Digital transformation means the creation of something new or changing the existing processes in the business using digital technologies. In short, it is the redesigning of business processes in the digital age. In recent years, many business processes have been completely transformed because of digitalisation. The digital transformation programme will provide participants with a complete understanding of all the key factors that are required for the transformation of an organisation into an effective digital entity. The programme enables participants to also gain knowledge about the latest technologies.
What are four main areas of digital transformation?
It is different for every industry. The four types of digital transformation are as follows –
1. Process transformation – It means reimagining various business processes for reducing costs, improving business process quality, and decreasing cycle times.
2. Business Model Transformation – This aims at the foundational building blocks of how value is derived in a specific industry. It reforms traditional business models to modern.
3. Domain Transformation – It means using new technologies to redefine the products and services of a business and give it an edge over competitors.
4. Cultural or Organisational transformation – This aims to redefine business processes and incorporate digital technology to change mindsets, processes, talent and capabilities.
How do you develop digital transformation strategy?
A digital transformation strategy is an action plan which will define the way a business can transform. Business operations also undergo changes at regular intervals. There is a need for constant innovation and leveraging the new technology. Using digital tools is a great way to bring a company closer to its customers. A good strategy should empower digital technology. A strategy should be able to boost the quality of the products and services as well as productivity at work. A digital strategy will help businesses to get a stronghold in the digital transition.
To develop a digital transformation strategy, all you need is required capabilities and a roadmap. Here are 6 steps to craft a winning digital strategy:
1. Get buy-in from your team
2. Secure funding
3. Assess your current state
4. Identify your desired goals and outcomes
5. Conduct a gap analysis
6. Create a roadmap
A programme can help you build the right capabilities and give you in-depth knowledge on how you can evolve your business by utlising the above steps.
How to implement digital transformation?
The utilisation of digital technologies is important for surviving in an increasingly competitive scenario. We need to implement a strategy that requires a fundamental change in an organisation. Digital transformation involves applying digital technologies to design new or change existing business processes as well as customer experiences to meet changing business and market requirements. It is the process of incorporating digital technology in every area of a business. It is going to change how businesses will operate and how they will deliver value to their customers. Its implementation will differ according to an organisation’s specific demands.
To begin implementing, a business needs to first draft a strategy. Depending on the roadmap, one can then begin to follow a robust digital transformation framework. The framework provides a structure to examine, enhance and then transform all your key business capabilities in parallel to one another. There are 4 key capabilities of a business viz:
1. People
2. Process
3. Technology
4. Artificial Intelligence & Data Science
All of this requires decisive leadership, strategic planning capabilities and a clear vision.
About the author:
Seema Joshi has been in the industry for the last 28 years, working on core design development for various Embedded Systems requiring RTOS. She has successfully completed various projects working on RTOS with Embedded System as the core.
