security. SayHey Messenger® is available as a mobile app for both iOS and Android as well as a web app that is compatible with all major web browsers for use on a desktop. It can also be fully integrated into existing enterprise software platforms. Learn more at SayHeyMessenger.co.
Business process automation is another area where we can expect to see lots of growth and advancement in 2023. Digital Transformation projects typically focus on improving efficiency and productivity in a way that drives profits and process automation is one of the most effective ways to achieve this. Process automation is also a great option for businesses that are seeking to scale their operations.
There are several industries where we can expect to see lots of business process automation projects, including the following.
- Manufacturers are automating processes in an attempt to reduce production costs and overhead, while streamlining operations and improving overall manufacturing quality.
- Organizations in the health care and medical space are using business process automation technology to improve patient outcomes and increase efficiency. This is especially important due to the added strain that the health care sector has seen as a result of the COVID-19 pandemic.
- Banks and other businesses in the financial sector are leveraging process automation to reduce operational costs and minimize risks in light of increased regulatory oversight.
- Companies in the logistics and supply chain spaces are using process automation to improve their processes, including accuracy, delivery speed and overall efficiency.
- Businesses in the retail and e-commerce spaces are using process automation to overhaul the order fulfillment process, while improving overall customer experience and increasing profits.
7T specializes in business process automation and our team has had tremendous success with Digital Transformation projects involving business process automation. We take a problem and solution approach to these projects, identifying pain points and developing Digital Transformation solutions that serve to address those issues.
The Foundations Program offers rapid prototyping for Digital Transformation solutions, empowering companies with a comprehensive software requirements document and a clear path forward.
The COVID-19 pandemic spurred a massive change in the realm of staffing, leaving many companies struggling to find the perfect person for the job in virtually every business sector.
A Korn Ferry report found that, by 2030, more than 85 million jobs could go unfilled due to a lack of qualified candidates. One solution to this staffing challenge can be found in staff augmentation with 7T’s 7TRAC Resource Accelerator. 7TRAC provides companies with the talent they need to succeed, without the hassles associated with the traditional hiring process.
Digital Transformation for Maximum ROI
At 7T, we specialize in Digital Transformation, using a collaborative development process that engages the client from the discovery phase to deployment. Our many Digital Transformation service offerings include process automation solutions, enterprise software development for ERP and CRM systems (among others), along with SaaS development for web apps and mobile apps, amongst others. We have extensive experience working with cutting-edge technologies and we help our clients to achieve goals such as scaling, improving efficiency, boosting productivity and achieving regulatory compliance.
We’re guided by the approach of “Digital Transformation Driven by Business Strategy.” As such, the 7T development team works with company leaders who are seeking to solve problems and drive ROI through Digital Transformation and innovation. We then provide collaborative, multi-phased and impactful Digital Transformation solutions.
7T has offices in Dallas, Houston and Austin, but our clientele spans the globe. If you’re ready to learn more about Digital Transformation and what we can do for your business, contact 7T today.