IDC DX Awards believe that at such a time like this, where technology is changing at an exponential rate, digital transformation has become more than just a choice, it is now rather an inevitability. Digital transformation refers to the process of shifting from old business processes and transforming into a more modernized, digital environment to help accelerate user and customer experience.
Surviving in today’s fast-paced and fast-growing digital era requires constant effort in providing only the best of experience to your customers and employees while also delivering on their promises in a much faster and more seamless way. The emergence of digital-driven businesses today shows how quick digital transformation weaken old and traditional business processes in the market and potentially dislocate an entire industry, with digital organizations and leaders at the very front of it all.
With that, there are countless opportunities and areas of growth to explore and dig deeper into this digital economy. Today, an ample amount of organizations are beginning to dive into the digital world, embarking onto this new journey, to potentially help empower the business and have better control over abrupt organizational changes.
But what really are the indications that your company has already gone from old to new? Allow me to help you with that. Below is a list of signs that prove how your company has digitally transformed and matured over the years:
Shifting Towards The Cloud
An ideal organization pushing digital transformation forward aims to use technology in the right ways, and to succeed in this entire digital transformation journey, businesses leverage the support of cloud systems to establish strong digital transformation frameworks.
Cloud-based systems help organizations store, manage, control, and disseminate company data whenever and wherever. It also offers analytics and reports that bring a good deal of advantages to businesses such as flexible workflows, reduction of risks and other IT-related issues, improved operational performance, and functional programming.
The cloud system is a primary foundation for today’s fast-growing business environment. If your organization still hasn’t integrated cloud-based systems into your everyday business processes, then you’re clearly missing out on a whole lot of advantages. However, if you’re in the process or have gone the process of shifting towards the cloud, then that only implies that your business is on the right path of digital transformation.
Shifting The Small “i” To A Larger “I”
Digitally mature companies have this habit of scaling small digital experiments into significant enterprise initiatives. According to researchers, oftentimes digitally mature organizations have this capability of changing small “i” innovations into more substantial “I” innovations or experiments.
For these organizations, every experiment is an opportunity. For these organizations, there is absolutely no wasted effort or experiment. On top of all that, digitally maturing businesses are considered intelligent and disciplined enterprises as compared to those who have yet to transform and mature, especially in the aspect of figuring out how to fund and turn these ideas and endeavors into reality.
Digital-Driven Talent Magnets
Digital-driven enterprises cultivate a digital culture in their company across all functions, communications, and business processes.
With that, if your business strives hard in keeping talents or employees that have great desires in retaining, exploring, and learning more about the ins and outs of the digital culture, then it signals that you’re really on the right track towards accelerating digital transformation. Some other aspects of fostering a cultural change involve hiring and training people with digital mindsets, creating an office environment where humans and robots can freely collaborate, moving away from hierarchies, and so much more.
Relying More On Insights
Aside from cloud-based systems, data and analytics are also essential factors that help drive digital businesses. A good and effective data-driven strategy on your plate only indicates that you’re progressing towards reaching the peak of your digital maturity.
It’s an important note to keep in mind that the success of every digital business highly depends on your enterprise’s ability to collect and derive data and analyze it consistently, with free-flowing data across devices, networks, users, and applications.
Nurturing Leaders With Digital Visions
A digital business transformation is hard and less likely to happen without the presence of leadership commitment. Therefore, if your business clearly has a leadership team committed to cultivating [digital] visions and turning these into reality, then you’re ultimately at the top of your digital transformation game.
Good leadership paired with sturdy and effective digital transformation strategies are more likely to create new digital, business models for the company, apply methodologies, analytics, and insights to the development and improvement of the entire enterprise, equip human resources with the right tools, identify potential partners in the industry, and a whole lot more.
Apart from everything that has just been discussed above, there are plenty of other things and signs that indicate whether or not your organization is progressing in digital transformation and maturity or not. And besides, you would, and you should know whether or not your enterprise stays stagnant in the industry as a starter.
No matter what industry you belong to, digital transformation is something you can’t escape. As mentioned, it’s inevitable. Might as well catch up now before things are too late. In this fast-changing industry, it’s going to get absolutely challenging to keep up once fresh innovations and developments enter the market all at the same time.