Digital Transformation refers to integrating digital technologies into all business areas. It also changes the mindset of traditional delivering the value. It helps to define the operating and delivering models and the values that an organisation delivers to its customers.
It is not only a cultural shift, but also a cultural challenge, which requires organizations constantly to question their old methods.
Why is digital transformation important?
While an Organization might consider digital transformation for many reasons, the most common reason is the survival issue. Because it is costly and risky, businesses don’t choose to transform. When they failed to grow, businesses went through a transformation. These guys can help you with more information.
What does the Digital Transformation Framework look like?
Although digital transformation will vary based on the organization-specific challenges and demands, there are few common aspects of digital transformation which create a common theme or framework that all technology leaders and business should consider when they embark on digital transformation. These are:
Culture and leadership
Digital Technology Integration
Each of these elements may have its own steps, but CIOs can identify the common themes in their digital transformation strategy.
***Cognizant has created an excellent video document, which discusses a detailed framework for Digital Transformation. It may prove to be useful. Although the original material was in PDF format I converted it to MP4 to make it easier to view and upload to this article. ***
How does culture play a significant role during Digital Transformation?
Recent changes in IT’s role have fundamentally changed, and CEOs now want their CIO to generate revenue for their organizations. Prior to digital transformation, the CIO’s main operational priority was to improve business processes. Now, however, the CIO’s primary priority is to create innovative new products.
IT is now the primary driver of business innovation, rather than focusing solely on cost savings. This shift requires everyone in the organization to rethink their roles as well as the impact of IT on their day-to-day lives.
While IT will play an important role in driving digital transformation strategy but it is everyone’s responsibility to implement and adapt to the huge changes that come with digital transformation. Digital Transformation is a people problem.
What drives Digital Transformation?
Technology is an essential component of digital transformation. However, it is also about getting rid of outdated processes and legacy tech. CIOs are unable to successfully embark on a digital transformative strategy due to outdated technology and inefficient processes.
CIOs spend 72% of their budget and average time on IT issues, while 28% is used for new projects or innovation. A business must be able to adapt to the rapid pace of digital change if they want to grow.
This means that IT organizations will be able to adopt agile principles across all business areas and automate technologies to increase speed and momentum, and reduce technical debt.
What are the top trends in digital transformation for 2020?
2020 will see rapid growth of Digital Initiatives across all industries. There are certain areas where CIOs and organizations have prepared their organizations for change, but not taken the necessary steps to implement the change in their culture.
These are the top digital transformation trends every business, CIO, and IT leader should be aware of in 2020.
Rapid adoption of digital operating models, and integration of the