Digital Transformation – Five actions to increase your sucess

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Digital transformation

Digital Transformation – Five actions to increase your sucess

Digital Transformation – Five actions to increase your success

 

Digital transformation within an organization is no simple undertaking. Many times an organization have an absence of instructions and focus too much on the technology. They can tend to Ignore human and cultural components that eventually ensure the success of the transformation.

 

So how do you increase your chances of digital transformation success?

 

Five actions to increase your possibilities of digital transformation success

 

1) Set a clear vision
2) Determine your digital maturity
3) Think global, act local
4) Define and determine what success looks like
5) Commit to continuous improvement

 

1) Set a clear vision

Be clear about why you are starting this change. Articulate what the future will resemble so that your stakeholders can picture how the ‘nirvana state’ will appear. Stakeholders require to understand how it will positively affect them to acquire their early buy-in.

 

Benefits of a Data-Driven Culture

 

2) Determine your digital maturity

Any organization seeking to transform its operations first needs to carry out a sincere assessment regarding where they presently stand compared to their vision. Then, assess the obstacles in your path and create a plan that will enable you to make your next steps and reach your goals.

 

3) Think global, act local

 

Establish a roadmap with the core activity and dependencies laid out. Develop a list of actionable deliverables. Think about these as ‘foundational elements’ that provide value in themselves, but, in time, as you include more elements, you should be able to start to see your comprehensive digital transformation vision take shape.

 

4) Define and determine what success looks like

When specifying your methods, ensure that your organization can reach an agreement regarding what success looks like at the beginning, and more importantly, how you will measure it. Make sure you have selected the right analytics tools in place to track and measure your transformational progress.

 

5) Commit to continuous improvement

Determining success through the application of each ‘foundational element’ is an opportunity to adjust and learn. Building constant enhancement into your design enables a business to adapt to real-time feedback.

Digital transformation within an organization is no simple venture. Many times an organization have an absence of direction and focus too much on technology overlooking Cultural and human components.  If you want to increase your chances of succeeding in transforming your organization digitally focus on the top 5 elements.

Opportunities and challenges of Digital Transformation (Wikipedia)

 

Digital transformation is a major challenge and opportunity. When planning for digital transformation, organizations must factor the cultural changes they’ll confront as workers and organizational leaders adjust to adopting and relying on unfamiliar technologies. Digital transformation has created unique marketplace challenges and opportunities, as organizations must contend with nimble competitors who take advantage of the low barrier to entry that technology provides.  Additionally, due to the high importance given today to technology and the widespread use of it, the implications of digitization for revenues, profits, and opportunities have dramatic upside potential. We can understand digital transformation through real-world examples.

 

One of the examples of digital transformation is cloud computing. It reduces reliance on user-owned hardware and increases reliance on subscription-based cloud services. Some of these digital solutions enhance capabilities of traditional software products (e.g. Microsoft Office compared to Office 365) whilst others are entirely cloud-based (e.g. Google Docs).

 

One aspect of digital transformation is the concept of ‘going paperless’ or reaching a ‘digital business maturity’ affecting both individual businesses and whole segments of society, such as government, mass communications, art, medicine, and science.

 

Digital transformation is already underway but is not proceeding at the same pace everywhere. According to the McKinsey Global Institute‘s 2016 Industry Digitization Index, Europe is currently operating at 12% of its digital potential, while the United States is operating at 18%. Within Europe, Germany operates at 10% of its digital potential, while the United Kingdom is almost on par with the United States at 17%.

 

digital transformation

JoeFlynn

jflynn10@gmail.com

Joe Flynn is a Silicon Valley Entrepreneur who created Lavante, Inc. Lavante was started with the vision using Machine Learning, Natural Language Processing and advanced Data Extraction techniques to transform the traditionally manual-based Account Payable Recovery industry. Lavante Was acquired by PRGX Inc. in November 2017. Joe is currently working on a new venture using Artificial Intelligence and Machine learning to transform trade partner communications across the entire supply chain.

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