Since we've all agreed that digital transformation isn't an option, but a must, we might as well embrace it and learn how to best implement it. According to a McKinsey analysis, only 30% of organizations that implement digital transformation are successful. What makes you believe this is the case?
Buzzwords such as "digital transformation" make it sound like the process is linear and all-encompassing, but there is much more to it than meets the eye. Often, businesses end up making digital transformation mistakes that delay results and act as a deterrent to the success of the whole process.
The transformation process is frequently a mirror of the CEO's own state of mind, and it can happen without any preceding interactions with other staff, brainstorming, consideration of alternative ideas, or training. As a result, employees are frequently disengaged, and even senior management may be uncommitted to the project. Not to mention that no one will start using new technology until they understand why the old one was replaced and how to use the new one.
According to the studies, more than 80% of employees are concerned about new technology and changes in corporate operations. Although resistance to change is inherent in human nature, it does not exclude us from overcoming it. It is critical for management to instill a digital transformation culture for employees to adopt. To avoid this mistake we talked about it in Overcoming Legacy Challenges
Businesses that embrace digital transformation miss out on a major opportunity for success by failing to draw important insights from the data they collect.
There is a plenty of data available. It is essential to manage and transform it into something useful for driving your digital endeavors. Modern data management is one of the most important measures you can take to win in the digital age.
Another primary cause of digital transformation failure is a lack of clear goals and objectives. When the aim is not clearly defined and KPIs are not agreed upon, you are more likely to fail. Like everything else in life, having a plan before embarking on your digital transformation path is essential. Remember that your goals should be specific, measurable, achievable, relevant and time-bound. Also, reframe your employees' roles so that they understand their involvement in the transformation process and feel accountable for it.
Even though setting up clear KPIs and goals are crucial, setting clear dates for digital transformation initiatives will never work for any company because the shift is not a one-time event. Given how quickly technology changes, it is a constant, sluggish process that may take months to years to enable complete digitization.
It is important to set interim goals rather than a firm deadline to keep your digital transformation on pace. As a result, you will be able to better monitor deliverables and identify the rate at which you are migrating. This will also save your employees from becoming overburdened by deadlines. Check out how Enehano meets the original timeframe here.
In case you have any questions, do not hesitate to contact us. We will be happy to discuss them.
