Digital business transformation is not just about technology. However, it is about constant innovation and evolution!
Not all companies were born digital; starting lines may differ mightily, but the goals are mostly the same. Additionally, 89% of businesses are either implementing or have already implemented digital-first approach to their business processes, operations, and customer engagements. Conversely, despite these innovations, workforce strategy time lags behind a business’s ability to leverage new digital tools. The chief reason behind this disengagement is the tendency to place the technology at the heart of digital transformation. When, in reality, it is the people that power successful transformation.
Digital business transformation is not just about technology. Instead, it is about having technology and people co-exist and about using innovative technology solutions to drive digital business transformation, better work practices, and cost savings.
The role of the leadership board in businesses is primary to transformation, and the rewards are high. However, according to a report by MIT, digitally transformed companies achieve 16% higher profits than the industry average. Here, we are going to address six questions to get right into the digital transformation space.
Six Questions for Digital Transformation
- How strong is the digital threat/opportunity to your business model?
- Which business model makes the best for your business’ future?
- What is your chief competitive advantage?
- How will you leverage technologies to connect and learn?
- Do you have significant capabilities to reinvent the business?
- Do you have the leadership at every level to make the digital transformation dream come true?
There are three chief reasons why digital transformation is not just about technology:
1. Digital Business transformation demands mindset shift
Applying innovative digital processes and tools will not accomplish much if people within business do not adopt a digital mindset. People need to have the willingness to think differently about how to achieve success for the company and its customers. Every individual involved in business must not only comprehend the vision and positive impact of digital transformation. But, also embrace the notion that digital tools demand a chance in the way they function. To make digital business transformation success, consider the following steps:
Steps for Successful Technology Transformation
- Form a clear vision of change that enlightens and inspires employees to support digital transformation efforts in the business.
- Identify campaigners of change who can lead by example and demonstrate to others how to embrace digital transformation.
- Introduce employee learning solutions that don’t just communicate but also motivate individuals to make a shift.
2 Digital transformation demands behavioral shift
For digital transformation to take a firm footing, individuals must transform their approach to work, leverage data, and make use of new digital tools. Merely introducing new technologies wouldn’t deliver lasting transformation. For the reason that individuals must possess the skill and knowledge to incorporate innovative technologies into business processes. Digital transformation cannot accomplish maximum impact unless people themselves engage rigorously with the latest technology.
Gaining successful digital transformation, people will need to learn opportunities that empower them to think and act differently. Targeted training in the areas of teamwork, project management, and innovation propounds people the chance to learn more about how they can support digital transformation personally.
3 Digital Transformation demands Leadership backup
Leaders establish expectations and lead by example. It demonstrates to other individuals the behaviors and mindset that are needed for digital transformation to be a success. The irony is that digital is all about innovative technologies and automation. But, the transformation is all about PEOPLE, and how one leads and inspires them. The very first step in cultural change comprehends that it is PEOPLE FIRST, and it is your job to find ways to involve and motivate your team.
Leadership training is valuable to any digital transformation for the reason that it assists leaders to more confidently lead their teams through, at times-murky waters of change. Equipped with new knowledge and skills from training, leaders can drive waves of digital transformation throughout the workforce by:
- Forming an environment of open two-way communication in which people involved, can question and seek direction and leaders cater feedback to guide employee behavior.
- Identifying individuals who can infuse digital thinking into existing processes and use digital tools to enhance customer experience.
- Backing employee learning and competency development.
Digital transformation is here to stay, and it is dramatically changing the way we work. However, for leaders, success will be harnessing the power of technology and finding talent with the appropriate skills and mindsets.
To sum up, there’s no argument that digital transformation comprises the addition of innovative technologies. Still, people are what powers this transformation to make it a success. Technology is an enabler of digital transformation, but people unite digital thinking, tools, and processes. Concentrate on equipping the workforce with knowledge, training, and leadership support and lasting digital transformation will become a reality.
The possibilities for innovation are endless. See how we can help you transform your business digitally. Visit us at booth no I (15,16,25,26) at the most prominent IT event happening in Bengaluru: “Bengaluru Tech Summit 2019” from 18th to 20th November 2019.
Why Is Digital Transformation Not Just About Technology? is written by Shreya Panchal for emxcelsolutions.com