Digital Transformation Strategy - Starters Guide

Digital transformation: finding right path and pace and conclude with a strategic plan is often challenging and varies from industries, domain and geography.

Digital Business Transformation should be designed by operation leaders and senior managers from all business areas with their existing team, who wish to develop a strategic roadmap for digital business transformation in their organizations.

People Should Aware Of Below Points, While Initiating Digital Transformation Journey

1. How important is digital transformation to your business in terms of customers?
2. Are your competitors deploying digital technology or digital strategies that are disrupting your market position?
3. Do you have right set of data's - internal and external
4. Understand how digital technologies and business models are radically changing competitive dynamics across your industries
5. See into the mindset of digital disruptors, like competitors, complimenting industries and Silicon Valley "unicorns"
6. Understand how to become a much more agile organization
7. Define a plan of action for digitization across your organizational value chain that allows you to both preserve your core business and compete in new markets
8. Disruptive thinking that can transform your companies future and sustainability
9. Gain clarity on disruptive technology trends and challenges and opportunities they create.
10. Discover critical digital capabilities you need to create a customer-centric journey.
11. Brainstorm with Veterans & visionaries how to make digital integral to your strategy.
12. Figure out where to invest to get the best return on investment for digital transformation.

Digital Business Transformation brings you the best business insights for the digital age by asking right questions

FIVE KEY AREAS to consider for building strategy

1. Customers - Both Internal & External customer for consideration
2. Competitors - Understand the technology and process of competitors with industry standards
3. Data - Use existing internal data and external data for analysis and to create artifact for plan
4. Innovation - using right set of data and consulting from team innovate and accelerate
5. Value - All the innovation and investment made should create a value to customers rather than cost oriented projects in place

Principles of Digitization for successful organization

1. Senior Management Buy-in
2. Build & Get Sign of Clear Targets
3. Finalize Budget & Get Approval
4. Initiate Pilot Projects (Proof Of Value)
5. Get Strategic & Launch Team To Kick Start
6. Develop Agile Culture & Awareness on Transformation Responsibilities
7. Nurture Up-Skill & Re-Skill Culture For Digital Journey
8. Organize Proof Of Value Projects For Quick Returns
9. Adopt A New Operating & Delivery Model Based on Need

Thanks

AK