Leadership driving Digital Transformation

Leadership driving Digital Transformation

Leadership needs to drive journey of Digital transformation by creating Digital data driven strategy as value creator through Digital culture exploring opportunities of Digital technologies like Data Analytics, Machine learning, Artificial Intelligence, Robotics, blockchain. Digital strategy enables to be agile & adaptive to dynamic changing customer, business, industry scenario to achieve sustainable performance & competitiveness by serving customers better & improve operations. Digital Transformation leads to reinventing business models, redefining Digital strategy as part of core strategy & creating digital culture engaging people. Some of Leadership emerging perspectives on driving Digital transformation: Digital as core strategy Leadership needs to drive Digital Transformation as part of core strategy apart from products & services, as digital revolution enforces businesses to run Digitally for sustainable growth. Digital strategy enables in evaluating Digital strategic positioning, strategic priorities, strategic trade off & choices, benchmarking, competitive advantage, resource allocation, skill development & Digital strategies needs to be aligned with other business strategies e.g Customer connect, distribution, marketing, supply chain, procurement, operations, human resources & finance, to deliver digital strategic value creation. Digital Enables enhanced Performance & competitiveness. Digital technologies enables real time data facilitates in more connected to customers, channel partners, supply chain & Markets drives predictive analysis, better forecasting, enhances performance & competitiveness. Digital Data strategy supports in data collection across value chain, redesigning processes more automated, protecting data through cyber security, analytics for predictive & utilization, user friendly application enables better customer connect leads to more revenue generation, improve operations enables cost optimization & business insights enables better profitability leads to competitive advantage. Digital Culture, Mindset & Skills Leadership needs to drive Digital Culture & Mindset by engaging people articulating perspective that Digital transformation is key to be competitive in changing dynamic scenario & agility to adopt digital technologies will ensure sustained performance. Digital culture embraces transparency, encourage collaboration, drive aspiration to innovate on products & processes, enhances skills on digital tools. Embedding Digital technologies & business insights with digital mindset enhances knowledge & efficiency leads to competitive advantage. Leadership needs to drive Digital transformation to drive business through digital technologies getting powerful business insights, dynamic changing customer patterns & behaviors, market intelligence, Capturing new innovations & business models, index of agile work force to drive sustainable performance. Leadership need to lead by example in driving digital transformation through Data driven decisions & Digital culture by providing space to people to be agile all the times to be competitive.