Digital transformation has its advantages which is why every business is trying to hop on to the digital transformation bandwagon. From optimal resource utilization to enabling a digital culture, delivering a better customer experience to actionable customer insights, ability to bring products faster to the market to growing your profits. The list goes on and on. Even the data backs this up too.
According to Deloitte, Companies with higher maturity achieved 45% higher revenue with digital transformation. 41% of businesses who have already adopted digital transformation had a positive impact on their marketing and sales Affordable seo services UK. Not only that, 29% of organizations also reported that digital transformation impacted their growth and innovation in a positive way.
Despite all this, marketing meme trends are not for everyone. Just because your competitors are embracing digital transformation does not mean you should too. First you need to develop an organizational culture that is conclusive for digital transformation. You need to get buy-in from top executives and need their support for your digital transformation initiative. If your organization doesn’t have the right culture or support from key stakeholders, you should not implement digital transformation.
Whether you are still confused about whether to give digital transformation a try or not or have made it halfway through the digital transformation journey, it is important to know the key pillars of digital transformation. That is exactly what you will learn in this article.
In this article, you will learn about four key pillars of digital transformation that will increase your chances of success.
4 Key Pillars of Digital Transformation Success
Here are four key pillars of digital transformation that can help you successfully implement it in your organization.
One of the common characteristics of successful digital transformation is clarity. This means that you should be crystal clear about the project roadmap, technologies that need to be improved and which processes you will optimize and how. Moreover, you should also highlight which new technologies will be introduced.
Yes, all that might seem like a daunting challenge but without clarity on all these things you can not achieve success with digital transformation. In fact, if you really want to make the most of your digital transformation and bring innovative products faster to the market, then this is the most crucial step.
With little to no clarity, organizations can not experiment quickly, which kills the whole purpose of digital transformation. Lack of clarity is one of the biggest reasons why a vast majority of businesses struggle to achieve success with digital transformation. You should also be aware of how different pieces fit in and how different elements work together to implement digital transformation successfully.
One quality that peaked the business interest in digital transformation is agility. The ability to respond to changes and adapt to changing situations quickly is one of the unique selling propositions for digital transformation. This could include anything from migrating workloads from the HOSTNOC cheap dedicated hosting server to the cloud. It can not only help you fulfill customer needs in a much better way but also improve your agility, scalability and scalability at the same time.
Deploying and testing new applications is also a breeze in a cloud environment. With the power of scalability, enterprises can easily scale new solutions to the top of the tech stack in no time. It can also have a positive impact on your productivity and can also minimize the costs. Just like with every other technology, cloud also has some downsides that you should be aware of before migrating your entire workloads to the cloud.
Security is one of the biggest concerns that is holding businesses back from going all in with the cloud. Yes, it can improve your agility but you don’t want that at the cost of security. That is why you need to find ways to get over security vulnerabilities associated with the cloud before migrating your workloads there. There is no point in building an agile organization when your data is not secure. Even though cloud vendors are doing their bit to secure their cloud platforms, there is still a lot of room for improvements.
Another trait that companies who have successfully implemented digital transformation have is resilience. You need to make your existing systems more resilient and develop new systems in such a way that they can withstand any type of situation that comes their way. Your goal is to make your systems so resilient that they don’t come down to their knees when they come under pressure.
More importantly, you need to have a threat detection and response system in place that helps you identify issues in real time and react to them before the damage has been done. Apart from that, your systems should be flexible enough so they can easily adapt to ever evolving business dynamics and don’t become obsolete that quickly. The pace at which business dynamics are changing warrants you to have a dynamic system instead of a static one.
If you already have a rigid system, you might find it difficult as it might require a lot of work to make it adapt to the evolving business landscape. The better alternative would be to switch to a more flexible system instead of wasting time improving a rigid system. Sticking with a rigid system can drastically reduce your chances of succeeding with digital transformation.
If your business wants to deliver the best customer experience, you should focus on sustainability more than anything else. Harness the power of technology and predictive maintenance to keep your systems up and running. This allows you to minimize the downtime or even eliminate it altogether in some cases to massively improve the user experience. To achieve this, you will have to keep sustainability principles top of mind when embarking on your digital transformation journey. This will allow you to innovate quickly but also sustain your advantage over competitors over the long run.
Which is the most important pillar of digital transformation in your opinion? Share it with us in the comments section below.