Most organizations realize that the digital age is here and they need to adapt or disappear.
The problem is that the path for a digital transformation is not always clear. However, analysts believe there are certain stages that need to be completed before any digital transformation is really in place and secure.
The planning stage may be the most critical to pull off a successful digital transformation. Before a digital transformation begins, organizations need to evaluate their strengths and weaknesses to identify opportunities. There’s also a need to identify market and industry trends to understand how they impact a digital transformation efforts and prepare accordingly.
For businesses, this planning stage of a digital transformation also should include and evaluation of how digital impacts customers. Analyze how digital transformation provides a unique customer experience in the light of their rapidly changing behavior.
The second stage of a digital transformation, implementation, normally gets kicked off after organizations map out a path and develop a strategy based on the destination they have in mind.
Pilot projects follow. Identify predictable, repeatable processes that you can automate. Simultaneously, it’s crucial that everyone in the company is on the same page with a digital transformation. This requires clear communication of potential impact with stakeholders and employees.
The third state of a digital transformation is generally referred to as acceleration. This involves a multitude of factors, such as:
- Solving problems
- Modernizing legacy tools and equipment
- Preparing staff and addressing issues that arise
Tracking the digital transformation is the last stage. Organizations can measure success by checking employee productivity and how customers relate to an organizations new digital technology.
Ultimate, digital ROI, is the final box to check off. For every new component you add to your digital technology suite, you should know how much ROI it brings to your business.
Want to learn more? Tonex offers Digital Transformation Mini MBA, a 5-day program where participants will learn about modernization, innovation, enterprise transformation, and modifications in enterprise procedures that cause disruptive innovation and operations related to new enterprise models.
Digital Transformation Mini MBA is an intensive education program that covers 5G, Industry 4.0, AI/ML, VR/AR/MR, IoT, Cloud, Blockchain, Cybersecurity and other IT-enabled modifications impacting enterprise operations and environments.
Tonex also offers several more Mini-MBA programs:
For more information, questions, comments, contact us.