Digital Transformation: According to an article published in The Economist, “the infusion of data-enabled services into ever more aspects of life” shall be the most evident consequence of the enduring Covid-19 pandemic. Digital transformation is expected to have greater importance for companies in the future, very shortly.
A 2019 survey of CEOs, directors, and senior executives discovered that their #1 concern was digital transformation risk. However, 70% of their initiatives towards this motion failed to meet its goals. Of a whopping $1.3 trillion spent on the new endeavors in 2019, unfortunately, $900 billion was wasted.
Fundamentally, digital transformation teams fail, despite the possibilities for growth and efficiency gains, as people lack the mindset to a shift. With flawed organizational practices, it is extremely difficult to transform completely. Moreover, digitization would magnify the flaws, only to make it appear bigger.
What is Digital Transformation?
When you bring a new system into an organization, it is only obvious to get a little hyper with the plans for implementation, specification, and counting.
Digital change is one of the most critical processes today, which ensures organizations are relevant and profitable in this competitive market.
The process involves integrating innovative technologies and services into existing business practices and streamline operations. The idea is to improve and add greater value to the final product. This involves adding new tools and applications, storing data, recording information, and many new techniques.
That’s, of course, the digital aspect of things. But, if you spare a thought, we are talking about “transformation,” which means introducing innovative ways to work with the existing team.
Anybody would be willing to buy a new set of digital suites with the latest tools, but who would run it? The key here is to ensure that the talent, or people, onboard and the company culture is prepared to adapt. A successful transformation is change management, and people can only make it happen.
Getting Your Team Involved
Any change is difficult. If you want to introduce major organizational changes, you have to ensure everyone is with you, not only your leadership team. Yes, you cannot let the team make big decisions for the organization, but involving your team in a process can give better results.
A McKinsey study showed that 84% of the CEOs are dedicated to major transformation changes, only about 45% of the frontline employees agree. Connecting the dots is a primary obstacle to enact a successful strategy.
There are many ways to achieve this:
• Take feedback from the team about the changes you implemented
• Keep your team abreast of the implementation strategy
• Incentivize the team with internal marketing to convince new technology to the most reluctant team member
Transformation to the digital landscape can be potentially beneficial to an organization, but only if every single team member agrees and accepts the change. Make sure you have a positive digital transformation team that understands why adopting new technology and its benefits is important.
Invest & Train Your Team
Going digital would have hurdles. Some of the team members may not be as tech-savvy as others. However, you cannot leave them behind. To bring them up to that level, a lot of training is required to help them adapt to the latest technology and tools.
Remember, people have different ways of learning too, and speeds may differ. For instance, some team members may understand the concept in one demo session, whereas others may require multiple days of training to grasp the new technology.
Experiment with varied training materials, such as online courses and hands-on learning, and give them the flexibility to choose how they want to learn.
It may take some time to learn how to use new technology for better results, especially for team members who do not possess the natural inclination towards technology. Investing in training is a sure-shot way to leverage this transformation.
Digital Transformation Framework Doesn’t Change Everything.
The digital transformation framework is not about changing Everything at once. When you start transforming the business, getting carried away is easy. However, it’s critical to know about the technologies to adopt. You may consider the one that employees would find easier to implement and selectively choose the best way.
Anything that glitters is not better. When you plan to transform your business processes digitally, it is only to simplify the work process and facilitate your team members. So, do not make it complicated. If you have any doubt about the changes, consult the frontline staff.
For instance, if you want to adopt a new platform for online communication, but you cannot decide between Zoom, Teams, and Slack, consult your staff and take their opinion.
Broaden Your Vision
Do not have a myopic vision when it comes to a major transformation. Digital transformation services aim to make lives simpler and better. A successful transformation strategy introduces new changes into the business to make it more efficient and reduce employee workloads.
If executed properly, such a digital revolution can lead to improved working practices, the increased value of customers, and a lesser workload for the team. If your digital move is not ticking all the boxes, something is amiss.
Bring Change Right from the Top
The concept of grassroots change is intuitive. However, in reality, change is more likely to take place if driven right from the top. Again, that does not indicate a hierarchical or autocratic structure or a culture that breeds fear. It simply implies leadership, both transformational and transactional.
When digital change is concerned, the primary implication is that no major change or even an upgrade to the organization is possible.