Opening the Door to The Digital Transformation Process
Is digital transformation a necessary process for disruption and opportunity ? Follow us into the story of this emerging phenomena and up to the trends of 2021 for which we need to prepare.
Talking about the hot topic:
Digital Transformation is a profound and accelerating transformation of business practices, processes, competencies and models in order to take full advantage of the digital technology’s changes and opportunities. But, technology itself is just a single part of the complex puzzle that organisations must complete to remain competitive in a digital world. What matters, is what happens at the core, where only organisations have a say in how it can be handled, within a specific context, and enables them to uncover new ways to create value, consistent with the idea that organisational change is also an emerging phenomena.
Trends that everyone should prepare for in this upcoming year — 2021, a year to consider!
Accelerated investment, switching to Virtual Interaction, increased Use of contactless solutions, Digital Communication Network upgrade, and investment in Cloud Technology — are the top 5 trends of this year, that should give us a peak into digital transformation development and reason to consider it, before we’re late to the show!
Why would your company implement it? Because the future is arriving while some are just running in their hamster wheels.
A 2019 survey that included directors, CEOs, and senior executives has shown that Digital Transformation risk was their #1 concern. But, the market leaders are ahead of their competitors because they chose to design and market new technologies that would fulfil their customers future performance needs.
From high operational efficiency that includes automation, improvement of your business processes, and as well as saving costs, innovativeness, financial performance, firm growth, reputation, and competitive advantage, are some benefits that DT (Digital Transformation) is bringing to you.
These technologies have helped disruptions because of their timely value delivery, usage at larger scales, integration of new applications in new domains, and unpredicted technology combinations.
This new reality creates enormous opportunities for organisational creativity and success, and spreads beyond the company’s borders to impact individuals, industries and society.
If Netflix did it, maybe we should do it too… A pretty big example in the industry, is Netflix, which changed its value proposition through digital technologies, as it was originally based on movie-rental stored on physical media. So why change it, if it is not broke? Because they saw the opportunity, and over the years, Netflix moved away from what they began with, to become the first large-scale provider of movie streaming services. And to more recent news, they have leveraged data collected obtained from the usage of their streaming service to better understand the content their audience is experiencing, as well as how content is consumed to assist with the creation of their own content.
But before you implement it, assess your current state of digital across your organisation
Consider defining your Digital Transformation objectives, outline a DT roadmap, choose the necessary tools/ technologies, choose a partner that is fit for you “CIO as a service” — one that would understand, support, and deliver upon your experience, budget, and the last but not least, empowering your employees.
What companies need to achieve this digital maturity ? Motivation to grow their operations, adaptability to constant innovation in order to offer state of the art products, services, and have reliable processes. Because there is no reason to hide the fact that there is a number of human beings still resistant to digital change when it happens in the environment they have grown comfortable with.
It is just a planned “digital-shock”, by asking yourself this simple question: Is my company able to make its existing processes integrate with new technologies? If yes, let’s talk about it. If no? Let’s talk about it!
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