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READ MORE >>It is encouraging that many organizations are undergoing a digital transformation. With most of the enterprises already involved in digital transformation initiatives, it can be inferred that they’re not shying away to embrace digital solutions to stay ahead. The thing is, there may be a possibility that your transformation strategy is not approached in the proper way, bringing your company to the edge of a cliff.
Digital transformation is more than just digitizing data, simplifying communications, adopting new technologies, and increasing productivity. Even though you have integrated mentioned factors to create a synergy, digital transformation failure can occur because of a multitude of reasons. Here are five signs your company’s digital transformation efforts need some looking into.
Digital transformation is not about renewing a limited number of process across departments, but about harnessing the digital mindset across your entire business. The IT department should be an integral part of this digital transformation journey. Back-end departments like Operations and IT are by far the leading beneficiaries of digital transformation strategies and combining them with Procurement and Finance will reap the benefits.
Wipro Digital, a digital transformation partner company, stated that 35% of digital transformation efforts fail because of a lack of a clearly-defined strategy. Your enterprise should focus on defining and executing plans from your digital transformation journey. If your strategy to transform is unclear, you are likely to fail in your digital transformation efforts. The transformation doesn’t have to be a complete overhaul of your business processes and technologies; it depends upon your organizations’ goals. As long as you have the ability to define a clear strategy with distinct goals and outcomes, you’re all set.
Studies completed by Cap and Boston Consulting Group found that 77% of more than 800 executives believe that the lack of digital skills is the primary obstacle to their ability to digitally transform. Without digital workforce, success in your digital transformation efforts is hard to get. This is why it is advisable to include digital skills as a key component in your workforce plan, and bring innovative solutions to bridge the digital skills gap.
Surprisingly, the primary reason for not investing in new technology is attitude: the sense that as long as the existing tools and technologies are still working, there is no reason to change them. The truth is, when you acquire the right technology, it can greatly improve your bottom line and streamline your business, not to mention you can gain new insights that will help you grow your business.
A digital transformation is a risky endeavor, but when done correctly, it can lead to amazing results. Ultimately, adding a suitable strategy and technology ensures a well-balanced approach to bringing your enterprise to embrace the Digital Age. Visit https://telkomseliot.com/ and find out how we can help you prepare your enterprise for digital transformation.