You'll get 100 different opinions if you ask 100 people, "What is Digital Transformation and where should a company start?"
How can a corporation achieve maximum benefits in the short term in the DX jungle?
We usually suggest that a company commence with the digital micro structure, which is the backbone for all business processes. This is the digital corporate foundation that connects all departments by integrating procedures and information flow.
Why do we think this is a good idea?
- Timeline is predictable; this can be completed in 90 days.
- The advantages are immediately apparent.
- The whole "digital reality" of corporate performance becomes evident for the first time.
- Management may now make data-driven strategic decisions.
- Competitive advantage through faster turnarounds on company strategy, change, improvements, and innovation since information flow seamlessly across "silos."
- A 5 year ROI of 2500 percent on average across all industries
- Annual benefits of 25 MEUR on average across industries (increased sales, improved customer service, operational efficiency, cost reductions etc.)
- Management can use the monetary gains to fund more breakthroughs (AI, Big Data analytics, Customer Experience etc.)
- The company now has a solid digital basis, which will make future advancements like AI easier to deploy and have a more substantial positive influence on the company. Most digital transformations fail because businesses begin with more complicated innovations before laying a solid digital basis. Please start with the digital business foundation; it is easier to adopt and provides instant benefits to businesses.