CIODigital Disruption

7 Fundamental Steps to Digital Transformation

Software and mobile applications are taking over potent business areas ever since digitization became real survival. As per a recent study, about 42 percent of businesses have the potential to pose a competitive threat to the digitally enabled new markets.

In this article at Eastern Peak, Mary Aleksandrova explains that to remain aligned with the digital market and to beat tech-savvy competitors, organizations must act now and set digital priorities.

Driving Digital Transformation

To ensure smooth transition, first develop a digital transformation strategy. The best approach to digital transformation is to start with key business areas to assess the existing staff against the required competencies. After this, create targeted development interventions to address the uncovered competency gaps. Here are a few steps to execute the plan:

  • Assess the Current State: The basic need to drive digital transformation is to understand changing competencies, virtual collaboration, etc. Identify the skill gap and create a development plan to act as a catalyst for successful digital working.
  • Define Objective: As you asses the major pain points, recognize what do you want to achieve from digital transformation. Do not transform only for the sake of change but do it for a specific purpose.
  • Outline Roadmap: Creating a digital transformation strategy is foremost. It must focus on customer needs. Also, take an incremental approach to prioritize the areas of improvement and move step-by-step to chase your goals.
  • Tools & Techniques: Cloud migration is vital for digital transformation. But if you plan to invest in IoT solutions, edge computing would be a better option.
  • Establish Clear Leadership: Set up a team and a leader or CIO to execute a digital transformation strategy. Those who already have skilled in-house staff must assign responsibilities as per the procedure. Use the CIO as a ‘service approach,’ not a responsible leader.
  • Upskill Existing Employees: The organizations open to adapt and response to the emerging market opportunities are the real players. By evolving your employees against the digital competencies, organizations can move forward. Knowing the skill and talent gaps will enable you to prioritize the hiring and bridge the gap.

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