Companies nowadays are faced with two options; innovate or face extinction. Consumers expect higher quality goods/services delivered faster, new competition abounds from smaller more agile organizations and entire industries are being disrupted by rapid innovation. 

85% of enterprise decision-makers say they have a time frame of two years to make significant inroads into digital transformation or they will fall behind their competitors and suffer financially. 

Here are 5 tips for successful digital transformation within your organization:

1. Establish Business Objectives

Having clear objectives helps to ensure that transformation efforts are focused on solving specific problems, and success (post-implementation) is measurable.

2. Lead from the front (CEOs)

Employees take the cue about company culture, policies and operational workflow from the leaders within an organization. If the CEO and other c-suite executives are receptive to and embrace change, then middle managers and employees will as well.  

3. Embrace Risk Taking (Small); Test and Learn

Industries are often disrupted by small, agile entities that embrace risk taking instead of following the status quo. Encourage employees to think outside of the box to find new methods of getting better results faster. Test their methods on a small scale. If they work, they can be implemented wide scale. If not, the standard processes are still in place so no damage is done.

4. Educate/Re-skill the Workforce

Digital transformation will create new job functions that require new skills. Training current employees to meet the company’s new needs will facilitate much smoother digital transformation, and be a lot cheaper than hiring new persons.

5. Get Help

Having a knowledgeable, unbiased external consultant do a complete audit of your business processes, and give detailed recommendations with a step-by-step road-map for successful transformation, can increase your company’s chances of success ten-fold. 

Sources: https://www.information-age.com/study-finds-businesses-have-two-years-get-digital-transformation-bag-or-lose-out-123461445/

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