Transformation

No matter how excellent a business model is, if the speed, quality, and cost of actual operations are low, it will be difficult to establish a competitive advantage. In extreme terms, we may be entering an era in which operations are the source of competitive advantage. This is because it is difficult to differentiate products and services in this day and age. Now that technology has evolved and matured further, operational transformation (OX) is gaining attention again among various transformations.

Our Essential

OX is a radical business process re-engineering (BPR) that uses advanced technology. Technology BPR requires "an eye for discerning technology," "the ability to control technology," and "muddy change management." The discerning eye is the capabilities of the research institute Baycurrent Institute, the power of Baycurrent technology is the power of the Institute, and the muddiness is the Baycurrent and the consulting continues to hone the capabilities. These three parties will break through the barriers of change as One Baycurrent. For employees who are accustomed to the current way of doing things, changing them can be psychologically resistant. We will make full use of the essentials that we know because we have pursued OX, and we will achieve transformation.

Featured Cases

Fundamental Overhaul of Business Processes Using Digital Technology

By leveraging digital technologies like AI and process mining, we have undertaken a comprehensive end-to-end reform of our business processes. This reform not only covers non-core functions such as accounting and HR but also includes core areas like marketing and creative production, thereby enhancing client's competitive advantage. As a result, have achieved speeds and quality levels that exceed those of competitors in core business areas. In non-core functions as well, have achieved efficiency improvements that far surpass the cost benefits of BPO, leading to the reintegration of operations in-house.

Simplification of Products and Business Processes

The goal is to overcome the complexity in business processes caused by the accumulation of products and special agreements over many years. In the B2C sector, we has adopted a bold approach by designing simple products, streamlined business processes, and supporting information systems from scratch, and then guiding and transitioning customers to these new systems. After modeling the transition impacts, we quantified the potential financial effects and facilitated consensus-building for the transition. The adopted transformation program is currently being implemented, with a focus on business processes and information systems.

Fundamental Reform of Revenue Structure

In the context of the green transformation trend, we were revising the revenue structure of our existing energy business to allocate cash to new energy ventures. We were reassessing the earnings structure across the entire business and promoting cost structure reforms without preserving any sacred cows. On a B/S basis, reviewing assets with poor efficiency, and on a P/L basis, identifying wasteful business expenses. By addressing both B/S and P/L aspects, transforming into a lean business structure that can generate cash stably and efficiently without compromising the value the company provided to customers.

Cases

Establishment of a Group-Wide Digital Transformation Organization and Optimal Allocation of Resources

We organized the job types and skill maps for digital talent required to drive DX at each business unit. Subsequently, we consolidated the scattered digital and IT talent from each business division into the holding company and allocated them optimally.

Launch of Recurring Business

We categorized recurring business models and mapped all of the client's businesses. Examined the applicability of digital transformation.

Formulating a Roadmap for Realizing Smart Factories

We formulated a vision and roadmap for the smart factory of the future. This involved conducting technology trend research and estimating the effects of using AI, IoT, and other technologies.

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