Let the dollar signs speak for themselves: Leaders industry-wide are embracing digital transformation as a disruptive force that can’t be ignored. In fact, a recent study by IDC forecasts that spending on digital technologies will reach an estimated $1.3 trillion this year and will nearly double to $2.1 trillion by 2021.
Whether your organization is in the infancy stages of its journey or has reached a point of digital maturity, keep in mind that digital transformation is never a one-and-done deal. As you map out your digital strategy, you can avoid the common trap that many businesses fall into by remembering that transformation is a key component of the overall concept.
True digital transformation is not merely about applying technology and then waiting for it to revolutionize systems and sales. It’s a holistic endeavor that requires a detailed road map for how digital tools will be leveraged across various business functions to achieve organizational agility.
Never transformed and always transforming, a solid digital transformation plan requires buy-in from each facet of the enterprise to be successfully integrated into your processes, culture and brand. As such, it’s critical to collaborate with your cohorts in every department to innovate ideas, analyze technology gaps and implement cross-functional solutions. If you’re ready to design a true digital strategy and not just a one-dimensional IT project, here are four core areas to incorporate into your digital transformation framework.
Source : Forbes