Digital transformation is a critical strategic imperative for all businesses, from the small businesses to the large enterprises. This message comes through loud and clear from seemingly every keynote, panel discussion, article, or study related to how businesses can stay competitive and relevant as the world becomes increasingly digital.
Defining Digital Transformation
Broadly defined, digital transformation is the integration of digital technology into all areas of a business, fundamentally changing how you operate and deliver value to customers by harnessing the fullest potential of the modern digital innovations.
Businesses at Different Points on their Digital Transformation Journey
Many business and non-business organisations have been trying out different strategies by introducing digital solutions to certain functional areas such as accounting and attendance taking under HRM, and some have even gone paperless and adopted ERP systems and eCommerce as part of their digital transformation drive as well. As a result, a great number of them are at different points on their journey to digital transformation; however, few of them have a holistic digital transformation strategy.
Take digital transformation seriously
Many leaders, from small businesses to large enterprises, share the belief that to succeed in the digital era, all organisations should look at digital transformation seriously, and pay high level attention specially to the rapidly evolving domain of Information Technology.
What drives digital transformation?
Also, it’s essential to understand that digital transformation is driven by the need to rethink old operating models, to experiment more, to become more agile in your ability to respond to customers and rivals – the unchangeable business mandates that you can’t resist, ignore or avoid.