How can you improve your digital transformation strategy with collaborative partnerships?

Digital transformation is not a destination, it's a journey about collaboration of people, process and technology. It's like winning a championship together complimenting each other as team. Digital transformation is all about thinking Digital as a way of life when technology enabler joins hands with business champion focusing on process gap and leveraging technology to make process more efficient and making life easier for everyone &achieve business goals. In this journey Startup plays a vital role as Catalyst joining hands with industry leaders and providing disruptive solutions for business challenges. Collaboration and diversity is always good if utilised strategically, The same is applicable for Digital transformation as well.

The fuel needed for Digital transformation journey is “Data” , it can come in any shape ( requirement, complaint, idea - structured/ unstructured ) and size ; which in most cases resides in user or Subject matter expert’s brain / subconscious/ senses ( common or uncommon ) . Easiest and most cost effective way to tap this data to fuel the journey is : collaboration. Collaboration as critical success factor is what makes digital transformation journey more interesting with cross border cultures , business landscape and org change playing part.

I totally agree, digital transformation is the collaborative approach to involve technology in day to day life activities for improving business to create value. Every employee is responsible for successful digital transformation in organisation, be it's CEO or the shop floor employee. Technology awareness and capability building is utmost important in order to drive any digital program for any organisation.

Digital transformation in an organization is the adoption of digital technology to digitize non-digital products, services or operations. When it is applied to the Health sector it is called Digital Health Transformation. The Digital Health transformation process for the enhancement of health services in Sri Lanka was initiated in around 2010 and enhanced with the service entry of medical doctors specialized in Health Informatics.

Digital readiness is more about Business / Organizational future-readiness than digital infrastructure readiness. Most focus on the Digital part of the expression and oversee the Transformation part which more difficult to realize and requires a sustained effort from all the organization and its partners

Start by identifying potential partners with complementary skill sets and technological strengths. Engage in joint brainstorming sessions to share insights, challenges, and industry best practices. These collaborative discussions often lead to innovative solutions tailored to specific business needs. Furthermore, co-develop a risk management plan that outlines shared responsibilities and investment costs, ensuring both parties are aligned in their goals and expectations. Leverage the technologies and tools your partners have to offer, integrating them into your existing systems for a more cohesive digital ecosystem.

Digital transformation connects people with each other in no time. It ease the work and enhance the efficiency and close the gap between people, systems and processes. In the sense of leveraging businesses, it is a prolific tool to use with the limit of sky.

Es muy importante que los propios colaboradores que se vieron beneficiados con la transformación digital cuenten al resto de la compa?ía su experiencia y muestren la evidencia del antes y después de la transformación de manera numérica, cuantificar los beneficios

Digital technology plays a key role in promoting financial inclusion by reducing travel and transaction time and costs, as well as by bolstering operational reliability and user confidence. Partners skills and agility will accelerate and improve both the ability to meet new clients and the impact on sustainable development.

Sustaining a collaborative partnership for digital transformation involves various strategies and practices. Implementing a feedback loop to evaluate the effectiveness of digital transformation initiatives continuously helps. Regularly assess key performance indicators (KPIs) and make data-driven decisions to improve processes and outcomes. This could involve quarterly performance reviews and adjusting strategies accordingly.

Digital finance enables financial institutions, among other things, to provide services efficiently and affordably, overcome geographical restrictions and reduce transaction costs.

Successful collaborations require commitment, flexibility and open communication from all parties involved. By carefully considering the points raised in this post and adapting them to your specific context, you can leverage collaborative partnerships to greatly help you in your digital transformation journey.