The Canada Digital Adoption Program (CDAP) is offering $4 billion in total funding to help small to medium-sized businesses embrace digital transformation. Through the Boost Your Business Technology grant, successful applicants can access up to $15,000 to retain an MBA Digital advisor and offset the costs of planning their transformation journey.
Highly specialized in digital adoption strategies, Choice OMG can provide you with a practical plan that will position you to be more flexible, scalable, and ready for growth.
Please don't hesitate to contact us regardless of where you are at in the process.
Steps to get $15K grant for your business:
- Confirm you meet the eligibility criteria
- Complete the initial application for the grant.
- A digital advisor will be assigned to you. (Contact Choice OMG or schedule a meeting)
- We will help you to interpret your CDAP Digital Needs Assessment
- Your digital advisor will work with you to research and complete the plan and make meaningful recommendations
- With your CDAP plan completed, you will also have the opportunity to secure a 0% interest loan from the Business Development Bank of Canada (BDC) to facilitate the acquisition of new technology. In addition, applicants can leverage the help of talented post-secondary students and recent graduates through subsidized work placements.
Choice Online Marketing Group Inc. is an authorized provider for the DAP program with two qualified Digital Advisor BCom MBAs. Contact us to learn how you can make the most from this program for your business in 2022.
On the economic heels of COVID-19, businesses are managing a lot of uncertainty. Supply chain problems, the great resignation, climbing inflation, and the war in Ukraine are all impacting. Subsidies and tariffs are rising, and businesses everywhere need new competitive advantages.
What is a DAP?
A digital adoption plan (DAP) is a prescriptive report that guides you in digital marketing, e-commerce, and digital investment to generate business and improve productivity. The plan can be used to attract investment and secure federal funding. More than just a product created for you by a management consultant, your DAP should be assessed by its effectiveness in helping you meet your goals.
As with any plan, you want to consider your current situation and the next steps. In a DAP, you'll assess your current operations and the steps required to achieve your goals. To get the most value from your DAP, consider the following must-have information.
Did you cover databases?
You need databases. Everything from accounting transactions to customer support requests exists in a database. Ensure your database can be communicated throughout your organization in terms that are easily understood, and have your managers conduct regular reviews of the systems and what they are doing.
Employees need accounts, passwords, paycheques, and ways to collaborate. Sales personnel need customer relationship management (CRM) tools, and multi-location operations need enterprise resource systems (ERPs) to manage capital assets. Every aspect of each of these systems relies on a database.
As managers improve their understanding of data and its role in the organization, security awareness improves, redundant operations are eliminated, and the data you already have works better for you.
Reports, dashboards, and analytical tools
Along with databases, you need feedback. This can take the form of analytics, real-time reports, or alert systems. Feedback from any sensor in any situation is practically measurable. IoT technologies are convenient for limitless tasks, from controlling lights to adjusting thermostats and even tracking grocery orders.
Feedback systems contribute valuable information to the decision-making process. The more information you have, the more likely you are to discover areas for automation. Efficiency is a robust competitive advantage in critical business operations.
Geographical distance and cloud-based processing have diversified how businesses collect feedback. Understanding how your business is digitally interconnected is crucial to any DAP.
Keep looking ahead toward foundation models and predictive tools built by algorithms and data in machine learning. Historically, auto-correct and suggestive technologies remained in the word processor. Still, as more and more data is amassed, governments, big businesses, and companies like yours are watching this space looking to jump at the first opportunity to turn the tides in their favour.
Strategically position your firm to exploit opportunities and mitigate risk. Diversify your organization with people from across the spectrum, but give them the best tools to innovate. Stop tying up your employees in meetings. Provide knowledge and understanding, and challenge your people.
With all the uncertainty businesses face, a sound digital adoption plan and the resultant posturing toward digital technologies will best prepare Canada for the next game-changing event.
If you are intrigued or would like to continue the discussion further, please feel free to leave a comment below.