A Step-by-Step Process to Developing a Digital Transformation Strategy for the Future
7 Nov 2019
www.gatewaydigital.eu
Digital Transformation is an important agenda for most of the organizations. And the upcoming years are crucial in terms of planning a digital transformation strategy and implementing it. Most of the authorities and experts driving these organizations have understood the fact that digital technology is not just driving marginal efficiency but is also a catalyst responsible for disruption and innovation. Nearly 85% of decision makers feel that they do not have enough time to undergo digital transformation and 56% are worried that they might be too late. But most of them are concerned about the implementation part and what is the right way to build a business digital transformation strategy. The 5 crucial steps about strategizing enterprise digital transformation are given below:
1. Have a Clear Vision
Vision is the first and the most crucial step needed to implement digital transformation. It is not just about solving problems with digital innovations but also thinking about what your end objective is. Ask yourself what is it that you are willing to achieve. Take long term goals into account and focus on the strategies you want to be implemented for your employees as well as your customers. Also, you should ensure that your vision adheres to the short-term objectives and you have enough resources to build your strategic vision. Thereafter, identify gaps in your current infrastructure and create roadmaps to optimize it. 2. Conduct Market Analysis The knowhow of market dynamics helps you create an up-to-date digital transformation strategy. Hence, before you go about implementing any transformation, you need to conduct a market profound market research. A yellow cab company based in New York can be a good example of inadequate market research. Uber took over this popular brand as it invested in digital transformation and introduced facilities 2
A Step-by-Step Process to Developing a Digital Transformation Strategy for the Future
WWW.GATEWAYDIGITAL.EU
that serve the modern day customers. Quite clearly, the boundaries between industries are blurring and business owners need to go beyond the horizons of their industry to carve their niche in the market. 3. Get a Clarity About the Person in Charge Almost 43% organizations having a robust digital strategy in place are affected by internal departments competing against each other. This can prove to be the biggest barrier when it comes to digital transformation. Confusions arising out of who does what can be kept at bay when everyone knows and understands their role. Through a collaborative approach, CDO can work along with CIO and accelerate the digital transformation process through technology insights, mix data analytics and unique marketing techniques so that your business can live up to the customer demands. Remember that strong leadership asks for better collaboration and if everybody is aware of their responsibility from the beginning, digital transformation becomes easier. 4. Create an Infrastructure One of the best ways to go for digital transformation is creating your infrastructure and for that, you need to have digitally competent experts around you. Start with aligning your thought leadership through Chief Digital Officers, Chief Information Officer and other specialists so that you can implement the digital transformation strategy in the right way. You can also develop the skills of your team by providing qualification upgraded through training. If you do not have in-house experts, you can hire professionals from agencies that offer employee training. Once you create a new digital structure, it is sure to be helpful in transforming your business processes. 5. Get Ready for Big Changes It is expected that the evolution of technologies like AI, ML, and IoT will have a major impact on businesses globally and the companies that wish to cement their place in the market must craft their operative models around these technologies. Although blockchain is less likely to disrupt any industry, the business owners who are interested in blockchain will continue investing into it. Tech experts will also work around technologies like quantum computing and turn their traditional business models into platforms that can interact with customers directly. By implementing these changes, business leaders will be able to keep a step ahead of their customers. If you want to be one of the leaders in digital transformation, now is the right time. Get in touch with our experts and acquire all the information you want pertaining to business digital transformation. With over two decades of experience, they would leverage your data to the best of your advantage and strategize the digital transformation journey for you.
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A Step-by-Step Process to Developing a Digital Transformation Strategy for the Future
WWW.GATEWAYDIGITAL.EU
Enterprise Solutions for Digital Transformation
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A Step-by-Step Process to Developing a Digital Transformation Strategy for the Future
WWW.GATEWAYDIGITAL.EU