Enamul Haque's Blog - Posts Tagged "emerging-technologies"
Why Digital Transformation Fails?
Virtually all companies and organisations have digital transformation high on their agenda. But it is far from everyone who is doing well with their initiatives. Over half of Forbes Fortune 2000 companies are reported to be failing or dissatisfied with their digital transformation, and it may be interesting to look at problems and reasons why.
Expectations And Problem Insight About Digital Transformation
To know whether an initiative is successful or not, an understanding of stakeholders' expectations within the organisation is required. It is also essential to understand the potential risks that may arise when launching a digitalisation agenda. Not being able to clearly measure success will lead to weak reception and questioning budget and resource allocation.
Some larger organisations set up digitalisation and innovation departments - but also for them, goals and purpose are essential for their work. By being aware of the pitfalls and obstacles to successful digital transformation, a greater understanding is created that the work takes time and can involve several obstacles along the way.
Lack Of Support From Management
It is not enough to appoint a CDO or rely on a few enthusiasts to succeed in digital transformation. The work must enter the DNA of the organisation, and management is the main strategy carrier. Unless the chief executive excites and prioritises the work, it will soon come to a standstill.
Lack of management support is a classic problem in many forms of projects and initiatives - it can be ISO certification, GDPR projects, Lean Work, Etc.
Lack Of Transformation In Digital Transformation
Many suppliers try to fit in their offerings and services in the field of Digital Transformation. It can be IoT, Machine Learning, Blockchain, AI, RPA, etc. But the most important thing is not the technology itself, but what it brings in the form of new ways of working, processes and business models. It is not about making an old way of working wholly but digitally rethinking how we do our services and work. Dare to question and test!
Transformation means change, and change carries with it resistance that we are happy to avoid. But without change, no improvement as it is so nicely called.
Forgotten Customer Experience
New technological opportunities bring new competitors, new customer experiences and new business models. This will lead to an increased range of competing players who will fight for customers with new smart solutions. When the customer has the power to choose where they want to place their money, the customer experience is in many cases, a priority over cost reduction and incremental improvement of processes. Be sure to get a helicopter perspective and focus on the big picture – it's foolish to sub-optimise and digitise a process that may no longer be needed in the digital age.
Digital Transformation Requires Platform And Architecture
In addition to having a strategy, an innovation-driven culture and a good capacity for change, the technology and platform to be used to realise these new business models, processes and interfaces with customers and the outside world are also required. Today's companies and organisations increasingly need to act like a software company and increasingly become service-producing IT company. Today you can easily subscribe to cars instead of buying, you can go to the doctor over the phone, and who knows what comes next - subscribe to health and well-being?
At least you need a digital platform that makes it possible to test new business models, processes and working methods. Ideally, this platform should make it possible to work according to the motto "fail fast, fail cheap". So you need to be able to build and test applications and services quickly and cheaply.
Expectations And Problem Insight About Digital Transformation
To know whether an initiative is successful or not, an understanding of stakeholders' expectations within the organisation is required. It is also essential to understand the potential risks that may arise when launching a digitalisation agenda. Not being able to clearly measure success will lead to weak reception and questioning budget and resource allocation.
Some larger organisations set up digitalisation and innovation departments - but also for them, goals and purpose are essential for their work. By being aware of the pitfalls and obstacles to successful digital transformation, a greater understanding is created that the work takes time and can involve several obstacles along the way.
Lack Of Support From Management
It is not enough to appoint a CDO or rely on a few enthusiasts to succeed in digital transformation. The work must enter the DNA of the organisation, and management is the main strategy carrier. Unless the chief executive excites and prioritises the work, it will soon come to a standstill.
Lack of management support is a classic problem in many forms of projects and initiatives - it can be ISO certification, GDPR projects, Lean Work, Etc.
Lack Of Transformation In Digital Transformation
Many suppliers try to fit in their offerings and services in the field of Digital Transformation. It can be IoT, Machine Learning, Blockchain, AI, RPA, etc. But the most important thing is not the technology itself, but what it brings in the form of new ways of working, processes and business models. It is not about making an old way of working wholly but digitally rethinking how we do our services and work. Dare to question and test!
Transformation means change, and change carries with it resistance that we are happy to avoid. But without change, no improvement as it is so nicely called.
Forgotten Customer Experience
New technological opportunities bring new competitors, new customer experiences and new business models. This will lead to an increased range of competing players who will fight for customers with new smart solutions. When the customer has the power to choose where they want to place their money, the customer experience is in many cases, a priority over cost reduction and incremental improvement of processes. Be sure to get a helicopter perspective and focus on the big picture – it's foolish to sub-optimise and digitise a process that may no longer be needed in the digital age.
Digital Transformation Requires Platform And Architecture
In addition to having a strategy, an innovation-driven culture and a good capacity for change, the technology and platform to be used to realise these new business models, processes and interfaces with customers and the outside world are also required. Today's companies and organisations increasingly need to act like a software company and increasingly become service-producing IT company. Today you can easily subscribe to cars instead of buying, you can go to the doctor over the phone, and who knows what comes next - subscribe to health and well-being?
At least you need a digital platform that makes it possible to test new business models, processes and working methods. Ideally, this platform should make it possible to work according to the motto "fail fast, fail cheap". So you need to be able to build and test applications and services quickly and cheaply.
