Digital disruption is everywhere, but are you ready for it? We know digital transformation can be daunting. Do you have the right technologies and processes in place to move your business forward?
We’ve compiled this comprehensive checklist of tips and advice from digital transformation experts so that you can be confident that you’ll be ready for whatever the future holds.
Imagine you’re a CEO of a major company. You have a vision of what you want your company to be like, but when you look around at your organization, it’s not quite there yet.
Maybe you have great ideas for the next big thing, but your development team is bogged down with maintaining the existing product line and fixing bugs while they try to put out new features. Or perhaps time-to-market is too slow and taking away from your ability to be first to market with new ideas.
When this happens, it’s time for digital transformation — a complete overhaul of your technology and processes that will bring everything in alignment.
But how do you know when it’s time? Here are just a few signs that digital transformation is overdue:
Digital transformation has the potential to change almost every aspect of your business. But what exactly is it?
You might be wondering why more and more companies are investing in digital transformation.
Digital transformation means taking a business that may have been around for decades and making it current with today’s technology. Some of the key benefits include:
Better customer experience
Faster time to market
1. Identify the problem.
Digital transformation is a broad, ambiguous concept that can mean different things to different people. To truly understand your company’s purpose for pursuing digital transformation, take a step back and determine what problem you’re trying to solve. Is your company digitally mature? Are you trying to solve business process inefficiencies? What are your competitors doing and how can you stay ahead of the game? By defining the problem, you can get the right people on board to help create a solution.
2. Have a vision and communicate it.
With an understanding of the problem, it’s time to create a vision for how your company can improve by becoming more digitally mature. It’s important to define goals and KPIs so you can measure your success along the way and make adjustments as necessary. Once you have the vision, communicate it with stakeholders so they have a clear understanding of where you want to go and why.
3. Create a plan for implementing change.
In some cases, digital transformation might require bringing in new technology or processes that will challenge current ways of working (or even replace them). In other cases, technology that already exists may need to be incorporated into existing processes in order for them to remain