Digital transformation
Rewiring of an organization, with the goal of creating value by continuously deploying tech at scale
The term has become so widely used, so broad, that it has become unhelpful for many businesses. This widely used term means different things to different people. That’s a problem because the business need mandates behind the term - revamping of operating models and becoming more agile in the ability to respond to market trends and customers' demands.
Digital transformation is critical for organizations to not only compete but survive. After the pandemic, an organization's ability to adapt quickly to supply chain disruptions, time to market pressures and changing customer expectations has become critical.
In the center of it all is leadership and culture. If leaders can’t be clear about what a digital transformation is — and align their organization around a specific program — they can’t expect to be successful. Understanding what digital means to your company – whether you're a financial, agricultural, pharmaceutical, or retail institution – is essential.
If you are feeling stuck in your digital transformation work, you are not alone. The hardest question is how to get from vision to execution. Do not try to implement anything just for the sake of digitalization but start prioritizing the initiatives that will have the biggest impact on:
A few articles that might help with more information on this topic a) techtarget; b)mckinsey