The most successful digital transformation strategy is to ask the right questions. Whether you’re building a digital transformation strategy from scratch during a pandemic, or rethinking your plans in the face of confusion, start from a curiosity perspective. The most effective method for digital transformation does not start with many answers but with the right questions. IT executives can ask specific questions when all businesses are changing in response to the ongoing COVID 19 pandemic. These can help assess or reassess the business needs and opportunities that digital solutions can meet. You can take a step back for that. With these 10s in mind, experts suggest:
Is my digital transformation strategy still relevant?
It is nearly impossible for a digital transformation strategy to remain relevant for more than a few years. You can use digital transformation consulting to stay updated.
Technology innovation and business model collapse are faster than ever. This makes it nearly impossible for digital transformation strategies to remain relevant for more than a few years. “If you’re in the second or third year of your strategy, it’s important to assess the roadmap. Check that what you’ve created to implement your IT strategy is still appropriate,” said Rahul Singh, managing director of consulting firm Pace Harmon. For the transformation of IT and business services. “Evaluate and modify your course to avoid investing in strategies that are obsolete due to technology and business model disruptions.”
Is our current or proposed digital transformation strategy holistic?
Beware of “random digital behavior”. “We see that many organizations are pursuing what we call” random digital acts. “That is, a compelling vision of an urgent problem for a particular executive that is less relevant to each other. It is a solution to your favorite project or where it is. The organization is moving forward and how technology supports this path,” said Holly Lyke Hogland. Holly is the process and performance management team leader at benchmarking, best practices, function and performance improvement, and knowledge management firm APQC. The best strategy for digital transformation is comprehensive.
Is the digital transformation strategy aligned with business priorities?
“IT strategies often focus on what I call IT for IT.” IT strategies can help companies differentiate the products and services they offer to their end-users. I don’t ask the fundamental question. Sometimes IT leaders think strategically and can’t answer how IT strategies achieve key business growth goals. Generally, people consider IT a cost center rather than a value center. Today’s digital world. So this is a missed opportunity for IT organizations.”
What might hold us back?
Need to adjust IT key figures or budget cycles? If the current approach does not produce the expected results, the old way of thinking can hinder execution. “For example, we surveyed companies that needed to adjust their IT metrics. Done to get bug-free innovation or companies whose annual IT budget cycle couldn’t keep up with the speed at which they needed to fund digital projects.” Lyke Hogland said.
How agile is our approach?
“When implementing an IT strategy, it’s important to ask yourself how flexible your strategy is and how you can adapt to the turmoil of technology and business,” says Pace Harmon Shin. “In today’s dynamic business environment, it’s important to incorporate stage gates and adaptability.” Elizabeth Ebert, a North American IT advisory lead for IT consulting and service provider Avanade, advocates a sprint plan. “This builds plans and implementations at a learning pace so that different topics are picked up and updated as we implement new technologies, programs, and processes,” says Ebert. “The planning period has also been significantly reduced and is rarely planned for more than a couple of years.”
One way to do this is to use new technology adoption sprints. It will create the ability to address new technology opportunities that need to be considered as part of the business innovation and transformation effort.
Are we measuring the right factors?
When it comes to metrics, the ability to track the value of digital initiatives is paramount to success. It could be whether it’s increasing sales, reducing operating costs, accessing new markets, or retaining customers. “Always ask yourself the question,’ How can you track the value of your current initiative?'” Advises Prashant Kelker, a digital strategy and solution partner at ISG, global technology research and consulting firm. Another key aspect is cloud devops consulting which is essential for better business growth.