BTS.id
digital transformation

What to Prepare in Implementing Digital Transformation

From time to time, businesses deal with constant changes. This makes a good reason to be versatile and adaptable, not only to survive the time but also to determine their success. In today’s context, we are talking about digital transformation.

As stated by McKinsey, 20% to 50% economic gains and 20% to 30% increase in client satisfaction are possible to achieve with the help of digital transformation. That is why the it demand is skyrocketing. It is expected to reach USD 3.3 Billion by 2025, according to a report by Research and Markets.

digital transformation

If you are looking to revolutionize the way you run your businesses and handle your operations, You may want to dig it deeper. However, you are probably wondering how to start doing it. Well, digital transformation is like other new technological solutions that come with its pros and cons. Your task is to make sure that you embrace the best practices to be implemented in your business and stay away from the risks. This can only be done if you have the right strategy.

What does a Digital Transformation Strategy mean?
It is a comprehensive roadmap of the approaches you map out to adopt to digitally reform your business smoothly and effortlessly manage any challenges you have to deal with on your journey towards the transformation. These are the importance of having a it in hand:

  • Realigning the whole business model with a sharp focus on Customer Experience.
  • High value and outcome-driven technological initiatives.

By using the right strategy, organizations whose core value is to innovate can effectively implement the complex technology only in an hour. However, building an effective strategy requires accuracy, proficiency, and disruption of traditional ways to operate businesses. Therefore, there are some elements that you must secure while formulating the plan of action. Let’s find out more about it!

Digital Transformation Strategy is More Than About Technology
Yes, we have talked about how promising & vital it is for your company. However, a recent survey shows that 70% of Digital Transformation initiatives do not reach their goals. The question is, why do some strategies succeed and others fail? 

It is not merely about technology. Yes, most digital technologies provide possibilities for efficiency gains and customer intimacy. However, you need to understand that digital transformation requires a whole transformation, organizational included.

Yes, we have talked about how promising & vital Digital Transformation is for your company. However, a recent survey shows that 70% of Digital Transformation initiatives do not reach their goals. The question is, why do some digital transformation strategies succeed and others fail? 

digital transformation

It is not merely about technology. Yes, most digital technologies provide possibilities for efficiency gains and customer intimacy. However, you need to understand that it requires a whole transformation, organizational included. 

It could work for your organization only when the leaders went back to the fundamentals: they are committed to changing the mindset of its members as well as the organizational culture and processes before they decide what digital tools to use and how to use them. This way, what the members think of the future of the organization determines the technology, not the other way around.

The 7 Key Components of Digital Transformation Strategy
Generally, there are seven key components that you need to incorporate in your digital transformation strategy, such as:

  1. Strategy and Leadership
  2. Culture Change and Communication
  3. Process Oriented
  4. Data-Driven
  5. Open for New Technology
  6. Team Structure
  7. Results

digital transformation

Let’s talk more about each component in detail in the next article! Or, read more our previous articles too!

Looking for IT Outsourcing providers that can help you realize digital transformation and bridge the gap to your business? Look no further! Contact us!

Top 3 Technology Trends to Watch in 2022

From time to time, businesses deal with constant changes. This makes a good reason to be versatile and adaptable, not only to survive the time but also to determine their success. In today’s context, we are talking about digital transformation. As stated by McKinsey, 20% to 50% economic gains and 20% to 30% increase in …

7 Key Components of Digital Transformation Strategy

From time to time, businesses deal with constant changes. This makes a good reason to be versatile and adaptable, not only to survive the time but also to determine their success. In today’s context, we are talking about digital transformation. As stated by McKinsey, 20% to 50% economic gains and 20% to 30% increase in …