Digital transformation is not just a buzzword for the operations of successful businesses today. The leadership in some of the most proactive businesses is fast gearing toward an all-encompassing change in their organizational structure when they opt for digital transformation. Contrary to popular misconceptions, digital transformation doesn’t just involve changes in the technology and IT infrastructures. Those are merely just part of the equation of successful business transformations.
The truth is that digital transformation means different things for different businesses and manufacturers. For some, it may mean adopting the latest technologies of 3D printing, robotics, AI and sensor technologies. For others, it may mean embracing the use of big data analytics or investing in software that enables them to join the world of Industry 4.0 where the production line equipment is all connected online and is able to make its own decisions.
No matter what path businesses may take, digital transformation requires making tough calls to ensure that they aren’t left behind. However, change is never easy—especially for the large scale organizational change that follows digital transformation. It may require substantial adjustments in your budgets, training and even combating the resistance to change.
Here are 3 considerations businesses should make as they embark on their journey to transform digitally.
Focus On the Right Level of Change
Investing in newer technologies should streamline business operations, making it more competitive and relevant in the modern business environment. Identifying the right area of focus where the digital transformation will allow you to reap the most benefits and increase value is the area where the change process should begin.
Identify whether your business requires change in processes or a change in your business model.
Just Because the Technology Is New Doesn’t Mean it’s Relevant for You
Choosing the right technology for your business can radically change the results you see. However, investing and deploying technology just for the sake of riding the popular bandwagon may be counterproductive for your business. According to a research by Epicor, businesses that experienced the highest growth rates exhibited strong inclinations toward investing in technology that empowered their workforce and made it more agile.
Evaluate the Position of Your Company
Not every company is ready for a full-fledged digital transformation and not every company needs to completely transform digitally either. Evaluate what the needs of your company are. Sometimes, less is indeed more. Even though newer technologies can drive the journey of your business’s digital transformation, the utility your business drives from them depend on what stage of digital transformation your company is at.
Looking for solutions to start your digital transformation journey?
BBI Consultancy is a digital transformation consulting firm that offers solutions in managed IT services, digital transformation solutions, data protection solutions, big data services and more. If you are a telecom provider wishing to join the digital revolution, get in touch with us. We are based in multiple locations across the globe, including Egypt, UAE and Belgium.