Digitalization strategy for Business Transformation- Accelerate your Digital Transformation Journey

Digitalization is rapidly changing how organizations create value and how they compete.

To survive and thrive in the digital era, we must embrace new approaches that can help our organization transform 2x faster.

Five key things to keep in mind while Digital Transformation Strategy Formulation :

1.     Digitalization is a top priority but efforts are stalling

Eighty-seven percent of senior business leaders say digitalization is a company priority, yet only 40% of organizations have brought digital initiatives to scale. The gap between aspiration and achievement is widening for enterprises attempting digital business transformation. Without a shared vision across the organization, digital transformation efforts will continue to stall.

2.    Define a digital ambition for business transformation

Most organizations are doing digital projects, but this does not mean they are a digital business. Organizations must first determine the right mix between digital optimization and transformation. This can change over time, but a clearly defined digital ambition provides direction and focus for the work ahead.

3.    Build a digital strategy

Strategy is critical to succeed in digital business, but most organizations are not very effective at creating it.

4.    Master the art of transformation

Leading organizations focus on three key areas to accelerate transformation — a clear endgame, principles to guide behavior, and culture hacks to make change real.

5.    Define and measure success

As organizations start their digital business journey, it is important to measure progress and the business value it creates.