Why digital transformation is more possible than you may think
Moving processes from their current states to virtual platforms can often seem like a daunting task to many businesses. As technology rapidly advances, organizations are pursuing digital transformation to keep up with trends as well as consumer and employee demands.
However, the fact that this journey never really ends, along with the costs and expertise required to carry it out, is making some companies hesitate. Digital transformation is more possible than you may think, and it will be worth it to get started now on your transition.
Manager buy-in will be a major driver
Disparate teams cannot go after these efforts on their own; they will need guidance and resources from the top stakeholders. CMS Wire contributor Barry Schaeffer suggested that with buy-in from these individuals, they can more easily establish strategies and grant funding for these innovations.
The CIO could play a pivotal role in this top-down approach, as they will be able to determine what technologies are worth investing in and can identify how to best provision each team. CIOs can also help with planning for eventual changes and drive digital transformation success.
"We can't predict exactly how the connected world will shake out over the next several decades, but organizations must still develop their digital strategies on this kind of timeline, based on the best researched and educated guesses they can make," Schaeffer wrote.
Businesses of all sizes have opportunities
"Businesses of all sizes can take advantage of digital transformation."
Big changes like digital transformation are often viewed as being out of reach for small and medium-sized organizations, but this is far from the truth. While the journey may take a different form, businesses of all sizes can take advantage of digital transformation and improve their overall capabilities.
A survey commissioned by SAP found that 40.8 percent of respondents believed that the size of an SMB was actually a benefit to digital transformation, and an additional half of decision-makers saw that technology could level the playing field. Larger competitors simply aren't able to be as flexible in adopting new technology as SMBs are, and this could have a significant effect on expansion as well as revenue growth.
"For small and midsize companies, digital transformation has brought unimaginable opportunity to become more nimble, expand, and turn the tables on much larger competitors," Digitalist Magazine contributor Dinesh Sharma wrote. "When everything is digitized and tracked, businesses can work directly with suppliers and customers while gaining more control over their business."
Start your transition now
Although many businesses are still dragging their feet when it comes to digital transformation, it's important to begin the move now in order to keep up with the competition. Not only will organizations be able to support these efforts by getting a stakeholder on board, but size should not be seen as an obstacle in these pursuits. As technology continues to evolve, businesses can integrate new hardware and software to boost their capabilities and prepare for the future.
To find out more about how to overcome digital transformation challenges, check out our blog!