The Era of Digital Transformation

By Jyoti Nigania |Email | Jun 22, 2018 | 5667 Views

Businesses across all the sectors are leveraging digital transformation efforts. To keep pace with modern business, companies must continually position themselves in the best possible way to embrace new growth and adapt quickly to evolving market pressures. 

Following are the truth for digital transformation:
Digital impacts a company's efficiency, productivity and employee engagement: Digital transformation is about identifying new areas of potential growth and work with those opportunities. Customers now expect 24x7 availability, thus businesses are leveraging the chatbots into their operation so that they can help customers at any point of time. Businesses must see many improvements within internal operations and overall employee productivity. All these efforts lead to company's efficiency, productivity and employee engagement. 

Business and IT alignment leads to the success of digital transformation: Some business leaders attempt to usher in digital transformation without their IT department, but this is not an effective approach. For any business success, alignment is essential for digital transformation. Long-term goal is a key to achieving short-term success. The IT teams have the best view of technical solutions. Greater the alignment, the more powerful will be the transformation. 

A holistic strategy is crucial to digital transformation and driving overall performance: Most of the people think that digitizing few areas of the business will eventually transform the whole business. They are taking a 360-degree view of digital transformation as a key to success. The goals are set to increase agility, accelerate growth, or empower employees, by having an expert view and recognizing areas of weakness and opportunities for advancement. 
So a third-party expert can help in drafting a roadmap for the entire transformation process and offer a good solution. It is often more effective to have an unbiased perspective when planning for the future of your digital solutions. Leveraging a third- party consultant allows everyone to take a step back and look at the bigger picture. As with any holistic business change it is best to start with the end in mind and work back from there. 

Opportunities exist in all industries for digital transformation: There is a common insight that digital transformation is most impactful for technology for all companies and in every sector of the economy. Since digitalization is now the most important pillar for every industry, success for the future means embracing innovation. Digital transformation helps organizations evolve holistically since it provides a structure for recognizing solutions best suited for each company's unique growth and a process for execution.

Change within digital transformation is best done from the bottom up:
This is a lie about digital transformation. 
It is very easy to step into the revolving door of technology; it solves all the problems only if we have the right hardware. But having a faster server or more storage by itself cannot "muscle" through digital challenges. It is true that IT departments have a unique view of what technologies are emerging in the marketplace that could benefit the business. But executives should be prepared for the change especially with digital transformation. The partnership between the business and IT must be one of mutual respect and shared goals. Executive leadership must set realistic expectations and clearly measurable goals to up front and assure that everyone is contributing to transformation and believes in digital vision. 

Conclusion: When this is implemented correctly then digital transformation can allow organizational excellence with new innovative solutions, reduce operating costs, and streamline service delivery. away from being a cost center to business. To keep pace with modern business, companies must continually position themselves in the best possible way to embrace new growth and adapt quickly to evolving market pressures. 

Source: HOB